NOT LISTED FOR SALE

508 21st St Jackson, MI 49203

Estimated Value: $175,233 - $233,000

4 Beds
4 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold March 15, 2022

Last sale price $152,500

Est. 31% increase in value since last sale

Current estimated payment $1,329/month

22 Days on Market

About This Home

As of March 2022

Original Owner 4 Unit in Summit Township, situated on 2 Lots with frontage on 21st St and W Franklin. Large parking area in front of home. Each Unit offers 1BR, 1BA, Living Room & Kitchen with appliances and rents for $450 per unit each month, current leases are month-to-month. Long term tenants who would love to stay,. Generating $21,600 in gross income, Net Operating Income $15,908. A large full basement provides Utility Room, Workshop and storage for owner. Basement offers washer & dryer hook-up, new owner could add coin operated washer/dryer for additional revenue. Great investment opportunity, this has been in the same family for 3 generations and has been meticulously cared for. New Membrane Roof installed in 2019. BATVI

Last Agent to Sell the Property

Heather Herndon

HOWARD HANNA REAL ESTATE SERVI License #6501335416 Listed on: 01/18/2022

HOWARD HANNA REAL ESTATE SERVI

Last Buyer's Agent

Brock Spink

ERA REARDON REALTY, L.L.C. License #6501409679

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,711

Year Built

  • Built in 1940

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Rubber Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units
  • Brookline Subdivision

Building Details

  • Insurance Expense $1,300
  • Operating Expense $5,692
  • Gross Income $21,600
  • Net Operating Income $15,908

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,711

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 169900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 10019.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 21600.0
  • Insurance Expense: 1300.0
  • Net Operating Income: 15908.0
  • Number of Units Total: 4
  • Operating Expense: 5692.0

Tax Info

  • Tax Annual Amount: 1711.43
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2022
Closed on
Mar 18, 2022
Sold by
Skrocki Richard R and Skrocki James E
Bought by
Spink Brock
Seller's Agent
Heather Herndon
HOWARD HANNA REAL ESTATE SERVI
Buyer's Agent
Brock Spink
ERA REARDON REALTY, L.L.C.
List Price
$169,900
Sold Price
$152,500
Premium/Discount to List
-$17,400
-10.24%
Current Estimated Value
$199,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,308
Avg. Annual Appreciation
7.84%

Purchase Details

Listed on
Jan 18, 2022
Closed on
Mar 15, 2022
Sold by
Skrocki Richard R and Skrocki James E
Bought by
Spink Brock
Seller's Agent
Heather Herndon
HOWARD HANNA REAL ESTATE SERVI
Buyer's Agent
Brock Spink
ERA REARDON REALTY, L.L.C.
List Price
$169,900
Sold Price
$152,500
Premium/Discount to List
-$17,400
-10.24%

Purchase Details

Closed on
Oct 16, 2012
Sold by
Skrocki Helen M
Bought by
Skrocki Helen M and Skrocki Richard R
Source: Public Records

Range of Values:

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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
Spink Brock -- --
Spink Brock -- --
Skrocki Helen M -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2022 03/15/22 Sold $152,500 -10.2% --
02/09/2022 02/09/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $169,900 -- --
Source: Southwestern Michigan Association of REALTORS®

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 $3,244 $71,000 $0 $0
2024 $2,487 $63,700 $0 $0
2023 $2,383 $57,200 $0 $0
2022 $1,647 $51,300 $0 $0
2021 $1,616 $48,600 $0 $0
2020 $1,593 $44,400 $0 $0
2019 $1,573 $40,200 $0 $0
2018 $1,527 $35,800 $0 $0
2017 $1,311 $33,600 $0 $0
2016 $1,036 $31,300 $31,300 $0
2015 $1,255 $29,000 $29,000 $0
2014 $1,255 $27,500 $0 $0
2013 -- $27,500 $27,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Herndon

    Seller's Agent in 2022

    Heather Herndon

    HOWARD HANNA REAL ESTATE SERVI

    (517) 787-9800

    192 in this area

    778 Total Sales

    Heather Herndon
    Section Image
  • Brock Spink

    Buyer's Agent in 2022

    Brock Spink

    ERA REARDON REALTY, L.L.C.

    (517) 499-4755

    23 in this area

    94 Total Sales

    Brock Spink
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22001615

Southwestern Michigan Association of REALTORS®

APN: 115-13-04-129-092-00

Michigan Jackson County Jackson 49203

508 21st St, Jackson, MI

This home is located at 508 21st St, Jackson, MI 49203 since 18 January 2022 and is currently estimated at $199,808. This property was built in 1940. 508 21st St is a home located in Jackson County with nearby schools including Hunt Elementary School, Middle School at Parkside, and Jackson High 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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