NOT LISTED FOR SALE

524 S Main St Adrian, MI 49221

Estimated Value: $108,000 - $163,000

4 Beds
3 Baths
1,822 Sq Ft
$78/Sq Ft Est. Value

Last Sold November 20, 2019

Last sale price $71,000 $39 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,066/month

Highlights

  • Cape Cod Architecture
  • 1 Car Detached Garage
  • Forced Air Heating System
  • Fenced Yard
  • Porch
  • 3-minute walk to Fee Park

About This Home

As of November 2019

Fantastic income property in Adrian! The upper unit has been completely redone with a brand new kitchen, bathroom and furnace. Downstairs both units have many updates that will appeal to renters. You can rent out all three or live in one unit and have the other units pay your mortgage!

Last Agent to Sell the Property

Danielle Stepp

Foundation Realty, LLC-Tecumseh License #LCAR-6506048480 Listed on: 08/05/2019

Last Buyer's Agent

Robert Fox

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6502134917

Howard Hanna Real Estate Services-Tecumseh

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1960

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 82x89
  • Fenced Yard

Parking

  • 1 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Victorian Architecture

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Brick Basement

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater
  • Community Sewer or Septic
  • High Speed Internet
  • Internet Available
  • Satellite Dish

Community Details

  • 3 Units
  • Assrs 9 Adrian City Subdivision

Listing and Financial Details

  • Assessor Parcel Number XA0-245-6004-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,696

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 1 1/2 Story
  • Styles: Cape Cod, Victorian
  • Total Tax Amount: 1695.82
  • Total Tax Year: 2018
  • Year Built: 1960
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable/Internet Avail., Dsl Available
  • Appliances: Range/Oven, Refrigerator
  • Fireplace: Yes
  • Fireplace Features: Livroom Fireplace
  • Basement: Yes
  • Basement Type: Full, Brick
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Dining Kitchen: Eat-In Kitchen
  • Sub Room Description: Living Room
  • Source of Sq Ft: Estimated
  • Estimated Sq Ft: 1822

Exterior Features

  • Exterior Features: Fenced Yard, Porch, Satellite Dish, Sidewalks
  • Frontage: 82
  • Foundation Type: Basement
  • Roads: City/County, Paved Street

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 1
  • Parking: 3 Or More Spaces

Utilities

  • Water: Community
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Community

Lot Info

  • Assessor Parcel Number: XA0-245-6004-00
  • Lot Dimensions: 82x89
  • Acreage: 0.17
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Trash Removal, Water/Sewer, Gas
  • Lease Information: Less Than 1 Year, Heat Included, Lease Required, Water Included

Tax Info

  • Summer Tax: Year: 2019, Amount: $1,200.27
  • Winter Tax: Year: 2018, Amount: $495.55
  • Taxable Value: 26667
  • Total Tax: Year: 2018, Amount: $1,695.82
  • SEV Year: 2020

Multi Family

  • Total Units: 3

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2021
Sold by
Kampen William V
Bought by
Yo Adrian Llc
Current Estimated Value
$142,000

Purchase Details

Listed on
Aug 5, 2019
Closed on
Nov 20, 2019
Sold by
Claudette J Seift Lt
Bought by
Vankampen William
Seller's Agent
Danielle Stepp
Foundation Realty, LLC-Tecumseh
Buyer's Agent
Robert Fox
Howard Hanna Real Estate Services-Tecumseh
List Price
$84,900
Sold Price
$71,000
Premium/Discount to List
-$13,900
-16.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.44%
Original Mortgage
$53,250
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2007
Sold by
Swift Claudette J
Bought by
Swift Claudette J and Claudette J Swift Living Trust
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
Yo Adrian Llc -- None Available
Vankampen William $71,000 --
Swift Claudette J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vankampen William $53,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2019 11/20/19 Sold $71,000 -11.1% $39 / Sq Ft
09/24/2019 09/24/19 Price Changed $79,900 -5.9% $44 / Sq Ft
08/05/2019 08/05/19 For Sale $84,900 -- $47 / 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 $3,760 $51,300 $0 $0
2024 $2,517 $45,100 $0 $0
2023 $3,053 $41,400 $0 $0
2022 $4,349 $38,700 $0 $0
2021 $2,196 $35,700 $0 $0
2020 $2,231 $36,000 $0 $0
2019 $0 $28,000 $0 $0
2018 $1,791 $36,819 $0 $0
2017 $1,740 $29,529 $0 $0
2016 $1,726 $30,080 $0 $0
2014 -- $28,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Danielle Stepp

    Seller's Agent in 2019

    Danielle Stepp

    Foundation Realty, LLC-Tecumseh

    (517) 392-3828

    38 in this area

    255 Total Sales

    Danielle Stepp
    Section Image
  • Robert Fox

    Buyer's Agent in 2019

    Robert Fox

    Howard Hanna Real Estate Services-Tecumseh

    (517) 605-5206

    20 in this area

    201 Total Sales

    Robert Fox
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 31390121

Michigan Multiple Listing Service

APN: XA0-245-6004-00

Michigan Lenawee County Adrian 49221

524 S Main St, Adrian, MI

This home is located at 524 S Main St, Adrian, MI 49221 since 05 August 2019 and is currently estimated at $142,000, approximately $77 per square foot. This property was built in 1960. 524 S Main St is a home located in Lenawee County with nearby schools including Adrian High School, Berean Baptist Academy, and St. Stephen Lutheran 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.

Michigan Multiple Listing Service Source MLS: MiRealSource
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