NOT LISTED FOR SALE

322 W Morrell St Jackson, MI 49203

Partnership Park Neighborhood

Estimated Value: $97,000 - $133,000

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

Last Sold August 09, 2017

Last sale price $44,000

Est. 166% increase in value since last sale

Current estimated payment $829/month

148 Days on Market

About This Home

As of August 2017

Investment opportunity - 3 unit generates $19,200 annual gross income, $1,600 per month. Unit 1 is a 1 BR lower unit of front house. Unit 2 is a 2BR upper unit of front house. Unit 3 is small home in back of upper/lower unit offering 2 BR. New roof on small house. Each unit has separate meters for gas and electric. Owner pays water/sewer & trash service.

Last Agent to Sell the Property

Heather Herndon

HOWARD HANNA REAL ESTATE SERVI License #6501335416 Listed on: 12/27/2016

HOWARD HANNA REAL ESTATE SERVI

Last Buyer's Agent

Kathy Byerly

ERA REARDON REALTY, L.L.C. License #6502372965

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,093

Year Built

  • Built in 1890

Lot Details

  • 5,663

Home Design

  • Aluminum Siding

Additional Features

  • 5,663 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Community Details

Overview

  • Moody's Ext Subdivision

Building Details

  • Operating Expense $3,319
  • Gross Income $19,200
  • Net Operating Income $35,748

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,093

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 49000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

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

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 19200.0
  • Net Operating Income: 35747.88
  • Operating Expense: 3319.12

Tax Info

  • Tax Annual Amount: 1093.21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2020
Sold by
Nkt Investments Llc
Bought by
Thacher Nancy and 322 W Morrll St Trust
Current Estimated Value
$116,909

Purchase Details

Listed on
Dec 27, 2016
Closed on
Aug 9, 2017
Sold by
Dbr Investments Llc
Bought by
Nkt Investments Llc
Seller's Agent
Heather Herndon
HOWARD HANNA REAL ESTATE SERVI
Buyer's Agent
Kathy Byerly
ERA REARDON REALTY, L.L.C.
Sold Price
$44,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.23%

Purchase Details

Closed on
May 6, 2011
Sold by
Stump Gloria J
Bought by
Dbr Investments Llc

Purchase Details

Closed on
Jul 10, 2008
Sold by
Citimortgage Inc
Bought by
The Secretary Of Housing & Urban Develop
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
Thacher Nancy -- None Available
Nkt Investments Llc $44,000 Attorney
Dbr Investments Llc $8,000 Liberty Title
The Secretary Of Housing & Urban Develop -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2017 08/09/17 Sold $44,000 -- --
05/24/2017 05/24/17 Pending -- -- --
Source: MichRIC

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 $2,663 $42,300 $0 $0
2024 $23 $38,800 $0 $0
2023 $1,974 $33,000 $0 $0
2022 $2,850 $26,900 $0 $0
2021 $1,325 $24,600 $0 $0
2020 $1,309 $22,550 $0 $0
2019 $1,274 $18,150 $0 $0
2018 $1,244 $18,150 $0 $0
2017 $1,097 $17,100 $0 $0
2016 $988 $17,700 $17,700 $0
2015 $1,120 $18,900 $18,900 $0
2014 $1,120 $18,050 $0 $0
2013 -- $18,050 $18,050 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Herndon

    Seller's Agent in 2017

    Heather Herndon

    HOWARD HANNA REAL ESTATE SERVI

    (517) 787-9800

    1 in this area

    753 Total Sales

    Heather Herndon
    Section Image
  • Kathy Byerly

    Buyer's Agent in 2017

    Kathy Byerly

    ERA REARDON REALTY, L.L.C.

    (517) 581-1623

    140 Total Sales

    Kathy Byerly
    Section Image
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Map

Source: MichRIC

MLS Number: 21035260

MichRIC

APN: 4-056900000

Michigan Jackson County Jackson 49203 Partnership Park

322 W Morrell St, Jackson, MI

Not Listed for Sale

MultiFamily

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