NOT LISTED FOR SALE

401 E Hines St Midland, MI 48640

Estimated Value: $138,000 - $195,000

4 Beds
2 Baths
1,456 Sq Ft
$120/Sq Ft Est. Value

Last Sold May 07, 2024

Last sale price $119,900 $82 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,236/month

5 Days on Market

Highlights

  • 2 Car Detached Garage
  • Northeast Middle School Rated A-
  • Forced Air Heating System

About This Home

As of May 2024

Cash-flowing 2-unit in the city of Midland! Main floor unit has 3 bedrooms, 1 full bath, and currently rents for $1050/mo (potential for increase to market rent). Tenant on month to month lease. Upstairs unit has 1 bedroom and 1 bath, additional storage space, and rents for $625/mo, month to month as well. Owner pays all utilities except electric on upstairs unit (seperate meter). Great location just blocks from the new Midland Community Center and Dow Diamond. Detached garage, shared basement, newer washer, and coin operated dryer for potential additional income. Newer water heater and carpet on main floor. City certified rental. Great investment opportunity!

Last Agent to Sell the Property

Derek Batch

RE/MAX Results License #MBR-650141050 Listed on: 03/21/2024

RE/MAX Results

Last Buyer's Agent

Brandon Lewis

Ayre Rhinehart Real Estate Partners License #MBR-6501386371

Ayre Rhinehart Real Estate Partners

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1919

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 65x120

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 2 Units
  • Cameron Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14-16-30-156

Property Details

Home Type

Multi-Family

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Originating MLS: Midland Board of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 3675.51
  • Year Built: 1919
  • Mail City: Midland
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Source of Sq Ft: Public Records

Exterior Features

  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 14-16-30-156
  • Lot Dimensions: 65X120
  • Acreage: 0.18
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $2,548.70
  • Winter Tax: Year: 2023, Amount: $1,126.81
  • Total Tax: Amount: $3,675.51

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Midland Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 8, 2024
Sold by
Kellan Joe
Bought by
Eleven Eleven Capital Llc
Seller's Agent
Derek Batch
RE/MAX Results
Buyer's Agent
Brandon Lewis
Ayre Rhinehart Real Estate Partners
List Price
$119,900
Sold Price
$119,900
Views
93
Current Estimated Value
$175,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,121
Avg. Annual Appreciation
26.12%
Original Mortgage
$94,900
Outstanding Balance
$93,554
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$81,467

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 3, 2024
Sold by
Kellan Joe
Bought by
Eleven Eleven Capital Llc
Seller's Agent
Derek Batch
RE/MAX Results
Buyer's Agent
Brandon Lewis
Ayre Rhinehart Real Estate Partners
List Price
$119,900
Sold Price
$119,900
Views
93

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,900
Outstanding Balance
$93,554
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$81,467

Purchase Details

Listed on
Oct 15, 2021
Closed on
Jan 14, 2022
Sold by
Hoogerhyde Patricia K
Bought by
Kellan Joe
Seller's Agent
Shelley Park Cluff
NextHome Park Place Homes Group
Buyer's Agent
Jeff Coates
RE/MAX of Midland
List Price
$110,000
Sold Price
$80,000
Premium/Discount to List
-$30,000
-27.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.24%
Original Mortgage
$60,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Eleven Eleven Capital Llc $119,900 None Listed On Document
Eleven Eleven Capital Llc $119,900 None Listed On Document
Eleven Eleven Capital Llc $119,900 None Listed On Document
Kellan Joe $80,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eleven Eleven Capital Llc $94,900
Closed Eleven Eleven Capital Llc $94,900
Previous Owner Kellan Joe $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/07/2024 05/07/24 Sold $119,900 0.0% $82 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $119,900 +49.9% $82 / Sq Ft
01/17/2022 01/17/22 Sold $80,000 -11.1% $55 / Sq Ft View Prior Sale
12/05/2021 12/05/21 Pending -- -- --
12/01/2021 12/01/21 Price Changed $90,000 -10.0% $62 / Sq Ft
11/01/2021 11/01/21 Price Changed $100,000 -9.1% $69 / Sq Ft
10/15/2021 10/15/21 For Sale $110,000 -- $76 / Sq Ft
Source: Midland Board of REALTORS®

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
2025 $3,862 $83,100 $0 $0
2024 $2,677 $71,300 $0 $0
2023 $2,549 $62,900 $0 $0
2022 $2,387 $54,800 $0 $0
2021 $2,289 $48,100 $0 $0
2020 $2,265 $46,800 $0 $0
2019 $2,209 $46,600 $7,500 $39,100
2018 $2,149 $48,100 $7,500 $40,600
2017 $0 $40,100 $7,500 $32,600
2016 $2,071 $38,800 $7,500 $31,300
2012 -- $37,600 $7,500 $30,100
Source: Public Records

Agents Affiliated with this Home

  • Derek Batch

    Seller's Agent in 2024

    Derek Batch

    RE/MAX Results

    (989) 859-0015

    3 in this area

    58 Total Sales

    Derek Batch
    Section Image
  • Brandon Lewis

    Buyer's Agent in 2024

    Brandon Lewis

    Ayre Rhinehart Realtors

    (989) 941-7372

    64 in this area

    109 Total Sales

    Brandon Lewis
    Section Image
  • Shelley Park Cluff

    Seller's Agent in 2022

    Shelley Park Cluff

    NextHome Park Place Homes Group

    (989) 430-1148

    65 in this area

    128 Total Sales

    Shelley Park Cluff
    Section Image
  • Jeff Coates

    Buyer's Agent in 2022

    Jeff Coates

    RE/MAX Michigan

    (989) 295-6864

    67 in this area

    129 Total Sales

    Jeff Coates
    Section Image
See All Agents

Map

Source: Midland Board of REALTORS®

MLS Number: 50136439

Midland Board of REALTORS®

APN: 14-16-30-156

Michigan Midland County Midland 48640

401 E Hines St, Midland, MI

Not Listed for Sale

MultiFamily

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