NOT LISTED FOR SALE

533 S Madison St Adrian, MI 49221

Estimated Value: $180,957 - $219,000

3 Beds
3 Baths
1,430 Sq Ft
$136/Sq Ft Est. Value

Last Sold December 21, 2022

Last sale price $130,000 $91 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,417/month

13 Days on Market

About This Home

As of December 2022

Live in 1 unit and rent out the other! Snuggle up and settle in with this quaint and cozy cape cod just in time for the holidays! This adorable and well-built duplex sports two bedrooms and one bath downstairs, one bedroom and one bath upstairs, AND a full third bath in the partially finished basement - ready to be completed the way YOU want it! Adrian College is a beautiful short walk away, in addition to multiple family dining and nightlife options. With everything from groceries, coffee, home goods and shopping just minutes away (but still far enough that you won’t have to deal with any additional sounds of suburbia), you can kick back when you get home and enjoy the change of seasons across the vast ½ acre backyard! Ample parking means you can have friends and family over without worry, and the upstairs guest gets to enjoy the view from the perfectly-situated balcony. With generous natural light all throughout the 1430sqft, this postcard-picturesque cottage in the heart of Adrian is ready to welcome you home.

Last Agent to Sell the Property

Jeff Rising

Cornerstone Real Estate License #LCAR-6502365182 Listed on: 11/07/2022

Cornerstone Real Estate

Last Buyer's Agent

Shelly Gutierrez

Cornerstone Real Estate License #lcar-6501421200

Cornerstone Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 0.49 Acre Lot
  • Lot Dimensions are 50x424

Interior Spaces

  • 2-Story Property
  • Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XA0-405-7053-00

Property Details

Home Type

Multi-Family

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
  • Total Tax Amount: 3737.93
  • Year Built: 1953
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 3
  • Bathroom Description: Basement Bath, First Flr Bath Lav/Half, Second Flr Bath Lav/Half
  • Full Bathrooms: 3
  • Total Bathrooms: 3

Exterior Features

  • Frontage: 50
  • Foundation Type: Basement

Utilities

  • Water: Public Water
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0-405-7053-00
  • Lot Dimensions: 50x424
  • Acreage: 0.49
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2022, Amount: $2,982.29
  • Winter Tax: Year: 2021, Amount: $755.64
  • Total Tax: Amount: $3,737.93

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
Jun 1, 2021
Sold by
Potter Eric and Potter Jennifer
Bought by
Maisano Ashleigh and Dreves Charles
Seller's Agent
Scott Vanetten
The VanEtten Company
Buyer's Agent
Scott Vanetten
The VanEtten Company
List Price
$144,900
Sold Price
$130,000
Premium/Discount to List
-$14,900
-10.28%
Current Estimated Value
$194,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,489
Avg. Annual Appreciation
9.11%
Original Mortgage
$97,500
Outstanding Balance
$88,274
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$106,215
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Maisano Ashleigh $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maisano Ashleigh $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/21/2022 12/21/22 Sold $130,000 -12.8% $91 / Sq Ft
11/20/2022 11/20/22 Pending -- -- --
11/07/2022 11/07/22 For Sale $149,000 +14.6% $104 / Sq Ft
06/01/2021 06/01/21 Sold $130,000 -10.3% $91 / Sq Ft View Prior Sale
02/24/2020 02/24/20 For Sale $144,900 -- $101 / 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 $4,796 $82,300 $0 $0
2024 $36 $77,500 $0 $0
2023 $4,541 $71,900 $0 $0
2022 $3,738 $67,300 $0 $0
2021 $2,758 $62,200 $0 $0
2020 $2,740 $57,800 $0 $0
2019 $124,980 $55,200 $0 $0
2018 $2,642 $64,382 $0 $0
2017 $2,567 $52,548 $0 $0
2016 $2,546 $48,273 $0 $0
2014 -- $42,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jeff Rising

    Cornerstone Real Estate

    Section Image

  • S

    Buyer's Agent in 2022

    Shelly Gutierrez

    Cornerstone Real Estate

    Section Image

  • S

    Seller's Agent in 2021

    Scott Vanetten

    The VanEtten Company

    Section Image
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Map

Source: Michigan Multiple Listing Service

MLS Number: 50095339

Michigan Multiple Listing Service

APN: XA0-405-7053-00

Michigan Lenawee County Adrian 49221

533 S Madison St, Adrian, MI

Not Listed for Sale

MultiFamily

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