NOT LISTED FOR SALE

612 N Sherman St Ludington, MI 49431

Estimated Value: $16,115,560

-- Bed
-- Bath
-- Sq Ft
12.37 Acres

Last Sold May 27, 2014

Last sale price $8,100,000

Est. 99% increase in value since last sale

Current estimated payment $93,902/month

90 Days on Market

Highlights

  • 12.37 Acre Lot
  • Ludington High School Rated 9+
  • Forced Air Heating System

About This Home

As of May 2014

Sherman Oaks consists of 126 conventional units and 46 independent living units. This pristine community is in excellent shape, has strong historical cash flows, minimal vacancy and the current rents are well below market.

Last Agent to Sell the Property

Matthew Callander

Callander Commercial License #6501303339 Listed on: 01/09/2014

Last Buyer's Agent

Matthew Callander

Callander Commercial License #6501303339 Listed on: 01/09/2014

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $80,280

Year Built

  • Built in 1994

Lot Details

  • 12.37 Acre Lot

Parking

  • 1 Parking Space

Home Design

  • Slab Foundation

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 7 Buildings

Listing and Financial Details

  • Tenant pays for electricity, water, trash collection, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$80,280

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 8800000.0
  • Number of Buildings: 7

Garage/Parking

  • Total Parking Spaces: 1.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 12.37
  • Lot Size Area: 12.37
  • Lot Size Sq Ft: 538837.0
  • Zoning Description: R3A

Rental Info

  • Tenant Pays: Electricity, Water, Trash Collection, Sewer, Gas

Tax Info

  • Tax Annual Amount: 80280.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2009
Sold by
Wiltjer Philip and Wiltjer Audrey
Bought by
Morren Tjer Llc
Current Estimated Value
$16,115,560

Purchase Details

Closed on
Aug 1, 1991
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
Morren Tjer Llc -- None Available
-- $70,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/27/2014 05/27/14 Sold $8,100,000 -8.0% --
04/09/2014 04/09/14 Pending -- -- --
01/09/2014 01/09/14 For Sale $8,800,000 -- --
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 $104,555 $2,494,800 $2,494,800 $0
2024 -- $2,245,900 $2,245,900 $0
2023 -- $1,863,700 $1,863,700 $0
2022 -- $1,879,200 $0 $0
2021 -- $1,671,700 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14001964

Southwestern Michigan Association of REALTORS®

APN: 051-268-028-20