NOT LISTED FOR SALE

512 E Exchange St Owosso, MI 48867

Estimated Value: $208,000 - $230,000

6 Beds
4 Baths
3,520 Sq Ft
$61/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $172,500 $49 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,719/month

58 Days on Market

About This Home

As of March 2022

Great opportunity for investment property. 4 unit building. Two-2 bedroom and two 1- bedroom apartments. Located close to downtown Owosso. Well maintained property with full basements and a detached 2 car garage. Property is Broker owned.

Last Agent to Sell the Property

Jane Setterington

SETTERINGTON PROPERTIES License #SAOR-6501303591 Listed on: 12/18/2021

Last Buyer's Agent

Morgan Beilfuss

THE HOME OFFICE REALTY LLC License #SAOR-277052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Community Details

  • 4 Units
  • Williams Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 050-666-000-039-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,974

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Originating MLS: Greater Shiawassee Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1920
  • Mail City: Owosso
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Estimated Sq Ft: 3520

Exterior Features

  • Foundation Type: Basement

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2

Utilities

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

Lot Info

  • Assessor Parcel Number: 050-666-000-039-00
  • Lot Dimensions: 66x132
  • Acreage: 0.2
  • Geo Subdivision: MI

Rental Info

  • Lease Information: Less Than 1 Year, Month-To-Month, No Pets Allowed, Electric Included, Gas Included, Heat Included, Security Deposit, Water Included

Tax Info

  • Summer Tax: Year: 2021, Amount: $1,937.00
  • Winter Tax: Year: 2021, Amount: $2,037.00
  • Total Tax: Year: 2021, Amount: $3,974.00

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Owosso Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2021
Closed on
Mar 28, 2022
Sold by
Setterington Jane M and Setterington Wayne D
Bought by
Gilmore Kyle and Gilmore Maci
Seller's Agent
Jane Setterington
SETTERINGTON PROPERTIES
Buyer's Agent
Morgan Beilfuss
THE HOME OFFICE REALTY LLC
List Price
$175,000
Sold Price
$172,500
Premium/Discount to List
-$2,500
-1.43%
Total Days on Market
58
Current Estimated Value
$215,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,242
Avg. Annual Appreciation
8.98%
Original Mortgage
$129,375
Outstanding Balance
$122,734
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$104,978

Purchase Details

Listed on
Dec 18, 2021
Closed on
Mar 24, 2022
Sold by
Setterington Jane M and Setterington Wayne D
Bought by
Gilmore Kyle and Gilmore Maci
Seller's Agent
Jane Setterington
SETTERINGTON PROPERTIES
Buyer's Agent
Morgan Beilfuss
THE HOME OFFICE REALTY LLC
List Price
$175,000
Sold Price
$172,500
Premium/Discount to List
-$2,500
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,375
Outstanding Balance
$122,734
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$104,978

Purchase Details

Closed on
Mar 15, 2013
Sold by
Setterington Wayne D
Bought by
Setterington Wayne D and Setterington Jane M
Source: Public Records

Range of Values:

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Average Value
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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
Gilmore Kyle $172,500 Cislo Title
Gilmore Kyle $172,500 Cislo Title
Setterington Wayne D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilmore Kyle $129,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $172,500 -1.4% $49 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
01/28/2022 01/28/22 For Sale $175,000 0.0% $50 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/18/2021 12/18/21 For Sale $175,000 -- $50 / Sq Ft
Source: Michigan Multiple Listing Service

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
2024 $6,158 $111,400 $0 $0
2023 $2,734 $99,600 $0 $0
2022 $4,448 $90,300 $0 $0
2021 $4,245 $84,200 $0 $0
2020 $4,323 $78,100 $0 $0
2019 $4,247 $65,500 $0 $0
2018 -- $65,000 $0 $0
2017 -- $63,600 $0 $0
2016 -- $63,600 $0 $0
2015 -- $63,300 $0 $0
2014 -- $62,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jane Setterington

    SETTERINGTON PROPERTIES

    (989) 277-3421

    Section Image
  • Morgan Beilfuss

    Buyer's Agent in 2022

    Morgan Beilfuss

    THE HOME OFFICE REALTY LLC

    (989) 277-7860

    624 Total Sales

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50062874

Michigan Multiple Listing Service

APN: 050-666-000-039-00

Michigan Shiawassee County Owosso 48867

512 E Exchange St, Owosso, MI

This home is located at 512 E Exchange St, Owosso, MI 48867 since 18 December 2021 and is currently estimated at $215,742, approximately $61 per square foot. This property was built in 1920. 512 E Exchange St is a home located in Shiawassee County with nearby schools including Owosso High School, Salem Lutheran School, and St. Joseph 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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