NOT LISTED FOR SALE

Estimated Value: $552,000

Studio
-- Bath
-- Sq Ft
0.44 Acre Lot

Sale Details

Date Sold: July 31, 2017

Last sale price $450,000

Est. 23% increase in value since last sale

Current estimated payment $3,706 / mo

176 Days on Market

About This Home

As of July 2017

Excellent Multi-Family investment opportunity with 8 large two bedroom apartments, fully leased! Units show pride in ownership and have been maintained at a high level. Tenant's pay for all utilities separately. Financial package and rent roll available per a signed CA.

Last Agent to Sell the Property

Dave Keyte

Callander Commercial License #6501258966 Listed on: 02/01/2017

Co-Listed By

Matthew Callander

Callander Commercial License #6501303339

Last Buyer's Agent

David Keyte

Woodlands Realty

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,545

Year Built

  • Built in 1988

Lot Details

  • 19,166 Sq Ft Lot
  • Lot Dimensions are 165' x 114.51'

Parking

  • 16 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Septic System
  • Phone Connected

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Tenant pays for water, trash collection, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,545

Year Built

Built in 1988

Lot Details

0.44 Acres

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1988
  • Location Property Info:Property Sub-Type: 5+ Units
  • OfficeContract Info:List PriceSqFt2: 61.36
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 165' x 114.51'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 8544.7
  • General Property Info:Total _pound_ Units: 8
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Slab: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 485000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 16.0
  • General Property Info:Total Parking Spaces: 16.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line, Natural Gas Connected, Public Water
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.44
  • Lot Size Area: 0.44
  • Lot Size Sq Ft: 19166.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Trash Collection, Gas

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 8544.7
  • Tax Year: 2016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2017
Closed on
Jul 27, 2017
Sold by
Bought by
Seller's Agent
Dave Keyte
Callander Commercial
Buyer's Agent
Dave Keyte
Callander Commercial
List Price
$485,000
Sold Price
$450,000
Premium/Discount to List
-$35,000
-7.22%
Current Estimated Value
$552,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,000
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$450,000 Nations Title Agency
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,215,000
Previous Owner $84,034
Previous Owner $129,500
Previous Owner $130,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/31/2017 07/31/17 Sold $450,000 -7.2% --
07/27/2017 07/27/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $485,000 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $8,138 $186,900 $0 $0
2025 $3,255 $201,200 $0 $0
2024 $3,162 $188,000 $0 $0
2023 $3,017 $172,200 $0 $0
2022 $7,169 $158,000 $0 $0
2021 $6,966 $154,500 $0 $0
2020 $6,835 $141,000 $0 $0
2019 $6,254 $141,800 $0 $0
2018 $6,107 $99,100 $0 $0
2017 $0 $100,900 $0 $0
2016 -- $102,200 $0 $0
2015 -- $102,500 $13,200 $89,300
2014 -- $102,500 $0 $0
Source: Public Records

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Map

Source: MichRIC

MLS Number: 17003710

MichRIC

APN: 14-18-403-013

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