Seller's Agent in 2024
Joe Hammel
Keller Williams Somerset
(248) 422-1685
1 in this area
1,050 Total Sales
46465 Willis Rd Belleville, MI 48111
Sumpter Township NeighborhoodEstimated Value: $980,000 - $981,703
19
Beds
12
Baths
9,523
Sq Ft
$103/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Forced Air Heating System
- Garage
- Ranch Style House
About This Home
As of October 2024This charming, fully occupied Sumpter Township 12-unit property is comprised of two duplexes, one triplex, one quad and a stand alone single family all on one parcel. There is also a land space with a garage on the back of the parcel perfect for renting to trailers, boats and other storage seekers. The properties have been well maintained over the years with historically terrific occupancy. Appraised previously at a 6.75% cap rate. Utility meters are separated by unit, and with an already outstanding NOI, there is significant value-add opportunity, too, in both raising rents and renting the land and garage storage spaces. Moreover, this can be done with low capital on the front end as the seller is in the process of passing all city inspections, which will be completed by closing. Huge bonus there as with the property being as turnkey as can be expected for a MF property, post-close, your only job is to maximize the NOI and valuation of the property with efficient operations. Owner statement, rent roll, and walk through videos of recently occupied unit available upon request.
Last Agent to Sell the Property
Keller Williams Somerset License #6501422602 Listed on: 06/20/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1946
Lot Details
- 1.38 Acre Lot
- Lot Dimensions are 95x635x636x96
Parking
- Garage
Home Design
- 9,523 Sq Ft Home
- Colonial Architecture
- Ranch Style House
- Slab Foundation
- Vinyl Construction Material
Bedrooms and Bathrooms
- 12 Full Bathrooms
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 81034990004000
Community Details
Overview
- 12 Units
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2024
Closed on
Oct 22, 2024
Sold by
Sharon Ct Properties Llc
Bought by
Atma Peoperties Inc
Seller's Agent
Joe Hammel
Keller Williams Somerset
Buyer's Agent
Joe Hammel
Keller Williams Somerset
List Price
$940,000
Sold Price
$930,000
Premium/Discount to List
-$10,000
-1.06%
Views
60
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,858
Avg. Annual Appreciation
5.48%
Original Mortgage
$697,500
Outstanding Balance
$689,957
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$290,969
Purchase Details
Closed on
Aug 1, 2022
Sold by
Sharon Court Properties Llc
Bought by
Sharon Ct Properties Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,500
Interest Rate
5.22%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 26, 2022
Sold by
Geery Christina Undine Lydia Hawkins
Bought by
Burnett James O and Cox-Burnett Robin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,500
Interest Rate
5.22%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Atma Peoperties Inc | $930,000 | None Listed On Document | |
| Atma Peoperties Inc | $930,000 | None Listed On Document | |
| Sharon Ct Properties Llc | $846,000 | Liberty Title | |
| Sharon Court Properties Llc | -- | Liberty Title | |
| Sharon Court Properties Llc | -- | Liberty Title | |
| Burnett James O | $350,000 | Liberty Title | |
| Burnett James O | $350,000 | Liberty Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Atma Peoperties Inc | $697,500 | |
| Closed | Atma Peoperties Inc | $697,500 | |
| Previous Owner | Sharon Court Properties Llc | $634,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/22/2024 10/22/24 | Sold | $930,000 | -1.1% | $98 / Sq Ft |
| 08/09/2024 08/09/24 | Pending | -- | -- | -- |
| 06/20/2024 06/20/24 | For Sale | $940,000 | -- | $99 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 | $4,325 | $399,100 | $0 | $0 |
| 2024 | $4,325 | $389,100 | $0 | $0 |
| 2023 | $4,125 | $351,800 | $0 | $0 |
| 2022 | $6,827 | $309,400 | $0 | $0 |
| 2021 | $6,664 | $302,900 | $0 | $0 |
| 2020 | $6,588 | $262,000 | $0 | $0 |
| 2019 | $6,493 | $276,300 | $0 | $0 |
| 2018 | $1,430 | $233,000 | $0 | $0 |
| 2017 | $9,644 | $233,300 | $0 | $0 |
| 2016 | $5,934 | $233,700 | $0 | $0 |
| 2015 | $11,761 | $211,900 | $0 | $0 |
| 2013 | $11,393 | $170,100 | $0 | $0 |
| 2012 | $1,275 | $156,900 | $16,400 | $140,500 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Hammel
-
Michael Helfant
Seller Co-Listing Agent in 2024
Michael Helfant
Keller Williams Somerset
(248) 649-7200
1 in this area
117 Total Sales
Map
Source: Realcomp
MLS Number: 20240041672
APN: 81-034-99-0004-000
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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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