NOT LISTED FOR SALE

5910 S Rickfield Rd Jackson, MI 49201

Estimated Value: $434,000 - $519,000

9 Beds
8 Baths
-- Sq Ft
0.69 Acres

Last Sold September 12, 2014

Last sale price $210,000

Est. 125% increase in value since last sale

Current estimated payment $3,066/month

160 Days on Market

About This Home

As of September 2014

Looking for a great investment, income property or tax deductions, or all 3?? Checkout this very unique opportunity offer by this 4 unit located in Summit Townships 340 Farms. This building offer 2 - ranch style unit and 2 - 2-story townhouse units. Ranch unit has 2 bedrooms and 1 full bath or 1 1/2 baths and the 2-story units are both 3 bedrooms and 1½ baths. Loads of updates. 1 carport for each unit. Township sewer and water. Underground sprinkler system.

Last Agent to Sell the Property

Tom Schindler

RE/MAX MID-MICHIGAN R.E. License #6502126473 Listed on: 02/24/2014

Last Buyer's Agent

Tom Schindler

RE/MAX MID-MICHIGAN R.E. License #6502126473 Listed on: 02/24/2014

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1974

Lot Details

  • 0.69

Utilities

  • Forced Air Heating System
  • Space Heater

Additional Features

  • Crawl Space
  • 0.69 Acre Lot

Listing and Financial Details

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

Community Details

Overview

  • Three Forty Farms Subdivision

Building Details

  • Operating Expense $7,428
  • Net Operating Income $72,452

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: Crawl Space

Exterior Features

  • List Price: 275000.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.69
  • Lot Size Area: 0.69
  • Lot Size Sq Ft: 30056.4

Rental Info

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

Multi Family

  • Net Operating Income: 72452.0
  • Operating Expense: 7428.0

Tax Info

  • Tax Annual Amount: 5500.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2014
Closed on
Sep 12, 2014
Sold by
Rickfield Llc
Bought by
Susskind James M
Seller's Agent
Tom Schindler
RE/MAX MID-MICHIGAN R.E.
Buyer's Agent
Tom Schindler
RE/MAX MID-MICHIGAN R.E.
Sold Price
$210,000
Current Estimated Value
$472,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,083
Avg. Annual Appreciation
7.40%
Original Mortgage
$196,500
Outstanding Balance
$108,374
Interest Rate
4.11%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$363,709
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
Susskind James M $210,000 At
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Susskind James M $196,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2014 09/12/14 Sold $210,000 -- --
08/03/2014 08/03/14 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 $7,175 $164,400 $0 $0
2024 $55 $161,800 $0 $0
2023 $5,316 $151,500 $0 $0
2022 $6,564 $132,200 $0 $0
2021 $6,426 $127,700 $0 $0
2020 $6,334 $126,600 $0 $0
2019 $6,254 $128,900 $0 $0
2018 $6,075 $111,200 $0 $0
2017 $5,248 $109,800 $0 $0
2016 $4,378 $112,900 $112,900 $0
2015 $5,607 $116,700 $116,700 $0
2014 $5,607 $120,000 $120,000 $0
2013 -- $120,000 $120,000 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Tom Schindler

    RE/MAX Michigan

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Map

Source: MichRIC

MLS Number: 21035035

MichRIC

APN: 563-13-28-403-018-00

Michigan Jackson County Jackson 49201

5910 S Rickfield Rd, Jackson, MI

Not Listed for Sale

MultiFamily

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