NOT LISTED FOR SALE

501 N State St Howell, MI 48843

Estimated Value: $339,000 - $435,000

3 Beds
4 Baths
3,309 Sq Ft
$124/Sq Ft Est. Value

Last Sold August 30, 2017

Last sale price $186,500 $56 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $2,715/month

3 Days on Market

Highlights

  • Covered patio or porch
  • Heating System Uses Steam
  • Laundry Facilities
  • Ceiling Fan
  • Private Entrance
  • 3-minute walk to McPherson Park

About This Home

As of August 2017

Beautiful and charming, with huge wrap-around porch, this Victorian quadraplex is close to Thompson Lake and just a short walk to downtown Howell. This stately multi-family property has a great rental history and is currently fully rented, with 3 tenants month-to-month and one on a one year lease that started in May. There are 3 one bedroom units and one studio/loft. There are 3 original leaded windows, 2 fireplaces w/original tilework and 2 original Bullock cement markers (used as stoops that the ladies stepped onto when getting into the carriages) way back in time in charming downtown Howell! The exterior was painted last year, boiler replaced in 2015, roof in 2002, electric and plumbing updates have been done by current owner. The carriage house on the property has a one-car garage and loft storage. Current tenants pay electric. Water & gas paid by owner. 2 units have washer/dryer and 2 units share washer/dryer in the common basement.

Last Agent to Sell the Property

Linda Barnwell

KW Realty Livingston License #6501281164 Listed on: 08/11/2017

KW Realty Livingston

Co-Listed By

Joe Barnwell

KW Realty Livingston License #6501327499

Last Buyer's Agent

Laura Toms

Century 21 Affiliated License #6502422265

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1874

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 96x93x122x81
  • Private Entrance

Home Design

  • Quadruplex
  • Block Foundation
  • Stone Foundation
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,309 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Covered patio or porch
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1736201028

Community Details

Overview

  • 4 Units
  • Mc Pherson's Add Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1874

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1874
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Laundry Facility
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Type: Common, Unfinished
  • Sq Ft Combined: 3309
  • Total Sq Ft: 3309
  • Sq Ft Total Bsmt: 495

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Wood
  • Exterior Features: Lighting, Private Entry
  • Foundation Materials: Block, Stone
  • Frontage Feet: 96
  • Porch Type: Porch, Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: Assigned Spaces, On Street

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

Schools

  • School District: Howell

Lot Info

  • List Price per Acre: 904545.4545
  • Lot Size Area: 0.22
  • Lot Dimensions: 96x93x122x81
  • Parcel Number: 1736201028
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Heat, Snow Removal, Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2660

Tax Info

  • Tax Amount Summer: 4863.0000
  • Tax Amount Winter: 613.0000
  • Total Tax: 5476.0000

Multi Family

  • Gross Scheduled Income: 31920.00
  • Number Of Units Total: 4
  • Unit Count: 4
  • Number of Loft Units: 1
  • Number of One Bedroom Units: 3
  • Number Of Units Leased: 4

MLS Schools

  • School District: Howell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2023
Sold by
Sarpolis Kevin M
Bought by
Bullock B & B Llc
Total Days on Market
3
Current Estimated Value
$408,816

Purchase Details

Closed on
May 3, 2021
Sold by
Sarpolis Kevin and Sarpolis Nancy
Bought by
Kevin M Sarpolis Revocable Living Trust

Purchase Details

Listed on
Aug 11, 2017
Closed on
Aug 30, 2017
Sold by
Argus Bullock Llc
Bought by
Sarpolis Kevin and Sarpolis Nancy
Seller's Agent
Linda Barnwell
KW Realty Livingston
Buyer's Agent
Laura Toms
Century 21 Affiliated
List Price
$199,000
Sold Price
$186,500
Premium/Discount to List
-$12,500
-6.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%

Purchase Details

Closed on
Jul 28, 2003
Sold by
Hansen Rental Properties Llc
Bought by
Argus Bullock Llc

Purchase Details

Closed on
Nov 21, 2000
Sold by
Hansen Jeffrey W and Hansen Kelly I
Bought by
Hansen Rental Properties Llc
Source: Public Records

Range of Values:

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Average Value
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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
Bullock B & B Llc -- --
Sarpolis Kevin M -- --
Kevin M Sarpolis Revocable Living Trust -- None Available
Sarpolis Kevin $186,500 None Available
Argus Bullock Llc $315,000 Metropolitan Title Company
Hansen Rental Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sarpolis Kevin $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2017 08/30/17 Sold $186,500 -6.3% $56 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
08/11/2017 08/11/17 For Sale $199,000 -- $60 / 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
2024 $6,539 $170,500 $0 $0
2023 $6,240 $127,800 $0 $0
2022 -- $145,400 $0 $0
2021 $0 $146,400 $0 $0
2020 $6,468 $127,100 $0 $0
2019 $6,377 $112,400 $0 $0
2018 $6,807 $118,900 $0 $0
2017 $5,496 $118,900 $0 $0
2016 $5,477 $116,300 $0 $0
2014 $5,734 $101,600 $0 $0
2012 $5,734 $94,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 217072004

Realcomp

APN: 17-36-201-028