NOT LISTED FOR SALE

4364 Manhattan E Traverse City, MI 49685

Estimated Value: $630,000 - $856,000

2 Beds
2 Baths
3,780 Sq Ft
$196/Sq Ft Est. Value

Last Sold September 16, 2016

Last sale price $315,000 $83 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $4,608/month

123 Days on Market

About This Home

As of September 2016

NEWER QUAD-PLEX IN SUPER HIGH DEMAND AREA -10 min to downtown TC -- built 1999 --4-units each a 2 bedroom, 1.5 bath, 1-car garage 2-story apartment situated on nice 1-acre parcel in family neighborhood! Currently fully rented with month to month long term tenants --ALL at underpriced rental amounts --washer/dryer hook ups, private patios, 900+ sq foot units each with their own private 1-car garage. Nat gas hot water heat included in tenants rent ran $1050 total for 2015, maintenance including snow removal & lawn maintenance ran $2195 for 2015. These units should be rented out for likely no less than $950+ per month because includes their heat (in my opinion). Currently $750/month with mostly all long term renters (and we know why with a deal like that). Current landlord allows pets & doesn't charge extra monthly or pet deposit. Some light cosmetic work needed inside & out. Full price offer includes $3000 allowance for cosmetic updating inside & out. Tenants pays for their own electric (water heater, stove & dryer hook ups are all electric), garbage & cable. No active written leases currently in place. NO CONTACT WITH TENANTS PLEASE!!

Last Agent to Sell the Property

Carol Franklin

BAYSHORE GROUP REALTY License #6502364792 Listed on: 05/01/2016

Last Buyer's Agent

Pam Stowe

REO-TCRandolph-233022 License #6501285177

REO-TCRandolph-233022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,197

Year Built

  • Built in 1999

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 150'x300'
  • Sprinkler System
  • The community has rules related to zoning restrictions

Home Design

  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,780 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Disposal

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • Patio

Utilities

  • Well
  • Cable TV Available

Listing and Financial Details

  • Rent includes snow removal, heating/cooling, water, sewer

Community Details

Overview

  • 4 Units
  • Manhattan Estates Community

Amenities

  • Common Area

Pet Policy

  • Pets Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,197

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: 4 - Plex, Apartment Complex
  • Style: 2 Story, Apartment
  • Estimated Year Built: 1999
  • Construction: Frame
  • Section Number: 10
  • Year Updated: 1999
  • Year Renovated: 1999
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1999

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Disposal, Ceiling Fan
  • Interior Amenities: Laundry Hook-Up, Drywall
  • Price Per Sq Ft: 83.33
  • Range: R 12W
  • Total Finished Sf Apx: 3780

Exterior Features

  • Exterior Features: Patio, Sprinkler System
  • Exterior Finish: Vinyl Siding
  • Number Of Acres: 1
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: One Car, Paved Driveway, Garage For Each Unit, Door Opener

Utilities

  • Sewer: Private Septic
  • Tv Service Internet Avail: Cable Tv, Wifi
  • Water: Private Well
  • Heating Cooling Type: Hot Water
  • Monthly Electricity Expense: 30
  • Monthly Heat Expense: 90

Association/Amenities

  • Development Amenities: Pets Allowed, Common Area
  • Development Name: Manhattan Estates

Schools

  • School District: Traverse City Area Public Schools

Lot Info

  • Lot Dimensions: 150'x300'
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Multi-Family

Rental Info

  • Included In Lease: Snow Removal, Heating/Cooling, Water, Sewer

Multi Family

  • Total Number Units: 4

MLS Schools

  • School District: Traverse City Area Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2016
Closed on
Sep 16, 2016
Seller's Agent
Carol Franklin
BAYSHORE GROUP REALTY
Buyer's Agent
Pam Stowe
REO-TCRandolph-233022
List Price
$324,900
Sold Price
$315,000
Premium/Discount to List
-$9,900
-3.05%
Current Estimated Value
$742,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,526
Avg. Annual Appreciation
9.87%

Purchase Details

Closed on
May 30, 2014

Purchase Details

Closed on
Jan 17, 2013

Purchase Details

Closed on
May 18, 1999
Source: Public Records

Range of Values:

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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
-- $315,000 --
-- -- --
-- -- --
-- $37,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2016 09/16/16 Sold $315,000 -3.0% $83 / Sq Ft
09/01/2016 09/01/16 Pending -- -- --
05/01/2016 05/01/16 For Sale $324,900 -- $86 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $8,197 $286,500 $0 $0
2024 $6,799 $265,500 $0 $0
2023 $6,490 $210,600 $0 $0
2022 $7,419 $217,000 $0 $0
2021 $7,209 $210,600 $0 $0
2020 $7,138 $193,300 $0 $0
2019 $6,790 $158,300 $0 $0
2018 $6,862 $158,800 $0 $0
2017 -- $168,000 $0 $0
2016 -- $143,400 $0 $0
2014 -- $125,500 $0 $0
2012 -- $105,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1815464

Northern Great Lakes REALTORS® MLS

APN: 08-237-006-00