NOT LISTED FOR SALE

5900 Joymont St Jackson, MI 49201

Estimated Value: $435,000 - $552,000

9 Beds
10 Baths
-- Sq Ft
0.77 Acres

Last Sold July 23, 2019

Last sale price $252,000

Est. 90% increase in value since last sale

Current estimated payment $3,201/month

30 Days on Market

Highlights

  • Cul-De-Sac
  • Sharp Park Academy Rated A-
  • Forced Air Heating System

About This Home

As of July 2019

Check out this executive three unit property in 340 Farms, Summit Township. The property is currently at 100% occupancy and is showing great cash flow. Each unit has the use of a carport and off-street parking. This is an ideal owner occupied unit or can be used for all income producing units. Property has recently been connected to Township sewer.

Last Agent to Sell the Property

Tom Schindler

TOM SCHINDLER License #6504198292 Listed on: 04/02/2019

Last Buyer's Agent

Corey Latocki

PRODUCTION REALTY - GRASS LAKE License #6501375767

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1974

Lot Details

  • 0.77 Acre Lot
  • Cul-De-Sac

Home Design

  • Slab Foundation

Utilities

  • Forced Air Heating System
  • Space Heater

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Community Details

Overview

  • 340 Farms Subdivision

Building Details

  • Gross Income $2,525
  • Net Operating Income $5,050

Property Details

Home Type

Apartment

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 269000.0
  • Lot Features: Cul-De-Sac
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.77
  • Lot Size Area: 0.77
  • Lot Size Sq Ft: 33541.2

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2525.0
  • Net Operating Income: 5050.0

Tax Info

  • Tax Annual Amount: 6512.05

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2019
Closed on
Jul 20, 2019
Sold by
Polasani Ravinder and Polasani Manjula
Bought by
Wagler Neil
Seller's Agent
Tom Schindler
TOM SCHINDLER
Buyer's Agent
Corey Latocki
PRODUCTION REALTY - GRASS LAKE
Sold Price
$252,000
Current Estimated Value
$478,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,930
Avg. Annual Appreciation
10.40%
Original Mortgage
$200,000
Outstanding Balance
$153,580
Interest Rate
3.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$325,350

Purchase Details

Closed on
Jun 6, 2000
Sold by
Mallow Gayl F and Mallow John A
Bought by
Polasani Ravinder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,300
Interest Rate
8.19%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Wagler Neil $252,000 None Available
Polasani Ravinder $257,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wagler Neil $200,000
Previous Owner Polasani Ravinder $231,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2019 07/23/19 Sold $252,000 -- --
05/02/2019 05/02/19 Pending -- -- --
Source: MichRIC

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 $8,357 $176,000 $0 $0
2024 $64 $172,900 $0 $0
2023 $6,154 $161,800 $0 $0
2022 $7,641 $141,000 $0 $0
2021 $9,026 $136,200 $0 $0
2020 $8,274 $134,800 $0 $0
2019 $6,705 $137,200 $0 $0
2018 $6,512 $118,400 $0 $0
2017 $5,628 $116,900 $0 $0
2016 $4,657 $120,100 $120,100 $0
2015 $6,006 $124,200 $124,200 $0
2014 $6,006 $127,600 $0 $0
2013 -- $127,600 $127,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Schindler

    Seller's Agent in 2019

    Tom Schindler

    TOM SCHINDLER

    (517) 782-7494

    23 in this area

    107 Total Sales

    Tom Schindler
    Section Image

  • C

    Buyer's Agent in 2019

    Corey Latocki

    PRODUCTION REALTY - GRASS LAKE

    Section Image
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Map

Source: MichRIC

MLS Number: 21034895

MichRIC

APN: 563-13-28-403-027-00

Michigan Jackson County Jackson 49201

5900 Joymont St, Jackson, MI

Not Listed for Sale

MultiFamily

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