$775,000
SOLD AUG 11, 2025

3231 Ray Rd Fenton, MI 48430

8 Beds
5 Baths
3,477 Sq Ft
21.59 Acres

Recently Sold

$223 Per Sq Ft

19% Above List Price

1,013 Days on Market

Highlights

  • 21.59 Acre Lot
  • Forced Air Heating System
  • Hot Water Heating System
  • Farmhouse Style Home

About This Home

As of August 2025

Five (5) unit apartment building on 21.59 acres with room for expansion. This property also has a 5,000 sq pole barn that has a concrete floor, electricity, spray foam insulation ($30,000), a bathroom, and an office. The pole barn is not rented and can provide extra income of approximately $2,500.00 per month. For additional income, there is also a billboard which currently receives $750.00 per month for one side and $4,500.00 per year for the other. In addition to that, this 21.59 acre property has approximately 1,385 feet of frontage on US-23, and approximately 20 acres for farming with income of approximately $900.00 per year. Some updates in the farmhouse include some new flooring, bathroom tile and paint. This is an excellent investment opportunity. CITY WATER IS COMING TO THOMPSON RD THIS SUMMER & TORREY RD NEXT SUMMER! DO NOT DISTURB THE TENANTS! ALL RESIDENTIAL UNITS ARE OCCUPIED! NO SHOWINGS WITHOUT AN ACCEPTED OFFER. All information is estimated and should be verified.

Last Agent to Sell the Property

David Misko

Van Esley Real Estate Inc License #6501351778 Listed on: 01/24/2022

Last Buyer's Agent

David Misko

Van Esley Real Estate Inc License #6501351778 Listed on: 01/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900 | Remodeled in 2021

Lot Details

  • 21.59 Acre Lot
  • Lot Dimensions are 435 x 1385 x 679 x 1133 x 165 x 263

Home Design

  • Duplex
  • Farmhouse Style Home
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 5 Full Bathrooms
  • 3,477 Sq Ft Home
  • 1.5-Story Property
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Propane

Listing and Financial Details

  • Assessor Parcel Number 0603200022

Community Details

Overview

  • 5 Units

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,552

Year Built

Built in 1900 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex, Farmhouse
  • Architecture Level: 1 1/2 Story
  • Year Built: 1900
  • State Equalized Value: 180900.0000
  • Year Renovated: 2021
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Sq Ft Combined: 3477
  • Total Sq Ft: 3477

Exterior Features

  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Foundation Materials: Block
  • Frontage Feet: 435
  • Road Frontage Type: Gravel
  • Sideof Street: S

Utilities

  • Heating Fuel: Propane
  • Heating: Forced Air, Hot Water
  • Sewer: Septic Tank (Existing)
  • Water Source: Well (Existing)

Fee Information

  • Operating Expense: 16420.00

Schools

  • School District: Lake Fenton

Lot Info

  • Lot Size Area: 21.59
  • Lot Dimensions: 435 x 1385 x 679 x 1133 x 165 x 263
  • Parcel Number: 0603200022
  • Zoning: Agricultural
  • Percent Homestead Exempt: Yes

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 7325

Tax Info

  • Tax Amount Summer: 1779.0000
  • Tax Amount Winter: 4773.0000
  • Total Tax: 6552.0000
  • Taxable Value: 154171.0000

Multi Family

  • Gross Scheduled Income: 89700.00
  • Number Of Units Total: 5
  • Unit Count: 5
  • Number of One Bedroom Units: 3
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 5

MLS Schools

  • School District: Lake Fenton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2017
Sold by
Hoover Gergory L and Hoover Linda M
Bought by
Glh & Lmh Llc
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Quit Claim Deed -- Transnation Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $427,978 Unknown
Previous Owner $1,510,695 Unknown
Previous Owner $907,795 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 Sold $775,000 -8.8% $223 / Sq Ft
11/03/2024 11/03/24 Pending -- -- --
04/28/2022 04/28/22 Price Changed $850,000 +30.8% $244 / Sq Ft
03/08/2022 03/08/22 For Sale $650,000 0.0% $187 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
01/24/2022 01/24/22 For Sale $650,000 -- $187 / 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
2024 $2,017 $236,300 $0 $0
2023 $1,924 $211,600 $0 $0
2022 $6,706 $201,800 $0 $0
2021 $6,677 $180,900 $0 $0
2020 $1,760 $176,000 $0 $0
2019 $1,732 $167,700 $0 $0
2018 $6,302 $159,300 $0 $0
2017 $6,008 $160,600 $0 $0
2016 $5,970 $156,800 $0 $0
2015 $5,911 $145,600 $0 $0
2014 $1,597 $138,800 $0 $0
2012 -- $143,000 $143,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220004051

Realcomp

APN: 06-03-200-022