NOT LISTED FOR SALE

408 Shipherd St Olivet, MI 49076

Estimated Value: $167,000 - $248,000

Studio
-- Bath
-- Sq Ft
3.61 Acres

Last Sold July 12, 2013

Last sale price $89,900

Est. 138% increase in value since last sale

Current estimated payment $1,448/month

312 Days on Market

Highlights

  • 3.61 Acre Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of July 2013

great income property in college town, live down and rent the upstairs, 3.61 acres in town right in back of the college

Last Agent to Sell the Property

Benny Hart

Spaul-Ding Associates License #6501142007 Listed on: 07/15/2012

Co-Listed By

Rich Mattea

Spaul-Ding Associates License #6501118771

Last Buyer's Agent

Benny Hart

Spaul-Ding Associates License #6501142007 Listed on: 07/15/2012

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 3.61 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Internet Available
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1900

Lot Details

3.61 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 89900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 3.61
  • Lot Size Area: 3.61
  • Lot Size Sq Ft: 157252.0

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2268.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2018
Sold by
Petersen Stephen E and Petersen John S
Bought by
Castaneda Andrew B
Current Estimated Value
$214,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Outstanding Balance
$18,206
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$196,042

Purchase Details

Listed on
Jul 15, 2012
Closed on
Jul 12, 2013
Sold by
Petersen Stephen E and Petersen Francis S
Bought by
Castaneda Andrew B
Seller's Agent
Benny Hart
Spaul-Ding Associates
Buyer's Agent
Benny Hart
Spaul-Ding Associates
List Price
$119,000
Sold Price
$89,900
Premium/Discount to List
-$29,100
-24.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%

Purchase Details

Closed on
Jan 30, 2013
Sold by
Fifth Third Bank
Bought by
Petersen Stephen E and Petersen Francis S
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
Castaneda Andrew B $89,900 Devon Title Agency
Castaneda Andrew B -- None Available
Petersen Stephen E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castaneda Andrew B $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2013 07/12/13 Sold $89,900 -24.5% --
05/23/2013 05/23/13 Pending -- -- --
07/15/2012 07/15/12 For Sale $119,000 -- --
Source: MichRIC

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 $4,131 $104,700 $0 $0
2024 $1,825 $96,939 $0 $0
2023 $3,875 $88,783 $0 $0
2022 $2,044 $77,990 $0 $0
2021 $3,555 $71,776 $0 $0
2020 $3,531 $69,957 $0 $0
2019 $1,899 $65,886 $0 $0
2018 $0 $59,126 $0 $0
2017 -- $60,670 $0 $0
2016 -- $58,142 $0 $0
2015 -- $56,901 $0 $0
2014 -- $57,905 $0 $0
2013 -- $54,771 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2013

    Benny Hart

    Spaul-Ding Associates

    (517) 667-0211

    16 in this area

    33 Total Sales

    Benny Hart
    Section Image

  • R

    Seller Co-Listing Agent in 2013

    Rich Mattea

    Spaul-Ding Associates

    (517) 795-7965

    16 in this area

    33 Total Sales

    Rich Mattea
    Section Image
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Map

Source: MichRIC

MLS Number: 12039022

MichRIC

APN: 600-040-601-150-00

Michigan Eaton County Olivet 49076

408 Shipherd St, Olivet, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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