Seller's Agent in 2024
Bryan Gardner
Modern Realty
(989) 513-8145
112 in this area
191 Total Sales
515 E Grove St Midland, MI 48640
Estimated Value: $313,000 - $341,000
5
Beds
4
Baths
2,796
Sq Ft
$118/Sq Ft
Est. Value
Highlights
- Porch
- Living Room
- Shed
- Northeast Middle School Rated A-
About This Home
As of May 2024Average monthly revenue of $4,035. Welcome to your next investment venture! This meticulously maintained four-unit property is a golden opportunity for savvy investors. With all units currently occupied, you'll enjoy immediate returns on your investment. Inside, three out of the four units have been tastefully updated with new flooring, fresh paint, and modernized bathrooms. With new lighting fixtures throughout, these units shine with contemporary charm, attracting quality tenants and maximizing rental income. Step outside and admire the newer installed roof, ensuring durability and peace of mind for years to come. The front porch, crafted from low-maintenance Trex material, adds to the property's curb appeal while reducing maintenance hassles. Plus, the freshly painted exterior gives the building a crisp, inviting look that tenants and locals alike will appreciate. The upgrades don't stop there! A brand-new storage shed provides convenient storage space, while a new boiler and oversized hot water tank ensure efficient operation and lower utility costs. There's more! This property offers additional income potential with a shared basement featuring coin laundry facilities. That's right, sit back and watch as the coin-operated machines generate steady income month after month. Located in a desirable area, this property promises steady rental income and long-term appreciation. Don't miss out on this lucrative investment opportunity – schedule your viewing today!
Last Agent to Sell the Property
Modern Realty License #MBR-6501360137 Listed on: 05/03/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1890
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 110x90
Parking
- 3 Car Parking Spaces
Interior Spaces
- Living Room
- Oven or Range
- Laundry on lower level
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- Basement Storage
Outdoor Features
- Shed
- Breezeway
- Porch
Utilities
- Boiler Heating System
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 14-16-50-034
Community Details
Overview
- 4 Units
- Carpenter's Addition To The City Of Midland Subdivision
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 3, 2024
Sold by
Crane Michael
Bought by
Whole Shebang Llc
Current Estimated Value
Purchase Details
Listed on
May 3, 2024
Closed on
May 29, 2024
Sold by
Fair Estates Llc
Bought by
Crane Michael
Seller's Agent
Bryan Gardner
Modern Realty
Buyer's Agent
Denise Vinson
Century 21 Signature Realty Midland
List Price
$325,000
Sold Price
$312,000
Premium/Discount to List
-$13,000
-4%
Views
29
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.08%
Purchase Details
Listed on
Dec 28, 2018
Closed on
Aug 28, 2019
Sold by
Fair Michael Anthony
Bought by
Fair Estates Llc
Seller's Agent
Linda Berth
Coldwell Banker Professionals
Buyer's Agent
Keely McCaffrey
eXp Realty
List Price
$169,900
Sold Price
$158,900
Premium/Discount to List
-$11,000
-6.47%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.23%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Whole Shebang Llc | -- | None Listed On Document | |
| Whole Shebang Llc | -- | None Listed On Document | |
| Crane Michael | $312,000 | None Listed On Document | |
| Fair Estates Llc | -- | None Available | |
| Fair Michael Anthony | $159,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/29/2024 05/29/24 | Sold | $312,000 | -4.0% | $112 / Sq Ft | |
| 05/08/2024 05/08/24 | Pending | -- | -- | -- | |
| 05/03/2024 05/03/24 | For Sale | $325,000 | +104.5% | $116 / Sq Ft | |
| 08/28/2019 08/28/19 | Sold | $158,900 | 0.0% | $57 / Sq Ft | View Prior Sale |
| 07/30/2019 07/30/19 | Off Market | $158,900 | -- | -- | |
| 07/09/2019 07/09/19 | For Sale | $169,900 | +6.9% | $61 / Sq Ft | |
| 07/01/2019 07/01/19 | Pending | -- | -- | -- | |
| 06/30/2019 06/30/19 | Off Market | $158,900 | -- | -- | |
| 04/26/2019 04/26/19 | Price Changed | $169,900 | -5.6% | $61 / Sq Ft | |
| 12/28/2018 12/28/18 | For Sale | $179,900 | -- | $64 / Sq Ft |
Source: Midland Board of REALTORS®
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 | $4,638 | $115,400 | $0 | $0 |
| 2024 | $3,214 | $98,100 | $0 | $0 |
| 2023 | $3,061 | $87,100 | $0 | $0 |
| 2022 | $4,209 | $84,600 | $0 | $0 |
| 2021 | $4,036 | $73,200 | $0 | $0 |
| 2020 | $3,919 | $67,400 | $0 | $0 |
| 2019 | $3,766 | $67,300 | $8,800 | $58,500 |
| 2018 | $3,664 | $80,500 | $8,800 | $71,700 |
| 2017 | $0 | $69,400 | $8,800 | $60,600 |
| 2016 | $3,530 | $67,400 | $8,800 | $58,600 |
| 2012 | -- | $63,900 | $8,800 | $55,100 |
Source: Public Records
Agents Affiliated with this Home
-
Bryan Gardner
-
Denise Vinson
Buyer's Agent in 2024
Denise Vinson
Century 21 Signature Realty Midland
(989) 600-9845
43 in this area
84 Total Sales
-
Linda Berth
Seller's Agent in 2019
Linda Berth
Coldwell Banker Professionals
(989) 205-0920
41 in this area
61 Total Sales
-
K
Buyer's Agent in 2019
Keely McCaffrey
eXp Realty
Map
Source: Midland Board of REALTORS®
MLS Number: 50140991
APN: 14-16-50-034
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.
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