NOT LISTED FOR SALE

518 Ormsby St Adrian, MI 49221

Estimated Value: $145,737 - $147,000

4 Beds
2 Baths
1,776 Sq Ft
$83/Sq Ft Est. Value

Last Sold March 25, 2021

Last sale price $87,000 $49 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $1,100/month

About This Home

As of March 2021

Comp Purposes

Last Agent to Sell the Property

Marcia Randall

Foundation Realty, LLC License #LCAR-6502365496 Listed on: 03/25/2021

Last Buyer's Agent

Mark Baker

Foundation Realty, LLC License #LCAR-6502138749

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 66x216

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XA0-002-5007-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,584

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1583.53
  • Total Tax Year: 2020
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Full, MI Basement, Outside Entrance
  • Bedrooms: 4
  • Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Estimated Sq Ft: 1776

Exterior Features

  • Construction: Wood
  • Frontage: 66
  • Sideof Street: E
  • Foundation Type: Basement
  • Roads: City/County

Utilities

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

Lot Info

  • Assessor Parcel Number: XA0-002-5007-00
  • Lot Dimensions: 66x216
  • Acreage: 0.18
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $1,147.42
  • Winter Tax: Year: 2020, Amount: $436.11
  • Taxable Value: 25907
  • Total Tax: Year: 2020, Amount: $1,583.53
  • SEV Year: 2020

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
Mar 25, 2021
Closed on
Mar 25, 2021
Sold by
Freaky Investments Llc
Bought by
Redav Llc
Seller's Agent
Marcia Randall
Foundation Realty, LLC
Buyer's Agent
Mark Baker
Foundation Realty, LLC
List Price
$87,000
Sold Price
$87,000
Current Estimated Value
$146,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,579
Avg. Annual Appreciation
12.04%
Original Mortgage
$389,600
Outstanding Balance
$320,486
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$173,907

Purchase Details

Listed on
Mar 25, 2021
Closed on
Mar 23, 2021
Sold by
Randall Clifford D and Randall Marda Marcla
Bought by
Freaky Investments Llc
Seller's Agent
Marcia Randall
Foundation Realty, LLC
Buyer's Agent
Mark Baker
Foundation Realty, LLC
List Price
$87,000
Sold Price
$87,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$389,600
Outstanding Balance
$320,486
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$173,907

Purchase Details

Closed on
Mar 16, 2007
Sold by
Freaky Investments Llc
Bought by
Randall Clifford D and Randall Marcia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2006
Sold by
Ghastin Michael
Bought by
Miller Timothy A and Miller Jody A
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
Redav Llc $87,000 None Available
Freaky Investments Llc -- None Available
Randall Clifford D -- None Available
Freaky Investments Llc $54,153 None Available
Miller Timothy A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freaky Investments Llc $389,600
Previous Owner Freaky Investments Llc $71,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/25/2021 03/25/21 Sold $87,000 0.0% $49 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/25/2021 03/25/21 For Sale $87,000 -- $49 / 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 $3,898 $56,100 $0 $0
2024 $2,498 $51,200 $0 $0
2023 $3,127 $46,000 $0 $0
2022 $3,156 $41,500 $0 $0
2021 $1,594 $37,800 $0 $0
2020 $1,584 $34,400 $0 $0
2019 $72,242 $30,400 $0 $0
2018 $1,527 $35,396 $0 $0
2017 $1,484 $28,177 $0 $0
2016 $1,472 $26,173 $0 $0
2014 -- $26,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marcia Randall

    Seller's Agent in 2021

    Marcia Randall

    Foundation Realty, LLC

    (517) 206-5237

    46 in this area

    114 Total Sales

    Marcia Randall
    Section Image
  • Mark Baker

    Buyer's Agent in 2021

    Mark Baker

    Foundation Realty, LLC

    (517) 206-2121

    97 in this area

    286 Total Sales

    Mark Baker
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50037189

Michigan Multiple Listing Service

APN: XA0-002-5007-00

Michigan Lenawee County Adrian 49221

518 Ormsby St, Adrian, MI

This home is located at 518 Ormsby St, Adrian, MI 49221 since 25 March 2021 and is currently estimated at $146,579, approximately $82 per square foot. This property was built in 1900. 518 Ormsby St is a home located in Lenawee County with nearby schools including Adrian High School, St. Joseph Academy, and St. Joseph's Academy.

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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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