NOT LISTED FOR SALE

347 N Broadway St Lake Orion, MI 48362

Estimated Value: $338,039 - $444,000

4 Beds
2 Baths
2,266 Sq Ft
$171/Sq Ft Est. Value

Last Sold December 06, 2021

Last sale price $240,000 $106 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,655/month

15 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Programmable Thermostat
  • Blanche Sims Elementary School Rated A-
  • Covered Patio or Porch
  • 1-minute walk to Meeks Park

About This Home

As of December 2021

Classic colonial located in the heart of Lake Orion in walking distance to downtown. The home is located in a quiet neighborhood and features 2 units that are currently rented out. The perfect first time buyer investment property or an investors next gem. Unlimited possibilities: the home can be used as an investment property or for the buyer to live in one unit and to lease out the second unit. If desired the home can be converted into a one unit. Each unit has 2 bedrooms/ 1 bath. The interior has been painted in the last 24 months. The first floor has laminate floors throughout. The second floor has newer carpet in stalled in 2018. Crawlspace was encapsulated by Foundation Systems of Michigan in 2017. The deck has been renovated in 2019. New washers and dryers in both units.

Please do not disturb tenants. Do not walk the premises under any circumstance. No sign on property.

Last Agent to Sell the Property

Tony Turcanu

Showtime Realty License #6501430278 Listed on: 10/13/2021

Showtime Realty

Last Buyer's Agent

Julie Perkins

Berkshire Hathaway HomeServices Kee Realty Oxford License #6501309329

Berkshire Hathaway HomeServices Kee Realty Oxford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1890

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 62.00x132.00

Home Design

  • Duplex
  • Colonial Architecture
  • Italianate Architecture
  • Block Foundation
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,266 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors

Bedrooms and Bathrooms

  • 2 Full Bathrooms
  • Dual Flush Toilets

Basement

  • Walk-Up Access
  • Interior Basement Entry
  • Crawl Space

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0902433005

Community Details

Overview

  • 2 Units
  • Hemingway's Plat Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,567

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Duplex, Italianate
  • Architecture Level: 2 Story
  • Year Built: 1890
  • State Equalized Value: 108420.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Carbon Monoxide Alarm(s), Dual-Flush Toilet(s), High Spd Internet Avail, Programmable Thermostat
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Type: Interior Entry (Interior Access), Walk-Up Access
  • Sq Ft Combined: 2266
  • Total Sq Ft: 2266

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Michigan Basement
  • Construction Materials: Vinyl, Wood
  • Foundation Materials: Block, Stone
  • Porch Type: Porch - Covered, Deck, Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric, Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Lake Orion

Lot Info

  • Lot Size Area: 0.18
  • Lot Dimensions: 62.00X132.00
  • Parcel Number: 0902433005
  • Zoning: Residential
  • Percent Homestead Exempt: Yes

Rental Info

  • Rent Includes: Water/Sewer, Trash Collection (Garbage Pickup), Water
  • Monthly Rental Income: 2000

Tax Info

  • Tax Amount Summer: 3890.0000
  • Tax Amount Winter: 677.0000
  • Total Tax: 4567.0000
  • Taxable Value: 91410.0000

Multi Family

  • Gross Scheduled Income: 24000.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Lake Orion

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2021
Closed on
Dec 6, 2021
Sold by
Spencer Scull Justin
Bought by
Mlb Properties Llc
Seller's Agent
Tony Turcanu
Showtime Realty
Buyer's Agent
Julie Perkins
Berkshire Hathaway HomeServices Kee Realty Oxford
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%
Current Estimated Value
$388,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,260
Avg. Annual Appreciation
13.61%

Purchase Details

Listed on
Apr 7, 2016
Closed on
Jul 19, 2016
Sold by
Schultz Ii Henry George and Schultz Dawn Marie
Bought by
Scull Justin Spencer
Seller's Agent
Thomas Carroll
Discover Real Estate
Buyer's Agent
Krista Jelsky
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%
Original Mortgage
$142,500
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2003
Sold by
Frick Gergerge and Frick Martin
Bought by
Friendship Mortgage Co

Purchase Details

Closed on
Aug 14, 2003
Sold by
Frick Gerberge Uta
Bought by
Schultz Ii Henry George and Williams D Todd
Source: Public Records

Range of Values:

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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
Mlb Properties Llc $240,000 Premier Title
Scull Justin Spencer $150,000 Cislo Title Co
Friendship Mortgage Co $68,514 --
Schultz Ii Henry George $185,640 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Scull Justin Spencer $131,000
Previous Owner Scull Justin Spencer $142,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2021 12/06/21 Sold $240,000 -9.4% $106 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
10/13/2021 10/13/21 For Sale $265,000 +76.7% $117 / Sq Ft
07/19/2016 07/19/16 Sold $150,000 +0.1% $71 / Sq Ft
06/07/2016 06/07/16 Pending -- -- --
06/01/2016 06/01/16 Price Changed $149,900 -6.3% $71 / Sq Ft
04/07/2016 04/07/16 For Sale $159,900 0.0% $76 / Sq Ft
09/16/2015 09/16/15 Rented $895 0.0% --
09/08/2015 09/08/15 Under Contract -- -- --
08/10/2015 08/10/15 For Rent $895 +11.9% --
02/16/2015 02/16/15 Rented $800 -5.9% --
01/29/2015 01/29/15 Under Contract -- -- --
09/23/2014 09/23/14 For Rent $850 -5.0% --
06/09/2014 06/09/14 Rented $895 0.0% --
05/13/2014 05/13/14 Under Contract -- -- --
04/30/2014 04/30/14 For Rent $895 +15.5% --
03/31/2014 03/31/14 Rented $775 -18.4% --
03/26/2014 03/26/14 Under Contract -- -- --
12/10/2013 12/10/13 For Rent $950 +11.8% --
02/01/2013 02/01/13 Rented $850 -5.0% --
01/19/2013 01/19/13 Under Contract -- -- --
12/13/2012 12/13/12 For Rent $895 -- --
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 $7,031 $152,970 $0 $0
2023 $6,638 $128,550 $0 $0
2022 $7,082 $112,810 $0 $0
2021 $4,571 $108,420 $0 $0
2020 $3,858 $102,210 $0 $0
2019 $3,219 $92,390 $0 $0
2018 $4,335 $85,860 $0 $0
2017 $4,231 $85,860 $0 $0
2016 $4,315 $81,260 $0 $0
2015 -- $74,520 $0 $0
2014 -- $66,160 $0 $0
2011 -- $60,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tony Turcanu

    Showtime Realty

    Section Image
  • Julie Perkins

    Buyer's Agent in 2021

    Julie Perkins

    Berkshire Hathaway HomeServices Kee Realty Oxford

    (248) 762-2119

    10 in this area

    41 Total Sales

    Julie Perkins
    Section Image

  • T

    Seller's Agent in 2016

    Thomas Carroll

    Discover Real Estate

    (248) 880-6843

    2 in this area

    9 Total Sales

    Thomas Carroll
    Section Image
  • Krista Jelsky

    Buyer's Agent in 2016

    Krista Jelsky

    (586) 918-0900

    4 in this area

    240 Total Sales

    Krista Jelsky
    Section Image

  • R

    Seller's Agent in 2015

    Rick Pauwels

    North Bloomfield Properties

    (248) 409-2689

    1 in this area

    11 Total Sales

    Rick Pauwels
    Section Image

  • M

    Buyer's Agent in 2015

    Matthew Blasses

    Mutual Realty, LLC

See All Agents

Map

Source: Realcomp

MLS Number: 2210085638

Realcomp

APN: 09-02-433-005

Michigan Oakland County Lake Orion 48362

347 N Broadway St, Lake Orion, MI

This home is located at 347 N Broadway St, Lake Orion, MI 48362 since 13 October 2021 and is currently estimated at $388,260, approximately $171 per square foot. This property was built in 1890. 347 N Broadway St is a home located in Oakland County with nearby schools including Blanche Sims Elementary School, Oakview Middle School, and Lake Orion Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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