NOT LISTED FOR SALE

Estimated Value: $332,000 - $645,000

5 Beds
2 Baths
987 Sq Ft
$498/Sq Ft Est. Value

Last Sold April 07, 2014

Last sale price $71,600 $73 Per Sq Ft

Est. 586% increase in value since last sale

Current estimated payment $3,134/month

290 Days on Market

Highlights

  • Detached Garage
  • Enclosed Patio or Porch
  • Two Heating Systems

About This Home

As of April 2014

SHORT SALE! VERY NICE BRICK 2 UNIT BUILDING WITH A 2 CAR GARAGE; 1ST FLOOR W/ 2 BEDRMS. KITCHEN,& LIVINGROOM; 2ND FLOOR 3 BEDROOS KITCHEN, LIVING RM. & DINING RM. STEPS TO MC KINLEY PARK

Last Agent to Sell the Property

Kirby Pearson

Pearson Realty Group License #471002409 Listed on: 04/02/2013

Pearson Realty Group

Co-Listed By

Aaron Greenberg

Kale Realty License #475155485

Last Buyer's Agent

So Yin Ng

Goodland Realty Inc. License #471002880

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $6,760

Lot Details

  • 3,136

Parking

  • Detached Garage

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Slab Foundation

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Two Heating Systems
  • Forced Air Heating System
  • Heating System Uses Gas
  • Lake Michigan Water

Community Details

  • Net Operating Income $13,310

Property Details

Home Type

Other

Est. Annual Taxes

$6,760

Lot Details

0

Parking

2

Listing Details

  • Property Type: Two to Four Units
  • Type-Multi: 2 Flat
  • Built Before 1978 (Y/N): Yes
  • Architectural Style: Cape Cod
  • Special Features: 12

Interior Features

  • Number Of Rooms: 10
  • Equipment: Ceiling Fan
  • Basement: Slab
  • Bedrooms All Levels: 5
  • Additional Rooms: Enclosed Porch

Exterior Features

  • Roof: Asphalt/Glass (Shingles)
  • Foundation: Brick, Concrete
  • Lot Size: Less Than .25 Acre
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 2
  • Parking: Garage
  • Garage Type: Detached
  • Garage On Site: Yes
  • Number Garage Spaces: 2

Utilities

  • Water: Lake Michigan, Public
  • Sewer: Sewer-Public
  • Heating Fuel: Gas, Forced Air, 2+ Sep Heating Systems

Fee Information

  • Gross Expenses: 1290

Schools

  • Junior High Dist: 299

Lot Info

  • Lot Dimensions: 25X125

Rental Info

  • Gross Rental Income: 15600
  • Total Rental Income: 15600

Multi Family

  • Total Number Unitsin Building: 2
  • Three Bedroom Number of Units: Yes
  • Full Baths In Building: 2
  • Net Operating Income: 13310

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2015
Sold by
Tam Yau Pang
Bought by
Huang Rui Huan
Current Estimated Value
$491,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Outstanding Balance
$48,737
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$442,368

Purchase Details

Listed on
Apr 2, 2013
Closed on
Mar 19, 2014
Sold by
Paredes Armando and Paredes Maria Guadalupe
Bought by
Tam Yau Pang
Seller's Agent
Kirby Pearson
Pearson Realty Group
Buyer's Agent
So Yin Ng
Goodland Realty Inc.
List Price
$101,700
Sold Price
$71,600
Premium/Discount to List
-$30,100
-29.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.12%

Purchase Details

Closed on
Feb 21, 2008
Sold by
Vega Reynaldo and Vega Josefina
Bought by
Paredes Armando and Paredes Maria Guadalupe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 18, 2002
Sold by
Vega Pedro and Vega Maria
Bought by
Vega Reynaldo and Vega Josefina

Purchase Details

Closed on
Jun 17, 1996
Sold by
Babul Maria Donna
Bought by
Vega Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
8.07%
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
Huang Rui Huan $345,000 Cti
Tam Yau Pang $72,000 First American Title
Paredes Maria Guadalupe -- First American Title
Paredes Armando $270,000 First American Title Ins Co
Vega Reynaldo -- --
Vega Pedro $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huang Rui Huan $133,000
Previous Owner Paredes Armando $216,000
Previous Owner Vega Pedro $47,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2014 04/07/14 Sold $71,600 0.0% $73 / Sq Ft
01/17/2014 01/17/14 Pending -- -- --
01/15/2014 01/15/14 Price Changed $71,600 -20.9% $73 / Sq Ft
01/10/2014 01/10/14 Price Changed $90,500 -11.0% $92 / Sq Ft
01/10/2014 01/10/14 For Sale $101,700 0.0% $103 / Sq Ft
10/28/2013 10/28/13 Price Changed $101,700 +7.4% $103 / Sq Ft
08/26/2013 08/26/13 Pending -- -- --
08/16/2013 08/16/13 For Sale $94,700 0.0% $96 / Sq Ft
06/25/2013 06/25/13 Pending -- -- --
06/12/2013 06/12/13 Price Changed $94,700 -16.9% $96 / Sq Ft
05/07/2013 05/07/13 For Sale $113,900 0.0% $115 / Sq Ft
04/25/2013 04/25/13 Pending -- -- --
04/23/2013 04/23/13 Price Changed $113,900 -7.8% $115 / Sq Ft
04/02/2013 04/02/13 For Sale $123,500 -- $125 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $6,760 $48,001 $9,688 $38,313
2023 $6,553 $37,837 $7,813 $30,024
2022 $6,553 $37,837 $7,813 $30,024
2021 $6,908 $40,349 $7,812 $32,537
2020 $5,118 $28,410 $6,250 $22,160
2019 $5,638 $34,056 $6,250 $27,806
2018 $6,088 $34,056 $6,250 $27,806
2017 $4,708 $25,102 $5,312 $19,790
2016 $5,426 $26,916 $5,312 $21,604
2015 $4,968 $26,916 $5,312 $21,604
2014 $2,877 $15,387 $3,750 $11,637
2013 -- $15,387 $3,750 $11,637
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08305422

Midwest Real Estate Data (MRED)

APN: 17-31-316-016-0000