NOT LISTED FOR SALE

514 E Church St Unit 516 CHURCH ST. Adrian, MI 49221

Estimated Value: $124,000 - $146,000

-- Bed
-- Bath
2,130 Sq Ft
$63/Sq Ft Est. Value

Last Sold October 18, 2013

Last sale price $42,000 $20 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $970/month

11 Days on Market

Highlights

  • Fenced Yard
  • Porch
  • 1-minute walk to Monument Park

About This Home

As of October 2013

LIVE RENT FREE! OWNER CAN LIVE IN ONE SIDE AND THE RENTAL FROM THE OTHER UNIT HELPS TO PAY YOUR MORTGAGE. APPLIANCES ARE INCLUDED. CLOSE TO DOWNTOWN ADRIAN AND MIDDLE SCHOOL. NEW CARPET IN ONE UNIT. NEW WATER HEATER IN 2011. SEPARATE ELECTRIC & GAS METERS.

Last Agent to Sell the Property

Kelly Heidbreder

Milestone Realty License #LCAR-6501369364 Listed on: 10/07/2013

Last Buyer's Agent

Kelly Heidbreder

Milestone Realty License #LCAR-6501369364 Listed on: 10/07/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 115x50x115x50
  • Fenced Yard

Utilities

  • Gas Water Heater
  • Internet Available

Additional Features

  • 2-Story Property
  • Porch

Community Details

  • 2 Units
  • Net Operating Income $6,946

Listing and Financial Details

  • Assessor Parcel Number XA0-515-0155-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Originating MLS: Lenawee
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1873.51
  • Total Tax Year: 2011
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cable/Internet Avail.
  • Estimated Sq Ft: 2130

Exterior Features

  • Construction: Aluminum
  • Exterior Features: Fenced Yard, Porch
  • Frontage: 50
  • Roads: Paved Street

Utilities

  • Water: Public Water At Street
  • Water Heater: Gas
  • Fuel Type: Electric, Natural Gas
  • Heating System: Steam
  • Sewer/Septic System: Public At Street

Lot Info

  • Assessor Parcel Number: XA0-515-0155-00
  • Lot Dimensions: 115X50X115X50
  • Acreage: 0.13
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Trash Removal, Water/Sewer
  • Total Expenses: 4754

Tax Info

  • Summer Tax: Amount: $1,378.45
  • Winter Tax: Amount: $495.06
  • Taxable Value: 30700
  • Total Tax: Year: 2011, Amount: $1,873.51
  • SEV Year: 2011

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2019
Sold by
Adrian Apartment Grp Llc
Bought by
Faulhaber Thomas R and Faulhaber Marcia E
Current Estimated Value
$134,023

Purchase Details

Listed on
Oct 7, 2013
Closed on
Oct 18, 2013
Sold by
May Eric R
Bought by
Adrian Apartment Group Llc
Seller's Agent
Kelly Heidbreder
Milestone Realty
Buyer's Agent
Kelly Heidbreder
Milestone Realty
List Price
$45,000
Sold Price
$42,000
Premium/Discount to List
-$3,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%

Purchase Details

Closed on
Nov 23, 2009
Sold by
May Julie B
Bought by
May Eric R

Purchase Details

Closed on
May 9, 2008
Sold by
Faulhaber Thomas and Faulhaber Marci E
Bought by
May Eric R and May Julie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2006
Sold by
Deutsche Bank National Trust Co
Bought by
Faulhaber Thomas and Faulhaber Marci E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.39%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Faulhaber Thomas R $79,000 None Available
Adrian Apartment Group Llc $42,000 None Available
May Eric R -- None Available
May Eric R $75,000 None Available
Faulhaber Thomas $72,000 E Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner May Eric R $60,000
Previous Owner Faulhaber Thomas $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2013 10/18/13 Sold $42,000 -6.7% $20 / Sq Ft
10/07/2013 10/07/13 For Sale $45,000 -- $21 / 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 $3,103 $44,200 $0 $0
2024 $2,030 $42,600 $0 $0
2023 $2,493 $39,500 $0 $0
2022 $3,755 $36,200 $0 $0
2021 $1,896 $31,800 $0 $0
2020 $1,884 $30,400 $0 $0
2019 $1,052 $27,500 $0 $0
2018 $1,424 $33,436 $0 $0
2017 $1,383 $23,633 $0 $0
2016 $1,372 $22,929 $0 $0
2014 -- $24,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20375680

Michigan Multiple Listing Service

APN: XA0-515-0155-00