NOT LISTED FOR SALE

591 River St Adrian, MI 49221

Estimated Value: $126,000 - $177,000

4 Beds
2 Baths
1,718 Sq Ft
$84/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $113,000 $66 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,027/month

26 Days on Market

Highlights

  • Contemporary Architecture
  • Living Room
  • Forced Air Heating System
  • Porch
  • Property is near schools
  • Ceiling Fan

About This Home

As of September 2021

Income generating duplex on Adrian's west side. Separate gas & electric. Apt. 1 has 3 bedrooms, living room, dining room, kitchen and full bath. Apt. 2 is a one bedroom, 1 full bath, living room, kitchen. Large yard, separate driveways and a shared laundry in basement.

Last Agent to Sell the Property

Lorraine Morgan

Heart O' The Hills Realty License #LCAR-6501342563 Listed on: 08/05/2021

Last Buyer's Agent

Lorraine Morgan

Heart O' The Hills Realty License #LCAR-6501342563 Listed on: 08/05/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1935

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 99x150
  • Many Trees

Parking

  • 3 Car Parking Spaces

Home Design

  • Duplex
  • Contemporary Architecture

Interior Spaces

  • 1.5-Story Property
  • Ceiling Fan
  • Living Room
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Michigan Basement
  • Block Basement Construction

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • Porch
  • Property is near schools

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XA0-800-0020-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,844

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Originating MLS: Lenawee County Association of REALTORS
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units, Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 1 1/2 Story
  • Styles: Contemporary
  • Total Tax Amount: 1844.14
  • Total Tax Year: 2020
  • Year Built: 1935
  • Mail City: Adrian
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Block, MI Basement, Outside Entrance
  • Bedrooms: 4
  • Bathroom Description: Shared
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Sub Room Description: Living Room

Exterior Features

  • Exterior Features: Porch, Sidewalks, Street Lights
  • Frontage: 99
  • Foundation Type: Basement, Crawl
  • Roads: City/County, Curbed

Garage/Parking

  • Parking: 3 Or More Spaces

Utilities

  • Water: Public Water
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0-800-0020-00
  • Location: Walk To School
  • Lot Dimensions: 99x150
  • Acreage: 0.34
  • Lot Description: Deep Lot - 150+ Ft., Platted, Sidewalks, Treed
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Trash Removal, Water/Sewer
  • Lease Information: Month-To-Month, Water Included
  • Total Expenses: 120

Tax Info

  • Summer Tax: Year: 2020, Amount: $1,336.25
  • Winter Tax: Year: 2020, Amount: $507.89
  • Total Tax: Year: 2020, Amount: $1,844.14

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Aug 27, 2020
Sold by
Duncan J Kevin
Bought by
Morgan Matthew and Morgan Rachel
Seller's Agent
Lorraine Morgan
Heart O' The Hills Realty
Buyer's Agent
Lorraine Morgan
Heart O' The Hills Realty
List Price
$79,900
Sold Price
$66,250
Premium/Discount to List
-$13,650
-17.08%
Current Estimated Value
$140,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,240
Avg. Annual Appreciation
15.60%
Original Mortgage
$49,687
Outstanding Balance
$44,175
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$100,357

Purchase Details

Closed on
Oct 19, 2009
Sold by
Federal Natinal Mortgage Assn
Bought by
Duncan J Kevin and Duncan Cindy L

Purchase Details

Closed on
Sep 28, 2009
Sold by
The Huntington National Bank
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 23, 2009
Sold by
Quick Joseph S and Quick Shari L
Bought by
The Huntington National Bank
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Morgan Matthew $66,250 Misc Company
Duncan J Kevin $19,000 None Available
Federal National Mortgage Association -- None Available
The Huntington National Bank $70,768 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Matthew $49,687
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2021 09/09/21 Sold $113,000 -5.8% $66 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/05/2021 08/05/21 For Sale $119,900 +81.0% $70 / Sq Ft
08/28/2020 08/28/20 Sold $66,250 -17.1% $39 / Sq Ft View Prior Sale
08/21/2020 08/21/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $79,900 -- $47 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,516 $66,400 $0 $0
2024 $28 $61,300 $0 $0
2023 $3,360 $57,000 $0 $0
2022 $2,930 $52,900 $0 $0
2021 $3,015 $49,000 $0 $0
2020 $1,844 $44,800 $0 $0
2019 $1,314 $42,800 $0 $0
2018 $1,778 $49,969 $0 $0
2017 $1,728 $37,567 $0 $0
2016 $1,714 $31,572 $0 $0
2014 -- $28,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50051040

Michigan Multiple Listing Service

APN: XA0-800-0020-00