NOT LISTED FOR SALE

Estimated Value: $873,000 - $1,471,000

4 Beds
3 Baths
-- Sq Ft
1,960 Sq Ft Lot

Last Sold January 28, 2015

Last sale price $394,000

Est. 167% increase in value since last sale

Current estimated payment $6,430/month

64 Days on Market

Highlights

  • Laundry Facilities
  • Wood Siding
  • 2-minute walk to South University Park
  • Angell School Rated A+

About This Home

As of January 2015

This home is located at 509 Walnut St, Ann Arbor, MI 48104 since 24 November 2014 and is currently estimated at $1,050,184. This property was built in 1900. 509 Walnut St is a home located in Washtenaw County with nearby schools including Angell School, Tappan Middle School, and Huron High School.

Last Agent to Sell the Property

James Mangan

The Charles Reinhart Company License #6506044615 Listed on: 11/24/2014

The Charles Reinhart Company

Last Buyer's Agent

Jon Keller

J Keller Properties, LLC License #6502370935

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,480

Year Built

  • Built in 1900

Lot Details

  • 1,960 Sq Ft Lot
  • Lot Dimensions are 32x61

Parking

  • 2 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Schools

  • Angell Elementary School
  • Tappan Middle School
  • Huron High School

Community Details

  • Laundry Facilities
  • Gross Income $33,600

Listing and Financial Details

  • Tenant pays for electric, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,480

Year Built

Built in 1900

Lot Details

1,960 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 32X61
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R4C
  • General Property Info:Total _pound_ Units: 1
  • Substructure:Full: Yes
  • Extras:Laundry Facility: Yes
  • General Property Info Elementary School2: Angell Elementary School
  • General Property Info High School: Huron High School
  • General Property Info Middle School2: Tappan Middle School
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 399000.0
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Schools

  • Elementary School: Angell Elementary School
  • High School: Huron High School
  • Middle/Junior School: Tappan Middle School

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 32X61
  • Lot Size Sq Ft: 1960.0
  • Zoning Description: R4C

Rental Info

  • Tenant Pays: Electric, Water

Multi Family

  • Gross Income: 33600.0
  • Number of Units Total: 1

Tax Info

  • Tax Annual Amount: 5480.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2020
Sold by
509 Walnut Llc
Bought by
509 Walnut Street Llc
Current Estimated Value
$1,050,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,122,500
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 15, 2015
Sold by
Starman Jeffrey S and Starman Helen D
Bought by
Gre507 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2015
Sold by
Schroeder Mark W and Schroeder Penny
Bought by
509 Walnut Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,650,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 24, 2014
Closed on
Jan 28, 2015
Sold by
Lum Francis
Bought by
Schroeder Mark
Seller's Agent
James Mangan
The Charles Reinhart Company
Buyer's Agent
Jon Keller
J Keller Properties, LLC
List Price
$399,000
Sold Price
$394,000
Premium/Discount to List
-$5,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.27%
Original Mortgage
$295,500
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 1998
Sold by
Lum Bernadine
Bought by
G S T Family Trust
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
509 Walnut Street Llc -- Devon Title Agency
Gre507 Llc $133 --
Gre507 Llc $133 --
509 Walnut Llc -- Devon Title Agency
Schroeder Mark $394,000 Liberty Title
G S T Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 509 Walnut Street Llc $11,122,500
Previous Owner Gre507 Llc $1,650,000
Previous Owner Schroeder Mark $295,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2015 01/28/15 Sold $394,000 -1.3% --
01/27/2015 01/27/15 Pending -- -- --
11/24/2014 11/24/14 For Sale $399,000 -- --
Source: MichRIC

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 $12,232 $227,700 $0 $0
2024 $12,577 $236,600 $0 $0
2023 $11,614 $225,400 $0 $0
2022 $14,056 $212,100 $0 $0
2021 $12,473 $187,200 $0 $0
2020 $12,105 $185,000 $0 $0
2019 $11,885 $185,200 $185,200 $0
2018 $11,469 $179,500 $0 $0
2017 $11,211 $183,600 $0 $0
2016 $10,816 $174,800 $0 $0
2015 $5,543 $93,147 $0 $0
2014 $5,543 $90,238 $0 $0
2013 -- $90,238 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 17830

MichRIC

APN: 09-28-412-027

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