NOT LISTED FOR SALE

603 E Front St Adrian, MI 49221

Estimated Value: $120,999 - $202,000

-- Bed
-- Bath
2,094 Sq Ft
$77/Sq Ft Est. Value

Last Sold August 10, 2012

Last sale price $50,000 $24 Per Sq Ft

Est. 224% increase in value since last sale

Current estimated payment $1,038/month

75 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • 5-minute walk to Monument Park
  • Corner Lot
  • Wood Siding

About This Home

As of August 2012

Great income producing unit. Low maintenance, always rented, newly remodeled in 2005. Very good condition!

Last Agent to Sell the Property

David Corder

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6502332298 & 6502357706 Listed on: 04/27/2012

Howard Hanna Real Estate Services-Tecumseh

Last Buyer's Agent

Paula Mamayek

Howard Hanna Real Estate Services-Tecumseh License #LCAR-6502123566

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 50x89
  • Corner Lot

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Community Details

  • 2 Units
  • Net Operating Income $8,440

Listing and Financial Details

  • Assessor Parcel Number XA0-001-7005-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Originating MLS: Lenawee
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Hardwood Floors
  • Basement Type: Full
  • Estimated Sq Ft: 2094

Exterior Features

  • Construction: Wood
  • Exterior Features: Porch
  • Frontage: 50
  • Roads: Paved Street

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA0-001-7005-00
  • Location: Corner Lot
  • Lot Dimensions: 50x89
  • Acreage: 0.1
  • Zoning: Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Water/Sewer
  • Total Expenses: 2000

Tax Info

  • Summer Tax: Amount: $1,193.00
  • Winter Tax: Amount: $414.00
  • Taxable Value: 28700
  • Total Tax: Year: 2012, Amount: $1,607.00
  • SEV Year: 2012

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
Apr 27, 2012
Closed on
Aug 10, 2012
Sold by
Vision Proerties One Llc
Bought by
Sargent Nicholas and Sargent Tammy L
Seller's Agent
David Corder
Howard Hanna Real Estate Services-Tecumseh
Buyer's Agent
Paula Mamayek
Howard Hanna Real Estate Services-Tecumseh
List Price
$59,900
Sold Price
$50,000
Premium/Discount to List
-$9,900
-16.53%
Current Estimated Value
$162,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,250
Avg. Annual Appreciation
10.71%
Original Mortgage
$40,000
Outstanding Balance
$31,348
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$153,684

Purchase Details

Closed on
Mar 8, 2005
Sold by
Fannie Mae
Bought by
Vision Properties One Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,680
Interest Rate
6.13%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Sargent Nicholas $50,000 None Available
Vision Properties One Llc $43,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sargent Nicholas $40,000
Previous Owner Vision Properties One Llc $79,680
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2012 08/10/12 Sold $50,000 -16.5% $24 / Sq Ft
07/11/2012 07/11/12 Pending -- -- --
04/27/2012 04/27/12 For Sale $59,900 -- $29 / 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
2024 $1,607 $53,300 $0 $0
2023 $2,016 $47,800 $0 $0
2022 $1,705 $43,200 $0 $0
2021 $1,675 $39,300 $0 $0
2020 $1,664 $35,800 $0 $0
2019 $75,899 $31,700 $0 $0
2018 $1,604 $37,439 $0 $0
2017 $1,559 $30,136 $0 $0
2016 $1,546 $28,001 $0 $0
2014 -- $27,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Corder

    Seller's Agent in 2012

    David Corder

    Howard Hanna Real Estate Services-Tecumseh

    (517) 403-9710

    62 in this area

    254 Total Sales

    David Corder
    Section Image

  • P

    Buyer's Agent in 2012

    Paula Mamayek

    Howard Hanna Real Estate Services-Tecumseh

See All Agents

Map

Source: Michigan Multiple Listing Service

MLS Number: 20090728

Michigan Multiple Listing Service

APN: XA0-001-7005-00

Michigan Lenawee County Adrian 49221

603 E Front St, Adrian, MI

This home is located at 603 E Front St, Adrian, MI 49221 since 27 April 2012 and is currently estimated at $162,250, approximately $77 per square foot. This property was built in 1880. 603 E Front St is a home located in Lenawee County with nearby schools including Adrian High School, St. Joseph Academy, and St. Joseph's Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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