NOT LISTED FOR SALE
8 Beds
5 Baths
-- Sq Ft
1930 Built

Sale Details

Date Sold: July 8, 2022

Last sale price $394,000

15 Days on Market

About This Home

As of July 2022

WELL MAINTAINED 4-UNIT INVESTMENT PROPERTY IN PRIME CHATHAM AREA. ALL 100% RENTED WITH ROOM TO INCREASE RENTS WITH MINOR UPDATES. EACH UNIT HAS ENTRY FOYER LEADING TO LARGE LIVING ROOM TWO GENEROUS BEDROOMS, WITH DECORATIVE FIREPLACE WITH BUIIT-IN DISPLAY BOOKSHELVES. SEPARATE FORMAL DINING ROOM. NEWER WINDOWS, BACK PORCH, AND SURROUNDED BY WROUGHT IRON FFENCE. FINISHED BASEMENT WITH ONE A BEDROOM APARTMENT. ROOF LES THAN 2 YEARS OLD. ADDITIONAL ROOM FOR A STUDIO, PERFECT FOR OWNER OCCUPIED, OR ADDITIONAL RENTS. CURRENT TENANTS ON LEASE, AND LONG-TERM TENANTS THAT HAVE TURNED INTO MONTH-TO-MONTH AND PAY ALL UTILITIES. THERE IS ALSO PARKING PAD FOR 2 CARS ON THE PROPERTY, AT THE SIDE OF BUILDING. *SALE WILL BE AS IS

Last Agent to Sell the Property

Yvette Crisp

Coldwell Banker Realty License #475130368 Listed on: 04/03/2022

Coldwell Banker Realty

Last Buyer's Agent

Andriy Voloshchuk

Coldwell Banker Realty License #475178911

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,223

Year Built

  • Built in 1930

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 5 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Space is Owned

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Paved or Partially Paved Lot
  • Property is near park

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $616
  • Fuel Expense $1,205
  • Insurance Expense $2,568
  • Water Sewer Expense $3,475
  • Gross Income $43,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,223

Year Built

Built in 1930

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 5
  • Total Bedrooms: 8
  • Basement Description: Partially Finished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Off Alley
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Sidewalks, Street Lights, Street Paved

Fee Information

  • Water Sewer Expenses: 3475

Lot Info

  • Lot Dimensions: 4680
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Fuel Expense: 1205
  • Insurance Expense: 2568
  • ElectricExpense: 616
  • GrossIncome: 43920
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 4223.24
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2022
Closed on
Jun 22, 2022
Sold by
Bought by
Seller's Agent
Yvette Crisp
Coldwell Banker Realty
Buyer's Agent
Andriy Voloshchuk
Coldwell Banker Realty
List Price
$385,000
Sold Price
$394,000
Premium/Discount to List
$9,000
2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
0.0475%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 27, 2006
Sold by
Bought by

Purchase Details

Closed on
Jun 8, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,750
Interest Rate
0.0995%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$394,000 First American Title
$112,000 Chicago Title Land Trust Co
-- None Available
$101,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $288,750
Closed $114,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/08/2022 07/08/22 Sold $394,000 +2.3% --
04/19/2022 04/19/22 Pending -- -- --
04/03/2022 04/03/22 For Sale $385,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,376 $27,001 $4,688 $22,313
2024 $3,376 $27,001 $4,688 $22,313
2023 $3,291 $16,001 $7,813 $8,188
2022 $3,291 $16,001 $7,813 $8,188
2021 $3,217 $15,999 $7,812 $8,187
2020 $4,223 $18,958 $5,625 $13,333
2019 $4,328 $21,544 $5,625 $15,919
2018 $4,256 $21,544 $5,625 $15,919
2017 $4,706 $21,860 $5,000 $16,860
2016 $4,378 $21,860 $5,000 $16,860
2015 $4,006 $21,860 $5,000 $16,860
2014 $3,297 $20,336 $4,375 $15,961
2013 $3,220 $20,336 $4,375 $15,961
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11364279

Midwest Real Estate Data (MRED)
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