NOT LISTED FOR SALE
7 Beds
4 Baths
-- Sq Ft
1958 Built

Sale Details

Date Sold: November 21, 2023

Last sale price $240,000

7 Days on Market

About This Home

As of November 2023

Four unit ranch apartment building with great unit mix. (3) 2 bedroom units and (1) one bedroom unit. Property needs some TLC, rents are far below market value. Two bedroom market rent is $1,000+ and the one bedroom market rent is $900+. Tenants pay their own heat and electric. One of the 2 bedroom units is vacant which could be an owner occupied opportunity!

Last Agent to Sell the Property

Tara Mathew

Prime Equities Corp License #471010016 Listed on: 07/17/2023

Last Buyer's Agent

Robert Kroll

808 Realty License #471005987

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,668

Year Built

  • Built in 1958

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 6 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking
  • Parking Space is Owned

Schools

  • Spaulding Elementary School
  • Central Park Elementary Middle School
  • Bremen High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • 1-Story Property
  • Lot Dimensions are 100x87x53x38x47

Community Details

Overview

  • 4 Units
  • Ranch

Building Details

  • Insurance Expense $2,000
  • Trash Expense $2,416
  • Water Sewer Expense $3,058

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,668

Year Built

Built in 1958

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1958
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 6
  • Number of Cars: 6
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Trash Expense: 2416
  • Water Sewer Expenses: 3058
  • Trash Expense Year: 2021

Schools

  • Elementary School: Spaulding School
  • High School: Bremen High School
  • Middle/Junior School: Central Park Elementary School

Lot Info

  • Lot Dimensions: 100X87X53X38X47
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 20

Multi Family

  • Insurance Expense: 2000
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Tax Info

  • Tax Annual Amount: 11667.8
  • Tax Year: 2021
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 18, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
9.38%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jan 31, 2015
Closed on
Mar 17, 2015
Sold by
Bought by
Seller's Agent
Jonathan Borkowsky
Real People Realty, Inc.
Buyer's Agent
Austin Goodman
Fulton Grace Realty
List Price
$214,900
Sold Price
$195,000
Premium/Discount to List
-$19,900
-9.26%

Purchase Details

Closed on
May 21, 2012
Sold by
Bought by

Purchase Details

Closed on
Mar 24, 2011
Sold by
Bought by

Purchase Details

Closed on
Jul 7, 2008
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,200
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 10, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 2, 2004
Sold by
Bought by

Purchase Details

Closed on
Nov 8, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,910
Interest Rate
9.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 28, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,700
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,800
Interest Rate
6.87%

Purchase Details

Closed on
Apr 16, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,800
Interest Rate
6.87%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$240,000 First American Title
$195,000 Stewart Title
-- None Available
$56,000 Git
-- Git
$278,000 First American Title
-- --
$110,000 First American Title
-- --
$130,000 --
-- --
-- First American Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $180,000
Previous Owner $250,200
Previous Owner $116,910
Previous Owner $137,700
Previous Owner $276,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/21/2023 11/21/23 Sold $240,000 -19.7% --
07/25/2023 07/25/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $299,000 +53.3% --
03/18/2015 03/18/15 Sold $195,000 -9.3% -- View Prior Sale
03/02/2015 03/02/15 Pending -- -- --
01/31/2015 01/31/15 For Sale $214,900 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,839 $26,000 $2,420 $23,580
2024 $9,839 $26,000 $2,420 $23,580
2023 $12,136 $26,000 $2,420 $23,580
2022 $12,136 $25,831 $2,074 $23,757
2021 $11,668 $25,831 $2,074 $23,757
2020 $11,112 $25,831 $2,074 $23,757
2019 $9,720 $22,380 $1,901 $20,479
2018 $9,567 $22,380 $1,901 $20,479
2017 $9,220 $22,380 $1,901 $20,479
2016 $7,244 $16,884 $1,728 $15,156
2015 $7,083 $16,884 $1,728 $15,156
2014 $6,874 $16,884 $1,728 $15,156
2013 $5,599 $15,304 $1,728 $13,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11833869

Midwest Real Estate Data (MRED)
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