NOT LISTED FOR SALE

Estimated Value: $115,000 - $173,000

3 Beds
1.5 Baths
1,100 Sq Ft
$123/Sq Ft Est. Value

Last Sold May 24, 2022

Last sale price $100,000 $91 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $912/month

56 Days on Market

Highlights

  • Ranch Style House
  • Living Room
  • Forced Air Heating System
  • Fenced Yard
  • Laundry Room
  • 2-minute walk to Moran Park

About This Home

As of May 2022

MULTIPLE OFFERS RECEIVED. Great Investment opportunity to add to your portfolio. This Brick Split-Level 4 bedroom 1.5 bath is at an 11.5 CAP rate with 100% of the rent paid by a trust fund backing the tenant. Purchasing this property with a mortgage could get you upwards of a 40% ROI. Single-family home values has increased 52% since Jan 2021! (see attached chart and numbers). Great high demand rental location near the Whole Foods market, Starbucks, Kennedy King College etc. Schedule your private showing today!

Last Agent to Sell the Property

Ty Pearson

Keller Williams Preferred Realty License #475178700 Listed on: 02/21/2022

Keller Williams Preferred Realty

Last Buyer's Agent

Rosalba Melendres

EXIT Strategy Realty License #475184680

EXIT Strategy Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,466

Year Built

  • Built in 1970

Lot Details

  • 3,123 Sq Ft Lot
  • Lot Dimensions are 25 x 125
  • Fenced Yard

Home Design

  • Ranch Style House
  • Split Level Home
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,100 Sq Ft Home
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Potential Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,466

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Property Sub-Type: Split Level
  • Year Built: 1970
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • LivingArea: 1100
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Finished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 1
  • Total Sq Ft: 0
  • Total Sq Ft: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 89900
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 299

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.0717
  • Lot Dimensions: 25 X 125
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 1465.62
  • Tax Year: 2020
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
May 23, 2022
Sold by
Essential Technology Solutions Inc
Bought by
Ramirez-Barriga Maria Elena
Seller's Agent
Ty Pearson
Keller Williams Preferred Realty
Buyer's Agent
Rosalba Melendres
EXIT Strategy Realty
List Price
$89,900
Sold Price
$100,000
Premium/Discount to List
$10,100
11.23%
Current Estimated Value
$134,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,949
Avg. Annual Appreciation
8.06%
Original Mortgage
$85,000
Outstanding Balance
$81,585
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$47,679

Purchase Details

Closed on
Sep 26, 2014
Sold by
Underdog Equities Llc
Bought by
Essential Technology Solutions Inc

Purchase Details

Closed on
Nov 29, 2013
Sold by
507 Newton Avenue Llc
Bought by
Underdog Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,847
Interest Rate
4.17%
Mortgage Type
Unknown

Purchase Details

Closed on
May 29, 2013
Sold by
5749 South Elizabeth Llc
Bought by
507 Newton Avenue Llc

Purchase Details

Closed on
Dec 1, 2010
Sold by
Onate Elvis J
Bought by
5749 South Elizabeth Llc

Purchase Details

Closed on
Oct 12, 2007
Sold by
Xez Inc
Bought by
Onate Elvis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 16, 2007
Sold by
Home Acquisitions Inc
Bought by
Xez Inc

Purchase Details

Closed on
Mar 22, 2005
Sold by
Williams
Bought by
Home Acquisitions Inc

Purchase Details

Closed on
Feb 6, 2001
Sold by
Beck Eamiel
Bought by
Williams Lawrence D and Wade Williams Dianna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,841
Interest Rate
7.13%

Purchase Details

Closed on
Jul 19, 2000
Sold by
Smith Lubertha
Bought by
Ocwen Financial Services Inc

Purchase Details

Closed on
Jul 17, 2000
Sold by
Ocwen Financial Services Inc
Bought by
Beck Eamiel

Purchase Details

Closed on
Feb 1, 1999
Sold by
Smith Marie and Smith Larry Charles
Bought by
Smith Lubertha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,800
Interest Rate
12.87%

Purchase Details

Closed on
Jul 26, 1995
Sold by
Smith Lubertha and Smith Marie
Bought by
Smith Lubertha and Smith Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
7.51%
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
Ramirez-Barriga Maria Elena $100,000 Stewart Title Company
Essential Technology Solutions Inc -- None Available
Underdog Equities Llc $69,000 None Available
507 Newton Avenue Llc $40,000 None Available
5749 South Elizabeth Llc $10,000 None Available
Onate Elvis J $80,000 Cst
Xez Inc $70,000 None Available
Home Acquisitions Inc $86,000 --
Williams Lawrence D $75,000 --
Ocwen Financial Services Inc -- --
Beck Eamiel $20,000 First American Title
Smith Lubertha -- Nations Title
Smith Lubertha -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barriga Maria Elena Ramire $85,000
Closed Ramirez-Barriga Maria Elena $85,000
Previous Owner Underdog Equities Llc $64,847
Previous Owner 5749 South Elizabeth Llc $24,000
Previous Owner Onate Elvis J $112,000
Previous Owner Williams Lawrence D $73,841
Previous Owner Smith Lubertha $46,800
Previous Owner Smith Lubertha $51,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2022 05/24/22 Sold $100,000 +11.2% $91 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $89,900 -10.1% $82 / Sq Ft
02/27/2022 02/27/22 Off Market $100,000 -- --
02/21/2022 02/21/22 For Sale $89,900 0.0% $82 / Sq Ft
03/14/2018 03/14/18 Rented $1,550 +10.7% --
12/06/2017 12/06/17 Under Contract -- -- --
07/13/2017 07/13/17 For Rent $1,400 0.0% --
04/18/2017 04/18/17 Under Contract -- -- --
12/28/2016 12/28/16 For Rent $1,400 -- --
Source: Midwest Real Estate Data (MRED)

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 $2,321 $6,801 $938 $5,863
2023 $2,262 $11,000 $2,031 $8,969
2022 $2,262 $11,000 $2,031 $8,969
2021 $2,212 $10,999 $2,031 $8,968
2020 $1,466 $6,579 $2,031 $4,548
2019 $1,485 $7,393 $2,031 $5,362
2018 $1,460 $7,393 $2,031 $5,362
2017 $1,667 $7,744 $1,875 $5,869
2016 $1,551 $7,744 $1,875 $5,869
2015 $1,419 $7,744 $1,875 $5,869
2014 $1,342 $7,232 $1,718 $5,514
2013 $1,315 $7,232 $1,718 $5,514
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11329148

Midwest Real Estate Data (MRED)

APN: 20-17-123-020-0000