NOT LISTED FOR SALE

531 N Mckenzie St Adrian, MI 49221

Estimated Value: $369,066

7 Beds
7 Baths
3,248 Sq Ft
$114/Sq Ft Est. Value

Last Sold October 14, 2020

Last sale price $252,500 $78 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,589/month

Highlights

  • Colonial Architecture
  • Ceiling Fan
  • Hot Water Heating System
  • 3 Car Detached Garage

About This Home

As of October 2020

7 Units all Brick Apartment Building. All have garages or carports. Renters only pay electric. Gas and water paid by the landlord. Great investment property. Seller would like 531 N Mckenzie and 537 N Mckenzie to have the same buyer..

Last Agent to Sell the Property

Shirley Smith

Howard Hanna Real Estate Services-Adrian License #LCAR-6501316892 Listed on: 07/30/2020

Howard Hanna Real Estate Services-Adrian

Last Buyer's Agent

Kasey White

Foundation Realty, LLC License #LCAR-6506046326

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1953

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 100 x 160

Parking

  • 3 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Oven or Range
  • Laundry on lower level

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Boiler Heating System
  • Separate Meters

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number XA0 625 0005 00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,396

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Total Tax Amount: 5396.15
  • Total Tax Year: 2020
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 7
  • Bathroom Description: Basement Bath
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Sub Room Description: Lower Level Laundry
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 3248

Exterior Features

  • Construction: Brick
  • Exterior Features: Sidewalks, Street Lights
  • Frontage: 100
  • Foundation Type: Basement
  • Roads: City/County

Garage/Parking

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

Utilities

  • Water: Public Water
  • Cooling System: Ceiling Fan(s), Window Unit(s)
  • Fuel Type: Natural Gas
  • Heating System: Boiler, Hot Water
  • Separate Electric: Yes
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Street Lights

Lot Info

  • Assessor Parcel Number: XA0 625 0005 00
  • Lot Dimensions: 100 x 160
  • Acreage: 0.37
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $3,776.92
  • Winter Tax: Year: 2020, Amount: $1,619.23
  • Taxable Value: 84100
  • Total Tax: Year: 2020, Amount: $5,396.15
  • SEV Year: 2020

Multi Family

  • Total Units: 7

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2020
Closed on
Oct 14, 2020
Sold by
Modern Medical Llc
Bought by
Synchrony Holdings Llc
Seller's Agent
Shirley Smith
Howard Hanna Real Estate Services-Adrian
Buyer's Agent
Kasey White
Foundation Realty, LLC
List Price
$239,900
Sold Price
$252,500
Premium/Discount to List
$12,600
5.25%
Current Estimated Value
$369,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,566
Avg. Annual Appreciation
7.94%
Original Mortgage
$176,750
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2016
Closed on
Jul 22, 2016
Sold by
Foor Edward L
Bought by
Modern Medical Leasing Llc
Seller's Agent
Joseph Wagley
The Wagley Group
Buyer's Agent
Joseph Wagley
The Wagley Group
List Price
$250,000
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.24%

Purchase Details

Closed on
Aug 31, 2006
Sold by
Mcdermott Shannon K
Bought by
Foor Edward L and Foor Kristine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 24, 2006
Sold by
Haggard Arlen and Haggard Juanita
Bought by
Mcdermott Shannon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.7%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Synchrony Holdings Llc $252,500 None Available
Modern Medical Leasing Llc $250,000 None Available
Foor Edward L $240,000 None Available
Mcdermott Shannon K $215,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Synchrony Holdings Llc $176,750
Previous Owner Mcdermott Shannon K $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2020 10/14/20 Sold $252,500 +5.3% $78 / Sq Ft
07/30/2020 07/30/20 For Sale $239,900 -4.0% $74 / Sq Ft
07/22/2016 07/22/16 Sold $250,000 0.0% $77 / Sq Ft
06/10/2016 06/10/16 Pending -- -- --
06/09/2016 06/09/16 For Sale $250,000 -- $77 / 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 $7,587 $114,300 $0 $0
2024 $4,476 $122,800 $0 $0
2023 $5,818 $118,600 $0 $0
2022 $5,593 $103,400 $0 $0
2021 $5,494 $89,300 $0 $0
2020 $5,213 $84,100 $0 $0
2019 $4,249 $94,400 $0 $0
2018 $6,151 $103,417 $0 $0
2017 $5,976 $96,606 $0 $0
2016 $5,476 $92,167 $0 $0
2014 -- $86,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Shirley Smith

    Seller's Agent in 2020

    Shirley Smith

    Howard Hanna Real Estate Services-Adrian

    (517) 605-7050

    29 in this area

    81 Total Sales

    Shirley Smith
    Section Image
  • Kasey White

    Buyer's Agent in 2020

    Kasey White

    Foundation Realty, LLC

    (517) 215-4943

    161 in this area

    306 Total Sales

    Kasey White
    Section Image
  • Joseph Wagley

    Seller's Agent in 2016

    Joseph Wagley

    The Wagley Group

    (517) 403-6767

    92 in this area

    184 Total Sales

    Joseph Wagley
    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50019078

Michigan Multiple Listing Service

APN: XA0-625-0005-00

Michigan Lenawee County Adrian 49221

531 N Mckenzie St, Adrian, MI

This home is located at 531 N Mckenzie St, Adrian, MI 49221 since 30 July 2020 and is currently estimated at $369,066, approximately $113 per square foot. This property was built in 1953. 531 N Mckenzie St is a home located in Lenawee County with nearby schools including Adrian High School, Berean Baptist Academy, and Trenton Hills Learning Center.

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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