NOT LISTED FOR SALE

603 E Front St Adrian, MI 49221

Adrian Area

Estimated Value: $144,888

Studio
-- Bath
2,094 Sq Ft
$69/Sq Ft Est. Value

Sale Details

Date Sold: August 10, 2012

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

Est. 190% increase in value since last sale

Current estimated payment $977 / mo

75 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Wood Siding
  • Corner Lot

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

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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

4,356 Sq Ft Lot

Listing Details

  • Originating MLS: Lenawee
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 1607
  • Total Tax Year: 2012
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors
  • Basement Type: Full

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
  • Total Tax: Year: 2012, Amount: $1,607.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2012
Closed on
Aug 10, 2012
Sold by
Bought by
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
$144,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,888
Avg. Annual Appreciation
7.88%
Original Mortgage
$40,000
Outstanding Balance
$29,877
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$115,011

Purchase Details

Closed on
Mar 8, 2005
Sold by
Bought by

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$50,000 None Available
$43,500 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $40,000
Previous Owner $79,680
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,164 $65,200 $0 $0
2025 $1,646 $58,300 $0 $0
2024 $16 $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

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20090728

Michigan Multiple Listing Service

APN: XA0-001-7005-00

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