NOT LISTED FOR SALE

509 Steward Ave Jackson, MI 49201

Downtown Jackson Neighborhood

Estimated Value: $91,000 - $118,000

3 Beds
1 Bath
-- Sq Ft
7,841 Sq Ft Lot

Last Sold August 07, 2018

Last sale price $20,000

Est. 437% increase in value since last sale

Current estimated payment $660/month

12 Days on Market

About This Home

As of August 2018

Duplex in the city within walking distance to downtown and Jackson high school. Fully rented, great income. Don't miss out! Separate electric meters, Tenant also pays for own trash. Owner pays Gas, Water and sewer. Lower unit month to month, upper unit lease is up Mar 31 2019. SELLER MOTIVATED. NEED SIDING PER CITY INSPECTION. BARGAIN PRICE ON THIS DUPLEX.

Last Agent to Sell the Property

Sharon Norton

RE/MAX MID-MICHIGAN R.E. License #6501286070 Listed on: 06/14/2018

RE/MAX MID-MICHIGAN R.E.

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

Year Built

  • Built in 1930

Lot Details

  • 7,841

Home Design

  • Wood Siding

Additional Features

  • 7,841 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • The owner pays for water, gas

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $10,728
  • Net Operating Income $12,852

Property Details

Home Type

Apartment

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 23000.0
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas
  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Net Operating Income: 12852.13
  • Number of Units Total: 2
  • Operating Expense: 10727.87

Tax Info

  • Tax Annual Amount: 772.67
  • Tax Year: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2019
Sold by
Focus 4 8 Properties 04 Llc
Bought by
Hart David M and Hart Deborah
Current Estimated Value
$107,479

Purchase Details

Closed on
Jun 20, 2019
Sold by
Hart David M and Hart Deborah
Bought by
Focus 4 8 Properties 04 Llc

Purchase Details

Closed on
Apr 8, 2019
Sold by
Hart David M and Hart Deborah R
Bought by
Focus 4 8 Properties 04 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,300
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2019
Sold by
Focus 4 8 Properties 04 Llc
Bought by
Hart David M and Hart Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$41,300
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 14, 2018
Closed on
Jul 1, 2018
Sold by
Healing Numbers Llc
Bought by
Focus 4 8 Properties 04 Llc
Seller's Agent
Sharon Norton
RE/MAX MID-MICHIGAN R.E.
Buyer's Agent
Brock Spink
ERA REARDON REALTY, L.L.C.
Sold Price
$20,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.25%

Purchase Details

Closed on
Apr 18, 2013
Sold by
Alpha Share Pty Ltd
Bought by
Healing Numbers Llc

Purchase Details

Closed on
Jan 28, 2012
Sold by
Galaxy Real Estate Llc
Bought by
Alpha Share Pty Ltd

Purchase Details

Closed on
Mar 18, 2011
Sold by
Chau Eamonson and Chau Lisa
Bought by
Galaxy Real Estate Llc

Purchase Details

Closed on
Feb 10, 2011
Sold by
Usa Rental Fund Llc
Bought by
Chau Eamonson and Chau Lisa

Purchase Details

Closed on
Dec 10, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 18, 2002
Sold by
Ewing Thomas P and Ewing Kathleen
Bought by
Maurer Michael A and Maurer Jill D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,800
Interest Rate
9.5%
Mortgage Type
Purchase Money Mortgage
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
Hart David M -- None Available
Focus 4 8 Properties 04 Llc -- None Available
Focus 4 8 Properties 04 Llc -- American Title Co Of Jackson
Hart David M -- None Available
Focus 4 8 Properties 04 Llc $20,000 None Available
Healing Numbers Llc -- None Available
Alpha Share Pty Ltd -- None Available
Galaxy Real Estate Llc -- None Available
Chau Eamonson $12,500 None Available
Federal National Mortgage Association -- None Available
Maurer Michael A $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hart David M $41,300
Previous Owner Maurer Michael A $73,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2018 08/07/18 Sold $20,000 -- --
06/26/2018 06/26/18 Pending -- -- --
Source: MichRIC

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 $1,233 $32,800 $0 $0
2024 $11 $31,100 $0 $0
2023 $1,045 $26,900 $0 $0
2022 $1,129 $22,400 $0 $0
2021 $1,008 $20,050 $0 $0
2020 $1,248 $18,200 $0 $0
2019 $969 $13,800 $0 $0
2018 $843 $15,650 $0 $0
2017 $773 $14,950 $0 $0
2016 $666 $12,900 $12,900 $0
2015 $924 $11,900 $11,900 $0
2014 $924 $14,900 $0 $0
2013 -- $14,900 $14,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Sharon Norton

    Seller's Agent in 2018

    Sharon Norton

    RE/MAX Michigan

    (517) 789-9945

    85 Total Sales

    Sharon Norton
    Section Image
  • Brock Spink

    Buyer's Agent in 2018

    Brock Spink

    ERA REARDON REALTY, L.L.C.

    (517) 499-4755

    2 in this area

    91 Total Sales

    Brock Spink
    Section Image
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Map

Source: MichRIC

MLS Number: 21034719

MichRIC

APN: 2-091900000

Michigan Jackson County Jackson 49201 Downtown Jackson

509 Steward Ave, Jackson, MI

Not Listed for Sale

MultiFamily

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