NOT LISTED FOR SALE

Estimated Value: $277,000 - $577,540

9 Beds
5 Baths
4,400 Sq Ft
$84/Sq Ft Est. Value

Last Sold December 12, 2019

Last sale price $375,000 $85 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,364/month

377 Days on Market

Highlights

  • 2.77 Acre Lot
  • Covered Patio or Porch
  • Baseboard Heating
  • Ranch Style House
  • Whole House Fan
  • 2-minute walk to Hazel Butler Park

About This Home

As of December 2019

Turn-key income property! Impressive 9 unit apartment complex now available to a new investor after 20 years of single-party ownership. Well-maintained & updated units are split among 3 free-standing, single-story buildings housing 9 units, including eight 2BR/1BA apartments & one 1BR/1BA, for a total of 6,256 sq/ft finished living space. Each unit includes kitchen appliances; washer/dryer hook-ups; electric baseboard or gas wall furnace heat; & option for satellite TV or DSL internet. 50x20 storage outbuilding w/10 storage units; on-site play set; covered patio/porch area for each unit; & assigned parking spaces. Great location right in the village of South Boardman within walking distance to post office & small park just across the street. 3 miles to Forest Area schools, 8 miles to Kalkaska & 22 miles to downtown Traverse City.

Last Agent to Sell the Property

Mark Hagan

Coldwell Banker Schmidt Traver License #6506006708 Listed on: 11/30/2018

Coldwell Banker Schmidt Traver

Last Buyer's Agent

Michelle Maidens

REO-Cadillac-233028 License #6506045786

REO-Cadillac-233028

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,815

Year Built

  • Built in 1978

Lot Details

  • 2.77 Acre Lot
  • Lot Dimensions are 475x300x162x46x309x264
  • The community has rules related to zoning restrictions

Parking

  • Assigned Parking

Home Design

  • Ranch Style House
  • Block Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Metal Roof

Interior Spaces

  • 4,400 Sq Ft Home
  • Whole House Fan
  • Ceiling Fan
  • Basement Storage
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Location

  • Mineral Rights

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Well
  • Natural Gas Water Heater
  • Mound Septic
  • High Speed Internet
  • Satellite Dish

Community Details

  • 9 Units
  • Village Of South Boardman Community

Listing and Financial Details

  • Rent includes liability insurance, exterior maintenance, trash removal, snow removal, water, sewer, fire insurance

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,815

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Apartment Complex
  • Style: Apartment, Ranch, 1 Story
  • Estimated Year Built: 1978
  • Construction: Frame
  • Section Number: 21
  • Univs Design Barrier Free: No Steps Entry
  • Year Updated: 2017
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1978

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Exhaust Fan, Ceiling Fan, Whole House Fan/Attic Fan, Natural Gas Water Heater, Smoke Alarms
  • Interior Amenities: Laundry Hook-Up, Storage Space, Pantry, Drywall
  • Price Per Sq Ft: 85.23
  • Range: R 8W
  • Total Finished Sf Apx: 4400

Exterior Features

  • Exterior Features: Patio, Porch, Covered Porch, Gutters
  • Exterior Finish: Press Board Siding
  • Foundation: Block, Slab
  • Number Of Acres: 2.77
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt, Metal, Metal/Steel

Garage/Parking

  • Primary Garage: Assigned Parking Spaces

Utilities

  • Sewer: Mound System, Pump Back, Private Septic
  • Tv Service Internet Avail: Dsl, Dish Tv
  • Water: Private Well
  • Heating Cooling Type: Baseboard, Wall

Association/Amenities

  • Development Name: Village of South Boardman

Schools

  • School District: Forest Area Community Schools

Lot Info

  • Lot Dimensions: 475x300x162x46x309x264
  • Mineral Rights: Yes
  • Zoning Use Restrictions: Agricultural, Rental History

Rental Info

  • Included In Lease: Liability Insurance, Exterior Maintenance, Trash Removal, Snow Removal, Water, Sewer, Fire Insurance

Multi Family

  • Total Number Units: 9

MLS Schools

  • School District: Forest Area Community Schools

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

Property History

Date Event Price Change Sq Ft Price
12/12/2019 12/12/19 Sold $375,000 -6.3% $85 / Sq Ft
12/12/2019 12/12/19 Pending -- -- --
11/29/2019 11/29/19 Pending -- -- --
11/11/2019 11/11/19 For Sale $400,000 0.0% $91 / Sq Ft
10/09/2019 10/09/19 Price Changed $400,000 -15.8% $91 / Sq Ft
11/30/2018 11/30/18 For Sale $475,000 -- $108 / 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 $4,815 $122,700 $0 $0
2024 $1,262 $120,000 $0 $0
2023 $1,204 $112,700 $0 $0
2022 $4,372 $102,300 $0 $0
2021 $4,166 $96,700 $0 $0
2020 $4,465 $102,900 $0 $0
2019 $2,857 $83,900 $0 $0
2018 $2,762 $69,300 $0 $0
2016 $2,754 $70,600 $0 $0
2015 -- $70,400 $0 $0
2014 -- $60,500 $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: 1855414

Northern Great Lakes REALTORS® MLS

APN: 003-021-015-10