NOT LISTED FOR SALE

5200 N Genesee Rd Flint, MI 48506

Estimated Value: $100,617 - $132,000

14 Beds
7 Baths
8,000 Sq Ft
$15/Sq Ft Est. Value

Sale Details

Date Sold: September 30, 2020

Last sale price $450,000 $56 Per Sq Ft

Current estimated payment $672 / mo

250 Days on Market

Highlights

  • 5.21 Acre Lot
  • Patio
  • High Speed Internet
  • Deck
  • Forced Air Heating and Cooling System
  • Fenced

About This Home

As of September 2020

This 7 unit condo development is completely leased. Approved for 5 more buildings. Future building are ready for construction the utilities are in place. Driveway and parking lot are installed. Each unit is 925 sq. ft., including 2 bedroom, full bath Utility room (plumbed for washer and dryer), kitchen (with appliances) breakfast nook and living room. Master suite includes walk-in closet, plus a walk-in pantry off of kitchen Condo fee's are $100.00 per month per unit, $5,100.00 cash reserve available to new owners. Annual insurance is $5,644.00, Property taxes are $11,171.52, Management fee is $800.00 annually and Maintenance for the grounds is budgeted for $4,500.00 annually.

Last Agent to Sell the Property

Craig Hutchins

Liberty Way Realty MI LLC License #6501292569 Listed on: 12/26/2019

Last Buyer's Agent

Joshua Lewandowski

Keller Williams First License #6501354932

Keller Williams First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 2005

Lot Details

  • 5.21 Acre Lot
  • Lot Dimensions are 81x986x568x988
  • Fenced

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Composition Roof
  • Vinyl Construction Material

Interior Spaces

  • 7 Full Bathrooms
  • 8,000 Sq Ft Home
  • 2-Story Property
  • Carbon Monoxide Detectors

Parking

  • 20 Parking Spaces
  • Paved Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 7 Units
  • Summerfield Condo Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1123651200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,171

Year Built

Built in 2005

Lot Details

5.21 Acres

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Year Built: 2005
  • State Equalized Value: 298700.0000
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Carbon Monoxide Alarm(s), High Spd Internet Avail
  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Total Sq Ft: 8000

Exterior Features

  • Roof Material: Composition
  • Foundation Details: Slab
  • Construction Materials: Brick Veneer (Brick Siding), Vinyl
  • Exterior Features: Fenced
  • Foundation Materials: Poured
  • Porch Type: Deck, Patio
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved
  • Total Parking Spaces: 20

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Central Air, Separate Meter
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 95950.0960
  • Lot Size Area: 5.21
  • Lot Dimensions: 81X986X568X988
  • Parcel Number: 1123651200
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Association Fee, Snow Removal, Yard Maintenance
  • Monthly Rental Income: 4850

Tax Info

  • Tax Amount Summer: 2374.0000
  • Tax Amount Winter: 8797.0000
  • Total Tax: 11171.0000
  • Taxable Value: 206257.0000

Multi Family

  • Gross Scheduled Income: 58200.00
  • Number Of Units Total: 7

MLS Schools

  • School District: Kearsley

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2021
Sold by
Bought by
Current Estimated Value
$117,904
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 Bell Title Agency
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $450,000 -10.0% $56 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
12/26/2019 12/26/19 For Sale $499,900 -- $62 / Sq Ft
Source: Realcomp

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $470 $44,600 $0 $0
2024 $458 $44,600 $0 $0
2023 $437 $41,600 $0 $0
2022 $1,871 $37,100 $0 $0
2021 $1,859 $35,000 $0 $0
2020 $290 $45,100 $0 $0
2019 $285 $38,900 $0 $0
2018 $1,286 $36,100 $0 $0
2017 $1,237 $35,600 $0 $0
2016 $1,226 $32,400 $0 $0
2015 $1,206 $29,000 $0 $0
2014 $263 $26,900 $0 $0
2012 -- $22,500 $22,500 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Craig Hutchins

    Liberty Way Realty MI LLC

    Section Image
  • Joshua Lewandowski

    Buyer's Agent in 2020

    Joshua Lewandowski

    Keller Williams First

    (810) 691-3970

    41 Total Sales

    Joshua Lewandowski
    Section Image
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Map

Source: Realcomp

MLS Number: 219124529

Realcomp

APN: 11-23-651-008

Michigan Genesee County Flint 48506

5200 N Genesee Rd, Flint, MI

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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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