NOT LISTED FOR SALE

321 W Franklin St Jackson, MI 49201

Partnership Park Neighborhood

Estimated Value: $134,000 - $174,000

-- Bed
4 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold November 19, 2019

Last sale price $80,000

Est. 89% increase in value since last sale

Current estimated payment $1,083/month

3 Days on Market

About This Home

As of November 2019

Fully rented 4 unit building that is in excellent shape. Generating $2,400 a month in rents. New boiler spring of 2019. New roof 2017. Updated windows and vinyl siding. Owner currently pays utilities but each unit is metered separately for both gas and electric. This is a great opportunity, call today for more information.

Last Agent to Sell the Property

ALEX PERLOS

GOOD EARTH REAL ESTATE, LLC License #6501210977 Listed on: 09/24/2019

Co-Listed By

CHRISTOPHER SPICER

GOOD EARTH REAL ESTATE, LLC License #6501385374

Last Buyer's Agent

NON-MBR 'SOLD' NON-MBR 'SOLD'

NON-MEMBER REALTOR 'SOLD'

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $271

Year Built

  • Built in 1910

Lot Details

  • 5,663

Additional Features

  • Crawl Space
  • 5,663 Sq Ft Lot
  • Space Heater

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $1,400
  • Net Operating Income $3,400

Property Details

Home Type

Apartment

Est. Annual Taxes

$271

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 84900.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5662.8
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Net Operating Income: 3400.0
  • Number of Units Total: 4
  • Operating Expense: 1400.0

Tax Info

  • Tax Annual Amount: 271.23
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2019
Closed on
Nov 19, 2019
Sold by
Peyton Dolores J A and Peyton William
Bought by
Gehrke Adam
Seller's Agent
ALEX PERLOS
GOOD EARTH REAL ESTATE, LLC
Buyer's Agent
NON-MBR 'SOLD' NON-MBR 'SOLD'
NON-MEMBER REALTOR 'SOLD'
Sold Price
$80,000
Current Estimated Value
$151,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,486
Avg. Annual Appreciation
12.16%
Original Mortgage
$60,000
Outstanding Balance
$53,024
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$101,888
Source: Public Records

Range of Values:

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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
Gehrke Adam $80,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gehrke Adam $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2019 11/19/19 Sold $80,000 -- --
09/27/2019 09/27/19 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

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 $3,091 $52,100 $0 $0
2024 $2,674 $49,800 $0 $0
2023 $2,566 $42,900 $0 $0
2022 $3,424 $35,000 $0 $0
2021 $2,082 $31,950 $0 $0
2020 $2,057 $29,050 $0 $0
2019 $1,240 $20,500 $0 $0
2018 $1,183 $17,450 $0 $0
2017 $1,084 $16,900 $0 $0
2016 $944 $18,400 $18,400 $0
2015 $1,030 $17,700 $17,700 $0
2014 $1,030 $16,600 $0 $0
2013 -- $16,600 $16,600 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    ALEX PERLOS

    GOOD EARTH REAL ESTATE, LLC

  • C

    Seller Co-Listing Agent in 2019

    CHRISTOPHER SPICER

    GOOD EARTH REAL ESTATE, LLC

  • N

    Buyer's Agent in 2019

    NON-MBR 'SOLD' NON-MBR 'SOLD'

    NON-MEMBER REALTOR 'SOLD'

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21034950

Southwestern Michigan Association of REALTORS®

APN: 4-033800000

Michigan Jackson County Jackson 49201 Partnership Park

321 W Franklin St, Jackson, MI

This home is located at 321 W Franklin St, Jackson, MI 49201 since 24 September 2019 and is currently estimated at $151,486. This property was built in 1910. 321 W Franklin St is a home located in Jackson County with nearby schools including Middle School at Parkside, Jackson High School, and Francis Street Primary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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