NOT LISTED FOR SALE

Estimated Value: $126,042 - $154,000

4 Beds
4 Baths
1,976 Sq Ft
$70/Sq Ft Est. Value

Last Sold July 18, 2024

Last sale price $124,000 $63 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $957/month

4 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Forced Air Heating System

About This Home

As of July 2024

Welcome to 3221 State St, Saginaw, MI – an exceptional investment opportunity in the heart of Saginaw. This property presents a well-maintained duplex, offering two separate units, each comprising 2 bedrooms and 1.5 bathrooms. Unit 1 features comfortable living spaces and is currently leased at $625 per month. Unit 2 boasts the same layout with the added convenience of an attached half-bath. Generating $725 per month, this unit offers a higher rental return, contributing to a robust investment portfolio. Benefiting from a desirable location, this duplex is situated in a community with access to amenities, schools, and local attractions. Its proximity to key establishments ensures a steady flow of potential tenants, enhancing its investment appeal. With one tenant on a month-to-month lease and the other's lease expiring at the end of the year, this property provides flexibility for an investor seeking to maintain current rental arrangements or explore new opportunities. Don't miss out on this prime investment offering in Saginaw, MI. Whether you're a seasoned investor or just beginning to build your portfolio, 3221 State St promises both immediate returns and long-term potential.

Last Agent to Sell the Property

Renee Harvey

EXP Realty License #SBR-6506022569 Listed on: 06/12/2024

EXP Realty

Co-Listed By

Sarge Harvey

EXP Realty License #SBR-6506048740

Last Buyer's Agent

Shondra Wilkins

Mid-Mitten Realty License #SBR-6501445720

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1957

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40 x 131
  • Corner Lot

Parking

  • 3 Car Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Basement
  • Block Basement Construction
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 2 Units
  • View Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20 2773 00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,829

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Originating MLS: Saginaw Board of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2829
  • Total Tax Year: 2023
  • Year Built: 1957
  • Mail City: Saginaw
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 1976
  • Half Bathrooms: 2

Exterior Features

  • Construction: Brick
  • Exterior Features: Porch
  • Frontage: 40
  • Foundation Type: Basement

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 20 2773 00000
  • Location: Corner Lot
  • Lot Dimensions: 40 X 131
  • Acreage: 0.12
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $2,380.00
  • Winter Tax: Year: 2023, Amount: $449.00
  • Taxable Value: 40530
  • Total Tax: Year: 2023, Amount: $2,829.00
  • SEV Year: 2023

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Saginaw City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Jul 18, 2024
Sold by
Thompson Ivory S
Bought by
Peterson Damion and Peterson Christy
Seller's Agent
Renee Harvey
EXP Realty
Buyer's Agent
Shondra Wilkins
Mid-Mitten Realty
List Price
$139,000
Sold Price
$124,000
Premium/Discount to List
-$15,000
-10.79%
Views
22
Current Estimated Value
$137,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,761
Avg. Annual Appreciation
10.04%
Original Mortgage
$93,000
Outstanding Balance
$91,964
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$45,797

Purchase Details

Listed on
Jun 12, 2024
Closed on
Jul 15, 2024
Sold by
Thompson Ivory S
Bought by
Peterson Damion and Peterson Christy
Seller's Agent
Renee Harvey
EXP Realty
Buyer's Agent
Shondra Wilkins
Mid-Mitten Realty
List Price
$139,000
Sold Price
$124,000
Premium/Discount to List
-$15,000
-10.79%
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Outstanding Balance
$91,964
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$45,797

Purchase Details

Listed on
Nov 2, 2022
Closed on
Dec 21, 2022
Sold by
N18 Holdings Llc
Bought by
Thompson Ivory S
Seller's Agent
Julie Williams
Real Estate One Great Lakes Bay
Buyer's Agent
Renee Harvey
EXP Realty
List Price
$74,900
Sold Price
$87,000
Premium/Discount to List
$12,100
16.15%
Views
26

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.50%
Original Mortgage
$69,700
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2021
Sold by
Great Lakes Bay Properties Llc
Bought by
N18 Holdings Llc

Purchase Details

Closed on
Nov 27, 2018
Sold by
Yalamarthy Neelkirn
Bought by
Great Lakes Bay Props Llc

Purchase Details

Listed on
May 16, 2016
Closed on
Aug 12, 2016
Sold by
Federal National Mortgage Association and Fannie Mae
Bought by
Yalamarthy Neelkiran and Yalamarthy Y
Seller's Agent
Paul Wellman
RE/MAX New Image
Buyer's Agent
Loraine Davila
Mid-Michigan Realty
List Price
$51,000
Sold Price
$42,900
Premium/Discount to List
-$8,100
-15.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.78%

Purchase Details

Closed on
Feb 1, 2016
Sold by
Independent Bank
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 30, 2015
Sold by
Neiderquill Joyce M and Neiderquill Joyce M
Bought by
Independent Bank

Purchase Details

Closed on
Dec 11, 2002
Sold by
Braun Brian J and Braun Sandra L
Bought by
Neiderquill Richard T and Neiderquill Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,342
Interest Rate
6.13%

Purchase Details

Closed on
Feb 27, 1995
Sold by
Moore Gerald E and Moore Gerald E
Bought by
Braun Brian J

Purchase Details

Closed on
Feb 17, 1993
Sold by
Nordin Richard and Nordin Sondra K
Bought by
Moore Gerald E and Moore Ii Gerald E

Purchase Details

Closed on
Jun 19, 1991
Sold by
Kruska Thomas A
Bought by
Moore Gerald E and Moore Ii Gerald E
Source: Public Records

Range of Values:

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Average Value
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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
Peterson Damion $124,000 Diversified National Title
Peterson Damion $124,000 Diversified National Title
Peterson Damion $124,000 Diversified National Title
Thompson Ivory S $87,000 Diversified National Title
N18 Holdings Llc -- None Listed On Document
Great Lakes Bay Props Llc -- None Available
Yalamarthy Neelkiran $42,900 --
Federal National Mortgage Association $133 --
Independent Bank $42,800 --
Neiderquill Richard T $64,800 --
Neiderquill Richard T $64,825 Cornerstone Title Inc
Braun Brian J $55,000 --
Moore Gerald E $45,000 --
Moore Gerald E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Damion $93,000
Closed Peterson Damion $93,000
Previous Owner Thompson Ivory S $69,700
Previous Owner N18 Holdings Llc $60,000
Previous Owner Yalamarthy Neelkiran $37,100
Previous Owner Neiderquill Joyce M $61,600
Previous Owner Neiderquill Richard T $58,342
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2024 07/18/24 Sold $124,000 -10.8% $63 / Sq Ft
06/16/2024 06/16/24 Pending -- -- --
06/12/2024 06/12/24 For Sale $139,000 +59.8% $70 / Sq Ft
12/28/2022 12/28/22 Sold $87,000 -8.3% $44 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/08/2022 11/08/22 Price Changed $94,900 +26.7% $48 / Sq Ft
11/02/2022 11/02/22 For Sale $74,900 +74.6% $38 / Sq Ft
08/12/2016 08/12/16 Sold $42,900 -15.9% $22 / Sq Ft
07/27/2016 07/27/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $51,000 -- $26 / Sq Ft
Source: Michigan Multiple Listing Service

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 $2,479 $48,300 $0 $0
2024 $2,479 $44,500 $0 $0
2023 $2,380 $38,600 $0 $0
2022 $2,398 $34,400 $0 $0
2021 $2,256 $32,100 $0 $0
2020 $2,252 $30,500 $0 $0
2019 $2,481 $29,700 $1,000 $28,700
2018 $1,745 $31,614 $0 $0
2017 $2,059 $31,850 $0 $0
2016 $2,332 $30,174 $0 $0
2014 -- $30,623 $0 $29,656
2013 -- $33,305 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50145051

Michigan Multiple Listing Service

APN: 92002773000000