NOT LISTED FOR SALE

405 Division St Adrian, MI 49221

Estimated Value: $144,000 - $170,000

5 Beds
3 Baths
2,564 Sq Ft
$63/Sq Ft Est. Value

Sale Details

Date Sold: November 9, 2023

Last sale price $158,000 $62 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,183 / mo

11 Days on Market

About This Home

As of November 2023

This well maintained 3 unit multi-family property would be a great addition to your portfolio. Exterior features newer siding, roofing, windows & entry doors. Interior features include new showers, kitchen cabinets, countertops, electrical and 2 new furnaces. Schedule your private showing today.

Last Agent to Sell the Property

Isaac Henry

Gil Henry & Associates License #LCAR-6501418399 Listed on: 09/29/2023

Last Buyer's Agent

Isaac Henry

Gil Henry & Associates License #LCAR-6501418399 Listed on: 09/29/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1930

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 78x50

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement
  • Michigan Basement
  • Oven or Range

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater
  • Internet Available

Community Details

  • 3 Units
  • Net Operating Income $20,350

Listing and Financial Details

  • Assessor Parcel Number XA0-515-0354-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,664

Year Built

Built in 1930

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2664.22
  • Total Tax Year: 2023
  • Year Built: 1930
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 5
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Source of Sq Ft: Public Records

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch
  • Frontage: 78
  • Foundation Type: Basement, Crawl
  • Roads: City/County, Paved Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Wall/Window A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0-515-0354-00
  • Lot Dimensions: 78x50
  • Acreage: 0.09
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Trash Removal, Water/Sewer
  • Lease Information: Month-To-Month
  • Total Expenses: 4249.83

Tax Info

  • Summer Tax: Year: 2023, Amount: $2,151.40
  • Winter Tax: Year: 2022, Amount: $512.82
  • Total Tax: Year: 2023, Amount: $2,664.22

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2011
Sold by
Verlinden Karen
Bought by
High Caliber Holdings Employment Profit
Current Estimated Value
$160,331

Purchase Details

Closed on
May 1, 2007
Sold by
Henry Franklin J and Henry Marilyn J
Bought by
Henry Franklin J and Henry Marilyn J
Source: Public Records

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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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
High Caliber Holdings Employment Profit $10,000 Atcl
Henry Franklin J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2023 11/09/23 Sold $158,000 -4.2% $62 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $164,900 -- $64 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,924 $55,100 $0 $0
2024 $31 $53,000 $0 $0
2023 $2,664 $49,300 $0 $0
2022 $1,862 $45,100 $0 $0
2021 $1,829 $39,600 $0 $0
2020 $1,817 $37,700 $0 $0
2019 $82,911 $34,100 $0 $0
2018 $1,753 $42,118 $0 $0
2017 $1,703 $30,522 $0 $0
2016 $1,689 $28,513 $0 $0
2014 -- $30,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50123575

Michigan Multiple Listing Service

APN: XA0-515-0354-00

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