NOT LISTED FOR SALE

471 S Main St Adrian, MI 49221

Adrian Area
-- Bed
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: May 31, 2022

Last sale price $148,000

37 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • 3-minute walk to Fee Park
  • High Speed Internet
  • Wood Siding

About This Home

As of May 2022

2 unit Income property in the City of Adrian, close to Adrian Colleges. The Lower Unit offers 3 beds and 1 Bath, A large Mudroom, with Laundry hook-ups, Large bedrooms, Absolutely stunning woodwork in the Foyer and Bannister to the Upper Unit, and a large Living Room. The Upper Unit has 2 beds and 1 bath. It offers 9' Ceilings, Large bedrooms, Large Living Room, Laundry hook-ups in the basement, and has a stairwell that leads to attic space that could be finished to add additional living space. Tenants will enjoy the Wrap-Around deck on the front of the Home and the deck on the back of the home. 2 Car Detached Garage can e be utilized as additional perking for the Tenants. Total monthly rents are $1,610 combined and City Inspections were just completed in December 2021. Both Units occupied

Last Agent to Sell the Property

Mike Kendall

Executive Brokers Residential and Commercial Real Estate License #6506048214 Listed on: 03/13/2022

Last Buyer's Agent

MichRIC Non-Member

NON-MEMBER REALTOR 'LIST'

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,158

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 58x113x120x140
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Gross Income $19,320

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,158

Year Built

Built in 1900

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • Driveway:Driveway: Gravel
  • Mineral Rights:Mineral Rights: Unknown
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: High Speed Internet, Cable Available, Natural Gas Available, Public Sewer, Public Water, Phone Available
  • Lot Description:Lot Description: Level, Sidewalk
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 152900.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Roofing:Roofing: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel
  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Natural Gas Available, Phone Available
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Forced Air

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 58x113x120x140
  • Lot Size Sq Ft: 7405.0

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 19320.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2158.0
  • Tax Year: 2021

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

Closed on
Apr 28, 2016
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
$45,948
Interest Rate
0.0371%
Mortgage Type
Commercial

Purchase Details

Listed on
May 21, 2012
Closed on
Jun 28, 2012
Sold by
Bought by
Seller's Agent
Dianna Smith
Century 21 Elite MC
Buyer's Agent
Don Wells
Xsell Realty
List Price
$44,200
Sold Price
$42,000
Premium/Discount to List
-$2,200
-4.98%
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
$65,640 American Titile Company
$42,000 E Title Agency Inc
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
Open $45,948
Previous Owner $97,600
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 Prior Sale
05/31/2022 05/31/22 Sold $148,000 -3.2% --
03/13/2022 03/13/22 For Sale $152,900 +264.0% --
06/29/2012 06/29/12 Sold $42,000 -5.0% $18 / Sq Ft View Prior Sale
05/30/2012 05/30/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $44,200 -- $19 / Sq Ft
Source: MichRIC

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
2026 $3,347 $78,700 $0 $0
2025 $3,347 $74,200 $0 $0
2024 $33 $65,100 $0 $0
2023 $3,873 $60,200 $0 $0
2022 $2,651 $56,100 $0 $0
2021 $2,872 $51,700 $0 $0
2020 $2,587 $51,200 $0 $0
2019 $114,605 $43,000 $0 $0
2018 $2,495 $51,829 $0 $0
2017 $2,437 $39,383 $0 $0
2016 $2,179 $38,240 $0 $0
2014 -- $36,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22007857

MichRIC

APN: XA0-570-0015-00

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