NOT LISTED FOR SALE

362 E 1st St Imlay City, MI 48444

Imlay City Neighborhood

Estimated Value: $303,000 - $332,222

9 Beds
4 Baths
3,500 Sq Ft
$91/Sq Ft Est. Value

Last Sold June 25, 2019

Last sale price $173,000 $49 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,191/month

16 Days on Market

Highlights

  • 1-Story Property
  • Ceiling Fan
  • 1-minute walk to Rotary Park
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of June 2019

Wonderful investment property in convenient location, close to M-53 and I-69. These units are easy to rent, 3 two bedroom units and 1 three bedroom unit. Large shared backyard. New furnaces in 2016, newer roof. Unit #1 was redone in 2019, new carpet, paint. New siding on front in 2019. Each unit has its own parking spaces. Currently managed by a management company.

Last Agent to Sell the Property

Jennifer Duncan

Wedgewood Realty Services License #6502403130 Listed on: 05/06/2019

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 94 x 200 x 80 x 199

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 3,500 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors
  • Unfinished Basement

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number I199860200000

Community Details

Overview

  • 4 Units
  • City Of Imlay City Ri Engles' Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 1 Story
  • Assessment: 11.21
  • Year Built: 1960
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable Available, Carbon Monoxide Alarm(s), High Spd Internet Avail
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3500
  • Total Sq Ft: 3500
  • Sq Ft Total Bsmt: 2000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Aluminum, Brick Veneer (Brick Siding), Vinyl
  • Exterior Features: Lighting
  • Foundation Materials: Block
  • Frontage Feet: 94
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Imlay City

Lot Info

  • List Price per Acre: 418604.6512
  • Lot Size Area: 0.43
  • Lot Dimensions: 94 x 200 x 80 x 199
  • Parcel Number: I199860200000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2200

Tax Info

  • Tax Amount Summer: 3913.0000
  • Tax Amount Winter: 571.0000
  • Total Tax: 4484.0000

Multi Family

  • Gross Scheduled Income: 26400.00
  • Number Of Units Total: 4
  • Unit Count: 4
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 3
  • Number Of Units Leased: 4

MLS Schools

  • School District: Imlay City

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2019
Closed on
Jun 25, 2019
Sold by
Jenkins Christopher D and Jenkins Rosalinda N
Bought by
Barajas Daniel R
Seller's Agent
Jennifer Duncan
Wedgewood Realty Services
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$180,000
Sold Price
$173,000
Premium/Discount to List
-$7,000
-3.89%
Current Estimated Value
$296,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,893
Avg. Annual Appreciation
10.40%
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
Barajas Daniel R $173,000 Liberty Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2019 06/25/19 Sold $173,000 -3.9% $49 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
05/06/2019 05/06/19 For Sale $180,000 0.0% $51 / Sq Ft
10/31/2016 10/31/16 Rented $650 0.0% --
10/06/2016 10/06/16 For Rent $650 +18.2% --
09/27/2016 09/27/16 Rented $550 0.0% --
09/21/2016 09/21/16 Under Contract -- -- --
09/01/2016 09/01/16 For Rent $550 +22.2% --
01/04/2016 01/04/16 Rented $450 -18.2% --
01/03/2016 01/03/16 Under Contract -- -- --
11/26/2015 11/26/15 For Rent $550 -8.3% --
01/15/2015 01/15/15 Rented $600 0.0% --
01/15/2015 01/15/15 Under Contract -- -- --
11/14/2014 11/14/14 For Rent $600 +33.3% --
07/21/2014 07/21/14 Rented $450 0.0% --
06/23/2014 06/23/14 Under Contract -- -- --
06/05/2014 06/05/14 For Rent $450 -18.2% --
03/12/2014 03/12/14 Rented $550 0.0% --
03/12/2014 03/12/14 Under Contract -- -- --
02/04/2014 02/04/14 For Rent $550 0.0% --
12/03/2013 12/03/13 Rented $550 0.0% --
12/03/2013 12/03/13 Under Contract -- -- --
11/21/2013 11/21/13 For Rent $550 -6.8% --
04/10/2013 04/10/13 Rented $590 -9.2% --
12/10/2012 12/10/12 Under Contract -- -- --
10/08/2012 10/08/12 For Rent $650 -- --
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 $6,781 $164,600 $0 $0
2023 $6,482 $149,100 $0 $0
2022 $7,242 $121,900 $0 $0
2021 $6,931 $112,000 $0 $0
2020 $6,870 $108,300 $0 $0
2019 $4,715 $113,000 $0 $0
2018 $4,485 $101,100 $101,100 $0
2017 $4,401 $96,600 $0 $0
2016 $4,399 $89,100 $89,100 $0
2015 -- $0 $0 $0
2014 -- $69,290 $69,290 $0
2013 -- $66,865 $66,865 $0
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Duncan

    Seller's Agent in 2019

    Jennifer Duncan

    Wedgewood Realty Services

    (248) 495-6415

    30 Total Sales

    Section Image

  • N

    Buyer's Agent in 2019

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2019

    Unidentified Agent

    Unidentified Office

  • P

    Seller's Agent in 2016

    Paulette Russ

    Temporary Inactive Users

  • R

    Buyer's Agent in 2015

    Robert Wolf

    Coldwell Banker Professionals

    (810) 664-0430

    7 Total Sales

    Section Image

  • D

    Seller's Agent in 2014

    Dora Bianchini

    Temporary Inactive Users

See All Agents

Map

Source: Realcomp

MLS Number: 219041632

Realcomp

APN: I19-98-602-000-00

Michigan Lapeer County Imlay City 48444 Imlay City

362 E 1st St, Imlay City, MI

This home is located at 362 E 1st St, Imlay City, MI 48444 since 06 May 2019 and is currently estimated at $317,306, approximately $90 per square foot. This property was built in 1960. 362 E 1st St is a home located in Lapeer County with nearby schools including Weston Elementary School, Borland Elementary School, and Imlay City Middle School.

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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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