NOT LISTED FOR SALE

421 Pine St Clio, MI 48420

Estimated Value: $254,516 - $279,000

6 Beds
4 Baths
2,280 Sq Ft
$117/Sq Ft Est. Value

Last Sold September 13, 2024

Last sale price $249,000 $109 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,871/month

33 Days on Market

About This Home

As of September 2024

Introducing a fantastic investment opportunity in the heart of Clio, Michigan - a beautifully renovated multi-family property! This newly rejuvenated property boasts four separate units, each thoughtfully designed to provide both comfort and convenience to its residents. With a fresh makeover in 2023, this property is ready to impress and generate substantial rental income for savvy investors. Property Features: Four separate and distinct units, offering a diverse range of accommodation options to cater to various tenant needs. Two of the units feature 1 bedroom and 1 bathroom, providing cozy and efficient living space. The other two units offer 2 bedrooms and 1 bathroom each, allowing for more spacious living arrangements. All units come equipped with essential appliances, including a refrigerator and stove, minimizing the initial investment. Ample parking space is available on-site, ensuring convenience and peace of mind for both residents and guests. All units are rented with a lease contract for 1 year. Please do not disturb tenants! Certificates of inspection for the 4 furnaces and contract where the foundation and chimney were repaired are available in the documents in the MLS. Foundation and chimney repairs just were done last year. BATVAI.

Last Agent to Sell the Property

Sara Stanley

Keller Williams Premier License #6501445954 Listed on: 07/18/2024

Keller Williams Premier

Last Buyer's Agent

Destiny Clements

Keller Williams First License #6501449083

Keller Williams First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920 | Remodeled in 2023

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 73.00 x 286.00

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 2,280 Sq Ft Home
  • 1.5-Story Property

Basement

  • Sump Pump
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 5122200009

Community Details

Overview

  • 4 Units

Pet Policy

  • Breed Restrictions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,438

Year Built

Built in 1920 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 1 1/2 Story
  • Assessment: 279.00
  • Year Built: 1920
  • State Equalized Value: 78300.0000
  • Year Renovated: 2023
  • Foundation Features: Sump Pump
  • Pets Allowed: Breed Restrictions
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Sq Ft Combined: 2280
  • Total Sq Ft: 2280
  • Sq Ft Total Bsmt: 468

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Crawl, Michigan Basement
  • Construction Materials: Vinyl
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Schools

  • School District: Clio

Lot Info

  • Lot Size Area: 0.48
  • Lot Dimensions: 73.00 x 286.00
  • Parcel Number: 5122200009
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Snow Removal, Water, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3300

Tax Info

  • Tax Amount Summer: 3549.0000
  • Tax Amount Winter: 1889.0000
  • Total Tax: 5438.0000
  • Taxable Value: 78300.0000

Multi Family

  • Gross Scheduled Income: 39600.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 4

MLS Schools

  • School District: Clio

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2022
Sold by
Jennifer Oliver
Bought by
Good Fd Investments Llc
Current Estimated Value
$266,129

Purchase Details

Listed on
Mar 4, 2016
Closed on
Aug 4, 2016
Sold by
Jmp Property Llc
Bought by
Oliver Jennifer L
Seller's Agent
Jennifer Laframboise-Oliver
Elite Real Estate Professionals, Inc.
Buyer's Agent
Jennifer Laframboise-Oliver
Elite Real Estate Professionals, Inc.
List Price
$70,000
Sold Price
$65,000
Premium/Discount to List
-$5,000
-7.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.58%

Purchase Details

Closed on
Mar 3, 2015
Sold by
The To Do Man Llc
Bought by
Jmp Property Llc

Purchase Details

Closed on
Sep 13, 2011
Sold by
Whitson Holdings Llc
Bought by
The To Do Man Llc

Purchase Details

Closed on
Mar 3, 2011
Sold by
Mcroberts Kenneth M
Bought by
Whitson Holdings Llc

Purchase Details

Closed on
Sep 24, 2001
Sold by
Carpenter Melvin Rick and Carpenter Pamela J
Bought by
Mcroberts Kenneth M
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
Good Fd Investments Llc $120,000 Dream Title & Escrow
Oliver Jennifer L $65,000 None Available
Jmp Property Llc -- First American Title Ins Co
The To Do Man Llc $28,500 Cislo Title Co
Whitson Holdings Llc $8,000 Cislo Title Company
Mcroberts Kenneth M $67,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2024 09/13/24 Sold $249,000 0.0% $109 / Sq Ft
08/21/2024 08/21/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $249,000 +283.1% $109 / Sq Ft
08/05/2016 08/05/16 Sold $65,000 -7.1% $29 / Sq Ft View Prior Sale
07/29/2016 07/29/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $70,000 -- $31 / 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 $5,519 $98,400 $0 $0
2024 $3,723 $117,300 $0 $0
2023 $3,549 $78,300 $0 $0
2022 $2,968 $71,300 $0 $0
2021 $2,885 $58,200 $0 $0
2020 $1,852 $54,200 $0 $0
2019 $1,782 $51,900 $0 $0
2018 $2,642 $36,700 $0 $0
2017 $2,567 $36,700 $0 $0
2016 $2,604 $37,100 $0 $0
2015 $2,457 $34,100 $0 $0
2012 -- $33,500 $11,300 $22,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20240050445

Realcomp

APN: 51-22-200-009