NOT LISTED FOR SALE

402 S Chipman St Owosso, MI 48867

Estimated Value: $113,000 - $145,000

4 Beds
2 Baths
1,361 Sq Ft
$91/Sq Ft Est. Value

Last Sold May 07, 2015

Last sale price $39,900 $29 Per Sq Ft

Est. 211% increase in value since last sale

Current estimated payment $768/month

620 Days on Market

Highlights

  • Deck
  • Porch
  • Forced Air Heating System

About This Home

As of May 2015

Land Contract considered with 20% down, 6% interest, taxes and insurance included in payment with 10 year payoff ($535.38 payment). You could live in one unit and let the other units rent practically make your payment or great income property. Separate meters for both electric and gas. Good parking for both sides. Walking distance to town. Kitchen range and refrigerator included in both units. Main level rents for $500 and includes the gas and electric (which has been running the seller $92 month) and upper level rents for $400 per month and tenant pays own gas and electricity. The seller only provides water and garbage in the upper level. The water runs $115 quarterly for both units.

Last Agent to Sell the Property

Morgan Beilfuss

The Home Office Realty LLC License #FAAR-124334 Listed on: 07/06/2013

Last Buyer's Agent

Morgan Beilfuss

The Home Office Realty LLC License #FAAR-124334 Listed on: 07/06/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 70x132

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Additional Features

  • 2-Story Property
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 050-113-018-011-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Originating MLS: East Central Association
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1270
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Estimated Sq Ft: 1361

Exterior Features

  • Exterior Features: Deck, Porch
  • Frontage: 70
  • Foundation Type: Crawl
  • Frontage Type: Road

Utilities

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

Lot Info

  • Assessor Parcel Number: 050-113-018-011-00
  • Lot Dimensions: 70x132
  • Acreage: 0.21
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Water/Sewer

Tax Info

  • Summer Tax: Amount: $597.00
  • Winter Tax: Amount: $673.00
  • Total Tax: Amount: $1,270.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Owosso Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2023
Sold by
First National Acceptance Company
Bought by
Sims Charles and Sims Jennifer
Current Estimated Value
$124,181

Purchase Details

Closed on
Oct 23, 2017
Sold by
Freeman Family Rentals and Freeman Rick
Bought by
First National Acceptance Co

Purchase Details

Closed on
Feb 28, 2014
Sold by
Westbrok Joni G and Freeman Brion D
Bought by
Freeman Family Rentals Llc
Source: Public Records

Range of Values:

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Average Value
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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
Sims Charles $39,900 None Listed On Document
Sims Charles $39,900 None Listed On Document
First National Acceptance Co -- None Available
Freeman Family Rentals Llc -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2015 05/07/15 Sold $39,900 0.0% $29 / Sq Ft
04/07/2015 04/07/15 Pending -- -- --
07/06/2013 07/06/13 For Sale $39,900 -- $29 / Sq Ft
Source: Michigan Multiple Listing Service

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 $1,280 $50,700 $0 $0
2024 $1,280 $46,500 $0 $0
2023 $805 $41,600 $0 $0
2022 $1,238 $37,200 $0 $0
2021 $1,402 $34,400 $0 $0
2020 $1,212 $31,700 $0 $0
2019 $1,196 $26,000 $0 $0
2018 -- $25,400 $0 $0
2017 -- $24,800 $0 $0
2016 -- $24,800 $0 $0
2015 -- $24,500 $0 $0
2014 -- $24,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 30028669

Michigan Multiple Listing Service

APN: 050-113-018-011-00