L
Seller's Agent in 2017
Lynn Pifer
Linda Rudd & Associates, Inc.
504 State St Adrian, MI 49221
Estimated Value: $186,000 - $227,000
4
Beds
3
Baths
2,728
Sq Ft
$74/Sq Ft
Est. Value
Highlights
- Corner Lot
- Bungalow
- Forced Air Heating System
About This Home
As of February 2017There are 2 houses on property. Can not be split. Financing will have to have 20% or more down. 1 house at 504 State St., has two 1 BR/1 bath apartments. House at 506 State St. is a single family dwelling and has 2 BR/ 1 bath, living rm., dining rm, basement. Seller is a licensed realtor. Unit #1= 506 State St., Unit #2= 504 State St., Unit #3= 504 1/2 State St. Located in Historic District. 2 houses- 3 units. 1 single family 2 BR house & second house with 2 units. All in great shape & ready to be taken over. All separate utilities. All rented. Annual income $18,780. Present owner has owned them for 24 years & they have always brought in a great income. You could live in one & the other 2 would completely pay your payment. Or, rent them all & let it pay for itself.
Last Agent to Sell the Property
Lynn Pifer
Linda Rudd & Associates, Inc. License #LCAR-6502103172 Listed on: 09/20/2016
Last Buyer's Agent
Lynn Pifer
Linda Rudd & Associates, Inc. License #LCAR-6502103172 Listed on: 09/20/2016
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1900
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 66x80
- Corner Lot
Parking
- 3 Car Parking Spaces
Home Design
- Bungalow
Interior Spaces
- 2-Story Property
- Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Utilities
- Forced Air Heating System
- Separate Meters
- Gas Water Heater
- Internet Available
Community Details
- 3 Units
- Net Operating Income $13,572
Listing and Financial Details
- Assessor Parcel Number XA0-400-8022-00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2016
Closed on
Feb 21, 2017
Sold by
Pifer Martin L and Pifer Lynn A
Bought by
Beal Investment Properties Llc
Seller's Agent
Lynn Pifer
Linda Rudd & Associates, Inc.
Buyer's Agent
Lynn Pifer
Linda Rudd & Associates, Inc.
List Price
$129,900
Sold Price
$105,000
Premium/Discount to List
-$24,900
-19.17%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,729
Avg. Annual Appreciation
7.88%
Original Mortgage
$84,000
Outstanding Balance
$56,909
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$143,611
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Beal Investment Properties Llc | $105,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Beal Investment Properties Llc | $84,000 | |
| Closed | Beal Investment Properties Llc | $84,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/21/2017 02/21/17 | Sold | $105,000 | -19.2% | $38 / Sq Ft |
| 01/16/2017 01/16/17 | Pending | -- | -- | -- |
| 09/20/2016 09/20/16 | For Sale | $129,900 | -- | $48 / Sq Ft |
Source: Michigan Multiple Listing Service
Tax History Compared to Growth
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 | $4,718 | $75,600 | $0 | $0 |
| 2024 | $3,082 | $73,900 | $0 | $0 |
| 2023 | $3,788 | $66,700 | $0 | $0 |
| 2022 | $2,942 | $61,800 | $0 | $0 |
| 2021 | $2,890 | $56,200 | $0 | $0 |
| 2020 | $2,871 | $50,300 | $0 | $0 |
| 2019 | $129,469 | $47,800 | $0 | $0 |
| 2018 | $2,769 | $54,038 | $0 | $0 |
| 2017 | $2,643 | $43,517 | $0 | $0 |
| 2016 | $2,621 | $47,363 | $0 | $0 |
| 2014 | -- | $44,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Michigan Multiple Listing Service
MLS Number: 31303509
APN: XA0-400-8022-00
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