NOT LISTED FOR SALE

409 W Washington Ave Jackson, MI 49201

Under the Oaks Neighborhood

Estimated Value: $234,001 - $335,000

4 Beds
4 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold September 30, 2022

Last sale price $210,000

Est. 30% increase in value since last sale

Current estimated payment $1,879/month

5 Days on Market

Highlights

  • Hot Water Heating System
  • Sharp Park Academy Rated A-
  • 3-minute walk to Under the Oaks

About This Home

As of September 2022

Impressive, interesting and unusual 3 story brick income property. Four units, (1) 2 Bdrm, (1) 3-bedroom units and 2 efficiency apartments fully rented with long term tenants. Main apartment is owner occupied with roommates. Two larger units have kitchen, dining room and full living room with functioning fireplaces. There are four attached garages. City of Jackson certification through 6/28/2024. Newer State inspected boiler system and water heaters. Windows have screens and are functional to open for fresh air. Basement is totally usable and divided for storage. Owner has provided a washer/dryer for use by the tenants in the basement. Third story of building is open and unimproved, waiting for your further creative development. No separate meters. Owner pays for all utilities with cost covered in monthly rent.

Last Agent to Sell the Property

Dana Howell

ERA REARDON REALTY, L.L.C. License #6502355055 Listed on: 08/24/2022

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

Dana Howell

ERA REARDON REALTY, L.L.C. License #6502355055 Listed on: 08/24/2022

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,824

Year Built

  • Built in 1920

Lot Details

  • 4,792

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • No Cooling
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Walk-Out Basement
  • 4,792 Sq Ft Lot

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,200
  • Gross Income $10,250
  • Net Operating Income $26,770

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,824

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk Out

Exterior Features

  • Construction Materials: Brick
  • List Price: 240000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4792.0
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 10250.0
  • Insurance Expense: 1200.0
  • Net Operating Income: 26770.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 1823.65
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2010
Sold by
Mazur Erin and Mazur Erin L
Bought by
Seel Ken
Current Estimated Value
$273,750

Purchase Details

Closed on
Feb 19, 2009
Sold by
Thomas Donald L and Thomas Susan J
Bought by
Mazur Erin L and Lingo Erin L

Purchase Details

Closed on
Nov 10, 2006
Sold by
Thomas Donald L and Thomas Susan J
Bought by
Lingo Erin L and Lingo Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage
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
Seel Ken $60,000 At
Mazur Erin L -- Sst
Lingo Erin L $160,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lingo Erin L $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $210,000 -12.5% --
08/24/2022 08/24/22 For Sale $240,000 -- --
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 $5,368 $94,300 $0 $0
2024 $46 $81,200 $0 $0
2023 $4,456 $74,500 $0 $0
2022 $1,818 $62,000 $0 $0
2021 $1,805 $49,350 $0 $0
2020 $1,784 $44,350 $0 $0
2019 $1,734 $34,950 $0 $0
2018 $1,647 $36,150 $0 $0
2017 $1,494 $37,500 $0 $0
2016 $1,256 $37,400 $37,400 $0
2015 $1,896 $26,800 $26,800 $0
2014 $1,896 $35,800 $0 $0
2013 -- $35,800 $35,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Dana Howell

    Seller's Agent in 2022

    Dana Howell

    ERA REARDON REALTY, L.L.C.

    (517) 740-6098

    1 in this area

    45 Total Sales

    Dana Howell
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Map

Source: MichRIC

MLS Number: 22036448

MichRIC

APN: 3-003500000

Michigan Jackson County Jackson 49201 Under the Oaks

409 W Washington Ave, Jackson, MI

Not Listed for Sale

MultiFamily

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