NOT LISTED FOR SALE

323 Broadway Niles, MI 49120

Estimated Value: $283,757

Studio
6 Baths
-- Sq Ft
5,793 Sq Ft Lot

Last Sold July 01, 2020

Last sale price $120,000

Est. 136% increase in value since last sale

Current estimated payment $2,034/month

4 Days on Market

Highlights

  • 1 Fireplace
  • Window Unit Cooling System
  • High Speed Internet
  • Corner Lot: Yes
  • Baseboard Heating
  • 4-minute walk to Orchard Park

About This Home

As of July 2020

Great location! High traffic corner lot with commercial opportunity in the Central Business District near the river. This 6 unit, multi family rental building currently has 3 of 6 units rented. Brand NEW ROOF!! Units 1, 4 and 5 are vacant and available to see. The rented units many not be viewed per Covid-19 tenant rights. All tenants are month to month right now. Rent for these units per month is as follows: Unit 1, $600. Unit 2, $450. Unit 3, $350. Unit 4, $450. Unit 5, $600. Unit 6, $600.

Last Agent to Sell the Property

Alison Plaisier

Cressy & Everett Real Estate License #6506047750 Listed on: 05/23/2020

Cressy & Everett Real Estate

Last Buyer's Agent

Jennifer Inman

Red Shoe Realty License #6506045699

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1800

Lot Details

  • 5,793 Sq Ft Lot
  • Lot Dimensions are 66x68
  • Corner Lot: Yes

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Partial Basement

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Baseboard Heating
  • Individual Gas Meter
  • High Speed Internet
  • Internet Available
  • Phone Connected
  • Cable TV Available

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water

Property Details

Home Type

Multi-Family

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1800
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 41.58
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x68
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 6
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Heat Type:Baseboard: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 125000.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Baseboard, Electric, None
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 66x68
  • Lot Size Sq Ft: 5793.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2022
Sold by
Green Tide Llc
Bought by
3H Properties Llc
Current Estimated Value
$283,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Outstanding Balance
$149,198
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$134,559

Purchase Details

Listed on
May 23, 2020
Closed on
Jul 31, 2020
Sold by
Marilyn Willard
Bought by
Green Tide Llc
Seller's Agent
Alison Plaisier
Cressy & Everett Real Estate
Buyer's Agent
Jennifer Inman
Red Shoe Realty
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.87%
Original Mortgage
$90,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
May 23, 2020
Closed on
Jun 29, 2020
Sold by
Willard Marilyn
Bought by
Green Tide Llc
Seller's Agent
Alison Plaisier
Cressy & Everett Real Estate
Buyer's Agent
Jennifer Inman
Red Shoe Realty
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2014
Sold by
3C Investments Llc
Bought by
Willard Marilyn

Purchase Details

Closed on
Oct 12, 2011
Sold by
3C Investments Llc
Bought by
Willard Marilyn

Purchase Details

Closed on
Oct 13, 2008
Sold by
Fietzek Dale T and Fietzek Hazel J
Bought by
3C Investments Llc

Purchase Details

Closed on
Mar 9, 2000

Purchase Details

Closed on
Feb 22, 2000

Purchase Details

Closed on
Nov 12, 1997
Sold by
Wells Alton T and Wells Lorraine V
Bought by
Fietzek Dale T and Fietzek Hazel J

Purchase Details

Closed on
Sep 1, 1987
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
3H Properties Llc $235,000 Patrick Abstract And Title Off
Green Tide Llc $120,000 Chicago Title
Green Tide Llc $120,000 Chicago Title Of Mi Inc
Willard Marilyn $85,000 Attorney
Willard Marilyn -- None Available
3C Investments Llc $102,500 Meridian Title Corp
-- $2,200 --
-- -- --
Fietzek Dale T -- Mtc
-- $54,000 --
-- $54,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3H Properties Llc $154,000
Previous Owner Green Tide Llc $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2020 07/01/20 Sold $120,000 -4.0% --
05/27/2020 05/27/20 Pending -- -- --
05/23/2020 05/23/20 For Sale $125,000 -- --
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 $6,607 $116,100 $0 $0
2024 $3,442 $119,400 $0 $0
2023 $3,300 $110,100 $0 $0
2022 $1,313 $43,800 $0 $0
2021 $3,205 $55,500 $5,400 $50,100
2020 $2,212 $40,400 $0 $0
2019 $2,232 $36,000 $5,800 $30,200
2018 $2,165 $36,000 $0 $0
2017 $2,213 $37,600 $0 $0
2016 $2,763 $49,000 $0 $0
2015 $2,755 $49,000 $0 $0
2014 $1,403 $47,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 20018240

MichRIC

APN: 11-72-4560-0049-00-7