NOT LISTED FOR SALE

Estimated Value: $549,906

10 Beds
6 Baths
4,510 Sq Ft
$122/Sq Ft Est. Value

Last Sold May 26, 2021

Last sale price $432,500 $96 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,045/month

61 Days on Market

Highlights

  • 3.36 Acre Lot
  • Balcony
  • Bungalow
  • Deck
  • Patio
  • Forced Air Heating System

About This Home

As of May 2021

Six unit investment property with full occupancy already in place. Four two-bedroom units, and two one-bedroom units with large parking lot and property behind. All units have deck or patios for outdoor use with all utilities separate. Landlord pays for sewer and water. Great ROI and Cap rate. 48 hour notice to show for certain units.

Last Agent to Sell the Property

Renee DeKroub

RE/MAX Platinum License #6501245221 Listed on: 03/25/2021

RE/MAX Platinum

Last Buyer's Agent

Dee Hafner

Dee's Mission Realty License #6501311986

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1979

Lot Details

  • 3.36 Acre Lot
  • Lot Dimensions are 220.00x660.00
  • Private Entrance

Home Design

  • Bungalow
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 6 Full Bathrooms
  • 4,510 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Parking

  • 20 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number I199240001000

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • 6 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,413

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 2 Story
  • Year Built: 1979
  • State Equalized Value: 150000.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: High Spd Internet Avail, Laundry Facility
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Total Sq Ft: 4510

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Vinyl
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Poured
  • Porch Type: Balcony, Deck, Patio
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 20

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Separate Meters
  • Water Source: Public (Municipal)
  • Laundry Facilities: Yes

Lot Info

  • List Price per Acre: 133928.5700
  • Lot Size Area: 3.36
  • Lot Dimensions: 220.00X660.00
  • Parcel Number: I199240001000
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection (Garbage Pickup), Water
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 4210

Tax Info

  • Tax Amount Summer: 7382.0000
  • Tax Amount Winter: 1031.0000
  • Total Tax: 8413.0000
  • Taxable Value: 131266.0000

Multi Family

  • Gross Scheduled Income: 50520.00
  • Number Of Units Total: 6

MLS Schools

  • School District: Imlay City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2014
Closed on
Apr 13, 2015
Sold by
Puzzuoli Group Llc
Bought by
Koscica Llc
Seller's Agent
Linda Donley
Donley Realty
Buyer's Agent
Renee DeKroub
RE/MAX Platinum
List Price
$256,000
Sold Price
$251,000
Premium/Discount to List
-$5,000
-1.95%
Current Estimated Value
$549,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,906
Avg. Annual Appreciation
7.50%

Purchase Details

Closed on
Jan 28, 2005
Bought by
Tomovaski Stefan and Tomovaski Velika
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Koscica Llc $251,000 --
Tomovaski Stefan $345,000 --
Tomovaski Stefan $345,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2021 05/26/21 Sold $432,500 -3.9% $96 / Sq Ft
03/25/2021 03/25/21 For Sale $450,000 +79.3% $100 / Sq Ft
04/02/2015 04/02/15 Sold $251,000 -2.0% $46 / Sq Ft View Prior Sale
01/22/2015 01/22/15 Pending -- -- --
12/15/2014 12/15/14 For Sale $256,000 -- $47 / Sq Ft
Source: Realcomp

Tax History Compared to Growth

Source: Public Records

Tax History

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 $14,074 $257,000 $0 $0
2024 $12,097 $237,300 $0 $0
2023 $11,564 $212,500 $0 $0
2022 $13,822 $216,500 $0 $0
2021 $8,404 $145,100 $0 $0
2020 $8,329 $150,000 $0 $0
2019 $8,318 $138,200 $0 $0
2018 $7,903 $125,800 $47,500 $78,300
2017 $8,354 $145,900 $0 $0
2016 $8,349 $131,400 $47,500 $83,900
2015 -- $132,856 $52,272 $80,584
2014 -- $121,774 $121,774 $0
2013 -- $129,309 $129,309 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210018924

Realcomp

APN: I19-92-400-010-00