NOT LISTED FOR SALE

500 E Main St Flushing, MI 48433

Estimated Value: $246,253 - $277,000

4 Beds
4 Baths
2,532 Sq Ft
$105/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $200,000 $79 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,883/month

59 Days on Market

Highlights

  • Covered Patio or Porch
  • Heating System Uses Steam
  • High Speed Internet
  • Ceiling Fan

About This Home

As of July 2020

Check out this Charmer! All units are currently occupied. 4-1 bedroom/1 bath units. Bamboo flooring in all units, nicely updated and very clean! Each unit has a window a/c unit. Newly vinyl sided and metal roof installed. Coin operated washer and dryer located in basement and is available for use by all units. Unit 1 has a gas fireplace, unit 4 has an electric fireplace. Beautifully landscaped and ample parking for all tenants. Just a short walk to downtown Flushing.

Last Agent to Sell the Property

Thelma Rossbach

Cary Real Estate License #6501291910 Listed on: 05/21/2020

Last Buyer's Agent

Connie Spack CLS

License #130728

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1860 | Remodeled in 2016

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 132x98x132x98

Home Design

  • Stone Foundation
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 2,532 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Parking

  • 8 Parking Spaces
  • Paved Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • Enlarged Plat Of Flushing Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5526552201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,653

Year Built

Built in 1860 | Remodeled in 2016

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1860
  • State Equalized Value: 63200.0000
  • Year Renovated: 2016
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2532

Exterior Features

  • Roof Material: Metal
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Foundation Materials: Stone
  • Porch Type: Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Paved
  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Steam
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 733333.3333
  • Lot Size Area: 0.30
  • Lot Dimensions: 132x98x132x98
  • Parcel Number: 5526552201
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Electric, Trash Collection (Garbage Pickup), Heat, Snow Removal, Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2775

Tax Info

  • Tax Amount Summer: 3255.0000
  • Tax Amount Winter: 398.0000
  • Total Tax: 3653.0000
  • Taxable Value: 47361.0000

Multi Family

  • Gross Scheduled Income: 32700.00
  • Number Of Units Total: 4

MLS Schools

  • School District: Flushing

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2020
Closed on
Jul 29, 2020
Sold by
Kidd Justin W
Bought by
N H M Aftab Llc
Seller's Agent
Thelma Rossbach
Cary Real Estate
Buyer's Agent
Connie Spack CLS
List Price
$220,000
Sold Price
$200,000
Premium/Discount to List
-$20,000
-9.09%
Current Estimated Value
$264,813

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,813
Avg. Annual Appreciation
5.30%

Purchase Details

Listed on
Apr 23, 2015
Closed on
Feb 26, 2016
Sold by
Tedesco Anthony E and Tedesco Jodie M
Bought by
Kidd Justin W
Seller's Agent
Charles McHenry
4 Clover Realty, LLC
Buyer's Agent
Eric Stamm
Eric Stamm Team Real Estate
List Price
$119,990
Sold Price
$85,000
Premium/Discount to List
-$34,990
-29.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.36%

Purchase Details

Closed on
Oct 20, 2010
Sold by
Rowe Annette M and Anthony E Tedesco Sr Trust
Bought by
Tedesco Anthonie E and Tedesco Jodie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.79%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 8, 2003
Sold by
Tedesco Anthony E
Bought by
Tedesco Anthony E and Anthony E Tedesco Sr Trust

Purchase Details

Closed on
Oct 15, 2001
Sold by
Rowe Jeffrey M and Rowe Annette M
Bought by
Tedesco Anthony E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
N H M Aftab Llc -- None Available
Kidd Justin W $85,000 First American Title
Tedesco Anthonie E -- Attorney
Tedesco Anthony E -- First American Title
Tedesco Anthony E -- --
Tedesco Anthony E $110,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tedesco Anthony E $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2020 07/29/20 Sold $200,000 -9.1% $79 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $220,000 +158.8% $87 / Sq Ft
02/26/2016 02/26/16 Sold $85,000 -29.2% $34 / Sq Ft View Prior Sale
12/21/2015 12/21/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $119,990 -- $47 / Sq Ft
Source: Realcomp

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 $5,977 $126,200 $0 $0
2024 $5,239 $113,700 $0 $0
2023 $5,049 $107,900 $0 $0
2022 $5,623 $98,900 $0 $0
2021 $5,623 $71,100 $0 $0
2020 $3,293 $71,200 $0 $0
2019 $3,255 $63,200 $0 $0
2018 $3,507 $48,500 $0 $0
2017 $3,357 $45,300 $0 $0
2016 $3,433 $46,590 $0 $0
2015 $3,411 $0 $0 $0
2012 -- $45,000 $45,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2200033834

Realcomp

APN: 55-26-552-201