NOT LISTED FOR SALE

521 State St Algonac, MI 48001

Estimated Value: $443,434

16 Beds
12 Baths
7,552 Sq Ft
$59/Sq Ft Est. Value

Last Sold August 29, 2022

Last sale price $400,000 $53 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,095/month

114 Days on Market

About This Home

As of August 2022

Twelve unit Multi-Family building featuring (Eight) One bedrooms units & (Four) Two bedroom units. Eight of the Twelve units have been updated. Newer roof & mechanicals. Algonac is a great location for rentals with a demanding market and low inventory of availability. Current owner has always been proactive on maintenance & repairs. Do not miss this opportunity on a great income producing asset.

Last Agent to Sell the Property

Ron Trombetti

Berkshire Hathaway HomeServices Kee Realty Washin License #6501375891 Listed on: 05/03/2022

Berkshire Hathaway HomeServices Kee Realty Washin

Last Buyer's Agent

Ron Trombetti

Berkshire Hathaway HomeServices Kee Realty Washin License #6501375891 Listed on: 05/03/2022

Berkshire Hathaway HomeServices Kee Realty Washin

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1970 | Remodeled in 2020

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 150.00x120.00

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 12 Full Bathrooms
  • 7,552 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • Paved Parking
  • Unassigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 74011110012000

Community Details

Overview

  • 12 Units
  • Assessors Plat No 1 Algonac Subdivision

Pet Policy

  • Dogs and Cats Allowed
  • Breed Restrictions
  • The building has rules on how big a pet can be within a unit

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,331

Year Built

Built in 1970 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Upper/Lower Apartment
  • Architecture Level: 2 Story
  • Year Built: 1970
  • State Equalized Value: 121200.0000
  • Year Renovated: 2020
  • Pets Allowed: Breed Restrictions, Cats OK, Dogs OK, Size Limit
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 12.00
  • Full Bathrooms: 12
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 7552
  • Total Sq Ft: 7552
  • Sq Ft Total Bsmt: 3500

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Frontage Feet: 150
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved, Unassigned/General

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Wall Unit(s), Window Unit(s)
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)

Schools

  • School District: Algonac

Lot Info

  • Lot Size Area: 0.41
  • Lot Dimensions: 150.00X120.00
  • Parcel Number: 74011110012000
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Water, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 7045

Tax Info

  • Tax Amount Summer: 6000.0000
  • Tax Amount Winter: 331.0000
  • Total Tax: 6331.0000
  • Taxable Value: 113105.0000

Multi Family

  • Gross Scheduled Income: 84000.00
  • Number Of Units Total: 12
  • Unit Count: 12
  • Number of One Bedroom Units: 8
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 10

MLS Schools

  • School District: Algonac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2022
Closed on
Aug 25, 2022
Sold by
Paramount 521 State Llc
Bought by
Kizy Mike and Kizy K
Seller's Agent
Ron Trombetti
Berkshire Hathaway HomeServices Kee Realty Washin
Buyer's Agent
Ron Trombetti
Berkshire Hathaway HomeServices Kee Realty Washin
List Price
$624,900
Sold Price
$400,000
Premium/Discount to List
-$224,900
-35.99%
Views
2
Current Estimated Value
$443,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,434
Avg. Annual Appreciation
3.66%

Purchase Details

Closed on
Feb 25, 2020
Sold by
Lanko Edwin F and Lanko Jacqueline
Bought by
Paramount 521 State Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2017
Sold by
Kralik Trust
Bought by
Varney Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 23, 2017
Sold by
Ronald J Varney Estate
Bought by
Larko Edwin F and Larko Jaqueline

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 15, 2017
Sold by
Lanko Edwin F and Lanko Jacqueline
Bought by
Paramount 521 State Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 2013
Sold by
The Mary E Kralik Revocable Living Trust
Bought by
Varney Ronald

Purchase Details

Closed on
Aug 15, 2013
Sold by
521 State Stree Llc
Bought by
Kralik Mary E

Purchase Details

Closed on
Nov 20, 2007
Sold by
Kralik Mary E
Bought by
521 State Street Llc
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
Kizy Mike $400,000 First Premier Title
Kizy Mike $400,000 First Premier Title
Paramount 521 State Llc $337,000 Fidelity National Title
Paramount 521 State Llc $337,000 Fidelity National Title
Varney Ronald $200,000 --
Varney Ronald $200,000 --
Larko Edwin F $300,000 Ata National Title
Larko Edwin F $300,000 Ata National Title
Paramount 521 State Llc $337,000 Fidelity National Title
Paramount 521 State Llc $337,000 Fidelity National Title
Varney Ronald -- None Available
Kralik Mary E -- None Available
Varney Ronald -- None Available
Kralik Mary E -- None Available
Kralik Mary E -- None Available
Kralik Mary E -- None Available
521 State Street Llc -- None Available
521 State Street Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paramount 521 State Llc $492,000
Previous Owner Paramount 521 State Llc $492,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2022 08/29/22 Sold $400,000 -36.0% $53 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
07/26/2022 07/26/22 For Sale $624,900 +56.2% $83 / Sq Ft
07/10/2022 07/10/22 Pending -- -- --
05/08/2022 05/08/22 Off Market $400,000 -- --
05/08/2022 05/08/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $624,900 0.0% $83 / Sq Ft
01/06/2022 01/06/22 Rented $600 +4.3% --
01/01/2022 01/01/22 Under Contract -- -- --
12/02/2021 12/02/21 Price Changed $575 -4.2% $1 / Sq Ft
11/12/2021 11/12/21 For Rent $600 -7.7% --
08/31/2021 08/31/21 Rented $650 0.0% --
08/21/2021 08/21/21 For Rent $650 -- --
Source: Realcomp

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 $7,751 $211,400 $0 $0
2024 $7,751 $145,300 $0 $0
2023 $7,455 $141,300 $0 $0
2022 $6,555 $135,600 $0 $0
2021 $6,331 $121,200 $0 $0
2020 $6,336 $121,900 $35,200 $86,700
2019 $6,192 $120,300 $0 $0
2018 $6,094 $99,300 $0 $0
2017 $3,728 $90,500 $0 $0
2016 $3,510 $90,500 $0 $0
2015 -- $84,700 $23,500 $61,200
2014 -- $65,300 $23,500 $41,800
2013 -- $71,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ron Trombetti

    Seller's Agent in 2022

    Ron Trombetti

    Berkshire Hathaway HomeServices Kee Realty Washin

    (248) 565-7673

    237 Total Sales

    Ron Trombetti
    Section Image

  • D

    Seller's Agent in 2022

    David Meesseman

    Berkshire Hathaway HomeServices Kee Realty

    Section Image

  • A

    Seller's Agent in 2021

    Ashley Gittler

    Berkshire Hathaway HomeServices Kee Realty NB

    Section Image
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Map

Source: Realcomp

MLS Number: 2220032279

Realcomp

APN: 01-111-0012-000

Michigan St. Clair County Algonac 48001

521 State St, Algonac, MI

This home is located at 521 State St, Algonac, MI 48001 since 03 May 2022 and is currently estimated at $443,434, approximately $58 per square foot. This property was built in 1970. 521 State St is a home located in St. Clair County with nearby schools including Algonac Junior/Senior High School.

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.

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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