NOT LISTED FOR SALE

516 N Congress St Ypsilanti, MI 48197

Midtown Neighborhood

Estimated Value: $224,260 - $267,000

4 Beds
2 Baths
1,482 Sq Ft
$163/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $155,000 $105 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,813/month

12 Days on Market

Highlights

  • 0.16 Acre Lot
  • Porch
  • Ceiling Fan
  • Deck
  • Forced Air Heating and Cooling System
  • Cats Allowed

About This Home

As of January 2021

Great opportunity to own legal duplex that is currently rented as a 4-bedroom, 2 full bath, 2 kitchens, and 2 living rooms. Many updates over the past couple years including furnace, A/C, electrical panel, concrete sidewalk, and new back deck. Close to EMU and vibrant downtown Ypsilanti. Fully rented till 08/20/2021 at $1,890, tenant pays all utilities. Great rental investment. Showings available only on Thursday between 2:30-6:30

Last Agent to Sell the Property

Ben Hendricks

Realty Ink License #6501348934 Listed on: 10/22/2020

Last Buyer's Agent

Ben Hendricks

Realty Ink License #6501348934 Listed on: 10/22/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 35.50x198.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 2 Full Bathrooms
  • 1,482 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 111140464036

Community Details

Overview

  • 2 Units
  • Cross & Bagley's Add Subdivision

Pet Policy

  • Cats Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1900
  • State Equalized Value: 76600.0000
  • Pets Allowed: Cats OK
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement: Yes
  • Basement Type: Interior Access Only
  • Sq Ft Combined: 1482
  • Total Sq Ft: 1482
  • Sq Ft Total Bsmt: 450

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Aluminum
  • Foundation Materials: Block
  • Frontage Feet: 36
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Sewer-Sanitary
  • Water Heater Fuel: Natural Gas
  • Water Source: Municipal Water
  • Laundry Facilities: No

Schools

  • School District: Ypsilanti

Lot Info

  • List Price per Acre: 1124375.0000
  • Lot Size Area: 0.16
  • Lot Dimensions: 35.50X198.00
  • Parcel Number: 111140464036
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Snow Removal, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1890

Tax Info

  • Tax Amount Summer: 3776.0000
  • Tax Amount Winter: 148.0000
  • Total Tax: 3924.0000
  • Taxable Value: 43815.0000

Multi Family

  • Gross Scheduled Income: 22680.00
  • Number Of Units Total: 2
  • Unit Count: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Ypsilanti

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2006
Sold by
Barnes Robert C and Barnes Sharon L
Bought by
Barnes & Barnes Properties Llc
Current Estimated Value
$241,315
Source: Public Records

Range of Values:

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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
Barnes & Barnes Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandy Mcfidhish Llc $2,274,823
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $155,000 -13.8% $105 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $179,900 -- $121 / Sq Ft
Source: Realcomp

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 $6,340 $92,600 $0 $0
2024 $6,340 $88,500 $0 $0
2023 $5,977 $81,900 $0 $0
2022 $7,565 $89,500 $0 $0
2021 $3,839 $86,600 $0 $0
2020 $3,926 $76,600 $0 $0
2019 $3,810 $72,000 $72,000 $0
2018 $3,359 $63,800 $0 $0
2017 $3,291 $61,200 $0 $0
2016 $3,332 $38,520 $0 $0
2015 -- $38,405 $0 $0
2014 -- $37,206 $0 $0
2013 -- $37,206 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ben Hendricks

    Seller's Agent in 2021

    Ben Hendricks

    Realty Ink

    (734) 788-8767

    5 in this area

    78 Total Sales

    Ben Hendricks
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Map

Source: Realcomp

MLS Number: 2200087133

Realcomp

APN: 11-40-464-036

Michigan Washtenaw County Ypsilanti 48197 Midtown

516 N Congress St, Ypsilanti, MI

This home is located at 516 N Congress St, Ypsilanti, MI 48197 since 22 October 2020 and is currently estimated at $241,315, approximately $162 per square foot. This property was built in 1900. 516 N Congress St is a home located in Washtenaw County with nearby schools including Estabrook Elementary School, Erickson Elementary School, and Holmes 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.

Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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