$275,000
SOLD JUN 22, 2018

605 N Calhoun St Lapeer, MI 48446

4 Beds
4 Baths
4,000 Sq Ft
0.25 Acres

Recently Sold

$69 Per Sq Ft

14% Below List Price

135 Days on Market

Highlights

  • Deck
  • Porch
  • Lobby
  • Balcony
  • Patio
  • 4-minute walk to Veterans Memorial Park Lapeer Michigan

About This Home

As of November 2021

The "Calhoun Apartments" includes 4 units (see documents for layouts) in this fantastic historical property! Excellent investment property that is VERY well maintained inside and out. Original flooring, original trim and molding, original windows, individual water (heaters replaced as needed), furnaces (2008) and air conditioning (2008). New roof (2008), rubber membrane on flat roof (2017). Each unit includes stove & refrigerator, 3 with dishwasher and 1 with microwave. Coin washer and dryer in the common basement that can be accessed from the interior of each apartment. 3x Section 8 renters (2, 6 & 12 year renters) and 1 non (8 year renter). The non Section 8 renter handles lawn, snow and general maintenance for a lower monthly rent. Certificate of compliance for all units in place as are rental agreements. Due to respect to renters, showings will be on Monday's from 2-4pm and Saturdays from 4-6pm ONLY and by appointment. Must also be accompanied by Agent.

Last Agent to Sell the Property

Jack Smith

Coldwell Banker Professionals License #6501404507 Listed on: 01/22/2018

Coldwell Banker Professionals

Last Buyer's Agent

Jack Smith

Coldwell Banker Professionals License #6501404507 Listed on: 01/22/2018

Coldwell Banker Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1864 | Remodeled in 2013

Lot Details

  • Lot Dimensions are 100 x 100

Parking

  • Assigned Parking

Home Design

  • Quadruplex
  • Stone Foundation
  • Asphalt Roof
  • Rubber Roof
  • Vinyl Construction Material

Interior Spaces

  • 4 Full Bathrooms
  • 4,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Carbon Monoxide Detectors

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutter Guard System
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number L205250004000

Community Details

Overview

  • 4 Units

Amenities

  • Laundry Facilities
  • Lobby

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,678

Year Built

Built in 1864 | Remodeled in 2013

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Common Entry Building, Quadruplex
  • Architecture Level: 2 Story
  • Year Built: 1864
  • Year Renovated: 2013
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, Carbon Monoxide Alarm(s), Laundry Facility, Programmable Thermostat
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Type: Common, Unfinished, Walkout Access
  • Sq Ft Combined: 4000
  • Total Sq Ft: 4000
  • Sq Ft Total Bsmt: 1500

Exterior Features

  • Roof Material: Asphalt, Rubber
  • Foundation Details: Michigan Basement
  • Construction Materials: Vinyl
  • Exterior Features: Gutter Guard System, Lighting
  • Foundation Materials: Stone
  • Frontage Feet: 200
  • Porch Type: Balcony, Deck, Patio, Porch
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Separate Meter
  • Heating: Forced Air, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas, Separate Meters
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Lapeer

Lot Info

  • Lot Dimensions: 100 x 100
  • Parcel Number: L205250004000
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Snow Removal, Water/Sewer, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 2670

Tax Info

  • Tax Amount Summer: 1120.0000
  • Tax Amount Winter: 1558.0000
  • Total Tax: 2678.0000

Multi Family

  • Gross Scheduled Income: 32040.00
  • Number Of Units Total: 4
  • Unit Count: 4
  • Number of One Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Lapeer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2021
Closed on
Dec 28, 2021
Sold by
Catherine Malmrose
Bought by
Buttercup Properties Llc
Seller's Agent
Lauren Mannor
Oak and Stone Real Estate
Buyer's Agent
Lauren Mannor
Oak and Stone Real Estate
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%
Total Days on Market
135
Current Estimated Value
$355,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,175
Avg. Annual Appreciation
2.50%

Purchase Details

Listed on
Apr 29, 2021
Closed on
Nov 5, 2021
Sold by
Buttercup Properties Llc
Bought by
Truly In Lapeer Llc
Seller's Agent
Lauren Mannor
Oak and Stone Real Estate
Buyer's Agent
Lauren Mannor
Oak and Stone Real Estate
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%

Purchase Details

Listed on
Jan 22, 2018
Closed on
Jun 26, 2018
Sold by
Rosanne Turcsanyi
Bought by
Malmrose Catherine
Seller's Agent
Jack Smith
Coldwell Banker Professionals
Buyer's Agent
Jack Smith
Coldwell Banker Professionals
List Price
$319,000
Sold Price
$275,000
Premium/Discount to List
-$44,000
-13.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.07%

Purchase Details

Listed on
Jan 22, 2018
Closed on
Jun 22, 2018
Sold by
Turcsanyi Rosanne
Bought by
Malmrose Catherine
Seller's Agent
Jack Smith
Coldwell Banker Professionals
Buyer's Agent
Jack Smith
Coldwell Banker Professionals
List Price
$319,000
Sold Price
$275,000
Premium/Discount to List
-$44,000
-13.79%

Purchase Details

Closed on
Nov 21, 1996
Sold by
Bergamo Sam and Bergamo Patricia
Bought by
Turcsanyi Rosanne

Purchase Details

Closed on
Jan 8, 1991
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Quit Claim Deed -- Fidelity National Title
Contract Of Sale -- Fidelity National Title
Quit Claim Deed -- Fidelity National Title
Warranty Deed $275,000 Cislo Title
Land Court Massachusetts $275,000 Cislo Title
Warranty Deed $275,000 Cislo Title
Deed $130,000 --
Warranty Deed $87,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $325,000 -7.1% $81 / Sq Ft
10/18/2021 10/18/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $350,000 0.0% $88 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $350,000 0.0% $88 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $350,000 0.0% $88 / Sq Ft
07/06/2021 07/06/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $350,000 +27.3% $88 / Sq Ft
06/22/2018 06/22/18 Sold $275,000 -8.3% $69 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
04/10/2018 04/10/18 Price Changed $299,900 -3.2% $75 / Sq Ft
03/19/2018 03/19/18 Price Changed $309,900 -2.9% $77 / Sq Ft
01/22/2018 01/22/18 For Sale $319,000 -- $80 / Sq Ft
Source: Realcomp

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 $3,186 $177,700 $0 $0
2023 $3,039 $156,000 $0 $0
2022 $7,011 $147,500 $0 $0
2021 $3,877 $136,200 $0 $0
2020 $3,830 $89,700 $0 $0
2019 $3,824 $81,100 $0 $0
2018 $2,752 $82,400 $82,400 $0
2017 $2,698 $75,300 $0 $0
2016 $2,678 $64,500 $64,500 $0
2015 -- $0 $0 $0
2014 -- $55,600 $55,600 $0
2013 -- $54,900 $54,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218005973

Realcomp

APN: L20-52-500-040-00