L
Seller's Agent in 2017
Lynn Pifer
Linda Rudd & Associates, Inc.
504 State St Adrian, MI 49221
Estimated Value: $190,000 - $225,000
4
Beds
3
Baths
2,728
Sq Ft
$75/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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2016
Closed on
Feb 21, 2017
Sold by
Bought by
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
$98,850
Avg. Annual Appreciation
7.42%
Original Mortgage
$84,000
Outstanding Balance
$56,270
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$147,580
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $105,000 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $84,000 | ||
| Closed | $84,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,048 | $75,600 | $0 | $0 |
| 2024 | $31 | $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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