NOT LISTED FOR SALE

551 E Michigan Ave Unit 551 1/2 E. Michigan Parma, MI 49269

Estimated Value: $217,000 - $224,851

-- Bed
1 Bath
2,500 Sq Ft
$89/Sq Ft Est. Value

Last Sold May 01, 2012

Last sale price $61,800 $25 Per Sq Ft

Est. 255% increase in value since last sale

Current estimated payment $1,454/month

821 Days on Market

About This Home

As of May 2012

Duplex in the Village of Parma. Tenants pay utilities. Great income producer. Walking distance to school. Pre-Approval from bank for Short Sale price.

Last Agent to Sell the Property

Lynn Sajdak

Home 1st Real Estate License #6502379231 Listed on: 10/21/2009

Last Buyer's Agent

Lynn Sajdak

Home 1st Real Estate License #6502379231 Listed on: 10/21/2009

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 72x82x79x37

Parking

  • Paved Parking

Home Design

  • Slab Foundation
  • Aluminum Siding

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Net Operating Income $14,400

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1977
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 72x82x79x37
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 2509.96
  • Waterfront Options:Water Access YN: No Water Selection
  • General Property Info:Total _pound_ Units: 2
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Slab: Yes
  • Location Property Info:Subdivision2: none
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 60300.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer

Association/Amenities

  • Association Info:Assoc Fee Payable: None

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 72x82x79x37
  • Lot Size Sq Ft: 10018.8
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electric, Water, Trash Collection, Gas

Multi Family

  • Net Operating Income: 14400.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2509.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2019
Sold by
Ken And Terry Properties Llc
Bought by
Cutter Debra A and Cutter Kenneth G
Current Estimated Value
$219,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Outstanding Balance
$95,343
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$126,199

Purchase Details

Closed on
Dec 23, 2013
Sold by
Datte Kenneth W and Datte Theresa
Bought by
Ken & Terry Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
4.38%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Oct 21, 2009
Closed on
May 1, 2012
Sold by
Prater Emily J and Prater Sullivan Emily J
Bought by
Datte Kenneth W and Datte Theresa
Seller's Agent
Lynn Sajdak
Home 1st Real Estate
Buyer's Agent
Lynn Sajdak
Home 1st Real Estate
Sold Price
$61,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.09%
Original Mortgage
$49,440
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 1995
Sold by
Smith Kirk W and Smith Michelle A
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
Cutter Debra A $120,000 Midstate Ttl Agcy Of Souther
Ken & Terry Properties Llc -- Mst
Datte Kenneth W $61,800 None Available
-- $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cutter Debra A $108,000
Previous Owner Ken & Terry Properties Llc $40,000
Previous Owner Datte Kenneth W $49,440
Previous Owner Emily J $107,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2012 05/01/12 Sold $61,800 -- $25 / Sq Ft
01/20/2012 01/20/12 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

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 $2,886 $101,100 $0 $0
2024 $1,983 $91,600 $0 $0
2023 $2,376 $80,200 $0 $0
2022 $2,725 $82,000 $0 $0
2021 $2,672 $65,900 $0 $0
2020 $3,694 $64,500 $0 $0
2019 $1,964 $65,500 $0 $0
2018 $3,256 $62,200 $0 $0
2017 $3,121 $62,000 $0 $0
2016 $328 $61,978 $61,978 $0
2015 $2,680 $60,468 $60,468 $0
2014 $2,680 $56,317 $0 $0
2013 -- $56,317 $56,317 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Sajdak

    Seller's Agent in 2012

    Lynn Sajdak

    Home 1st Real Estate

    (517) 740-8916

    88 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21035386

Southwestern Michigan Association of REALTORS®

APN: 007-07-31-162-003-00

Michigan Jackson County Parma 49269

551 E Michigan Ave Unit 551 1/2 E. Michigan, Parma, MI

This home is located at 551 E Michigan Ave Unit 551 1/2 E. Michigan, Parma, MI 49269 since 21 October 2009 and is currently estimated at $221,463, approximately $88 per square foot. This property was built in 1977. 551 E Michigan Ave Unit 551 1/2 E. Michigan is a home located in Jackson County with nearby schools including Western High 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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