NOT LISTED FOR SALE

512 E Exchange St Owosso, MI 48867

Estimated Value: $185,000 - $242,515

6 Beds
4 Baths
3,520 Sq Ft
$60/Sq Ft Est. Value

Last Sold March 25, 2022

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

Est. 23% increase in value since last sale

Current estimated payment $1,622/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
  • Total Tax Amount: 3974
  • Total Tax Year: 2021
  • 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

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%
Current Estimated Value
$212,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,879
Avg. Annual Appreciation
5.66%
Original Mortgage
$129,375
Outstanding Balance
$121,740
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$90,639

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
$121,740
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$90,639

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:

--
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
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 List to Sale Price per Sq Ft
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
2025 $6,158 $120,700 $0 $0
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

    Section Image

  • M

    Buyer's Agent in 2022

    Morgan Beilfuss

    THE HOME OFFICE REALTY LLC

    Section Image
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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

Not Listed for Sale

MultiFamily

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