NOT LISTED FOR SALE
Studio
4 Baths
11,334 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: May 12, 2022

Last sale price $590,000 $52 Per Sq Ft

3 Days on Market

Highlights

  • 0.26 Acre Lot
  • Laundry Facilities
  • 1-minute walk to Under the Oaks
  • Sharp Park Academy Rated A-
  • Heating System Uses Natural Gas

About This Home

As of May 2022

14 Unit apartment building with all units occupied. Property has brand heating system, and new emergency lighting system.
This building incudes a laundry room and attached garage with spaces for rent. All units are 2 bedroom 1 bath except the 2 basement units. One being a 1 bedroom, 1 bath. And one being an efficiency unit with 1 bath. Separate gas and electric meters. Tenants pay for cooking fuel and electric and owner pays all other utilities. Including heating the building.

Last Agent to Sell the Property

John Collis

NCDG Realty & Property Management License #6502352091 Listed on: 02/17/2022

Co-Listed By

Pouria Namazi

NCDG Realty & Property Management License #6501413146

Last Buyer's Agent

Out of Area Agent

Out of Area Office

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,763

Year Built

  • Built in 1929

Lot Details

  • 11,334 Sq Ft Lot
  • Lot Dimensions are 123.75 x 66

Home Design

  • Brick Exterior Construction

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 6 Parking Spaces
  • Paved Parking

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • 14 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,763

Year Built

Built in 1929

Lot Details

0.26 Acres

Listing Details

  • Property Sub-Type: Multi Family
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1929
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • Driveway:Driveway: Paved
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: Natural Gas Available, Public Sewer, Public Water
  • Extras:Extras: Garages, Laundry Facility
  • Lot Description:Lot Description: Sidewalk
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 590000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Roofing:Roofing: Other

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 6.0

Utilities

  • Heating: Radiant
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electricity Connected, Natural Gas Available
  • Water Source: Public Water
  • Heat Source:Heat Source: Natural Gas
  • Heat Type:Heat Type: Radiant

Lot Info

  • Lot Size Acres: 0.2602
  • Lot Size Area: 0.26
  • Lot Dimensions: 123.75 x 66
  • Lot Size Sq Ft: 11334.0

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Number of Units Total: 14

Tax Info

  • Tax Annual Amount: 5762.95
  • Tax Year: 2021

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

Closed on
Sep 17, 2019
Sold by
Greenfield Greenview Llc
Bought by

Purchase Details

Closed on
Dec 26, 2018
Sold by
Alix Invest Llc
Bought by
Greenfield Greenview Llc

Purchase Details

Closed on
Feb 14, 2018
Sold by
Fountain Leasing Llc
Bought by
Alix Invest Llc

Purchase Details

Closed on
Oct 31, 2012
Sold by
Kimuchu Investments Llc
Bought by
Fountain Leasing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 30, 2010
Sold by
Rainerson Investment Company Llc
Bought by
Kimuchu Investments Llc

Purchase Details

Closed on
Sep 30, 2008
Sold by
Phillips Jared
Bought by
Rainerson Investment Co Llc

Purchase Details

Closed on
May 26, 2006
Sold by
Lincoln Venture Enterprises Llc
Bought by
Rainerson Investment Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2005
Sold by
Payeur Daniel Edward and Payeur Susan Kay
Bought by
Lincoln Venture Enterprises Llc

Purchase Details

Closed on
Apr 13, 2004
Sold by
Christ Centered Homes
Bought by
Payeur Dan and Payeur Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
5.48%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Under the Oaks, MI

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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
-- None Available
Greenfield Greenview Llc -- None Available
Alix Invest Llc $300,000 None Available
Fountain Leasing Llc $67,500 Midstate Title Agency Of Sou
Kimuchu Investments Llc $135,000 At
Rainerson Investment Co Llc -- None Available
Rainerson Investment Co Llc $290,000 At
Lincoln Venture Enterprises Llc -- --
Payeur Dan $360,000 At
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
Previous Owner $380,000
Previous Owner Rainerson Investment Co Llc $325,000
Previous Owner Payeur Dan $360,000
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
05/12/2022 05/12/22 Sold $590,000 0.0% $52 / Sq Ft
02/17/2022 02/17/22 For Sale $590,000 -- $52 / Sq Ft
Source: MichRIC

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
2026 $11,865 $286,200 $0 $0
2025 $11,865 $284,100 $0 $0
2024 $116 $292,700 $0 $0
2023 $11,168 $186,200 $0 $0
2022 $5,825 $116,100 $0 $0
2021 $5,763 $102,000 $0 $0
2020 $5,692 $80,400 $0 $0
2019 $5,149 $73,350 $0 $0
2018 $2,522 $54,300 $0 $0
2017 $2,312 $45,750 $0 $0
2016 $1,993 $43,400 $7,100 $36,300
2015 $2,174 $37,650 $37,650 $0
2014 $2,174 $35,050 $35,050 $0
2013 -- $35,050 $35,050 $0
Source: Public Records

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Map

Source: MichRIC

MLS Number: 22004917

MichRIC
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