NOT LISTED FOR SALE

505 Emerick St Ypsilanti, MI 48198

Estimated Value: $170,336 - $228,000

4 Beds
2 Baths
1,608 Sq Ft
$130/Sq Ft Est. Value

Last Sold April 27, 2023

Last sale price $220,000 $137 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,365/month

5 Days on Market

Highlights

  • Porch
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of April 2023

Great investment property. Side by side 2 unit duplex property within walking distance from U of M Health Center & just minutes away from downtown Ypsilanti, Historic Depot town and Eastern Michigan University Campus. Great immediate cash flow/turn key investment. Both units are currently rented with long term tenants on month to month leases. Tenants pay water, gas and electric. Both units are 804 sqft with 2 bedrooms, living room/dining area, kitchen, full bath and shared laundry/utility room. Each unit has its own furnace and water heater. Separate gas, electric & water meter for each unit. Active city rental certifications. Recently passed inspections for both units on 12/02/22, inspections are good for two years.

Last Agent to Sell the Property

Renee Kaiser

Carol Bollo & Assoc-Grosse Ile License #6501330936 Listed on: 03/23/2023

Last Buyer's Agent

Michael Price

Key Realty One License #6501273091

Key Realty One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1960

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 70x115

Home Design

  • Duplex
  • Slab Foundation
  • Masonry
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,608 Sq Ft Home
  • 1-Story Property

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number K01110386016

Community Details

Overview

  • 2 Units
  • Sturtevant Manor Sub No 1 Subdivision

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,438

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 Story
  • Year Built: 1960
  • State Equalized Value: 49300.0000
  • Pets Allowed: Call
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Sq Ft Combined: 1608
  • Total Sq Ft: 1608

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Block/Concrete/Masonry, Vinyl
  • Frontage Feet: 70
  • Porch Type: Porch
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Ypsilanti

Lot Info

  • Lot Size Area: 0.18
  • Lot Dimensions: 70x115
  • Parcel Number: K01110386016
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 1150

Tax Info

  • Tax Amount Summer: 2426.0000
  • Tax Amount Winter: 1012.0000
  • Total Tax: 3438.0000
  • Taxable Value: 49300.0000

Multi Family

  • Gross Scheduled Income: 14400.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Ypsilanti

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Apr 27, 2023
Sold by
Gilbert Jamii K
Bought by
505 Emerick Llc
Seller's Agent
Renee Kaiser
Carol Bollo & Assoc-Grosse Ile
Buyer's Agent
Michael Price
Key Realty One
List Price
$229,000
Sold Price
$220,000
Premium/Discount to List
-$9,000
-3.93%
Views
67
Current Estimated Value
$209,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,666
Avg. Annual Appreciation
-5.57%
Original Mortgage
$161,250
Outstanding Balance
$157,056
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$36,015

Purchase Details

Listed on
Mar 23, 2023
Closed on
Apr 26, 2023
Sold by
Andronic Enterprises Llc
Bought by
Gilbert Jamil K and Gilbert Julie R
Seller's Agent
Renee Kaiser
Carol Bollo & Assoc-Grosse Ile
Buyer's Agent
Michael Price
Key Realty One
List Price
$229,000
Sold Price
$220,000
Premium/Discount to List
-$9,000
-3.93%
Views
67

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Outstanding Balance
$157,056
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$36,015

Purchase Details

Closed on
Apr 30, 2021
Sold by
Glazier Melvin and Glazier Carol
Bought by
Andronic Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
2.9%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Nov 7, 2003
Sold by
Varran Ronald B and Varran Roseanne M
Bought by
Glazier Mel and Glazier Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2003
Sold by
Capili E E and Capili M A
Bought by
Glazier Mel and Glazier Carol
Source: Public Records

Range of Values:

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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
505 Emerick Llc -- State Street Title
Gilbert Jamil K -- Title One
Andronic Enterprises Llc $125,000 Title One
Andronic Enterprises Llc $125,000 None Available
Glazier Mel $52,500 --
Glazier Mel $45,000 Transnation Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilbert Julia R $161,250
Previous Owner Andronic Enterprises Llc $100,000
Previous Owner Glazier Melvin J $495,750
Previous Owner Glazier Melvin J $606,106
Previous Owner Glazier Mel $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2023 04/27/23 Sold $220,000 -3.9% $137 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/23/2023 03/23/23 For Sale $229,000 -- $142 / Sq Ft
Source: Realcomp

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
2025 -- $83,700 $0 $0
2024 -- $78,700 $0 $0
2023 -- $62,500 $0 $0
2022 $0 $49,300 $0 $0
2021 $2,010 $46,000 $0 $0
2020 $2,010 $43,300 $0 $0
2019 $2,010 $42,700 $42,700 $0
2018 $0 $33,700 $0 $0
2017 $2,016 $35,800 $0 $0
2016 $1,443 $30,177 $0 $0
2015 $1,898 $30,087 $0 $0
2014 $1,898 $29,148 $0 $0
2013 -- $29,148 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Renee Kaiser

    Carol Bollo & Assoc-Grosse Ile

    Section Image
  • Michael Price

    Buyer's Agent in 2023

    Michael Price

    Key Realty One

    (734) 216-9920

    5 in this area

    87 Total Sales

    Section Image
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Map

Source: Realcomp

MLS Number: 20230019790

Realcomp

APN: 11-10-386-016

Michigan Washtenaw County Ypsilanti 48198

505 Emerick St, Ypsilanti, MI

This home is located at 505 Emerick St, Ypsilanti, MI 48198 since 23 March 2023 and is currently estimated at $209,334, approximately $130 per square foot. This property was built in 1960. 505 Emerick St is a home located in Washtenaw County with nearby schools including Erickson Elementary School, Holmes Elementary School, and Estabrook Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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