$240,000
SOLD OCT 21, 2019

517 Pearl St Ypsilanti, MI 48197

Midtown Neighborhood
5 Beds
6 Baths
3,008 Sq Ft
1894 Built

Recently Sold

$80 Per Sq Ft

11% Below List Price

48 Days on Market

Highlights

  • Deck
  • Awning
  • Ceiling Fan
  • Covered Patio or Porch
  • Forced Air Heating System

About This Home

As of October 2019

5 Unit property, greatly improved since 2016, including windows, roof, 2 furnaces, 1 new bathroom, exterior of home and regrading of driveway (including enlargement). A complete list of updates and all repairs required per the New C of O, included in the Documents. Walking distance to EMU and DTY. Separate meters for gas and electric. Fully rented with leases, deposits and Current C of O through August 2021. Need Buyers up to date PoF or current Commercial pre approval from Lender, PRIOR to Showings. Need at least 24 hour notice for Showings to communicate with the Property Manager and Tenants All apartments are occupied. BATVAI

Last Agent to Sell the Property

Cindy Mancina

National Realty Centers, Inc License #6501278506 Listed on: 07/30/2019

National Realty Centers, Inc

Last Buyer's Agent

Anthony Orlando

Redfin Corporation License #6501414927

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1894 | Remodeled in 2019

Lot Details

  • Lot Dimensions are 60x158x60x158

Home Design

  • Block Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 6 Full Bathrooms
  • 3,008 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Awning
  • Unfinished Basement
  • Walk-Out Basement

Parking

  • 7 Parking Spaces
  • Unassigned Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Shared Water Meter

Community Details

  • 5 Units
  • Stucks Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 111140464007
  • $10,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

Built in 1894 | Remodeled in 2019

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 1894
  • State Equalized Value: 84800.0000
  • Year Renovated: 2019
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Type: Unfinished, Walkout Access
  • Sq Ft Combined: 3008
  • Total Sq Ft: 3008

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Michigan Basement
  • Construction Materials: Aluminum, Vinyl, Wood
  • Exclusions: Yes
  • Exterior Features: Awning/Overhang(s), Lighting
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Porch Type: Deck, Porch - Covered
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Unassigned/General
  • Total Parking Spaces: 7

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Separate Meter, Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Common
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Ypsilanti

Lot Info

  • Lot Dimensions: 60x158x60x158
  • Parcel Number: 111140464007
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup)
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 3010

Tax Info

  • Tax Amount Summer: 291.0000
  • Tax Amount Winter: 7034.0000
  • Total Tax: 7325.0000
  • Taxable Value: 84800.0000

Multi Family

  • Gross Scheduled Income: 36120.00
  • Number Of Units Total: 5
  • Unit Count: 5
  • Number of Efficiency Units: 1
  • Number of One Bedroom Units: 3
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 5

MLS Schools

  • School District: Ypsilanti

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
$389,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,844
Avg. Annual Appreciation
7.00%
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: 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 $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

  • Cindy Mancina

    Seller's Agent in 2019

    Cindy Mancina

    National Realty Centers, Inc

    (734) 634-1819

    1 in this area

    41 Total Sales

    Cindy Mancina
    Section Image

  • A

    Buyer's Agent in 2019

    Anthony Orlando

    Redfin Corporation

  • Dennis Longo

    Seller's Agent in 2017

    Dennis Longo

    Premier Choice Realty

    (734) 649-6182

    1 in this area

    57 Total Sales

    Dennis Longo
    Section Image

  • N

    Buyer's Agent in 2017

    No Member

    Non Member Sales

See All Agents

Map

Source: Realcomp

MLS Number: 219076268

Realcomp

APN: 11-40-464-007

Michigan Washtenaw County Ypsilanti 48197 Midtown

517 Pearl St, Ypsilanti, MI

This home is located at 517 Pearl St, Ypsilanti, MI 48197 and is currently priced at $240,000, approximately $79 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.

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
Copyright 2025 Realcomp II Ltd. Shareholders
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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