NOT LISTED FOR SALE

412 Fourth St Jackson, MI 49201

Under the Oaks Neighborhood

Estimated Value: $130,464 - $152,000

3 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold December 16, 2021

Last sale price $101,000

Est. 40% increase in value since last sale

Current estimated payment $971/month

3 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • 3-minute walk to Under the Oaks
  • Sharp Park Academy Rated A-
  • Wood Siding

About This Home

As of December 2021

This property has been meticulously maintained by the seller for 23 years and is now ready for a new owner. The property is City Certified with separate utilities and updated electrical and mechanical systems, along with newer vinyl replacement windows throughout. Each unit features an updated kitchen with newer appliances and a beautifully updated spacious bath with large tiled walk in shower. Both units are lovely and well maintained by renters who have taken pride in their residence. This fully occupied duplex generates $1,685 in monthly rent with utilities paid by the renters. Seller pays for water, sewer and trash pickup. This is a great investment property with ideal renters already in place!

Last Agent to Sell the Property

Debra Kruse

C-21 Affiliated - Jackson License #6501393103 Listed on: 11/05/2021

Last Buyer's Agent

AJ Crownover

RE/MAX MID-MICHIGAN R.E. License #6501361014

RE/MAX MID-MICHIGAN R.E.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $702

Year Built

  • Built in 1920

Lot Details

  • 4,356

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Window Unit Heating System
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, water, gas
  • The owner pays for sewer

Property Details

Home Type

Apartment

Est. Annual Taxes

$702

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: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 98500.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected, Public Water, Public Sewer

Lot Info

  • Zoning Description: c-1
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer
  • Tenant Pays: Electricity, Water, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 701.9
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Dec 16, 2021
Sold by
Tylutki James L and James L Tylutki Trust
Bought by
Bhat Kiran
Seller's Agent
Debra Kruse
C-21 Affiliated - Jackson
Buyer's Agent
AJ Crownover
RE/MAX MID-MICHIGAN R.E.
List Price
$98,500
Sold Price
$101,000
Premium/Discount to List
$2,500
2.54%
Current Estimated Value
$141,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,866
Avg. Annual Appreciation
8.80%
Original Mortgage
$75,750
Outstanding Balance
$69,548
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$72,318

Purchase Details

Closed on
Mar 7, 2011
Sold by
Tylutki James L
Bought by
The James L Tylutki Revocable Living Tru

Purchase Details

Closed on
Feb 3, 2010
Sold by
The James L Tylutki & Deborah S Tylutki
Bought by
Tylutki James L

Purchase Details

Closed on
Nov 30, 2008
Sold by
Zeller Deborah S and Tylutki Deborah S
Bought by
Tylutki James L
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
Bhat Kiran $101,000 Diversified National Title
The James L Tylutki Revocable Living Tru -- None Available
Tylutki James L -- None Available
Tylutki James L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bhat Kiran $75,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2021 12/16/21 Sold $101,000 +2.5% --
11/05/2021 11/05/21 For Sale $98,500 -- --
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 $2,724 $54,400 $0 $0
2024 $2,356 $46,700 $0 $0
2023 $2,261 $43,000 $0 $0
2022 $2,490 $36,000 $0 $0
2021 $703 $20,350 $0 $0
2020 $694 $18,400 $0 $0
2019 $676 $15,500 $0 $0
2018 $645 $14,700 $0 $0
2017 $591 $15,300 $0 $0
2016 $509 $15,300 $15,300 $0
2015 $788 $9,650 $9,650 $0
2014 $788 $12,700 $12,700 $0
2013 -- $12,700 $12,700 $0
Source: Public Records

Agents Affiliated with this Home

  • Debra Kruse

    Seller's Agent in 2021

    Debra Kruse

    C-21 Affiliated - Jackson

    (517) 581-9505

    1 in this area

    52 Total Sales

    Debra Kruse
    Section Image
  • AJ Crownover

    Buyer's Agent in 2021

    AJ Crownover

    RE/MAX Michigan

    (517) 262-5840

    2 in this area

    161 Total Sales

    AJ Crownover
    Section Image
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Map

Source: MichRIC

MLS Number: 21113949

MichRIC

APN: 3-030400000

Michigan Jackson County Jackson 49201 Under the Oaks

412 Fourth St, Jackson, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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