NOT LISTED FOR SALE

405 E Porter St Albion, MI 49224

Estimated Value: $115,391 - $229,000

3 Beds
3 Baths
-- Sq Ft
0.26 Acres

Last Sold December 01, 2022

Last sale price $61,000

Est. 183% increase in value since last sale

Current estimated payment $1,073/month

54 Days on Market

About This Home

As of December 2022

Huge 3 unit multi family home in Albion, large fenced in back yard and walking distance from Albion College. It needs a little love but will be a great income property for someone!

Last Agent to Sell the Property

Ashley Reniger

RE/MAX Perrett Associates License #6506047989 Listed on: 09/28/2022

RE/MAX Perrett Associates

Last Buyer's Agent

Joseph Verbeke

NextHome ACE Real Estate Services License #6502431448

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 0.26

Parking

  • 3 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Michigan Basement
  • 0.26 Acre Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer, gas
  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: Irreg
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2061.0
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 85000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Sq Ft: 11500.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2061.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Jan 4, 2023
Sold by
Briton Partners Llc
Bought by
Ace Investment Properties Llc
Seller's Agent
Ashley Reniger
RE/MAX Perrett Associates
Buyer's Agent
Joseph Verbeke
NextHome ACE Real Estate Services
List Price
$90,000
Sold Price
$61,000
Premium/Discount to List
-$29,000
-32.22%
Views
24
Current Estimated Value
$172,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,348
Avg. Annual Appreciation
39.50%

Purchase Details

Closed on
Apr 26, 2016
Sold by
Yeomans Craig William and Yeomans Dana Michelle Auriemma
Bought by
Albion College

Purchase Details

Closed on
May 13, 1994
Bought by
Yeomans
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
Ace Investment Properties Llc -- --
Albion College $58,000 American Title
Yeomans $47,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2022 12/01/22 Sold $61,000 -28.2% --
10/23/2022 10/23/22 Price Changed $85,000 -5.6% --
09/28/2022 09/28/22 For Sale $90,000 -- --
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 $5,217 $95,500 $0 $0
2024 $2,551 $89,000 $0 $0
2023 $2,126 $73,400 $0 $0
2022 $1,097 $60,900 $0 $0
2021 $2,061 $57,900 $0 $0
2020 $2,058 $52,600 $0 $0
2019 $1,988 $45,200 $0 $0
2018 $1,988 $39,200 $9,400 $29,800
2017 $0 $29,700 $0 $0
2016 $0 $34,100 $0 $0
2015 -- $38,500 $0 $0
2014 -- $42,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Ashley Reniger

    RE/MAX Michigan

    Section Image
  • Joseph Verbeke

    Buyer's Agent in 2022

    Joseph Verbeke

    NextHome ACE Real Estate Services

    (517) 515-2125

    50 in this area

    68 Total Sales

    Joseph Verbeke
    Section Image
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Map

Source: MichRIC

MLS Number: 22041672

MichRIC

APN: 51-000-931-00

Michigan Calhoun County Albion 49224

405 E Porter St, Albion, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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