NOT LISTED FOR SALE

502 Toledo St Adrian, MI 49221

Estimated Value: $176,000 - $187,000

6 Beds
2 Baths
3,588 Sq Ft
$50/Sq Ft Est. Value

Last Sold July 14, 2020

Last sale price $140,000 $39 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,353/month

119 Days on Market

Highlights

  • Tudor Architecture
  • Shed
  • Forced Air Heating System
  • Porch
  • Ceiling height of 9 feet or more
  • 3-minute walk to Monument Park

About This Home

As of July 2020

Total updated 3 years ago. Siding, steel roof, both furnaces, plumbing, electrical. Kitchens and baths. all new drywalls. Been a steady easy rental easy maintained. $1800 a month income. Both units 3 bedroom with upstairs 9ft ceilings and down 10ft ceilings, Solid income or live in half and live rent free

Last Agent to Sell the Property

Don Wells

Xsell Realty License #LCAR-6501329173 Listed on: 03/09/2020

Last Buyer's Agent

Khrystopher Gould

Howard Hanna Real Estate Services-Adrian License #LCAR-6501418062

Howard Hanna Real Estate Services-Adrian

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,490

Year Built

  • Built in 1880

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x95
  • Private Entrance

Home Design

  • Tudor Architecture
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Basement
  • Block Basement Construction
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Shed
  • Porch

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XAO-210-6007-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,490

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Tudor
  • Sub Structure Types: Shed
  • Year Built: 1880
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: 9 Ft + Ceilings, Cable/Internet Avail.
  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 6
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 4
  • Dining Kitchen: Dining "L"
  • Half Bathrooms: 2
  • Source of Sq Ft: Estimated
  • Estimated Sq Ft: 3588

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch, Sidewalks
  • Frontage: 60
  • Foundation Type: Basement
  • Roads: Paved Street

Garage/Parking

  • Garage Type: Off Street
  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Street Lights, Private Entry

Lot Info

  • Assessor Parcel Number: XAO-210-6007-01
  • Lot Dimensions: 60x95
  • Acreage: 0.17
  • Lot Description: Large Lot - 65+ Ft.
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • SEV Year: 2019

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
Mar 9, 2020
Closed on
Jul 14, 2020
Sold by
Scott Ronald L
Bought by
Smith Craig
Seller's Agent
Don Wells
Xsell Realty
Buyer's Agent
Khrystopher Gould
Howard Hanna Real Estate Services-Adrian
List Price
$150,000
Sold Price
$140,000
Premium/Discount to List
-$10,000
-6.67%
Current Estimated Value
$180,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,082
Avg. Annual Appreciation
6.80%
Original Mortgage
$105,000
Outstanding Balance
$93,521
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$102,639

Purchase Details

Closed on
Sep 3, 2008
Sold by
Bank Of New York
Bought by
Ault Kristopher W

Purchase Details

Closed on
Mar 5, 2007
Sold by
Mortgage Electronic Registration Systems
Bought by
Bank Of New York

Purchase Details

Closed on
Feb 14, 2006
Sold by
Quick Joseph S and Quick Shari L
Bought by
Struth Matthew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,180
Interest Rate
6.2%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

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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
Smith Craig $140,000 Misc Company
Ault Kristopher W $6,900 Thoroughbred Title Agency
Bank Of New York -- None Available
Struth Matthew R $125,900 Prestige Title Insurance Age
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Craig $105,000
Previous Owner Ault Kristopher W $57,300
Previous Owner Ault Kristopher W $60,800
Previous Owner Struth Matthew R $25,180
Previous Owner Struth Matthew R $100,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2020 07/14/20 Sold $140,000 -6.7% $39 / Sq Ft
07/06/2020 07/06/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $150,000 +650.0% $42 / Sq Ft
05/27/2016 05/27/16 Sold $20,000 -49.9% $6 / Sq Ft
05/19/2016 05/19/16 Pending -- -- --
09/18/2015 09/18/15 For Sale $39,900 -- $11 / 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 $4,490 $73,700 $0 $0
2024 $2,748 $69,400 $0 $0
2023 $3,500 $63,500 $0 $0
2022 $3,132 $57,000 $0 $0
2021 $3,076 $50,000 $0 $0
2020 $2,922 $47,900 $0 $0
2019 $1,925 $43,400 $0 $0
2018 $2,604 $53,871 $0 $0
2017 $2,530 $40,907 $0 $0
2016 $1,118 $18,884 $0 $0
2014 -- $19,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Don Wells

    Seller's Agent in 2020

    Don Wells

    Xsell Realty

    (517) 438-3191

    11 in this area

    23 Total Sales

    Don Wells
    Section Image
  • Khrystopher Gould

    Buyer's Agent in 2020

    Khrystopher Gould

    Howard Hanna Real Estate Services-Adrian

    (517) 270-0241

    49 in this area

    125 Total Sales

    Khrystopher Gould
    Section Image

  • D

    Seller's Agent in 2016

    Diane Noce

    The Wagley Group

    Section Image

  • L

    Buyer's Agent in 2016

    Laura Cencer

    Xsell Realty

    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50007654

Michigan Multiple Listing Service

APN: XA0-210-6007-01

Michigan Lenawee County Adrian 49221

502 Toledo St, Adrian, MI

This home is located at 502 Toledo St, Adrian, MI 49221 since 09 March 2020 and is currently estimated at $180,082, approximately $50 per square foot. This property was built in 1880. 502 Toledo St is a home located in Lenawee County with nearby schools including Adrian High School, St. Joseph Academy, and St. Joseph's Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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