NOT LISTED FOR SALE

413 W Forest Ave Ypsilanti, MI 48197

Ypsi Riverside Neighborhood

Estimated Value: $382,200 - $443,000

1 Bed
6 Baths
750 Sq Ft
$558/Sq Ft Est. Value

Last Sold April 16, 2020

Last sale price $300,000 $400 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,195/month

49 Days on Market

About This Home

As of April 2020

This home is located at 413 W Forest Ave, Ypsilanti, MI 48197 since 24 February 2020 and is currently estimated at $418,800, approximately $558 per square foot. This property was built in 1885. 413 W Forest Ave is a home located in Washtenaw County with nearby schools including Estabrook Elementary School, Holmes Elementary School, and Erickson Elementary School.

Last Agent to Sell the Property

Mollie Kolman

Property Mgmt. Specialists Inc License #6501413245 Listed on: 02/24/2020

Last Buyer's Agent

Douglas Milkey

Property Mgmt. Specialists Inc License #6502103936

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Lot Details

  • 8,276 Sq Ft Lot

Parking

  • 6 Parking Spaces

Additional Features

  • Basement

Listing and Financial Details

  • Tenant pays for electric

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $20,000
  • Gross Income $58,260

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1885
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 8356.59
  • Tax Info:Zoning3: splt
  • General Property Info:Total _pound_ Units: 6
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 407820.0

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.0
  • Zoning Description: splt
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 58260.0
  • Insurance Expense: 20000.0
  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 8356.59
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
Apr 13, 2020
Sold by
413 W Forest Llc
Bought by
Bishop Pickering Llc
Seller's Agent
Mollie Kolman
Property Mgmt. Specialists Inc
Buyer's Agent
Douglas Milkey
Property Mgmt. Specialists Inc
List Price
$407,820
Sold Price
$300,000
Premium/Discount to List
-$107,820
-26.44%
Current Estimated Value
$418,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,800
Avg. Annual Appreciation
6.05%

Purchase Details

Closed on
Jan 21, 2016
Sold by
Hale Brent E and Hale Susan E
Bought by
413 W Forest Llc

Purchase Details

Closed on
Sep 14, 2015
Sold by
Hale Brent E and Hale Edmund Deborah
Bought by
Brent E Hale And Susan E Hale Trust

Purchase Details

Closed on
Mar 28, 2008
Sold by
Hale Frank
Bought by
Hale Frank
Source: Public Records

Range of Values:

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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
Bishop Pickering Llc $300,000 None Available
413 W Forest Llc -- None Available
Brent E Hale And Susan E Hale Trust -- None Available
Hale Frank -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2020 04/16/20 Sold $300,000 -26.4% $400 / Sq Ft
04/13/2020 04/13/20 Pending -- -- --
02/24/2020 02/24/20 For Sale $407,820 -- $544 / Sq Ft
Source: Southwestern Michigan Association of REALTORS®

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 $10,957 $169,700 $0 $0
2024 $10,957 $161,500 $0 $0
2023 $10,330 $138,000 $0 $0
2022 $10,676 $125,300 $0 $0
2021 $10,517 $121,700 $0 $0
2020 $8,658 $120,000 $0 $0
2019 $8,357 $107,300 $107,300 $0
2018 $7,840 $102,900 $0 $0
2017 $7,681 $98,200 $0 $0
2016 $7,775 $89,900 $0 $0
2015 -- $75,184 $0 $0
2014 -- $73,600 $0 $0
2013 -- $73,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Mollie Kolman

    Property Mgmt. Specialists Inc

    Section Image

  • D

    Buyer's Agent in 2020

    Douglas Milkey

    Property Mgmt. Specialists Inc

    (734) 489-3805

    3 Total Sales

    Douglas Milkey
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19869

Southwestern Michigan Association of REALTORS®

APN: 11-40-112-010

Michigan Washtenaw County Ypsilanti 48197 Ypsi Riverside

413 W Forest Ave, Ypsilanti, MI

This home is located at 413 W Forest Ave, Ypsilanti, MI 48197 since 24 February 2020 and is currently estimated at $418,800, approximately $558 per square foot. This property was built in 1885. 413 W Forest Ave is a home located in Washtenaw County with nearby schools including Estabrook Elementary School, Holmes Elementary School, and Erickson Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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