NOT LISTED FOR SALE

405 W Maple Ave Adrian, MI 49221

Estimated Value: $81,000 - $171,326

4 Beds
3 Baths
1,782 Sq Ft
$82/Sq Ft Est. Value

Last Sold March 16, 2022

Last sale price $100,000 $56 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,111/month

29 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Corner Lot
  • Porch

About This Home

As of March 2022

Duplex on Adrians west side. Huge lot with a large 2 car detached garage. Live in main floor and rent out the upstairs to help pay the mortgage. This home has loads of potential for turning back into a single family home or for a blended family. Main floor is 3 Bedrooms 1 bath and the upstairs is 1 BR 1 bath interior staircase could be opened back up easily.

Last Agent to Sell the Property

Marcia Randall

Foundation Realty, LLC License #LCAR-6502365496 Listed on: 01/18/2022

Last Buyer's Agent

Mariah Lerolland-Wagner

Keller Williams Ann Arbor License #AAABOR

Keller Williams Ann Arbor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1890

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 89x189
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Vinyl Siding
  • Vinyl Trim

Interior Spaces

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XA0-510-0002-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,181

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1890
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 1782

Exterior Features

  • Construction: Vinyl Siding, Vinyl Trim
  • Exterior Features: Deck, Porch
  • Frontage: 89
  • Sideof Street: S
  • Foundation Type: Basement
  • Roads: City/County

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2
  • Parking: 3 Or More Spaces, Garage

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • 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: XA0-510-0002-00
  • Location: Corner Lot
  • Lot Dimensions: 89x189
  • Acreage: 0.4
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,562.80
  • Winter Tax: Year: 2021, Amount: $618.47
  • Taxable Value: 38507
  • Total Tax: Year: 2021, Amount: $2,181.27
  • SEV Year: 2022

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2009
Sold by
Borders Margaret
Bought by
A & B Propoerty Llc
Current Estimated Value
$145,582

Purchase Details

Closed on
Jun 26, 2008
Sold by
Rychener Richard L and Rychener Janet R
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 26, 2005
Sold by
Rychener Patricia
Bought by
Rychener Richard L and Rychener Jenet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
5.89%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
A & B Propoerty Llc -- None Available
Borders Margaret $25,000 Attorney Title
Federal Home Loan Mortgage Corporation $98,158 None Available
Rychener Richard L $118,000 Legacy Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open French Loren L $51,375
Previous Owner Rychener Richard L $94,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $100,000 -23.0% $56 / Sq Ft
02/01/2022 02/01/22 Price Changed $129,900 -7.1% $73 / Sq Ft
01/18/2022 01/18/22 For Sale $139,900 -- $79 / 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
2024 $3,599 $72,700 $0 $0
2023 $4,104 $67,400 $0 $0
2022 $2,335 $63,100 $0 $0
2021 $2,293 $58,200 $0 $0
2020 $2,279 $54,300 $0 $0
2019 $103,944 $51,800 $0 $0
2018 $2,197 $60,200 $0 $0
2017 $2,135 $43,313 $0 $0
2016 $2,117 $39,789 $0 $0
2014 -- $35,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50064313

Michigan Multiple Listing Service

APN: XA0-510-0002-00