NOT LISTED FOR SALE

586 Park Ave Lincoln Park, MI 48146

Estimated Value: $233,000 - $265,000

8 Beds
4 Baths
2,496 Sq Ft
$102/Sq Ft Est. Value

Last Sold May 03, 2022

Last sale price $215,000 $86 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,915/month

34 Days on Market

Highlights

  • Tankless Water Heater
  • Forced Air Heating System
  • Walk-Up Access

About This Home

As of May 2022

LOCATED IN POPULAR LOCATION OF LINCOLN PARK, ALL UNITS HAVE BEEN FULLY RENTED, ALL UTILITIES ARE SEPARATED OWNER PAYS WATER AND COMMON AREA ELECTRIC, RENOVATED IN 2017 APARTMENTS 2 AND 1, APARTMENT 3 IN 2020 AND UNIT 4 IN 2021; KITCHEN, BATHS, BEDROOMS. TANK LESS WATER HEATED, ALL APPLIANCES INCLUDED, ROOF DONE 2011, VINYL WINDOWS . PROPERTY SOLD AS IS.

Last Agent to Sell the Property

Azra Shaukat

Remerica Hometown One License #6501393384 Listed on: 03/01/2022

Last Buyer's Agent

Nicole Abbiss

KW Metro License #6501420918

KW Metro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1924 | Remodeled in 2017

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 30.00x108.00

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Poured Concrete
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 2,496 Sq Ft Home
  • 2-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Sewer in Street

Community Details

  • 4 Units
  • Suburban Park Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 45008030163000
  • $3,600 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,111

Year Built

Built in 1924 | Remodeled in 2017

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1924
  • State Equalized Value: 62900.0000
  • Year Renovated: 2017
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Walk-Up Access, Common
  • Sq Ft Combined: 2496
  • Total Sq Ft: 2496

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Brick, Vinyl
  • Foundation Materials: Poured
  • Frontage Feet: 30
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Carports

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Tankless
  • Water Source: Water at Street

Schools

  • School District: Lincoln Park

Lot Info

  • Lot Size Area: 0.07
  • Lot Dimensions: 30.00X108.00
  • Parcel Number: 45008030163000
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2600

Tax Info

  • Tax Amount Summer: 2566.0000
  • Tax Amount Winter: 545.0000
  • Total Tax: 3111.0000

Multi Family

  • Gross Scheduled Income: 31200.00
  • Number Of Units Total: 4
  • Unit Count: 4
  • Number of One Bedroom Units: 1
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 4

MLS Schools

  • School District: Lincoln Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
Apr 27, 2022
Sold by
Aatusa Llc
Bought by
King Lucis Trent and Blade Danny W
Seller's Agent
Azra Shaukat
Remerica Hometown One
Buyer's Agent
Nicole Abbiss
KW Metro
List Price
$215,000
Sold Price
$215,000
Current Estimated Value
$254,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,771
Avg. Annual Appreciation
5.09%
Original Mortgage
$161,250
Outstanding Balance
$134,718
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$119,085

Purchase Details

Closed on
Sep 20, 2019
Sold by
Aatus Llc
Bought by
Aatusa Llc

Purchase Details

Closed on
Jan 3, 2013
Sold by
Honstain Mark David
Bought by
Aatus Llc

Purchase Details

Closed on
Feb 8, 2011
Sold by
Honstain Mark
Bought by
Cmh Homes Llc

Purchase Details

Closed on
Mar 27, 2009
Sold by
Jpmorgan Chase Bank National Association
Bought by
Honstain Mark

Purchase Details

Closed on
Jul 30, 2008
Sold by
Mortgage Electronic Registration Systems
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
May 7, 2008
Sold by
Miller Perry
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Dec 2, 2005
Sold by
586 Park Avenue Llc
Bought by
Miller Perry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
7.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 12, 2003
Sold by
Smith John
Bought by
586 Park Avenue Llc

Purchase Details

Closed on
Mar 31, 2003
Sold by
Keating House Llc
Bought by
Smith John G

Purchase Details

Closed on
Mar 6, 2002
Sold by
Wessel Richard C
Bought by
Keating Houuse Llc

Purchase Details

Closed on
Apr 20, 2001
Sold by
Klupacs Deborah J
Bought by
Scarborugh David B

Purchase Details

Closed on
Feb 10, 1995
Sold by
Klupacs Roy D
Bought by
Anthony Maniaci
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
King Lucis Trent $215,000 Hometown One Title Agency
King Lucis Trent $215,000 Hometown One Title Agency
Aatusa Llc -- None Available
Aatus Llc $50,000 Capital Title Ins Agency
Cmh Homes Llc -- None Available
Honstain Mark $17,000 None Available
Jpmorgan Chase Bank Na -- E Title Agency
Mortgage Electronic Registration Systems $136,678 None Available
Miller Perry $180,000 Lts Title Agency
586 Park Avenue Llc -- --
Smith John G $190,000 Multiple
Keating Houuse Llc -- --
Scarborugh David B $69,500 --
Anthony Maniaci $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Lucis Trent $161,250
Closed King Lucis Trent $161,250
Previous Owner Miller Perry $126,000
Previous Owner Miller Perry $54,000
Closed Anthony Maniaci $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2022 05/03/22 Sold $215,000 0.0% $86 / Sq Ft
04/05/2022 04/05/22 Pending -- -- --
03/31/2022 03/31/22 Price Changed $215,000 0.0% $86 / Sq Ft
03/31/2022 03/31/22 For Sale $215,000 -4.4% $86 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $225,000 -- $90 / 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 $6,461 $116,800 $0 $0
2024 $6,461 $116,400 $0 $0
2023 $6,134 $99,800 $0 $0
2022 $3,431 $65,800 $0 $0
2021 $3,350 $62,900 $0 $0
2020 $3,317 $53,600 $0 $0
2019 $2,780 $48,700 $0 $0
2018 $2,566 $44,600 $0 $0
2017 $1,262 $42,100 $0 $0
2016 $3,061 $43,500 $0 $0
2015 $4,260 $42,600 $0 $0
2013 $4,590 $45,900 $0 $0
2012 $3,690 $47,000 $4,700 $42,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220013592

Realcomp

APN: 45-008-03-0163-000