NOT LISTED FOR SALE

502 N Broad St Adrian, MI 49221

Estimated Value: $142,000 - $153,000

4 Beds
2 Baths
2,375 Sq Ft
$63/Sq Ft Est. Value

Last Sold June 07, 2022

Last sale price $95,000 $40 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $933/month

Highlights

  • Wood Flooring
  • Porch
  • Wood Siding
  • Victorian Architecture
  • Forced Air Heating System

About This Home

As of June 2022

Income opportunity from duplex or use it as a single family and bring this historic home back to its former beauty. 2 bedrooms in each unit. Separate gas and electric. Updated windows, lots of original woodwork and original wood floors.

Last Agent to Sell the Property

Mike Ahleman

Howard Hanna Real Estate Services-Adrian License #LCAR-6506048448 Listed on: 04/12/2022

Howard Hanna Real Estate Services-Adrian

Last Buyer's Agent

Out Of County Sold

Out of County Area License #LCAR-4048

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 49x142

Home Design

  • Duplex
  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XA0 000 031 00

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units, Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Victorian
  • Total Tax Amount: 2772
  • Total Tax Year: 2021
  • Year Built: 1900
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors
  • Fireplace: Yes
  • Fireplace Features: Livroom Fireplace
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Source of Sq Ft: Assessors Data

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch
  • Frontage: 49
  • Foundation Type: Basement
  • Roads: City/County, Paved Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0 000 031 00
  • Location: Main Street
  • Lot Dimensions: 49x142
  • Acreage: 0.16
  • Lot Description: Sidewalks
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $2,012.00
  • Winter Tax: Year: 2021, Amount: $759.00
  • Total Tax: Year: 2021, Amount: $2,772.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2017
Closed on
Sep 14, 2017
Sold by
Tucker Joan Lucille and Tucker William Eugene
Bought by
Terrehaven Llc
Seller's Agent
Mark Goedert
Goedert Real Estate - Adr
Buyer's Agent
William Willnow III
Key Realty One, LLC-Tecumseh
List Price
$74,900
Sold Price
$69,900
Premium/Discount to List
-$5,000
-6.68%
Current Estimated Value
$149,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,245
Avg. Annual Appreciation
9.78%
Original Mortgage
$57,400
Outstanding Balance
$47,920
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$101,225

Purchase Details

Closed on
Aug 11, 2011
Sold by
Tucker William E and Tucker Joan Lucille
Bought by
Tucker Joan Lucille and Tucker William Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,400
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage
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
Terrehaven Llc $69,900 None Available
Tucker Joan Lucille -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terrehaven Llc $57,400
Closed Terrehaven Llc $57,400
Previous Owner Tucker Joan Lucille $57,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2022 06/07/22 Sold $95,000 -20.8% $40 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $120,000 +71.7% $51 / Sq Ft
09/15/2017 09/15/17 Sold $69,900 -6.7% $29 / Sq Ft View Prior Sale
07/27/2017 07/27/17 For Sale $74,900 -- $32 / Sq Ft
Source: Michigan Multiple Listing Service

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 $5,302 $72,000 $0 $0
2024 $3,327 $66,900 $0 $0
2023 $3,978 $61,500 $0 $0
2022 $2,822 $56,700 $0 $0
2021 $2,772 $52,500 $0 $0
2020 $3,141 $48,500 $0 $0
2019 $119,868 $43,600 $0 $0
2018 $2,713 $51,978 $0 $0
2017 $2,373 $44,129 $0 $0
2016 $2,353 $40,905 $0 $0
2014 -- $42,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Ahleman

    Seller's Agent in 2022

    Mike Ahleman

    Howard Hanna Real Estate Services-Adrian

    (517) 605-6926

    10 in this area

    30 Total Sales

    Mike Ahleman
    Section Image

  • O

    Buyer's Agent in 2022

    Out Of County Sold

    Out of County Area

  • Mark Goedert

    Seller's Agent in 2017

    Mark Goedert

    Goedert Real Estate - Adr

    (517) 403-1603

    39 in this area

    217 Total Sales

    Mark Goedert
    Section Image

  • W

    Buyer's Agent in 2017

    William Willnow III

    Key Realty One, LLC-Tecumseh

    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50070659

Michigan Multiple Listing Service

APN: XA0-000-0301-00

Michigan Lenawee County Adrian 49221

502 N Broad St, Adrian, MI

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