NOT LISTED FOR SALE

401 Page Ave Jackson, MI 49203

Poletown Neighborhood

Estimated Value: $102,000 - $159,060

Studio
-- Bath
-- Sq Ft
6,970 Sq Ft Lot

Last Sold May 16, 2023

Last sale price $85,500

Est. 58% increase in value since last sale

Current estimated payment $1,025/month

14 Days on Market

Highlights

  • Corner Lot
  • Baseboard Heating
  • 2-minute walk to Rotary Playground
  • Forced Air Heating System

About This Home

As of May 2023

Great investment opportunity! This 3 unit apartment building is very close to Downtown Jackson, I-94, U.S. 127 South, and Henry Ford Hospital. Each unit offers it's own unique floor plan and separate entrances. Tenants are paying a flat fee of $100 each for utilities and have a 1 year lease. Apartment #1 has it's own electric meter and electric heat. Apartments #2 & #3 share an electric meter and have forced air heat. All 3 units are occupied with new leases. This sale includes both lots 18 & 19. Parcels 6-057100000 & 6-057000000

Last Agent to Sell the Property

Charles Baxter

Century 21 Affiliated - Jackson License #6501435089 Listed on: 02/24/2023

Last Buyer's Agent

Nicholas Laporte

Production Realty License #6501449473

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1925

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 46x80x48x68
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Vinyl Siding

Basement

  • Partial Basement

Parking

  • 3 Parking Spaces
  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water

Property Details

Home Type

Apartment

Year Built

Built in 1925

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1925
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • List Price: 95000.0
  • Lot Features: Corner Lot, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved, Concrete
  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Baseboard, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected
  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Dimensions: 46x80x48x68
  • Lot Size Sq Ft: 6970.0
  • Zoning Description: 401 RES-IMP

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2437.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2019
Sold by
Miho Chivas
Bought by
Gehrke Adam David
Current Estimated Value
$135,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,500
Outstanding Balance
$38,269
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$96,996

Purchase Details

Closed on
Jan 10, 2019
Sold by
Jackson Pacific Group Llc
Bought by
Miho Chivas

Purchase Details

Closed on
Oct 27, 2018
Sold by
Kalbarczyk Peter A and Kalbarczyk Margaret M
Bought by
Jackson Pacific Group Llc

Purchase Details

Closed on
Apr 4, 2018
Sold by
Jackson Pacific Group Llc
Bought by
Miho Chivas

Purchase Details

Listed on
Nov 28, 2017
Closed on
Dec 22, 2017
Sold by
Kalbarczyk Peter A and Kalbarczyk Margaret M
Bought by
Jackson Pacific Group Llc
Seller's Agent
John O'Dowd
JOD REAL ESTATE GROUP
Buyer's Agent
Steve Jackson
NORFOLK REALTY LIMITED
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.36%

Purchase Details

Closed on
Dec 14, 2006
Sold by
Greater Jackson Habitat For Humanity Inc
Bought by
Kalbarczyk Peter A and Kalbarczyk Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,400
Interest Rate
6.36%
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
Gehrke Adam David $58,000 None Available
Miho Chivas -- None Available
Jackson Pacific Group Llc $60,000 None Available
Miho Chivas -- Barrister Settlement & Title
Jackson Pacific Group Llc $8,800 None Available
Kalbarczyk Peter A $15,000 Mst
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gehrke Adam David $43,500
Previous Owner Kalbarczyk Peter A $86,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/16/2023 05/16/23 Sold $85,500 -10.0% --
02/24/2023 02/24/23 For Sale $95,000 +58.3% --
12/22/2017 12/22/17 Sold $60,000 -- -- View Prior Sale
12/07/2017 12/07/17 Pending -- -- --
Source: MichRIC

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 $3,768 $67,900 $0 $0
2024 $33 $54,900 $0 $0
2023 $2,236 $45,000 $0 $0
2022 $2,463 $40,400 $0 $0
2021 $2,437 $36,350 $0 $0
2020 $2,407 $34,000 $0 $0
2019 $1,804 $25,700 $0 $0
2018 $1,519 $22,150 $0 $0
2017 $657 $21,350 $0 $0
2016 $544 $18,700 $18,700 $0
2015 $612 $15,800 $15,800 $0
2014 $612 $20,200 $0 $0
2013 -- $20,200 $20,200 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Charles Baxter

    Century 21 Affiliated - Jackson

  • N

    Buyer's Agent in 2023

    Nicholas Laporte

    Production Realty

    (517) 308-9793

    1 in this area

    16 Total Sales

    Nicholas Laporte
    Section Image

  • J

    Seller's Agent in 2017

    John O'Dowd

    JOD REAL ESTATE GROUP

  • Steve Jackson

    Buyer's Agent in 2017

    Steve Jackson

    NORFOLK REALTY LIMITED

    (517) 306-2016

    35 Total Sales

    Steve Jackson
    Section Image
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Map

Source: MichRIC

MLS Number: 23005555

MichRIC

APN: 6-057000000

Michigan Jackson County Jackson 49201 Poletown

401 Page Ave, Jackson, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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