NOT LISTED FOR SALE

41 Park Ct Lake Orion, MI 48362

Estimated Value: $533,000 - $746,000

8 Beds
4 Baths
3,330 Sq Ft
$200/Sq Ft Est. Value

Last Sold April 25, 2014

Last sale price $225,000 $68 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $4,588/month

121 Days on Market

Highlights

  • Deck
  • Balcony
  • Forced Air Heating and Cooling System
  • Orion Oaks Elementary School Rated A-
  • Patio
  • 8 Car Garage

About This Home

As of April 2014

Fantastic opportunity for an investment property. Long term tenants, no vacancy, very high demand, close to the water. Two, 2 bedroom units down, front-facing and two units up, back facing, one 1 bedroom and one 2 bedroom. Beautiful new kitchens, many updates and interiors redone. Garage on the premises currently used by the owner but could be leased out as well. No land contract terms.

Last Agent to Sell the Property

Gwen Daubenmeyer

Keller Williams Paint Creek License #6501211034 Listed on: 10/14/2013

Keller Williams Paint Creek

Last Buyer's Agent

Lee Lark

Keller Williams Paint Creek License #6501299715

Keller Williams Paint Creek

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1998

Lot Details

  • 0.55 Acre Lot
  • Lot Dimensions are 113x198
  • Private Entrance

Parking

  • 8 Car Garage

Interior Spaces

  • 4 Full Bathrooms
  • 3,330 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 4 Units
  • Assr's Replat Of Decker's Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0911253003

Property Details

Home Type

Multi-Family

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Sq Ft Combined: 3330
  • Total Sq Ft: 3330
  • Sq Ft Total Bsmt: 1665

Exterior Features

  • Waterfront Name: ORION
  • Foundation Details: Crawl
  • Construction Materials: Aluminum
  • Exterior Features: Lighting, Private Entry
  • Porch Type: Balcony, Deck, Patio
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Garages
  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air
  • Heating: Forced Air
  • Sewer: Separate Meters
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Lake Orion

Lot Info

  • List Price per Acre: 490504.0000
  • Lot Size Area: 0.55
  • Lot Dimensions: 113X198
  • Parcel Number: 0911253003
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Homestead Percent: 0 Percent

Rental Info

  • Monthly Rental Income: 2850

Tax Info

  • Tax Amount Summer: 6388.0000
  • Tax Amount Winter: 833.0000
  • Total Tax: 7221.0000

Multi Family

  • Gross Scheduled Income: 34200.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 1
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 4

MLS Schools

  • School District: Lake Orion

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2013
Closed on
Apr 24, 2014
Sold by
Lombardo Cheryl Lynn
Bought by
Chennault Jonas Matthew
Seller's Agent
Gwen Daubenmeyer
Keller Williams Paint Creek
Buyer's Agent
Lee Lark
Keller Williams Paint Creek
List Price
$269,777
Sold Price
$225,000
Premium/Discount to List
-$44,777
-16.6%
Current Estimated Value
$623,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,339
Avg. Annual Appreciation
9.12%
Original Mortgage
$216,015
Outstanding Balance
$167,236
Interest Rate
4.37%
Mortgage Type
FHA
Estimated Equity
$436,095

Purchase Details

Closed on
Jan 21, 2005
Sold by
Lombardo Dominic Louis
Bought by
Lombardo Cheryl Lynn

Purchase Details

Closed on
Apr 30, 2004
Sold by
Dubovenko Peter and Dubovenko Sandra R
Bought by
Lombardo Dominic and Lombardo Cheryl
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
Chennault Jonas Matthew $225,000 Metro Hills Title Agency Llc
Lombardo Cheryl Lynn -- None Available
Lombardo Dominic $235,000 Philip R Seaver Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chennault Jonas Matthew $216,015
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2014 04/25/14 Sold $225,000 -16.6% $68 / Sq Ft
02/12/2014 02/12/14 Pending -- -- --
10/14/2013 10/14/13 For Sale $269,777 -- $81 / 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
2024 $14,097 $255,250 $0 $0
2023 $11,485 $232,880 $0 $0
2022 $12,182 $208,460 $0 $0
2021 $11,760 $200,130 $0 $0
2020 $11,228 $190,870 $0 $0
2019 $6,796 $171,870 $0 $0
2018 $8,519 $156,570 $0 $0
2017 $10,135 $156,570 $0 $0
2016 $9,472 $139,700 $0 $0
2015 -- $127,940 $0 $0
2014 -- $113,540 $0 $0
2011 -- $117,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 213106647

Realcomp

APN: 09-11-253-003