$84,000
SOLD NOV 22, 2024

521 Richmond St Alma, MI 48801

4 Beds
2 Baths
1,800 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$47 Per Sq Ft

16 Days on Market

Highlights

  • Covered Patio or Porch
  • Forced Air Heating and Cooling System
  • Wood Siding
  • Detached Garage

About This Home

As of November 2024

Turnkey 2-Story Duplex with Strong Rental History Great investment opportunity! This well-maintained 2-story duplex has a solid rental history with one unit upstairs and another on the first story. The current downstairs tenant pays $700 per month, while the upstairs tenant pays $585. Each tenant handles their own water, sewer, trash, electric, and natural gas utilities, making it an easy property to manage. Landlord is responsible for lawn care and snow removal. There is a 2-car detached garage for landlord storage, or a possible additional income source to be rented for the new owner. The property boasts a cozy covered porch, and benefit from recent upgrades, including new water heaters and electrical panels installed in 2023. The property is being sold subject to tenants’ rights, and the seller is a licensed real estate broker in the State of Michigan. Don’t miss this opportunity to add a dependable income property to your portfolio!

Last Agent to Sell the Property

Micah Kemler

43 NORTH REALTY License #6502426111 Listed on: 10/30/2024

Last Buyer's Agent

Konner Vedrode

43 NORTH REALTY License #6501458042

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 91 x 41
  • The community has rules related to zoning restrictions

Parking

  • Detached Garage

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Stove

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units
  • Gargett Addition Community

Listing and Financial Details

  • Rent includes exterior maintenance

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: 2 Story
  • Estimated Year Built: 1960
  • Construction: Frame
  • Section Number: 34
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1960

Interior Features

  • Appliances Equipment: Refrigerator, Blinds, Natural Gas Water Heater
  • Price Per Sq Ft: 46.67
  • Range: R 3W
  • Total Finished Sf Apx: 1800

Exterior Features

  • Exterior Features: Covered Porch
  • Exterior Finish: Wood
  • Foundation: Full, Block, Unfinished
  • Number Of Acres: 0.09
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Garage/Parking

  • Primary Garage: Two Car, Detached

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Forced Air
  • Fireplace And Stoves: Stove

Association/Amenities

  • Development Name: GARGETT ADDITION

Schools

  • School District: Alma Public Schools

Lot Info

  • Lot Dimensions: 91 x 41
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential, Multi-Family

Rental Info

  • Included In Lease: Exterior Maintenance
  • Rent Spree Y N: No

Tax Info

  • Summer Taxes: 2192.91
  • Taxable Value: 33088
  • Total Taxes: 2279.5
  • Winter Taxes: 86.59
  • Year Summer: 2023
  • Year Winter: 2023

Multi Family

  • Total Number Units: 2

MLS Schools

  • School District: Alma Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2024
Closed on
Nov 22, 2024
Sold by
Ckw Property Management Llc
Bought by
Wood Properties Llc
Seller's Agent
Micah Kemler
43 NORTH REALTY
Buyer's Agent
Konner Vedrode
43 NORTH REALTY
List Price
$84,000
Sold Price
$84,000
Views
27
Current Estimated Value
$93,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,229
Avg. Annual Appreciation
15.13%

Purchase Details

Closed on
Jun 22, 2012
Sold by
Minarik Richard A and Minarik Ann
Bought by
Mccracken Bryan A and Mccracken Kimberly N

Purchase Details

Closed on
Oct 26, 2001

Purchase Details

Closed on
Jun 15, 1999
Bought by
Minarik
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $84,000 --
Warranty Deed $175,000 --
Warranty Deed $41,000 --
Warranty Deed $41,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $84,000 0.0% $47 / Sq Ft
10/30/2024 10/30/24 For Sale $84,000 -- $47 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $2,277 $56,800 $0 $0
2024 $2,277 $47,700 $0 $0
2023 $145 $43,300 $0 $0
2022 $145 $38,300 $0 $0
2021 $145 $37,100 $0 $0
2020 $145 $35,000 $0 $0
2019 -- $31,000 $0 $0
2018 -- $29,000 $0 $0
2017 -- $30,400 $0 $0
2016 -- $29,200 $0 $0
2015 -- $27,300 $0 $0
2014 -- $26,000 $0 $0
2013 -- $27,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1928623

Northern Great Lakes REALTORS® MLS

APN: 51-343-016-00