NOT LISTED FOR SALE

5910 Joymont St Jackson, MI 49201

Estimated Value: $430,369 - $466,000

9 Beds
8 Baths
-- Sq Ft
0.78 Acres

Last Sold October 19, 2017

Last sale price $250,000

Est. 79% increase in value since last sale

Current estimated payment $2,952/month

32 Days on Market

Highlights

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

About This Home

As of October 2017

Fantastic location for this Investment Opportunity. 4 Unit in Three Forty Farms in Summit Township. Located near Jackson College, Jackson Country Club. Property has been recently appraised and is priced at appraised value. Unit 1 & 4 offer 3BR/2.5BA and 2 carports per unit. Units 2 & 3 offer 2BR/1.5BA and 1 carport per unit. Sprinkler system and each unit has a full basement. 1 water softener controls all units. Kitchen appliances included in each unit.

Last Agent to Sell the Property

Heather Herndon

HOWARD HANNA REAL ESTATE SERVI License #6501335416 Listed on: 07/20/2017

HOWARD HANNA REAL ESTATE SERVI

Last Buyer's Agent

Corey Latocki

PRODUCTION REALTY - GRASS LAKE License #6501375767

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,208

Year Built

  • Built in 1974

Lot Details

  • 0.78 Acre Lot
  • Cul-De-Sac

Home Design

  • Wood Siding
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Space Heater

Listing and Financial Details

  • The owner pays for water

Community Details

Overview

  • Three Forty Farms Subdivision

Building Details

  • Operating Expense $25,191
  • Gross Income $33,960
  • Net Operating Income $51,214

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,208

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding
  • List Price: 255000.0
  • Lot Features: Cul-De-Sac, Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.78
  • Lot Size Area: 0.78
  • Lot Size Sq Ft: 33976.8

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 33960.0
  • Net Operating Income: 51214.0
  • Operating Expense: 25191.0

Tax Info

  • Tax Annual Amount: 5208.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2017
Closed on
Oct 19, 2017
Sold by
Cedar Development Llc
Bought by
Wagler Neil
Seller's Agent
Heather Herndon
HOWARD HANNA REAL ESTATE SERVI
Buyer's Agent
Corey Latocki
PRODUCTION REALTY - GRASS LAKE
Sold Price
$250,000
Current Estimated Value
$448,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,092
Avg. Annual Appreciation
7.39%
Original Mortgage
$200,000
Outstanding Balance
$138,217
Interest Rate
3.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
$309,875

Purchase Details

Closed on
Nov 3, 2003
Sold by
Deorio Victor A and Deorio Mary E
Bought by
Cedar Developments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 $250,000 None Available
Cedar Developments Llc $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wagler Neil $200,000
Previous Owner Cedar Developments Llc $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2017 10/19/17 Sold $250,000 -- --
08/21/2017 08/21/17 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 $7,162 $164,500 $0 $0
2024 $5,538 $161,000 $0 $0
2023 $5,307 $150,500 $0 $0
2022 $6,553 $131,000 $0 $0
2021 $7,533 $126,500 $0 $0
2020 $7,628 $125,400 $0 $0
2019 $7,305 $127,500 $0 $0
2018 $6,859 $111,000 $0 $0
2017 $5,238 $109,600 $0 $0
2016 $4,362 $112,500 $112,500 $0
2015 $5,578 $116,300 $116,300 $0
2014 $5,578 $119,500 $0 $0
2013 -- $119,500 $119,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Herndon

    Seller's Agent in 2017

    Heather Herndon

    HOWARD HANNA REAL ESTATE SERVI

    (517) 787-9800

    184 in this area

    758 Total Sales

    Heather Herndon
    Section Image

  • C

    Buyer's Agent in 2017

    Corey Latocki

    PRODUCTION REALTY - GRASS LAKE

    Section Image
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Map

Source: MichRIC

MLS Number: 21034980

MichRIC

APN: 563-13-28-403-026-00

Michigan Jackson County Jackson 49201

5910 Joymont St, Jackson, MI

Not Listed for Sale

MultiFamily

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