Seller's Agent in 2020
Debora Summers
The Brokaw Group
(810) 683-4767
4 in this area
120 Total Sales
421 Jefferson St Lapeer, MI 48446
Estimated Value: $209,863 - $238,000
4
Beds
2
Baths
1,806
Sq Ft
$124/Sq Ft
Est. Value
Highlights
- Porch
- Ceiling Fan
- High Speed Internet
- Forced Air Heating and Cooling System
- Private Entrance
- 4-minute walk to Veterans Memorial Park Lapeer Michigan
About This Home
As of March 2020Multifamily Investment Opportunity, City of Lapeer! Home well maintained inside and out! Currently the upper unit is rented for $375 every 2 weeks. Lower unit is vacant and just waiting for you to decide to live in or rent and was previously rented for $400 every 2 weeks. Upper unit has oak kitchen, lots of cabinets, tiled bathroom, 2 generous bedrooms, and living room. Lower unit was just freshly painted, has 2 bedrooms, oak kitchen, dining room with hardwood floors, tiled bathroom, A/C and basement access. Both units have separate utilities and their own laundry facilities in each unit. New high efficiency furnace installed 2017. Potential projected annual gross income is $20,150. Both units city certified for 2 years in August 2019 and are MSHDA approved. Walking distance to dining/shopping. Easy access to M-24, I-69. Buyer to pay seller's title insurance, transfer tax and title company closing fees at close. Great ROI over 13%, investment should pay for itself in just over 7 years!
Last Agent to Sell the Property
The Brokaw Group License #6506048370 Listed on: 08/31/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1900 | Remodeled in 2017
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 46x100
- Private Entrance
Home Design
- Block Foundation
- Asphalt Roof
- Vinyl Construction Material
Interior Spaces
- 2 Full Bathrooms
- 1,806 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Unfinished Basement
Parking
- 2 Parking Spaces
- On-Street Parking
- Assigned Parking
Outdoor Features
- Porch
Utilities
- Forced Air Heating and Cooling System
- Space Heater
- Heating System Uses Natural Gas
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number L206540004000
Community Details
Overview
- 2 Units
- City Of Lapeer Original Plat Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 31, 2019
Closed on
Mar 13, 2020
Sold by
Atyeo and Andrea
Bought by
Titan Land Company Llc
Seller's Agent
Debora Summers
The Brokaw Group
Buyer's Agent
Raymond Mashni
Premier Real Estate Management
List Price
$156,900
Sold Price
$142,500
Premium/Discount to List
-$14,400
-9.18%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,716
Avg. Annual Appreciation
8.39%
Purchase Details
Listed on
Aug 31, 2019
Closed on
Mar 11, 2020
Sold by
Atyeo Scott and Schroeder Andrea
Bought by
Titan Land Company Llc
Seller's Agent
Debora Summers
The Brokaw Group
Buyer's Agent
Raymond Mashni
Premier Real Estate Management
List Price
$156,900
Sold Price
$142,500
Premium/Discount to List
-$14,400
-9.18%
Purchase Details
Closed on
Sep 1, 1993
Bought by
Atyeo
Purchase Details
Closed on
Dec 1, 1989
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Titan Land Company Llc | $142,500 | Cislo Title | |
| Titan Land Company Llc | $142,500 | Cislo Ttl Co Ttl Ins & Escro | |
| Titan Land Company Llc | $142,500 | Cislo Title | |
| Atyeo | $60,000 | -- | |
| -- | $54,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/11/2020 03/11/20 | Sold | $142,500 | 0.0% | $79 / Sq Ft |
| 02/28/2020 02/28/20 | Pending | -- | -- | -- |
| 02/10/2020 02/10/20 | Off Market | $142,500 | -- | -- |
| 10/07/2019 10/07/19 | Price Changed | $149,900 | -4.5% | $83 / Sq Ft |
| 08/31/2019 08/31/19 | For Sale | $156,900 | 0.0% | $87 / Sq Ft |
| 12/11/2017 12/11/17 | Rented | $866 | 0.0% | -- |
| 12/10/2017 12/10/17 | Under Contract | -- | -- | -- |
| 08/16/2017 08/16/17 | For Rent | $866 | -- | -- |
Source: Realcomp
Tax History Compared to Growth
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 | $3,564 | $100,000 | $0 | $0 |
| 2024 | $1,519 | $73,000 | $0 | $0 |
| 2023 | $1,430 | $72,900 | $0 | $0 |
| 2022 | $3,471 | $80,300 | $0 | $0 |
| 2021 | $3,271 | $70,700 | $0 | $0 |
| 2020 | $1,832 | $48,900 | $0 | $0 |
| 2019 | $1,627 | $45,000 | $0 | $0 |
| 2018 | $1,589 | $46,800 | $46,800 | $0 |
| 2017 | $1,558 | $42,000 | $0 | $0 |
| 2016 | $647 | $41,000 | $41,000 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $34,200 | $34,200 | $0 |
| 2013 | -- | $31,600 | $31,600 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Debora Summers
-
Raymond Mashni
Buyer's Agent in 2020
Raymond Mashni
Premier Real Estate Management
(248) 813-7735
4 Total Sales
-
James Luisier
Seller's Agent in 2017
James Luisier
Realty Executives
(810) 287-0752
3 in this area
31 Total Sales
Map
Source: Realcomp
MLS Number: 219088637
APN: L20-65-400-040-00
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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