NOT LISTED FOR SALE

611 Emmet St Unit 611 Emmet Ypsilanti, MI 48197

Midtown Neighborhood

Estimated Value: $311,442 - $364,000

2 Beds
2 Baths
2,410 Sq Ft
$138/Sq Ft Est. Value

Last Sold February 28, 2020

Last sale price $180,000 $75 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $2,633/month

25 Days on Market

Highlights

  • 0.14 Acre Lot
  • Forced Air Heating System
  • 4-minute walk to Pease Park

About This Home

As of February 2020

Great stable long term income property one block off main campus at EMU. Highly sought after for the central location. Remodeled, well maintained and city certified duplex with 3 beds/1 bath per unit, TENANTS PAY ALL UTILITIES (incl water!). Plenty of off street parking and next door to Eastern Michigan University makes this especially attractive to tenants! 100% occupied on 1 yr leases. Requires minimum of 24 hour notice to show. All buyers agents to supply pre approval letter or proof of funds prior to showing. Unit 1 includes access to basement with laundry facilities. Unit 2 includes full extra loft level popular with tenants.

Last Agent to Sell the Property

Annie Hoover

ERA REARDON - BROOKLYN Listed on: 12/21/2019

ERA REARDON - BROOKLYN

Last Buyer's Agent

NON-MBR 'SOLD' NON-MBR 'SOLD'

NON-MEMBER REALTOR 'SOLD'

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1885

Lot Details

  • 6,098 Sq Ft Lot

Utilities

  • Forced Air Heating System
  • Space Heater

Community Details

  • 28 University Village Subdivision
  • Net Operating Income $21,900

Listing and Financial Details

  • Tenant pays for electricity, water, gas

Property Details

Home Type

Apartment

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 189900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6098.4

Rental Info

  • Tenant Pays: Electricity, Water, Gas

Multi Family

  • Net Operating Income: 21900.0

Tax Info

  • Tax Annual Amount: 4514.35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2019
Closed on
Feb 27, 2020
Sold by
Fountain Leasing Llc
Bought by
Jack Lleyana
Seller's Agent
Annie Hoover
ERA REARDON - BROOKLYN
Buyer's Agent
NON-MBR 'SOLD' NON-MBR 'SOLD'
NON-MEMBER REALTOR 'SOLD'
Sold Price
$180,000
Current Estimated Value
$332,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,111
Avg. Annual Appreciation
10.12%
Original Mortgage
$135,000
Outstanding Balance
$120,075
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$185,803

Purchase Details

Closed on
Feb 1, 2016
Sold by
Hoover Steven R and Hoover Annie G
Bought by
Fountain Leasing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 23, 2010
Sold by
Capobianco Jeff and Capobianco Laurel
Bought by
Hoover Steven R and Hoover Anne G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 29, 2005
Sold by
Capobianco Jeff
Bought by
Capobianco Jeff and Capobianco Laurel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,400
Interest Rate
6.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 7, 2004
Sold by
Foner Michael A
Bought by
Capobianco Jeff

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.77%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 19, 2001
Sold by
Albrecht Anne Marie
Bought by
Foner Michael A

Purchase Details

Closed on
Jul 9, 1999
Sold by
Kirchner Adelheid
Bought by
Foner Anne M
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
Jack Lleyana $180,000 None Available
Fountain Leasing Llc -- None Available
Hoover Steven R $52,000 Cis
Capobianco Jeff -- --
Capobianco Jeff $190,000 --
Foner Michael A -- --
Foner Anne M $269,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jack Lleyana $135,000
Previous Owner Fountain Leasing Llc $380,000
Previous Owner Hoover Steven R $59,500
Previous Owner Capobianco Jeff $166,400
Previous Owner Capobianco Jeff $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2020 02/28/20 Sold $180,000 -- $75 / Sq Ft
01/15/2020 01/15/20 Pending -- -- --
Source: Southwestern Michigan Association of REALTORS®

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 $9,891 $149,100 $0 $0
2024 $9,891 $140,100 $0 $0
2023 $9,326 $131,900 $0 $0
2022 $9,633 $113,700 $0 $0
2021 $9,463 $109,500 $0 $0
2020 $4,697 $107,200 $0 $0
2019 $4,533 $100,900 $100,900 $0
2018 $4,253 $86,000 $0 $0
2017 $4,166 $82,300 $0 $0
2016 $4,218 $48,767 $0 $0
2015 -- $48,622 $0 $0
2014 -- $47,104 $0 $0
2013 -- $47,104 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Annie Hoover

    Seller's Agent in 2020

    Annie Hoover

    ERA REARDON - BROOKLYN

    (517) 812-3209

    106 Total Sales

    Annie Hoover
    Section Image

  • N

    Buyer's Agent in 2020

    NON-MBR 'SOLD' NON-MBR 'SOLD'

    NON-MEMBER REALTOR 'SOLD'

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21034993

Southwestern Michigan Association of REALTORS®

APN: 11-40-181-003

Michigan Washtenaw County Ypsilanti 48197 Midtown

611 Emmet St Unit 611 Emmet, Ypsilanti, MI

This home is located at 611 Emmet St Unit 611 Emmet, Ypsilanti, MI 48197 since 21 December 2019 and is currently estimated at $332,111, approximately $137 per square foot. This property was built in 1885. 611 Emmet St Unit 611 Emmet is a home located in Washtenaw County with nearby schools including Estabrook Elementary School, Holmes Elementary School, and Erickson Elementary School.

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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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