NOT LISTED FOR SALE

510 McDonald St Midland, MI 48640

Estimated Value: $203,000 - $325,000

4 Beds
4 Baths
2,310 Sq Ft
$104/Sq Ft Est. Value

Last Sold January 18, 2019

Last sale price $130,000 $56 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,660/month

143 Days on Market

Highlights

  • Zoned Heating
  • Northeast Middle School Rated A-
  • 5-minute walk to Midland County Parks & Rec

About This Home

As of January 2019

Great investment opportunity! Located in the up and coming downtown area. This 4 unit apartment has great occupancy history and net income. All units are 1 bedroom with 2 units on the first level and 2 units on the second level. Each unit is approximately 450-500 square feet. Convenient location for tenants near a park and walking distance to all of downtown Midland.

Last Agent to Sell the Property

Daniel Broderick

eXp Realty License #MBR-6506044534 Listed on: 07/23/2018

eXp Realty

Co-Listed By

Jamie Broderick

eXp Realty License #MBR-6501367721

Last Buyer's Agent

Kim Donaghy

Ayre Rhinehart Real Estate Partners License #MBR-6501375053

Ayre Rhinehart Real Estate Partners

Property Details

Home Type

  • Apartment

Est. Annual Taxes

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60 x 120

Parking

  • 2 Car Garage

Interior Spaces

  • 1.5-Story Property
  • Oven or Range
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Zoned Heating
  • Boiler Heating System
  • Gas Water Heater
  • Community Sewer or Septic

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 14-16-50-830

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,227

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Originating MLS: Midland Board of Realtors
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units, Apartment
  • Type Of Property: Multi-Family
  • Structure Style: 1 1/2 Story
  • Flood Insurance: Not Required
  • Total Tax Amount: 3091
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Estimated Sq Ft: 2310

Exterior Features

  • Frontage: 60
  • Foundation Type: Basement
  • Roads: City/County

Garage/Parking

  • Garage Spaces: 2

Utilities

  • Water: Community
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Boiler, Zoned Heating
  • Sewer/Septic System: Community

Schools

  • Elementary School: Central Park
  • Middle School: Northeast
  • High School: Midland

Lot Info

  • Assessor Parcel Number: 14-16-50-830
  • Lot Dimensions: 60 x 120
  • Acreage: 0.17
  • Lot Description: Sidewalks
  • Zoning: Multi-Family, Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Electric, Gas, Snow Removal, Taxes, Water/Sewer
  • Lease Information: Electric Included, Gas Included, Heat Included, Water Included

Tax Info

  • Summer Tax: Year: 2018, Amount: $2,152.00
  • Winter Tax: Year: 2017, Amount: $939.00
  • Taxable Value: 53569
  • Total Tax: Amount: $3,091.00
  • SEV Year: 2018

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Midland Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2018
Closed on
Jan 17, 2019
Sold by
Waterman Rebecca
Bought by
Wood Donald Adrian and Wood Tracey Lucy
Seller's Agent
Daniel Broderick
eXp Realty
Buyer's Agent
Kim Donaghy
Ayre Rhinehart Real Estate Partners
List Price
$144,900
Sold Price
$130,000
Premium/Discount to List
-$14,900
-10.28%
Current Estimated Value
$240,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,144
Avg. Annual Appreciation
9.35%

Purchase Details

Closed on
May 28, 2015
Sold by
Billy Joe Waterman Trust
Bought by
Andrick Floyd

Purchase Details

Closed on
Aug 15, 2013
Sold by
Brewer Agnes
Bought by
Andrick Floyd

Purchase Details

Closed on
May 14, 2013
Sold by
Rebecca Rebecca
Bought by
Waterman Trust Billy Joe
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
Wood Donald Adrian $130,000 None Available
Waterman Rebecca $106,906 None Available
Andrick Floyd -- None Available
Andrick Floyd $84,500 --
Waterman Trust Billy Joe -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2019 01/18/19 Sold $130,000 0.0% $56 / Sq Ft
12/13/2018 12/13/18 Pending -- -- --
10/01/2018 10/01/18 Price Changed $130,000 -10.3% $56 / Sq Ft
08/29/2018 08/29/18 Price Changed $144,900 -3.3% $63 / Sq Ft
07/25/2018 07/25/18 Price Changed $149,900 +3.5% $65 / Sq Ft
07/23/2018 07/23/18 For Sale $144,900 -- $63 / Sq Ft
Source: Midland Board 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 $4,227 $108,700 $0 $0
2024 $2,930 $93,000 $0 $0
2023 $2,790 $79,900 $0 $0
2022 $3,836 $77,400 $0 $0
2021 $3,678 $66,700 $0 $0
2020 $3,640 $62,600 $0 $0
2019 $3,170 $62,500 $10,000 $52,500
2018 $3,084 $61,600 $10,000 $51,600
2017 -- $52,900 $10,000 $42,900
2016 $3,166 $52,000 $10,800 $41,200
2012 -- $50,400 $10,800 $39,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midland Board of REALTORS®

MLS Number: 31354809

Midland Board of REALTORS®

APN: 14-16-50-830