NOT LISTED FOR SALE

505 E Maumee St Adrian, MI 49221

Estimated Value: $135,000 - $177,000

4 Beds
4 Baths
2,808 Sq Ft
$56/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $74,000 $26 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $1,115/month

97 Days on Market

Highlights

  • Wood Flooring
  • Property is near schools
  • Wood Siding
  • Farmhouse Style Home
  • Ceiling Fan
  • 1-minute walk to Monument Park

About This Home

As of November 2018

NEAT CLEAN 4 UNIT. EXTERIOR PAINTED 2017 SEPERAT ELECTRIC METER COIN OPERATED LAUNDRY IN THE BASEMENT

Last Agent to Sell the Property

Vicki Gerig

Gerig Realty License #LCAR-6502432188 Listed on: 06/27/2018

Last Buyer's Agent

Robert Fox

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6502134917

Howard Hanna Real Estate Services-Tecumseh

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1870

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 100x55

Parking

  • 3 Car Parking Spaces

Home Design

  • Farmhouse Style Home
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Michigan Basement
  • Sump Pump

Location

  • Property is near schools

Utilities

  • Boiler Heating System
  • Separate Meters
  • Gas Water Heater
  • Internet Available

Community Details

  • 4 Units
  • Eastern Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number XA0 515 0049 00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,838

Year Built

Built in 1870

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: Farm House
  • Year Built: 1870
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail., Hardwood Floors, Sump Pump
  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 2808

Exterior Features

  • Construction: Vinyl Siding, Wood
  • Exterior Features: Sidewalks, Street Lights
  • Frontage: 55
  • Foundation Type: Basement
  • Roads: City/County, Paved Street

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

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

Lot Info

  • Assessor Parcel Number: XA0 515 0049 00
  • Location: Walk To School
  • Lot Dimensions: 100X55
  • Acreage: 0.13
  • Zoning: Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2017, Amount: $1,324.83
  • Winter Tax: Year: 2017, Amount: $513.04
  • Taxable Value: 29955
  • Total Tax: Year: 2017, Amount: $1,837.87
  • SEV Year: 2017

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2021
Sold by
Kampen William V
Bought by
Yo Adrian Llc
Current Estimated Value
$157,000

Purchase Details

Listed on
Jun 27, 2018
Closed on
Nov 13, 2018
Sold by
David-Bjork Andrew and Bjork Naomi C
Bought by
Vankampen William
Seller's Agent
Vicki Gerig
Gerig Realty
Buyer's Agent
Robert Fox
Howard Hanna Real Estate Services-Tecumseh
List Price
$88,900
Sold Price
$74,000
Premium/Discount to List
-$14,900
-16.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$55,500
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2011
Sold by
Milioni Charmaine M
Bought by
Bjork Andrew David and Bjork Naomi C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.99%
Mortgage Type
New Conventional
Source: Public Records

Similar Home in Adrian, MI

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    • 3.5 Baths
    • 3,448 Sq Ft
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    Currently a duplex but can easily be a 3 unit. 3rd unit would have to be approved by the city of Adrian. The other 2 units were certified in 2023. Could be a great income producer.

    Marcia Randall Foundation Realty, LLC

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Range of Values:

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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
Yo Adrian Llc -- None Available
Vankampen William $74,000 --
Bjork Andrew David $68,000 Atcl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vankampen William $55,500
Previous Owner Bjork Andrew David $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2018 11/21/18 Sold $74,000 -10.7% $26 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
08/30/2018 08/30/18 Price Changed $82,900 -6.7% $30 / Sq Ft
07/25/2018 07/25/18 For Sale $88,900 0.0% $32 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $88,900 -- $32 / 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
2024 $2,875 $57,100 $0 $0
2023 $3,447 $53,100 $0 $0
2022 $2,381 $48,700 $0 $0
2021 $2,339 $42,600 $0 $0
2020 $2,324 $40,700 $0 $0
2019 $90,227 $36,800 $0 $0
2018 $1,907 $45,267 $0 $0
2017 $1,853 $33,321 $0 $0
2016 $1,838 $31,114 $0 $0
2014 -- $33,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31352025

Michigan Multiple Listing Service

APN: XA0-515-0049-00