NOT LISTED FOR SALE

516 N Adams St Ypsilanti, MI 48197

Ypsi Riverside Neighborhood

Estimated Value: $299,300 - $349,000

5 Beds
3 Baths
-- Sq Ft
5,837 Sq Ft Lot

Last Sold September 14, 2022

Last sale price $245,000

Est. 30% increase in value since last sale

Current estimated payment $1,999/month

56 Days on Market

About This Home

As of September 2022

This home is located at 516 N Adams St, Ypsilanti, MI 48197 since 18 July 2022 and is currently estimated at $317,325. This property was built in 1890. 516 N Adams St is a home located in Washtenaw County with nearby schools including Estabrook Elementary School, Holmes Elementary School, and Erickson Elementary School.

Last Agent to Sell the Property

Amy Grude

Pleasant Peninsula Real Estate License #6501438737 Listed on: 07/18/2022

Last Buyer's Agent

Amy Grude

Pleasant Peninsula Real Estate License #6501438737 Listed on: 07/18/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,961

Year Built

  • Built in 1890

Lot Details

  • 5,837

Parking

  • 4 Parking Spaces

Additional Features

  • Michigan Basement
  • Lot Dimensions are 53 x 110

Community Details

  • 2 Units
  • Laundry Facilities
  • Gross Income $28,570

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,961

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 53 x 110
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5961.23
  • Tax Info:Zoning3: R-2
  • General Property Info:Total _pound_ Units: 2
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 270000.0

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Lot Info

  • Lot Dimensions: 53 x 110
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 28570.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5961.23
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 13, 2022
Sold by
Grude Amy L
Bought by
Heim Keith
Seller's Agent
Amy Grude
Pleasant Peninsula Real Estate
Buyer's Agent
Amy Grude
Pleasant Peninsula Real Estate
List Price
$280,000
Sold Price
$245,000
Premium/Discount to List
-$35,000
-12.5%
Current Estimated Value
$317,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,325
Avg. Annual Appreciation
6.06%
Original Mortgage
$183,750
Outstanding Balance
$176,246
Interest Rate
5.22%
Mortgage Type
New Conventional
Estimated Equity
$116,733

Purchase Details

Listed on
Feb 24, 2014
Closed on
Apr 22, 2014
Sold by
Vandenbosch James L and Vandenbosch Terry
Bought by
Grude Amy L
Seller's Agent
Nancy Bishop
The Charles Reinhart Company
Buyer's Agent
William Cron
Pleasant Peninsula Real Estate
List Price
$154,500
Sold Price
$152,500
Premium/Discount to List
-$2,000
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$114,375
Interest Rate
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2003
Sold by
Kaj Properties Llc
Bought by
Vandenbosch James L and Vandenbosch Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.71%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 5, 1998
Sold by
Lotz Jeffery A
Bought by
Vaden Jeffrey D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
7.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 1995
Sold by
Homeyer Suzanne T
Bought by
Lotz Jeffrey A and Lotz Patricia
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
Heim Keith $245,000 Preferred Title
Grude Amy L $152,500 American Title Co Of Washten
Vandenbosch James L $155,000 Transnation Title Ins Co
Vaden Jeffrey D $115,000 --
Lotz Jeffrey A $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heim Keith $183,750
Previous Owner Grude Amy L $114,375
Previous Owner Vandenbosch James L $124,000
Previous Owner Vaden Jeffrey D $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2022 09/14/22 Sold $245,000 -12.5% --
09/12/2022 09/12/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $280,000 +83.6% --
05/05/2014 05/05/14 Sold $152,500 -1.3% --
05/02/2014 05/02/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $154,500 -- --
Source: Southwestern Michigan Association 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 $10,263 $139,400 $0 $0
2024 $10,263 $129,400 $0 $0
2023 $10,105 $128,700 $0 $0
2022 $6,069 $115,400 $0 $0
2021 $5,883 $105,900 $0 $0
2020 $6,095 $98,600 $0 $0
2019 $5,883 $88,300 $88,300 $0
2018 $5,519 $80,900 $0 $0
2017 $5,407 $77,500 $0 $0
2016 $5,474 $63,289 $0 $0
2015 -- $63,100 $0 $0
2014 -- $54,374 $0 $0
2013 -- $54,374 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Grude

    Seller's Agent in 2022

    Amy Grude

    Pleasant Peninsula Real Estate

    (734) 260-2712

    1 in this area

    4 Total Sales

    Amy Grude
    Section Image
  • Nancy Bishop

    Seller's Agent in 2014

    Nancy Bishop

    The Charles Reinhart Company

    (734) 646-1333

    361 Total Sales

    Nancy Bishop
    Section Image
  • William Cron

    Buyer's Agent in 2014

    William Cron

    Pleasant Peninsula Real Estate

    (734) 546-8701

    5 Total Sales

    William Cron
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18237

Southwestern Michigan Association of REALTORS®

APN: 11-40-106-005

Michigan Washtenaw County Ypsilanti 48197 Ypsi Riverside

516 N Adams St, Ypsilanti, MI

This home is located at 516 N Adams St, Ypsilanti, MI 48197 since 18 July 2022 and is currently estimated at $317,325. This property was built in 1890. 516 N Adams St is a home located in Washtenaw County with nearby schools including Estabrook Elementary School, Holmes Elementary School, and Erickson Elementary 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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