NOT LISTED FOR SALE

Estimated Value: $322,000 - $442,000

Studio
-- Bath
-- Sq Ft
3,049 Sq Ft Lot

Last Sold September 05, 2023

Last sale price $355,000

Est. 7% increase in value since last sale

Current estimated payment $2,481/month

4 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • 2-minute walk to Baldwin Park
  • Laundry Facilities

About This Home

As of September 2023

Welcome to 47 Packard Avenue! This property offers a fantastic opportunity for both owner occupants and investors, located just outside of Heritage Hill and East Hills neighborhood. Each unit has two bedrooms and one bathroom with updated interiors giving them a fresh and modern feel. The hardwood floors throughout add warmth and character to the living spaces. The exterior is low maintenance vinyl siding. Upstairs unit was just painted and the downstairs unit is getting brand new blinds. Both units are currently vacant, providing flexibility for new owners to choose their own tenants or move into one of the units and rent out the other to offset their living expenses. Estimated rents of $3,000 a month total. Come check out this rare opportunity in a hard to beat location today! property themselves. Situated in a desirable location, this property offers easy access to all that Heritage Hill has to offer. Enjoy nearby parks, restaurants, and vibrant community events. With convenient access to local amenities, shopping centers, and dining options, you'll never be far from the action. Don't miss out on this incredible opportunity to own a multi-family home in a sought-after neighborhood. Whether you're looking to invest or create your dream home, 47 Packard Avenue is ready to welcome its new owners. Schedule a showing today and envision the possibilities that await you in this inviting property! Any and all offers are due Friday, August 4th at 12pm (noon).

Last Agent to Sell the Property

Connor Anderson

Keller Williams GR East Listed on: 07/31/2023

Last Buyer's Agent

Mitchell Luban

Edison Brokers & Co LLC License #6506047711

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,618

Year Built

  • Built in 1890

Lot Details

  • 2,919 Sq Ft Lot
  • Lot Dimensions are 44 x 66
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,618

Year Built

Built in 1890

Lot Details

2,919 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 44 X 66
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: RESIDENTIAL-IMP
  • 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
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 350000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Dimensions: 44 X 66
  • Lot Size Sq Ft: 2919.0
  • Zoning Description: RESIDENTIAL-IMP

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2618.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2023
Closed on
Sep 8, 2023
Sold by
Grb Properties Llc
Bought by
Tubergen Benjamin
Seller's Agent
Connor Anderson
Keller Williams GR East
Buyer's Agent
Mitchell Luban
Edison Brokers & Co LLC
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Views
9
Current Estimated Value
$378,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,521
Avg. Annual Appreciation
2.57%
Original Mortgage
$301,750
Outstanding Balance
$295,168
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$83,353

Purchase Details

Closed on
May 31, 2013
Sold by
Duprey Jeremy
Bought by
Grb Properties Llc

Purchase Details

Closed on
Feb 9, 2011
Sold by
Bank Of America Na
Bought by
Duprey Jeremy

Purchase Details

Closed on
Aug 10, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Jul 6, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Bank Of America Na

Purchase Details

Closed on
Oct 14, 2009
Sold by
Komar George
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Mar 30, 2007
Sold by
Lanore Gene K
Bought by
Komar George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Interest Rate
6.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 1991
Sold by
Lahyatt G and Lanore G
Bought by
Grb Properties Llc

Purchase Details

Closed on
Mar 30, 1990
Sold by
Hytt Cranbrook
Bought by
Grb Properties Llc

Purchase Details

Closed on
Jan 19, 1989

Purchase Details

Closed on
Sep 27, 1988

Purchase Details

Closed on
Jul 28, 1986

Purchase Details

Closed on
Nov 20, 1984

Purchase Details

Closed on
Dec 21, 1981

Purchase Details

Closed on
Aug 22, 1980
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tubergen Benjamin $355,000 Bell Title
Grb Properties Llc -- None Available
Duprey Jeremy $60,000 None Available
Countrywide Home Loans Inc -- None Available
Bank Of America Na -- None Available
Federal Home Loan Mortgage Corp $138,227 None Available
Komar George $117,000 Chicago Title
Grb Properties Llc -- --
Grb Properties Llc $49,900 --
-- $33,100 --
-- $100 --
-- $34,100 --
-- $34,500 --
-- $34,000 --
-- $31,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tubergen Benjamin $301,750
Previous Owner Komar George $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2023 09/05/23 Sold $355,000 +1.4% --
08/04/2023 08/04/23 Pending -- -- --
07/31/2023 07/31/23 For Sale $350,000 -- --
Source: MichRIC

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 $6,141 $136,100 $0 $0
2024 $61 $123,100 $0 $0
2023 $2,754 $102,600 $0 $0
2022 $2,618 $93,100 $0 $0
2021 $2,551 $87,800 $0 $0
2020 $2,465 $84,100 $0 $0
2019 $2,524 $75,300 $0 $0
2018 $2,447 $67,100 $0 $0
2017 $2,387 $50,500 $0 $0
2016 $2,399 $47,700 $0 $0
2015 $2,285 $47,700 $0 $0
2013 -- $39,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23027425

MichRIC

APN: 41-14-30-430-036

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