NOT LISTED FOR SALE

Estimated Value: $243,602 - $264,000

Studio
-- Bath
-- Sq Ft
0.31 Acre Lot

Sale Details

Date Sold: May 17, 2018

Last sale price $142,250

Est. 78% increase in value since last sale

Current estimated payment $1,576 / mo

3 Days on Market

About This Home

As of May 2018

Awesome brick duplex in Spring Arbor. Western Schools. Two 1100 sq ft units that feature a large open living room and dining area, full kitchen, 2 bedrooms and a full bath. Brick exterior with a good roof and vinyl windows. Unit one has updated kitchen, bath, all newer flooring and paint. Newer furnace. This unit also has a covered patio on the back of the unit. Unit 2 has the same layout but updates are not as recent. Prior tenant rented this unit for 25 years. Both units have concrete driveways. Great area where you can walk to Gallagher Field and Spring Arbor University. Live in one side and rent the other or keep it as a true rental unit. Call today!!

Last Agent to Sell the Property

TAD FRENCH

Five Star Real Estate-Cooper License #6501345481 Listed on: 03/19/2018

Last Buyer's Agent

Kristen King

The Brokerage House License #6501398404

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,933

Year Built

  • Built in 1965

Lot Details

  • 13,504 Sq Ft Lot
  • Lot Dimensions are 110x124

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction

Basement

  • Crawl Space

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • The owner pays for water

Community Details

Overview

  • 2 Units
  • Lather Estates Subdivision

Building Details

  • Operating Expense $1,610
  • Net Operating Income $1,300

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,933

Year Built

Built in 1965

Lot Details

0.31 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1965
  • Driveway:Driveway: Paved
  • Mineral Rights:Mineral Rights: No
  • Sewer:Sewer: Public Sewer
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Brick
  • List Price: 150000.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air, Space Heater

Lot Info

  • Lot Size Acres: 0.31
  • Lot Size Area: 0.31
  • Lot Dimensions: 110X124

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas, Trash Collection

Multi Family

  • Net Operating Income: 1300.0
  • Number of Units Total: 2
  • Operating Expense: 1610.0

Tax Info

  • Tax Annual Amount: 2932.75
  • Tax Year: 2017

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

Listed on
Mar 19, 2018
Closed on
May 17, 2018
Sold by
Bought by
Seller's Agent
TAD FRENCH
Five Star Real Estate-Cooper
Buyer's Agent
Kristen King
The Brokerage House
Sold Price
$142,250
Current Estimated Value
$252,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,651
Avg. Annual Appreciation
7.21%
Original Mortgage
$135,137
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1994
Bought by
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
$142,250 None Available
$68,000 --
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
Open $120,000
Closed $14,400
Closed $122,000
Closed $135,137
Previous Owner $20,000
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
05/17/2018 05/17/18 Sold $142,250 -- --
03/22/2018 03/22/18 Pending -- -- --
Source: MichRIC

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
2026 $2,251 $130,500 $0 $0
2025 $2,251 $113,400 $0 $0
2024 $22 $111,400 $0 $0
2023 $2,158 $102,100 $0 $0
2022 $2,991 $88,700 $0 $0
2021 $2,929 $78,220 $0 $0
2020 $2,893 $65,430 $0 $0
2019 $2,771 $58,570 $0 $0
2018 $2,787 $58,890 $11,630 $47,260
2017 $3,171 $56,770 $0 $0
2016 $2,480 $69,430 $69,430 $0
2015 $57,361 $64,410 $64,410 $0
2014 $57,361 $60,010 $0 $0
2013 -- $60,010 $60,010 $0
Source: Public Records

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Map

Source: MichRIC

MLS Number: 21034861

MichRIC

APN: 140-12-16-402-006-00

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