NOT LISTED FOR SALE

505 Cherry St Midland, MI 48640

Estimated Value: $64,000 - $188,000

0.42 Acre
$302,940 Price per Acre
18,295 Sq Ft Lot

Last Sold May 31, 2023

Last sale price $48,000

Est. 165% increase in value since last sale

Current estimated payment $787/month

40 Days on Market

Highlights

  • Corner Lot
  • Northeast Middle School Rated A-
  • Many Trees

About This Lot

As of May 2023

Fantastic Opportunity! Nice sized lot that is zoned RB. Perfect for a Fourplex or Duplexes. Don't wait on this one.

Last Agent to Sell the Property

Rick Loose

Ayre Rhinehart Real Estate Partners License #MBR-6501303541 Listed on: 04/19/2023

Ayre Rhinehart Real Estate Partners

Last Buyer's Agent

Logan Richetti

Modern Realty License #MBR-6502390936

Modern Realty

Property Details

Property Type

  • Land

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 140 x 132
  • Corner Lot
  • Cleared Lot
  • Many Trees
  • Property is zoned Multi-Family

Schools

  • Central Park Elementary School
  • Northeast Middle School
  • Midland High School

Utilities

  • Gas Available at Street

Community Details

  • Assrs Of Eastlawn Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14-15-60-304

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Originating MLS: Midland Board of REALTORS
  • Class: VACANT LAND
  • Type Of Property: Vacant Land
  • Style: Vacant Land
  • Flood Insurance: Not Required
  • Total Tax Amount: 1626.29
  • Total Tax Year: 2022
  • Mail City: Midland
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 140
  • Roads: City/County, Curbed, Paved Street
  • Frontage Type: Road

Utilities

  • Water: Public Water, Public Water At Street
  • Sewer/Septic System: Public Sanitary, Public At Street
  • Fuel On Site: Gas At Street, Natural Gas

Lot Info

  • Assessor Parcel Number: 14-15-60-304
  • Location: Corner Lot, Subdivision
  • Acreage: 0.42
  • Lot Description: Sidewalks, Splits Available, Treed, Cleared, City Limits
  • Zoning: Multi-Family, Residential
  • Lot Size: 140 x 132
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2022, Amount: $1,119.98
  • Winter Tax: Year: 2022, Amount: $506.31
  • Total Tax: Year: 2022, Amount: $1,626.29

MLS Schools

  • Elementary School: Central Park
  • Middle School: Northeast
  • School District: Midland Public Schools
  • HighSchool: Midland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2023
Closed on
May 31, 2023
Sold by
Midland Emmanuel Baptist Church
Bought by
Brave Holdings Llc
Seller's Agent
Rick Loose
Ayre Rhinehart Real Estate Partners
Buyer's Agent
Logan Richetti
Modern Realty
List Price
$70,000
Sold Price
$48,000
Premium/Discount to List
-$22,000
-31.43%
Current Estimated Value
$127,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,235
Avg. Annual Appreciation
43.10%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brave Holdings Llc $48,000 None Listed On Document
Brave Holdings Llc $48,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2023 05/31/23 Sold $48,000 -31.4% --
05/29/2023 05/29/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $70,000 -- --
Source: Midland Board of REALTORS®

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 $1,515 $28,200 $0 $0
2024 $1,050 $25,900 $0 $0
2023 $506 $12,500 $0 $0
2022 $1,626 $27,800 $0 $0
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rick Loose

    Seller's Agent in 2023

    Rick Loose

    Ayre Rhinehart Realtors

    (989) 631-6665

    66 in this area

    79 Total Sales

    Rick Loose
    Section Image
  • Logan Richetti

    Buyer's Agent in 2023

    Logan Richetti

    Modern Realty

    (904) 294-7883

    64 in this area

    82 Total Sales

    Logan Richetti
    Section Image
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Map

Source: Midland Board of REALTORS®

MLS Number: 50106166

Midland Board of REALTORS®

APN: 14-15-60-304

Michigan Midland County Midland 48640

505 Cherry St, Midland, MI

Not Listed for Sale

Lots

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