NOT LISTED FOR SALE

424 Elm St Lowell, MI 49331

Estimated Value: $276,000 - $392,000

-- Bed
2 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold March 01, 2022

Last sale price $249,900

Est. 31% increase in value since last sale

Current estimated payment $2,146/month

5 Days on Market

Highlights

  • 1 Fireplace
  • Corner Lot: Yes
  • 2-minute walk to Fallasburg Park
  • Cherry Creek Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of March 2022

Great opportunity to own an income property in the heart of Lowell. Completely modernized and updated throughout. 6 total beds and 2 full bath. Ample storage space and a two stall detached garage with separate parking. Close to Richards Park and within walking distance to everything Lowell has to offer, Call today for your personal tour.

Last Agent to Sell the Property

Mandie Jones

Home Quest Realty License #6501350298 Listed on: 02/11/2022

Last Buyer's Agent

Kendra Havemeier

Bellabay Realty (North) License #6502407311

Bellabay Realty (North)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,774

Year Built

  • Built in 1880

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 197x66
  • Corner Lot: Yes

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,774

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 197x66
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2774.0
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Cable2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 249900.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Heating: Forced Air, Electric, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Phone Connected, Natural Gas Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 197x66
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2774.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2022
Closed on
Mar 1, 2022
Sold by
Hults Jr Robert J
Bought by
Grala Luke and Grala Erika
Seller's Agent
Mandie Jones
Home Quest Realty
Buyer's Agent
Kendra Havemeier
Bellabay Realty (North)
List Price
$249,900
Sold Price
$249,900
Current Estimated Value
$326,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,566
Avg. Annual Appreciation
7.37%

Purchase Details

Listed on
Oct 20, 2015
Closed on
Dec 2, 2015
Sold by
Grilley Joyce
Bought by
Hults Robert J
Seller's Agent
Dale Rogers
Rogers Real Estate Group, Inc
Buyer's Agent
Dale Rogers
Rogers Real Estate Group, Inc
List Price
$20,000
Sold Price
$20,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.89%

Purchase Details

Closed on
Jan 17, 2008
Sold by
Morrison Tammy J
Bought by
Grilley Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,662
Interest Rate
6.22%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2007
Sold by
Morrison Llc and Morrison Steven J
Bought by
Morrison Tammy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 1999
Bought by
Morrison Llc and Grilley Joyce

Purchase Details

Closed on
Jun 5, 1992
Bought by
Grilley Nederveld and Grilley Joyce

Purchase Details

Closed on
Apr 1, 1984
Sold by
Den Boer
Bought by
Grilley Leson and Grilley Joyce

Purchase Details

Closed on
Dec 16, 1972
Sold by
Seeley L R
Bought by
Den Boer D and Grilley Joyce
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Grala Luke $249,900 Sun Title
Hults Robert J $20,000 Sun Title Agency Of Mi Llc
Grilley Joyce $119,600 Chicago Title
Morrison Tammy J $90,000 None Available
Morrison Llc $88,000 --
Grilley Nederveld $45,000 --
Grilley Leson $39,900 --
Den Boer D $18,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grilley Joyce $118,662
Previous Owner Morrison Tammy J $87,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2022 03/01/22 Sold $249,900 0.0% --
02/16/2022 02/16/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $249,900 +1149.5% --
12/07/2015 12/07/15 Sold $20,000 0.0% $9 / Sq Ft View Prior Sale
10/20/2015 10/20/15 Pending -- -- --
10/20/2015 10/20/15 For Sale $20,000 -- $9 / Sq Ft
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 $5,126 $130,300 $0 $0
2024 $5,126 $119,300 $0 $0
2023 $4,897 $104,900 $0 $0
2022 $3,823 $84,300 $0 $0
2021 $3,731 $78,200 $0 $0
2020 $2,747 $69,100 $0 $0
2019 $3,656 $63,000 $0 $0
2018 $3,827 $56,400 $0 $0
2017 $1,118 $15,300 $0 $0
2016 $956 $57,900 $0 $0
2015 -- $57,900 $0 $0
2013 -- $40,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22004266

MichRIC

APN: 41-20-02-337-001