NOT LISTED FOR SALE

408 County St Milan, MI 48160

Estimated Value: $253,000 - $329,000

5 Beds
3 Baths
2,460 Sq Ft
$118/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $203,000 $83 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,140/month

5 Days on Market

Highlights

  • 0.42 Acre Lot
  • Deck
  • Forced Air Heating System
  • Colonial Architecture

About This Home

As of August 2021

This property has some good options, if your looking to live just about free (retiree, family putting kids through one of the local universities) the two one bedroom units almost cover the cost of low cost mortgage financing options. Take into consideration the new roof, new windows and new siding were done in 2020 & the inside of the units were done back in 2015... make this a relatively maintenance free property moving forward. The two one bedroom tenants have been there for over 2 years, both quiet college students with perfect pay history. This property is located in a downtown area near restaurants, Bars, a church, coffee shops and auto repair... so there is plenty to walk too. It's been awhile, but the town also fills up on football weekends... so don't be shocked this coming season! For the right person, its a fun location. The main 3-bedroom unit is vacant, other two units are leased, please do not disturb the active tenants please.

Last Agent to Sell the Property

Shannon McDougal

Gemstone Realty License #6502353700 Listed on: 06/08/2021

Last Buyer's Agent

Kevin Fuqua

Keller Williams Ann Arbor License #6501299120

Keller Williams Ann Arbor

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1899 | Remodeled in 2015

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 79x119x156x51

Home Design

  • Triplex
  • Colonial Architecture
  • Farmhouse Style Home
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 3 Full Bathrooms
  • 2,460 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 7 Parking Spaces
  • Unassigned Parking

Outdoor Features

  • Deck

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Assr's Plat Of Vlg Of Milan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 585304002300
  • $4,060 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,351

Year Built

Built in 1899 | Remodeled in 2015

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial, Farmhouse, Triplex
  • Architecture Level: 2 Story
  • Year Built: 1899
  • State Equalized Value: 85500.0000
  • Year Renovated: 2015
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 2460
  • Total Sq Ft: 2460
  • Sq Ft Total Bsmt: 1230

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement, Michigan Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Stone
  • Frontage Feet: 79
  • Porch Type: Deck
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Unassigned/General
  • Total Parking Spaces: 7

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Milan

Lot Info

  • List Price per Acre: 475952.3800
  • Lot Size Area: 0.42
  • Lot Dimensions: 79x119x156x51
  • Parcel Number: 585304002300
  • Zoning: Residential

Rental Info

  • Rent Includes: Heat, Water/Sewer, Snow Removal, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Monthly Rental Income: 2285

Tax Info

  • Tax Amount Summer: 2576.0000
  • Tax Amount Winter: 775.0000
  • Total Tax: 3351.0000
  • Taxable Value: 48408.0000

Multi Family

  • Gross Scheduled Income: 27420.00
  • Number Of Units Total: 3
  • Unit Count: 3
  • Number of One Bedroom Units: 2
  • Number of Three Bedroom Units: 1
  • Number Of Units Leased: 2

MLS Schools

  • School District: Milan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2022
Sold by
Ramirez Saira
Bought by
Ramza Realty Llc
Current Estimated Value
$283,351

Purchase Details

Listed on
Jun 8, 2021
Closed on
Aug 18, 2021
Sold by
Berman Scot and Meiersdorf Esther
Bought by
Ramirez Saira
Seller's Agent
Shannon McDougal
Gemstone Realty
Buyer's Agent
Kevin Fuqua
Keller Williams Ann Arbor
List Price
$199,900
Sold Price
$203,000
Premium/Discount to List
$3,100
1.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.34%
Original Mortgage
$152,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 3, 2013
Closed on
Jul 16, 2014
Sold by
Kolar Edward J and Kolar Denise R
Bought by
Berman Scot A and Meiersdorf Esther
Seller's Agent
Jeffry Kermath
Kermath Realty LLC
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.71%

Purchase Details

Listed on
Dec 3, 2013
Closed on
Jul 15, 2014
Sold by
Kolar Edward J and Kolar Denise R
Bought by
R/H Professional Llc
Seller's Agent
Jeffry Kermath
Kermath Realty LLC
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%

Purchase Details

Closed on
Dec 14, 2011
Sold by
Burbeck Thomas W and Burbeck Martha S
Bought by
Kolar Edward J

Purchase Details

Closed on
Oct 28, 2011
Sold by
Dayspring Properties Llc
Bought by
Burbeck Thomas W and Burbeck Martha S
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
Ramza Realty Llc -- State Street Title
Ramirez Saira $203,000 First American Mortgage Sln
Berman Scot A $40,000 Devon Title Agency
Kolar Edward J -- Devon Title Agency
R/H Professional Llc -- Devon Title Agency
Kolar Edward J $15,000 --
Burbeck Thomas W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Saira $152,250
Previous Owner Burbeck Thomas W $156,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $203,000 +1.6% $83 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $199,900 +399.8% $81 / Sq Ft
07/16/2014 07/16/14 Sold $40,000 -19.8% $16 / Sq Ft
07/05/2014 07/05/14 Pending -- -- --
12/03/2013 12/03/13 For Sale $49,900 -- $20 / Sq Ft
Source: Realcomp

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 $7,155 $125,300 $125,300 $0
2024 $5,488 $114,400 $0 $0
2023 $5,242 $95,100 $0 $0
2022 $4,173 $95,100 $0 $0
2021 $3,371 $89,900 $0 $0
2020 $3,352 $70,200 $0 $0
2019 $3,284 $70,200 $0 $0
2018 $3,313 $55,700 $0 $0
2017 $3,249 $55,700 $0 $0
2016 $3,209 $52,100 $0 $0
2015 $1,672 $26,500 $0 $0
2014 $1,672 $46,100 $0 $0
2013 -- $48,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2210043415

Realcomp

APN: 53-040-023-00