NOT LISTED FOR SALE

5519 Richfield Rd Flint, MI 48506

Estimated Value: $1,260,404

3 Beds
3 Baths
2,184 Sq Ft
$577/Sq Ft Est. Value

Last Sold December 04, 2017

Last sale price $90,000 $41 Per Sq Ft

Est. 1,300% increase in value since last sale

Current estimated payment $7,096/month

24 Days on Market

About This Home

As of December 2017

Great investment opportunity on this 3-Plex located within the Kearsley school district. All 3 units currently occupied. Each unit features 1 bed / 1 full bath / Kitchen and Living area. Potential for a 4th unit on lower level just needs build out. Home has a basement for opportunity to put in coin-op laundry. Plenty of parking for all tenants and large back yard. Positive cash flow on this low maintenance property.

Last Agent to Sell the Property

Ryan Newman

RE/MAX Select License #6501379886 Listed on: 10/06/2017

RE/MAX Select

Last Buyer's Agent

Amanda Hotchkiss

The Brand Real Estate License #6501378754

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.81 Acre Lot
  • Lot Dimensions are 127x293x136x248

Parking

  • Paved Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Asphalt Roof

Interior Spaces

  • 3 Full Bathrooms
  • 2,184 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Dowdall Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1135526002

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Assessment: 156.2
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2184

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Well (Existing)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 141851.8519
  • Lot Size Area: 0.81
  • Lot Dimensions: 127x293x136x248
  • Parcel Number: 1135526002
  • Zoning: Commercial

Rental Info

  • Monthly Rental Income: 1700

Tax Info

  • Tax Amount Summer: 707.0000
  • Tax Amount Winter: 2652.0000
  • Total Tax: 3359.0000

Multi Family

  • Gross Scheduled Income: 20400.00
  • Number Of Units Total: 3

MLS Schools

  • School District: Kearsley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2017
Closed on
Dec 4, 2017
Sold by
Zambon Gail and Carassco Gail
Bought by
Holdingsinc Tlh
Seller's Agent
Ryan Newman
RE/MAX Select
Buyer's Agent
Amanda Hotchkiss
The Brand Real Estate
List Price
$114,900
Sold Price
$90,000
Premium/Discount to List
-$24,900
-21.67%
Current Estimated Value
$1,260,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,170,404
Avg. Annual Appreciation
39.20%

Purchase Details

Closed on
Aug 1, 2008
Sold by
Ogorek Adolf A and Ogorek Barbara
Bought by
Zambon Gail and Carassco Gail
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
Holdingsinc Tlh $756,667 None Available
Zambon Gail $43,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2017 12/04/17 Sold $90,000 -21.7% $41 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
10/06/2017 10/06/17 For Sale $114,900 -- $53 / Sq Ft
Source: Realcomp

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 $5,278 $116,100 $0 $0
2024 $951 $115,900 $0 $0
2023 $907 $112,400 $0 $0
2022 $4,002 $103,600 $0 $0
2021 $3,977 $94,900 $0 $0
2020 $830 $86,900 $0 $0
2019 $816 $73,100 $0 $0
2018 $3,790 $68,700 $0 $0
2017 $3,252 $66,700 $0 $0
2016 $3,359 $65,000 $0 $0
2015 $3,150 $62,600 $0 $0
2014 $687 $59,700 $0 $0
2012 -- $59,600 $24,200 $35,400
Source: Public Records

Agents Affiliated with this Home

  • Ryan Newman

    Seller's Agent in 2017

    Ryan Newman

    RE/MAX Michigan

    (248) 240-3373

    8 in this area

    180 Total Sales

    Ryan Newman
    Section Image
  • Amanda Hotchkiss

    Buyer's Agent in 2017

    Amanda Hotchkiss

    The Brand Real Estate

    (810) 614-9287

    25 Total Sales

    Amanda Hotchkiss
    Section Image
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Map

Source: Realcomp

MLS Number: 217090137

Realcomp

APN: 11-35-526-002

Michigan Genesee County Flint 48506

5519 Richfield Rd, Flint, MI

Not Listed for Sale

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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