$168,500
SOLD MAY 2, 2017
-- Bed
-- Bath
3,008 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$56 Per Sq Ft

13% Below List Price

253 Days on Market

About This Home

As of October 2019

This home is located at 517 Pearl St, Ypsilanti, MI 48197 and is currently priced at $168,500, approximately $56 per square foot. This property was built in 1894. 517 Pearl St is a home located in Washtenaw County with nearby schools including Estabrook Elementary School, Erickson Elementary School, and Holmes Elementary School.

Last Agent to Sell the Property

Dennis Longo

Premier Choice Realty License #6502335196 Listed on: 07/01/2016

Last Buyer's Agent

No Member

Non Member Sales

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1894

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 60x158

Parking

  • 5 Parking Spaces

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Community Details

  • 5 Units
  • Gross Income $31,800

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1894
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:Lot Dimensions: 60x158
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 6409.0
  • Tax Info:Zoning3: CN
  • General Property Info:Total _pound_ Units: 5
  • Substructure:Full: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement, Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 184900.0

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Dimensions: 60x158
  • Lot Size Sq Ft: 9583.0
  • Zoning Description: CN
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 31800.0
  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 6409.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2019
Closed on
Oct 21, 2019
Sold by
Salamen & Worthing Properties Llc
Bought by
Novak Ventures Llc
Seller's Agent
Cindy Mancina
National Realty Centers, Inc
Buyer's Agent
Anthony Orlando
Redfin Corporation
List Price
$269,900
Sold Price
$240,000
Premium/Discount to List
-$29,900
-11.08%
Current Estimated Value
$366,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,338
Avg. Annual Appreciation
7.11%
Original Mortgage
$180,000
Outstanding Balance
$159,343
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$198,685

Purchase Details

Listed on
Jul 1, 2016
Closed on
Apr 26, 2017
Sold by
Bracken Donald J and Brazil Dawn D
Bought by
517 Pearl Llc
Seller's Agent
Dennis Longo
Premier Choice Realty
Buyer's Agent
No Member
Non Member Sales
List Price
$193,900
Sold Price
$168,500
Premium/Discount to List
-$25,400
-13.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.40%
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 Type Sale Price Title Company
Warranty Deed $240,000 None Available
Quit Claim Deed -- None Available
Warranty Deed $168,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $180,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2019 10/21/19 Sold $240,000 -4.0% $80 / Sq Ft
09/16/2019 09/16/19 Pending -- -- --
08/20/2019 08/20/19 Price Changed $249,999 -7.4% $83 / Sq Ft
07/30/2019 07/30/19 For Sale $269,900 +60.2% $90 / Sq Ft
05/02/2017 05/02/17 Sold $168,500 -13.1% $56 / Sq Ft
03/11/2017 03/11/17 Pending -- -- --
07/01/2016 07/01/16 For Sale $193,900 -- $64 / Sq Ft
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 $9,150 $158,500 $0 $0
2024 $9,150 $139,400 $0 $0
2023 $8,627 $114,800 $0 $0
2022 $8,912 $105,500 $0 $0
2021 $8,754 $101,900 $0 $0
2020 $8,951 $99,900 $0 $0
2019 $7,652 $89,400 $89,400 $0
2018 $7,164 $84,800 $0 $0
2017 $6,333 $88,000 $0 $0
2016 $6,411 $74,121 $0 $0
2015 -- $73,900 $0 $0
2014 -- $73,900 $0 $0
2013 -- $73,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 60942

Southwestern Michigan Association of REALTORS®

APN: 11-40-464-007