NOT LISTED FOR SALE

Estimated Value: $185,000 - $283,313

6 Beds
2 Baths
1,536 Sq Ft
$162/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $215,000 $140 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,812/month

8 Days on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • 4-minute walk to Pease Park
  • Covered Patio or Porch
  • Ceiling Fan

About This Home

As of January 2021

6 bedroom, 2 full bathroom home in prime area near EMU. Currently rents for $2,800 per month with lease till 08/22/2021. This beautiful home has 20 years of 100% occupancy!!! Landlords, take a close look at this one. Showings on Thursday between 2:30-6. Offer must be accepted by 11/15/2020 and close no later then 12/15/2020. Rent rolls and income statement available at showings.

Last Agent to Sell the Property

Ben Hendricks

Realty Ink License #6501348934 Listed on: 11/02/2020

Last Buyer's Agent

Ben Hendricks

Realty Ink License #6501348934 Listed on: 11/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 56.00x57.00

Home Design

  • Colonial Architecture
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,536 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Partially Finished Basement

Parking

  • 8 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Community Details

  • 2 Units
  • Western Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111140111007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,520

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1900
  • State Equalized Value: 71300.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Partially Finished
  • Sq Ft Combined: 2322
  • Sq Ft Lower Floor: 786
  • Total Sq Ft: 1536
  • Sq Ft Total Bsmt: 1025

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Wood
  • Foundation Materials: Block
  • Frontage Feet: 56
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s)
  • Heating: Forced Air
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: Ypsilanti

Lot Info

  • List Price per Acre: 3700000.0000
  • Lot Size Area: 0.07
  • Lot Dimensions: 56.00X57.00
  • Parcel Number: 111140111007
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2800

Tax Info

  • Tax Amount Summer: 4351.0000
  • Tax Amount Winter: 169.0000
  • Total Tax: 4520.0000
  • Taxable Value: 50496.0000

Multi Family

  • Gross Scheduled Income: 33600.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Ypsilanti

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2020
Closed on
Jan 28, 2021
Sold by
Barnes & Barnes Properties Llc
Bought by
Sandy Mcfiddish Llc
Seller's Agent
Ben Hendricks
Realty Ink
Buyer's Agent
Ben Hendricks
Realty Ink
List Price
$259,000
Sold Price
$215,000
Premium/Discount to List
-$44,000
-16.99%
Current Estimated Value
$248,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,828
Avg. Annual Appreciation
3.39%
Original Mortgage
$2,274,823
Outstanding Balance
$2,040,429
Interest Rate
2.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$1,789,538

Purchase Details

Closed on
Jul 1, 2006
Sold by
Barnes Robert C and Barnes Sharon L
Bought by
Barnes & Barnes Properties Llc
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
Sandy Mcfiddish Llc $1,345,000 Cislo Ttl Co Ttl Ins & Escro
Barnes & Barnes Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandy Mcfiddish Llc $2,274,823
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $215,000 -17.0% $140 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $259,000 -- $169 / 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
2025 $5,830 $99,100 $0 $0
2024 $5,830 $91,900 $0 $0
2023 $6,596 $91,300 $0 $0
2022 $7,088 $83,300 $0 $0
2021 $4,425 $76,500 $0 $0
2020 $4,524 $71,300 $0 $0
2019 $4,367 $63,900 $63,900 $0
2018 $4,097 $59,200 $0 $0
2017 $4,013 $56,800 $0 $0
2016 $4,063 $46,977 $0 $0
2015 -- $46,837 $0 $0
2014 -- $45,800 $0 $0
2013 -- $45,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200090545

Realcomp

APN: 11-40-111-007