NOT LISTED FOR SALE

422 W Trail St Jackson, MI 49201

Downtown Jackson Neighborhood

Estimated Value: $98,000 - $123,000

3 Beds
2 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold December 17, 2018

Last sale price $47,900

Est. 140% increase in value since last sale

Current estimated payment $795/month

16 Days on Market

About This Home

As of December 2018

Live in one while you pay your mortgage with the rent from the other! 1st unit: enclosed rear porch has added enclosed, extra storage space; remodeled bath; formal dining room with storage closet, bdrm features built-in storage; large living room windows provide plenty of natural light! 2nd unit: enclosed 3 seasons porch leads to quaint kitchen and newly remodeled bath; 1st bdrm has his/her closets; 2nd bdrm has large windows and natural hard wood floors which is shared by the L shaped nook.

Last Agent to Sell the Property

Crystal LeFaive

ERA REARDON REALTY, L.L.C. License #6501414690 Listed on: 10/16/2018

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

NON-MBR 'SOLD' NON-MBR 'SOLD'

NON-MEMBER REALTOR 'SOLD'

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $922

Year Built

  • Built in 1940

Lot Details

  • 6,970

Home Design

  • Wood Siding
  • Aluminum Siding

Additional Features

  • 6,970 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • Operating Expense $9,562
  • Net Operating Income $25,358

Listing and Financial Details

  • The owner pays for water, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$922

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding
  • List Price: 47900.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6969.6

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Net Operating Income: 25358.25
  • Operating Expense: 9561.75

Tax Info

  • Tax Annual Amount: 921.75

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2018
Closed on
Dec 17, 2018
Sold by
Rice Investments Llc
Bought by
Turkpence Ahu
Seller's Agent
Crystal LeFaive
ERA REARDON REALTY, L.L.C.
Buyer's Agent
NON-MBR 'SOLD' NON-MBR 'SOLD'
NON-MEMBER REALTOR 'SOLD'
Sold Price
$47,900
Current Estimated Value
$115,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,186
Avg. Annual Appreciation
12.01%

Purchase Details

Closed on
Nov 28, 2005
Sold by
Rice David L and Rice Amanda
Bought by
Rice Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,600
Interest Rate
6.2%
Mortgage Type
Fannie Mae Freddie Mac
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
Turkpence Ahu $47,900 None Available
Rice Investments Llc -- At
Rice David L $62,000 At
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rice David L $49,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2018 12/17/18 Sold $47,900 -- --
11/01/2018 11/01/18 Pending -- -- --
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 $2,321 $31,700 $0 $0
2024 $22 $30,200 $0 $0
2023 $831 $26,100 $0 $0
2022 $915 $21,600 $0 $0
2021 $1,038 $19,350 $0 $0
2020 $3,515 $17,350 $0 $0
2019 $1,190 $12,400 $0 $0
2018 $3,261 $14,050 $0 $0
2017 $863 $13,450 $0 $0
2016 $879 $15,800 $15,800 $0
2015 $1,110 $18,950 $18,950 $0
2014 $1,110 $17,900 $0 $0
2013 -- $17,900 $17,900 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Crystal LeFaive

    ERA REARDON REALTY, L.L.C.

    (517) 937-2062

    22 Total Sales

    Crystal LeFaive
    Section Image

  • N

    Buyer's Agent in 2018

    NON-MBR 'SOLD' NON-MBR 'SOLD'

    NON-MEMBER REALTOR 'SOLD'

See All Agents

Map

Source: MichRIC

MLS Number: 21034960

MichRIC

APN: 2-092100000

Michigan Jackson County Jackson 49201 Downtown Jackson

422 W Trail St, Jackson, MI

Not Listed for Sale

MultiFamily

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