NOT LISTED FOR SALE

Estimated Value: $616,204

Studio
-- Bath
-- Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: July 28, 2017

Last sale price $435,000

Est. 42% increase in value since last sale

Current estimated payment $3,719 / mo

About This Home

As of July 2017

This is a one of a kind opportunity for any passive investor! This 7-Unit single building has been renovated top to bottom. Each unit has a new kitchen, restored floors, updated mechanicals and a concrete driveway. The top unit is the crown jewel with a custom kitchen, modern appliances, and high ceilings.

Last Agent to Sell the Property

Matthew Callander

Callander Commercial License #6501303339 Listed on: 05/01/2017

Last Buyer's Agent

Dan Burkett

Callander Commercial License #6501277917

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,198

Year Built

  • Built in 1875

Lot Details

  • 13,503 Sq Ft Lot
  • Lot Dimensions are 99' x 137'

Parking

  • 16 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Connected

Community Details

  • 7 Units

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,198

Year Built

Built in 1875

Lot Details

0.31 Acres

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 76.92
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 99' x 137'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 6198.0
  • Tax Info:Zoning3: RM-15
  • General Property Info:Total _pound_ Units: 7
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 450000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 16.0
  • General Property Info:Total Parking Spaces: 16.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Size Sq Ft: 13503.0
  • Zoning Description: RM-15
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 7

Tax Info

  • Tax Annual Amount: 6198.0
  • Tax Year: 2016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2017
Closed on
Jul 7, 2017
Sold by
Bought by
Seller's Agent
Matthew Callander
Callander Commercial
Buyer's Agent
Dan Burkett
Callander Commercial
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%
Current Estimated Value
$616,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,204
Avg. Annual Appreciation
3.98%
Original Mortgage
$435,000
Outstanding Balance
$357,986
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$258,218

Purchase Details

Closed on
Jun 16, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 25, 2004
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Company
$257,000 Chicago Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $435,000
Previous Owner $180,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/28/2017 07/28/17 Sold $435,000 -3.3% --
05/01/2017 05/01/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $450,000 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,923 $235,900 $0 $0
2024 $4,555 $236,400 $0 $0
2023 $4,555 $278,800 $0 $0
2022 $10,460 $215,500 $0 $0
2021 $10,117 $203,800 $0 $0
2020 $9,926 $187,400 $0 $0
2019 $9,560 $149,600 $0 $0
2018 $9,339 $138,300 $0 $0
2017 $5,913 $131,600 $0 $0
2016 $5,913 $89,300 $0 $0
2015 $5,913 $88,300 $0 $0
2014 $5,913 $84,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 17019138

MichRIC

APN: 06-16-411-025

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