NOT LISTED FOR SALE

5851 Althea St Unit 8 Shelby Township, MI 48316

Estimated Value: $2,942,365

2 Beds
1 Bath
1,000 Sq Ft
1965 Built

Highlights

  • No HOA
  • 1-Story Property
  • Baseboard Heating
  • Issac Monfort Elementary School Rated A-
  • Ceiling Fan

About This Home

As of April 2018

BRIGHT AND CUTE 2 BEDROOM UPPER UNIT APARTMENT AVAILABLE FOR RENT! VERY SPACIOUS! 1000 SQUARE FEET! KITCHEN APPLIANCES INCLUDED. COIN OPERATED WASHER AND DRYER IN COMMON BUILDING AREA FOR THE TENANT TO USE. WALL A/C AND CEILING FAN. CENTRALLY LOCATED TO BUSINESSES AND SHOPPING. TENANTS TO PAY FLAT MONTHLY FEE OF $100 FOR GAS AND WATER. TENANTS ARE RESPONSIBLE FOR ELECTRICITY. MGMT COMPANY DOES A FULL TENANT SCREENING (CREDIT, CRIMINAL, INCOME VERIFICATION AND LANDLORD REFS). $2010 GROSS MONTHLY INCOME IS REQUIRED. 1 MONTH SECURITY DEPOSIT FOR APPROVED APPLICANTS (600 CREDIT OR HIGHER). 12 OR 24 MONTH LEASE. RENTER'S INSURANCE REQUIRED. NO SMOKING. NO PETS. $50 APP FEE FOR ALL LEASE HOLDERS & $35 APP FEE FOR ALL OTHER ADULT OCCUPANTS. SCHEDULE A SHOWING TODAY!

Last Agent to Rent the Property

Joylene Moore

Michigan Management & Property Maint Inc License #6501352875 Listed on: 03/03/2018

Last Renter's Agent

Joylene Moore

Michigan Management & Property Maint License #RCO-6501352875

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $41,071

Year Built

  • Built in 1965

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Sewer in Street

Community Details

  • No Home Owners Association
  • Evergreen Acres # 01 Subdivision

Listing and Financial Details

  • Security Deposit $1,005
  • 24 Month Lease Term
  • Application Fee: 50.00
  • Assessor Parcel Number 0717477020

Condo Details

Home Type

Condominium

Est. Annual Taxes

$41,071

Year Built

Built in 1965

Lot Details

0

Rental Info

  • Application Fee: 50.00
  • Lease Type: Apartments
  • Security Deposit: 1005.00
  • Tenant Amenities: Maintenance Off-Site

Listing Details

  • Property Type: Condominium
  • Architecture Level: 1 Story Ground
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Kitchen Appliances: Refrigerator, Range/Stove
  • Sq Ft Combined: 1000
  • Total Sq Ft: 1000

Exterior Features

  • Foundation Details: Slab
  • Construction Materials: Brick, Wood
  • Foundation Materials: Poured
  • Road Frontage Type: Paved

Garage/Parking

  • Garage Size: No Garage

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Wall Unit(s)
  • Heating: Baseboard
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Fee: No

Fee Information

  • Additional Fee: 35.00

Schools

  • School District: Utica

Lot Info

  • Parcel Number: 0717477020

Multi Family

  • Length of Lease: 13-24 Months, 25-36 Months

MLS Schools

  • School District: Utica

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 16, 2019
Sold by
Shelby Hill Apartments Llc
Bought by
51501 Mound Llc
Current Estimated Value
$2,942,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,988,000
Outstanding Balance
$1,752,819
Interest Rate
3.82%
Mortgage Type
Construction
Estimated Equity
$1,113,011

Purchase Details

Listed on
Mar 3, 2018
Closed on
Apr 24, 2018
Sold by
Allen Park Investors Llc
Bought by
Shelby Hail Apartments Llc
Seller's Agent
Joylene Moore
Michigan Management & Property Maint Inc
Buyer's Agent
Joylene Moore
Michigan Management & Property Maint
Sold Price
$670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,355,000
Interest Rate
4.44%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 13, 2013
Sold by
Ponderosa Apartments Llc
Bought by
Allen Park Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$966,000
Interest Rate
4.23%
Mortgage Type
Commercial
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
51501 Mound Llc -- First American Title Ins Co
Shelby Hail Apartments Llc -- First American Title Insuran
Allen Park Investors Llc $1,380,000 Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 51501 Mound Llc $1,988,000
Previous Owner Shelby Hill Apartments Llc $1,355,000
Previous Owner Allen Park Investors Llc $966,000
Previous Owner Ponderosa Apartments Llc $215,100
Previous Owner Ponderosa Apartments Llc $50,000
Previous Owner Ponderosa Apartments Llc $50,000
Previous Owner Ponderosa Apartments Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2018 04/19/18 Rented $670 0.0% --
04/11/2018 04/11/18 Under Contract -- -- --
03/03/2018 03/03/18 For Rent $670 0.0% --
01/14/2018 01/14/18 Rented $670 0.0% --
12/13/2017 12/13/17 Under Contract -- -- --
11/09/2017 11/09/17 For Rent $670 0.0% --
07/23/2014 07/23/14 Rented $670 -13.5% --
07/22/2014 07/22/14 Under Contract -- -- --
04/09/2014 04/09/14 For Rent $775 -- --
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 $41,071 $1,204,800 $0 $0
2024 $22,916 $1,043,400 $0 $0
2023 $21,743 $1,041,000 $0 $0
2022 $36,225 $1,017,800 $0 $0
2021 $35,300 $889,200 $0 $0
2020 $19,540 $729,300 $0 $0
2019 $30,141 $650,800 $0 $0
2018 $29,688 $634,200 $0 $0
2017 $29,672 $642,000 $137,000 $505,000
2016 $29,521 $642,000 $0 $0
2015 $29,191 $778,300 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Landlord's Agent in 2018

    Joylene Moore

    Michigan Management & Property Maint Inc

  • Lashanta Singleton

    Buyer's Agent in 2018

    Lashanta Singleton

    EXP Realty LLC

    (248) 679-6988

    30 Total Sales

    Lashanta Singleton
    Section Image

  • B

    Seller's Agent in 2014

    Brad Sandberg

    Michigan Management & Property Maint Inc

    (248) 284-4100

    3 Total Sales

    Brad Sandberg
    Section Image
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Map

Source: Realcomp

MLS Number: 218017205

Realcomp

APN: 23-07-17-477-020

Michigan Macomb County Shelby Township 48316

5851 Althea St Unit 8, Shelby Township, MI

This home is located at 5851 Althea St Unit 8, Shelby Township, MI 48316 since 03 March 2018 and is currently priced at $2,942,365. This property was built in 1965. 5851 Althea St Unit 8 is a home located in Macomb County with nearby schools including Issac Monfort Elementary School, Shelby Junior High School, and Utica High School.

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Realcomp IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
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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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