NOT LISTED FOR SALE

423 Steward Ave Jackson, MI 49201

Downtown Jackson Neighborhood

Estimated Value: $89,000 - $118,000

5 Beds
2 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold January 10, 2020

Last sale price $40,000

Est. 161% increase in value since last sale

Current estimated payment $706/month

100 Days on Market

About This Home

As of January 2020

AMAZING INVESTMENT OPPORTUNITY! Have you ever wondered whether being a Landlord was attainable? Looking to supplement your retirement with an Investment that will offer amazing return on your investment? Well, here's your opportunity! 2 Unit Rental opportunity close to Downtown and within minutes of all that Jackson has to offer. Tenants are currently Month to Month. Beautiful hardwood floors in the Lower Unit, along with an enormous Master Bedroom space. Owner currently pays Water and Electric.

Last Agent to Sell the Property

Kimberly Kurtz

EXIT REALTY 1ST LLC License #6502343614 Listed on: 06/26/2019

EXIT REALTY 1ST LLC

Last Buyer's Agent

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

NON-MEMBER REALTOR 'SOLD'

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $949

Year Built

  • Built in 1923

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40x100

Home Design

  • Stucco

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for water

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $2,210
  • Net Operating Income $34,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$949

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1923
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40x100
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 949.05
  • Waterfront Options:Water Access YN: No Water Selection
  • General Property Info:Total _pound_ Units: 2
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Location Property Info:Subdivision2: None
  • Heat Type:Space Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full

Exterior Features

  • Construction Materials: Stucco
  • List Price: 47900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No
  • Exterior Material:Stucco: Yes

Utilities

  • Heating: Space Heater, Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public, Other

Association/Amenities

  • Association Info:Assoc Fee Payable: None

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 40x100
  • Lot Size Sq Ft: 3920.4
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water

Multi Family

  • Net Operating Income: 34800.0
  • Number of Units Total: 2
  • Operating Expense: 2210.0

Tax Info

  • Tax Annual Amount: 949.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2020
Sold by
Lerolland Wagner Mariah and Bambling Malcolm
Bought by
423 Steward Ave Llc
Current Estimated Value
$104,363

Purchase Details

Listed on
Jun 26, 2019
Closed on
Jan 9, 2020
Sold by
Stewart Street Rental Property Llc
Bought by
Lerolland Wagner Mariah and Bambling Malcolm
Seller's Agent
Kimberly Kurtz
EXIT REALTY 1ST LLC
Buyer's Agent
NON-MBR 'SOLD' NON-MBR 'SOLD'
NON-MEMBER REALTOR 'SOLD'
Sold Price
$40,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.98%

Purchase Details

Closed on
Sep 24, 2009
Sold by
Foster Kevin and Foster Judy
Bought by
Steward Street Rental Property Llc

Purchase Details

Closed on
Jun 12, 2008
Sold by
Wells Fargo Bank Na
Bought by
Hud

Purchase Details

Closed on
Jun 30, 2006
Sold by
Daley David M and Daley Nicholas P
Bought by
Surratt Nichalas D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,508
Interest Rate
6.68%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 1999
Sold by
Lapham Lucy A and Nabozny Jeanette R
Bought by
Daley Nicholas P and Daley David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,260
Interest Rate
7.69%
Mortgage Type
Purchase Money Mortgage
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
423 Steward Ave Llc -- None Available
Lerolland Wagner Mariah $40,000 Midstate Ttl Agcy Of Souther
Steward Street Rental Property Llc -- Prestige Title Insurance Age
Hud -- None Available
Surratt Nichalas D $88,200 At
Daley Nicholas P $51,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Surratt Nichalas D $87,508
Previous Owner Daley Nicholas P $46,260
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2020 01/10/20 Sold $40,000 -- --
10/04/2019 10/04/19 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 $1,883 $39,000 $0 $0
2024 $1,629 $37,200 $0 $0
2023 $1,563 $32,400 $0 $0
2022 $1,722 $26,300 $0 $0
2021 $1,704 $24,100 $0 $0
2020 $1,023 $22,000 $0 $0
2019 $995 $16,850 $0 $0
2018 $949 $19,350 $0 $0
2017 $870 $18,500 $0 $0
2016 $750 $16,000 $16,000 $0
2015 $1,055 $13,400 $13,400 $0
2014 $1,055 $17,000 $0 $0
2013 -- $17,000 $17,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Kurtz

    Seller's Agent in 2020

    Kimberly Kurtz

    EXIT REALTY 1ST LLC

    (517) 796-9300

    86 Total Sales

    Kimberly Kurtz
    Section Image

  • N

    Buyer's Agent in 2020

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

    NON-MEMBER REALTOR 'SOLD'

See All Agents

Map

Source: MichRIC

MLS Number: 21034886

MichRIC

APN: 2-060200000

Michigan Jackson County Jackson 49201 Downtown Jackson

423 Steward Ave, Jackson, MI

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