NOT LISTED FOR SALE

518 E Church St Adrian, MI 49221

Estimated Value: $110,113 - $147,000

-- Bed
-- Bath
1,800 Sq Ft
$71/Sq Ft Est. Value

Last Sold February 15, 2012

Last sale price $40,000 $22 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $859/month

66 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • 1-minute walk to Monument Park

About This Home

As of February 2012

Side by side dupex with parking in rear of house. one unit is currently rented. Larger unit has newly updated kitchen.

Last Agent to Sell the Property

David Corder

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6502332298 & 6502357706 Listed on: 11/11/2011

Howard Hanna Real Estate Services-Tecumseh

Last Buyer's Agent

Paula Mamayek

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6502123566

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 115x98x115x98

Home Design

  • Vinyl Siding

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Additional Features

  • 2-Story Property
  • Porch
  • Partially Finished Basement

Community Details

  • 2 Units
  • Net Operating Income $9,300

Listing and Financial Details

  • Assessor Parcel Number XA0-515-0154-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1345.49
  • Total Tax Year: 2011
  • Year Built: 1950
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Partially Finished
  • Estimated Sq Ft: 1800

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Porch
  • Frontage: 115
  • Roads: Paved Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0-515-0154-00
  • Lot Dimensions: 115x98x115x98
  • Acreage: 0.13
  • Zoning: Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Amount: $1,038.87
  • Winter Tax: Amount: $306.62
  • Taxable Value: 24100
  • Total Tax: Year: 2011, Amount: $1,345.49
  • SEV Year: 2011

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2011
Closed on
Feb 15, 2012
Sold by
Advanced Property Solutions Llc
Bought by
Sargent Nicholas and Sargent Tammy L
Seller's Agent
David Corder
Howard Hanna Real Estate Services-Tecumseh
Buyer's Agent
Paula Mamayek
Howard Hanna Real Estate Services-Tecumseh
List Price
$44,900
Sold Price
$40,000
Premium/Discount to List
-$4,900
-10.91%
Current Estimated Value
$128,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,038
Avg. Annual Appreciation
8.90%
Original Mortgage
$30,000
Outstanding Balance
$22,929
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$105,109
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 Buyer Sale Price Title Company
Sargent Nicholas $40,000 American Title Company Of Le
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sargent Nicholas $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2012 02/15/12 Sold $40,000 -10.9% $22 / Sq Ft
01/16/2012 01/16/12 Pending -- -- --
11/11/2011 11/11/11 For Sale $44,900 -- $25 / Sq Ft
Source: Michigan Multiple Listing Service

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 $2,156 $43,800 $0 $0
2024 $1,471 $41,500 $0 $0
2023 $1,767 $37,700 $0 $0
2022 $1,232 $34,000 $0 $0
2021 $1,211 $29,400 $0 $0
2020 $1,203 $27,800 $0 $0
2019 $54,868 $24,900 $0 $0
2018 $1,160 $29,764 $0 $0
2017 $1,127 $20,065 $0 $0
2016 $1,118 $18,835 $0 $0
2014 -- $19,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20022003

Michigan Multiple Listing Service

APN: XA0-515-0154-00