J
Seller's Agent in 2021
Jeremy Rayburn
Rayburn Real Estate LLC
Estimated Value: $446,610
20
Beds
10
Baths
8,000
Sq Ft
$56/Sq Ft
Est. Value
About This Home
As of March 2021This property has a 10 unit fully occupied apartment complex on with a 1.5 story rental home all of which is leased out currently. Also has a 2 unit retail unit for lease, one unit could be used as an apartment if wanted. Great rental history always easy to lease out. Rents could be raised.
Last Agent to Sell the Property
Jeremy Rayburn
Rayburn Real Estate LLC License #FAAR-123470 Listed on: 12/09/2020
Last Buyer's Agent
Non Member
Non-Member License #FAAR-126710
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1920
Lot Details
- 1.23
Home Design
- Slab Foundation
Bedrooms and Bathrooms
- 20 Bedrooms
- 10 Full Bathrooms
Additional Features
- 1.5-Story Property
- 1.23 Acre Lot
- Separate Meters
Community Details
- 10 Units
- West Acres Subdivision
Listing and Financial Details
- Assessor Parcel Number 07-17-576-040
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 3, 2025
Sold by
Den Properties 5204 Llc
Bought by
Corunna Enterprise Group Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$365,575
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$80,863
Purchase Details
Listed on
Dec 9, 2020
Closed on
Feb 26, 2021
Sold by
Morton Jeri L and Morton Horace W
Bought by
The Den Properties 5204 Llc
Seller's Agent
Jeremy Rayburn
Rayburn Real Estate LLC
Buyer's Agent
Non Member
Non-Member
List Price
$399,000
Sold Price
$350,000
Premium/Discount to List
-$49,000
-12.28%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$262,000
Interest Rate
2.73%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jan 7, 1997
Sold by
Walter Gordon E and Walter Lillian L
Bought by
Morton Horace W and Morton Jeri L
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Corunna Enterprise Group Llc | $275,000 | None Listed On Document | |
| The Den Properties 5204 Llc | $350,000 | Cislo Title Company | |
| Morton Horace W | $145,000 | Cislo Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Corunna Enterprise Group Llc | $375,000 | |
| Previous Owner | The Den Properties 5204 Llc | $262,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/29/2021 03/29/21 | Sold | $350,000 | 0.0% | $44 / Sq Ft |
| 01/11/2021 01/11/21 | Pending | -- | -- | -- |
| 01/11/2021 01/11/21 | Off Market | $350,000 | -- | -- |
| 12/09/2020 12/09/20 | For Sale | $399,000 | -- | $50 / Sq Ft |
Source: Michigan Multiple Listing Service
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $10,886 | $268,200 | $0 | $0 |
| 2023 | $10,537 | $261,600 | $0 | $0 |
| 2022 | $9,516 | $264,000 | $0 | $0 |
| 2021 | $4,663 | $255,100 | $0 | $0 |
| 2020 | $8,821 | $257,300 | $0 | $0 |
| 2019 | $8,729 | $252,100 | $0 | $0 |
| 2018 | $11,281 | $206,900 | $0 | $0 |
| 2017 | $9,913 | $206,900 | $0 | $0 |
| 2016 | $12,745 | $186,500 | $0 | $0 |
| 2015 | $9,731 | $178,400 | $0 | $0 |
| 2014 | $6,961 | $166,300 | $0 | $0 |
| 2012 | -- | $167,800 | $129,000 | $38,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2021
Non Member
Non-Member
Map
Source: Michigan Multiple Listing Service
MLS Number: 50030416
APN: 07-17-576-040
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