NOT LISTED FOR SALE

508 Ashman St Midland, MI 48640

Midland Area

Estimated Value: $166,000 - $213,000

3 Beds
2 Baths
1,500 Sq Ft
$122/Sq Ft Est. Value

Sale Details

Date Sold: March 16, 2022

Last sale price $136,000 $91 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,299 / mo

56 Days on Market

Highlights

  • 1 Car Garage
  • Northeast Middle School Rated A-
  • 3-minute walk to Midland County Parks & Rec

About This Home

As of March 2022

Income opportunity! This two unit rental was recently updated in 2021. New dishwashers in both units, new range in upper unit, new carpet and flooring in upper unit and new carpet in first floor unit. Convenient and easy access to everything downtown Midland has to offer, whether you want to walk to work, restaurants or a Loons game this location is awesome! It is made up of a 2 bedroom unit with 1 bath and a lot of extra space, and a very nice 1 bedroom and 1 bathroom. None are occupied. Agent is related to seller.

Last Agent to Sell the Property

Nathan Rapanos

RE/MAX of Midland License #MBR-6501430446 Listed on: 12/10/2021

RE/MAX of Midland

Last Buyer's Agent

Josh Burch

Ayre Rhinehart Real Estate Partners License #MBR-6501370969

Ayre Rhinehart Real Estate Partners

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x120

Parking

  • 1 Car Garage

Interior Spaces

  • 1.5-Story Property
  • Basement

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Community Details

  • 2 Units
  • City Of Midland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14-16-50-404

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Originating MLS: Midland Board of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 1 1/2 Story
  • Total Tax Amount: 2877.14
  • Year Built: 1918
  • Mail City: Midland
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Range/Oven, Refrigerator
  • Basement: Yes
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2

Exterior Features

  • Frontage: 60
  • Foundation Type: Basement

Garage/Parking

  • Garage Spaces: 1
  • Parking: Garage

Utilities

  • Water: Public Water
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 14-16-50-404
  • Lot Dimensions: 60x120
  • Acreage: 0.17
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2021, Amount: $2,000.37
  • Winter Tax: Year: 2021, Amount: $876.77
  • Total Tax: Amount: $2,877.14

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Midland Public Schools

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

Listed on
Dec 10, 2021
Closed on
Mar 16, 2022
Sold by
Bought by
Seller's Agent
Nathan Rapanos
RE/MAX of Midland
Buyer's Agent
Josh Burch
Ayre Rhinehart Real Estate Partners
List Price
$179,900
Sold Price
$136,000
Premium/Discount to List
-$43,900
-24.4%
Current Estimated Value
$182,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,806
Avg. Annual Appreciation
7.02%
Original Mortgage
$102,000
Interest Rate
0.0355%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2021
Closed on
Apr 20, 2021
Sold by
Bought by
Seller's Agent
Tyler Snyder
Ayre Rhinehart Real Estate Partners
Buyer's Agent
Matthew Rapanos
Ayre Rhinehart Real Estate Partners
List Price
$105,000
Sold Price
$105,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.30%
Original Mortgage
$120,000
Interest Rate
0.0305%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2008
Sold by
Bought by
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

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
$136,000 Crossroads Title
-- None Listed On Document
$105,000 None Listed On Document
$304,000 --
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
Open $102,000
Previous Owner $120,000
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 Prior Sale
03/16/2022 03/16/22 Sold $136,000 -20.0% $91 / Sq Ft
02/04/2022 02/04/22 Pending -- -- --
12/28/2021 12/28/21 Price Changed $169,900 -2.9% $113 / Sq Ft
12/13/2021 12/13/21 Price Changed $174,900 -2.8% $117 / Sq Ft
12/10/2021 12/10/21 For Sale $179,900 +71.3% $120 / Sq Ft
04/20/2021 04/20/21 Sold $105,000 0.0% $51 / Sq Ft View Prior Sale
03/15/2021 03/15/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $105,000 -- $51 / Sq Ft
Source: Midland Board of REALTORS®

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
2025 $3,641 $81,000 $0 $0
2024 $2,524 $70,100 $0 $0
2023 $1,877 $59,300 $0 $0
2022 $2,297 $56,300 $0 $0
2021 $2,877 $50,200 $0 $0
2020 $2,847 $49,000 $0 $0
2019 $2,777 $48,800 $12,500 $36,300
2018 $2,702 $54,300 $12,500 $41,800
2017 $0 $47,400 $12,500 $34,900
2016 $2,603 $48,000 $14,400 $33,600
2012 -- $46,700 $14,400 $32,300
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nathan Rapanos

    RE/MAX Michigan

    (989) 941-7997

    8 in this area

    33 Total Sales

    Nathan Rapanos
    Section Image

  • J

    Buyer's Agent in 2022

    Josh Burch

    Ayre Rhinehart Realtors

    (989) 631-7000

    3 in this area

    51 Total Sales

    Josh Burch
    Section Image
  • Tyler Snyder

    Seller's Agent in 2021

    Tyler Snyder

    Ayre Rhinehart Realtors

    (989) 205-5781

    13 in this area

    121 Total Sales

    Tyler Snyder
    Section Image
  • Matthew Rapanos

    Buyer's Agent in 2021

    Matthew Rapanos

    Ayre Rhinehart Realtors

    (989) 205-0067

    5 in this area

    140 Total Sales

    Matthew Rapanos
    Section Image
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Map

Source: Midland Board of REALTORS®

MLS Number: 50062451

Midland Board of REALTORS®

APN: 14-16-50-404

Michigan Midland County Midland 48640

508 Ashman St, Midland, MI

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.

Midland Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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