$168,000
SOLD SEP 20, 2024

540 E Exchange St Owosso, MI 48867

7 Beds
4 Baths
3,359 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$50 Per Sq Ft

1% Below List Price

36 Days on Market

Highlights

  • Farmhouse Style Home
  • Corner Lot
  • Forced Air Heating System

About This Home

As of September 2024

This 4 unit building has been well maintained and has a monthly income of 2,425. Two apartments have had long term tenants. One tenant has been there since 2003 and the other since 2011. Unit 540 A rents for 600.00, Unit 540 B (upstairs) rents for 600.00, Unit 542 A rents for 625.00 and Unit 542 B (upstairs) rents for 600.00. Owner has replaced the entry door and back door to Unit 540 A, also several windows have been replaced. The basement is divided he entry to 540 is off the kitchen in unit A. For Unit 542 the basement will be locked and the entry is in the foyer when you enter (left side main door). There will be a LB with keys and keys are all marked. Utilities are all separate for all four units. APPOINTMENTS MUST BE MADE 48 HOURS IN ADVANCE. NO APPOINTMENTS BEFORE 1:00 P.M.

Last Agent to Sell the Property

Bonnie Snyder

Northside Realty, LLC License #FAAR Listed on: 06/30/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 74 x 97
  • Corner Lot

Home Design

  • Farmhouse Style Home
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Oven or Range

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units
  • Al & Bo Williams Subdivision

Listing and Financial Details

  • Assessor Parcel Number 050-666-000-043

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Originating MLS: East Central Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Farm House
  • Year Built: 1911
  • Mail City: Owosso
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Full
  • Bedrooms: 7
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 3359

Exterior Features

  • Construction: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights
  • Foundation Type: Basement
  • Roads: Curbed, Paved Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Separate Water: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 050-666-000-043
  • Location: Corner Lot
  • Lot Dimensions: 74 X 97
  • Acreage: 0.17
  • Zoning: Multi-Family

Rental Info

  • Landlord Pays: Lawn Maintenance, Snow Removal, Taxes
  • Lease Information: Long Term, Security Deposit

Tax Info

  • Summer Tax: Year: 2024, Amount: $2,711.00
  • Winter Tax: Year: 2023, Amount: $3,206.00
  • Total Tax: Amount: $5,916.81

Multi Family

  • Total Units: 4

MLS Schools

  • School District: Owosso Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2024
Closed on
Sep 20, 2024
Sold by
Nae Rentals Llc
Bought by
Sutton Robert
Seller's Agent
Bonnie Snyder
Northside Realty, LLC
List Price
$169,900
Sold Price
$168,000
Premium/Discount to List
-$1,900
-1.12%
Views
23
Current Estimated Value
$202,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,868
Avg. Annual Appreciation
14.32%

Purchase Details

Closed on
Jan 1, 2022
Sold by
Renae Stuck
Bought by
Nae Rentals Llc

Purchase Details

Closed on
Jun 11, 2021
Sold by
Mogg Enterprises
Bought by
Stuck Renae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2016
Sold by
Burdette E Alice M
Bought by
Peltier Jeffery
Source: Public Records

Similar Home in Owosso, MI

  • 308 S Shiawassee St, Owosso, MI 48867

    $140,000

    • 6 Beds
    • 3 Baths
    • 3,184 Sq Ft
    • 308 S Shiawassee St
    • Owosso, MI

    Investment opportunity!!!!! Are you searching for the perfect home but struggling to find the right fit? This spacious 3,128 sq. ft. duplex could be the solution! Live in one unit and rent out the other—an excellent way to offset your mortgage while building equity. *Property Highlights: * Unit 1: Expansive layout with large bedrooms, a formal dining room, and a generous

    Lance Omer RE/MAX OF OWOSSO

    Section Image

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $168,000 Ata National Title Group
Quit Claim Deed -- None Listed On Document
Warranty Deed $120,000 Ata National Title Group Llc
Warranty Deed $38,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $90,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2024 09/20/24 Sold $168,000 -1.1% $50 / Sq Ft
08/05/2024 08/05/24 Pending -- -- --
07/25/2024 07/25/24 For Sale $169,900 0.0% $51 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
06/30/2024 06/30/24 For Sale $169,900 -- $51 / 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
2024 $5,765 $109,500 $0 $0
2023 $2,559 $97,900 $0 $0
2022 $5,552 $88,800 $0 $0
2021 $4,132 $83,400 $0 $0
2020 $4,208 $76,600 $0 $0
2019 $4,134 $63,400 $0 $0
2018 -- $62,900 $0 $0
2017 -- $61,500 $0 $0
2016 -- $61,500 $0 $0
2015 -- $61,400 $0 $0
2014 -- $60,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 50147180

Michigan Multiple Listing Service

APN: 050-666-000-043-00