NOT LISTED FOR SALE

403 Second St Jackson, MI 49203

Under the Oaks Neighborhood

Estimated Value: $98,000 - $148,000

4 Beds
3 Baths
1,484 Sq Ft
$83/Sq Ft Est. Value

Last Sold May 13, 2016

Last sale price $23,750 $16 Per Sq Ft

Est. 417% increase in value since last sale

Current estimated payment $924/month

19 Days on Market

Highlights

  • Forced Air Heating System
  • Sharp Park Academy Rated A-
  • 3-minute walk to Under the Oaks

About This Home

As of May 2016

Located in the City of Jackson and within walking distance of shopping, dining, parks, and more, this City Certified (2016-2018) property is ready for its next investor. Property features 3 units. All units are currently rented and producing over $23,000 in annual income. One 3 bedroom unit, one 2 bedroom unit, and one 1 bedroom unit. Recent updates include carpet, paint, a kitchen, furnaces, and more. Full basement with laundry hookups (currently not in use). Generates great cash flow as a full investment or as an owner occupant. Call for you private showing.

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 03/27/2016

Last Buyer's Agent

Zach Williams

Next Step Realty License #6502392125

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot

Home Design

  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Space Heater

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • Livermore Wood And Eatons Subdivision

Building Details

  • Operating Expense $12,196
  • Gross Income $23,340
  • Net Operating Income $40,116

Property Details

Home Type

Apartment

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 27500.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 23340.0
  • Net Operating Income: 40116.0
  • Operating Expense: 12196.0

Tax Info

  • Tax Annual Amount: 932.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2016
Closed on
May 13, 2016
Sold by
Smith David L
Bought by
Brantley Management Llc
Seller's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Buyer's Agent
Zach Williams
Next Step Realty
Sold Price
$23,750
Current Estimated Value
$122,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,080
Avg. Annual Appreciation
18.63%

Purchase Details

Listed on
Oct 4, 2013
Closed on
Jan 17, 2014
Sold by
Deeto Llc
Bought by
Smith David L
Seller's Agent
Tony Pruitt
EXP Realty
Buyer's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Sold Price
$17,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.07%

Purchase Details

Closed on
Nov 30, 2010
Sold by
Pruitt Tony
Bought by
Deeto Llc

Purchase Details

Closed on
Nov 10, 2006
Sold by
Richard Family Properties Llc
Bought by
Christy Richard Erik and Christy Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,800
Interest Rate
6.47%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 21, 2005
Sold by
Christy Richard Erik and Christy Richard
Bought by
Richard Family Properties Llc

Purchase Details

Closed on
Nov 12, 2004
Sold by
Derry Maureen Ann and Kowalski Dawn F
Bought by
Christy Richard Erik and Christy Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
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
Brantley Management Llc $23,750 Midstate Title Agency Southe
Smith David L $17,500 Midstate Title Agency Of Sou
Deeto Llc -- None Available
Christy Richard Erik -- Independence Title
Richard Family Properties Llc -- --
Christy Richard Erik $84,000 At
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Christy Richard Erik $73,800
Previous Owner Christy Richard Erik $67,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2016 05/13/16 Sold $23,750 +35.7% $16 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
01/17/2014 01/17/14 Sold $17,500 -- $12 / Sq Ft View Prior Sale
Source: MichRIC

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 $3,356 $58,300 $0 $0
2024 $2,903 $48,900 $0 $0
2023 $2,667 $44,600 $0 $0
2022 $1,379 $37,700 $0 $0
2021 $1,365 $29,450 $0 $0
2020 $1,348 $26,600 $0 $0
2019 $1,312 $19,050 $0 $0
2018 $1,251 $18,250 $0 $0
2017 $1,305 $18,500 $0 $0
2016 $837 $18,500 $18,500 $0
2015 $1,383 $14,950 $14,950 $0
2014 $1,383 $19,600 $19,600 $0
2013 -- $19,600 $19,600 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Doug Beiswanger

    Coldwell Banker Beiswanger Realty Group

    Section Image

  • Z

    Buyer's Agent in 2016

    Zach Williams

    Next Step Realty

  • Tony Pruitt

    Seller's Agent in 2014

    Tony Pruitt

    EXP Realty

    (517) 812-5721

    54 Total Sales

    Tony Pruitt
    Section Image
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Map

Source: MichRIC

MLS Number: 21035185

MichRIC

APN: 3-004600000

Michigan Jackson County Jackson 49201 Under the Oaks

403 Second St, Jackson, MI

Not Listed for Sale

MultiFamily

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