NOT LISTED FOR SALE

552 S Main St Marine City, MI 48039

Estimated Value: $152,000 - $203,179

5 Beds
3.5 Baths
1,600 Sq Ft
$109/Sq Ft Est. Value

Last Sold April 02, 2024

Last sale price $130,000 $81 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,145/month

13 Days on Market

Highlights

  • 2 Car Detached Garage
  • Hot Water Heating System
  • 3-minute walk to Main St playground
  • Marine City High School Rated 9+

About This Home

As of April 2024

Marine City Investors - 3 unit home with basement access under front south unit. Adorable back unit is rented. It has 1 bedroom, Bath with shower, Kitchen with stove and fridge. 2 front units need some work. North unit has 2 car garage. South side back unit has carport area. small lot means little yard work. Property being monitored - all buyers must be accompanied by a licensed real estate agent. NO EXCEPTIONS. Utilities are separate, some are combined and split by tenants, Will find that out and disclose. Seller never lived in the property and has done a some work since he bought. Just didn't get finished. all units were rented. One tenant moved. One is moving soon Unit C in rear pays 550.00 Plus own utilities

Last Agent to Sell the Property

Wynne Achatz

Real Estate One Westrick-Marine City License #MISPE-6502118195 Listed on: 02/20/2024

Real Estate One Westrick-Marine City

Last Buyer's Agent

Tony Olvera

RE/MAX First License #MISPE-6501259528

RE/MAX First

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 58x137x58x138

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 1.5-Story Property
  • Basement
  • Michigan Basement

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Hot Water Heating System
  • Separate Meters

Community Details

  • 3 Units
  • The Village Of Marine Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74024750122000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,968

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 1 1/2 Story
  • Total Tax Amount: 1967.77
  • Year Built: 1900
  • Mail City: Marine City
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Total Bathrooms: 4
  • Source of Sq Ft: Public Records
  • Estimated Sq Ft: 1600
  • Half Bathrooms: 1

Exterior Features

  • Frontage: 58
  • Foundation Type: Basement
  • Roads: Paved Street

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Hot Water
  • Separate Electric: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 74024750122000
  • Lot Dimensions: 58x137x58x138
  • Acreage: 0.13
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2023, Amount: $1,833.86
  • Winter Tax: Year: 2023, Amount: $133.91
  • Total Tax: Amount: $1,967.77

Multi Family

  • Total Units: 3

MLS Schools

  • School District: East China School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2024
Closed on
Apr 15, 2024
Sold by
Tecc Llc
Bought by
Sadlowski Jarek
Seller's Agent
Wynne Achatz
Real Estate One Westrick-Marine City
Buyer's Agent
Tony Olvera
RE/MAX First
List Price
$139,000
Sold Price
$130,000
Premium/Discount to List
-$9,000
-6.47%
Views
71
Current Estimated Value
$175,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,045
Avg. Annual Appreciation
22.77%
Original Mortgage
$97,500
Outstanding Balance
$96,148
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$78,897

Purchase Details

Listed on
Feb 20, 2024
Closed on
Apr 2, 2024
Sold by
Sadlowski Jarek
Bought by
Ndoja Gjovalin
Seller's Agent
Wynne Achatz
Real Estate One Westrick-Marine City
Buyer's Agent
Tony Olvera
RE/MAX First
List Price
$139,000
Sold Price
$130,000
Premium/Discount to List
-$9,000
-6.47%
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Outstanding Balance
$96,148
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$78,897

Purchase Details

Closed on
Apr 10, 2008
Sold by
Devos Frank Richard and Devos Stacey
Bought by
The Federal National Mortgage Associatio
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
Sadlowski Jarek $29,900 Transnation Title
Ndoja Gjovalin $130,000 Transnation Title
Ndoja Gjovalin $130,000 Transnation Title
The Federal National Mortgage Associatio $119,808 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ndoja Gjovalin $97,500
Closed Ndoja Gjovalin $97,500
Previous Owner Devos Frank Richard $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $130,000 -6.5% $81 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/21/2024 02/21/24 For Sale $139,000 0.0% $87 / Sq Ft
02/20/2024 02/20/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $139,000 +364.9% $87 / Sq Ft
06/23/2017 06/23/17 Sold $29,900 0.0% $19 / Sq Ft
05/30/2017 05/30/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $29,900 -- $19 / 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 $2,554 $67,600 $0 $0
2024 $2,554 $60,500 $0 $0
2023 $3,425 $59,600 $0 $0
2022 $3,041 $52,300 $0 $0
2021 $3,303 $46,400 $0 $0
2020 $2,371 $43,600 $43,600 $0
2019 $2,235 $30,700 $0 $0
2018 $2,341 $27,800 $0 $0
2017 $1,991 $25,800 $0 $0
2016 $1,916 $25,800 $0 $0
2015 -- $25,800 $25,800 $0
2014 -- $23,900 $23,900 $0
2013 -- $20,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50133870

Michigan Multiple Listing Service

APN: 02-475-0122-000