NOT LISTED FOR SALE

617 Adams St Lapeer, MI 48446

Estimated Value: $211,135 - $269,000

5 Beds
3.5 Baths
2,100 Sq Ft
$120/Sq Ft Est. Value

Last Sold August 13, 2018

Last sale price $155,000 $74 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,675/month

5 Days on Market

Highlights

  • Deck
  • Awning
  • Private Entrance
  • Covered Patio or Porch
  • Hot Water Heating System
  • ENERGY STAR/Reflective Roof

About This Home

As of August 2018

Great income possibilities with this Charming multi- family unit located near downtown Lapeer. This home has a 1 bedroom lower unit as well as a two bedroom upper unit. There is also a third unit in the front with two bedrooms set up town house style. Shared basement for all. Rehab in 2000 included new roof, new gutters, windows, trim, wiring and panel, furnaces, boiler valves, decks, railings, new concrete walk, new interior doors, updated kitchen, floors, carpet, and linoleum. In 2015 three new water heaters were installed. In 2018 unit 2 was updated with new flooring and new stove. There is a laundry hook up in basement and a laundry hook up in unit 1. House has passed recent city inspection. Units have separate gas and electric meters. All units are currently leased subject to tenants rights. Call today to schedule an appointment. BATVAI

Last Agent to Sell the Property

Tonya Byrnes

Coldwell Banker Professionals License #6501409199 Listed on: 07/12/2018

Coldwell Banker Professionals

Last Buyer's Agent

David Tietz

RE/MAX Plus License #6501382077

RE/MAX Plus

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1900 | Remodeled in 2000

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 51x201x50x201
  • Private Entrance

Home Design

  • Triplex
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,100 Sq Ft Home
  • 2-Story Property
  • Awning
  • Basement Fills Entire Space Under The House

Parking

  • On-Street Parking
  • Unassigned Parking

Eco-Friendly Details

  • ENERGY STAR/Reflective Roof

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Separate Meters
  • ENERGY STAR Qualified Water Heater
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 3 Units
  • City Of Lapeer Original Plat Subdivision

Listing and Financial Details

  • Assessor Parcel Number L205650004000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,509

Year Built

Built in 1900 | Remodeled in 2000

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 2 Story
  • Year Built: 1900
  • Year Renovated: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Type: Common
  • Sq Ft Combined: 2100
  • Total Sq Ft: 2100

Exterior Features

  • Roof Material: Asphalt, ENERGY STAR® Shingles
  • Foundation Details: Basement
  • Construction Materials: Vinyl, Wood
  • Exterior Features: Awning/Overhang(s), Private Entry
  • Foundation Materials: Stone
  • Frontage Feet: 51
  • Porch Type: Deck, Porch - Covered
  • Road Frontage Type: Paved, Pub. Sidewalk

Garage/Parking

  • MF Parking: On Street, Unassigned/General

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Hot Water, Radiant, Separate Meters
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: ENERGY STAR® Qualified Water Heater, Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Lapeer

Lot Info

  • List Price per Acre: 691304.3478
  • Lot Size Area: 0.23
  • Lot Dimensions: 51x201x50x201
  • Parcel Number: L205650004000
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1790

Tax Info

  • Tax Amount Summer: 1049.0000
  • Tax Amount Winter: 1460.0000
  • Total Tax: 2509.0000

Multi Family

  • Gross Scheduled Income: 21490.00
  • Number Of Units Total: 3
  • Unit Count: 3
  • Number of One Bedroom Units: 1
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 3

MLS Schools

  • School District: Lapeer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2018
Closed on
Oct 12, 2018
Sold by
Michael Roder
Bought by
Roder Real Estate Llc
Seller's Agent
Tonya Byrnes
Coldwell Banker Professionals
Buyer's Agent
David Tietz
RE/MAX Plus
List Price
$159,000
Sold Price
$155,000
Premium/Discount to List
-$4,000
-2.52%
Current Estimated Value
$252,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,534
Avg. Annual Appreciation
7.09%

Purchase Details

Listed on
Jul 12, 2018
Closed on
Aug 22, 2018
Sold by
Kos Management Llc
Bought by
Roder Michael
Seller's Agent
Tonya Byrnes
Coldwell Banker Professionals
Buyer's Agent
David Tietz
RE/MAX Plus
List Price
$159,000
Sold Price
$155,000
Premium/Discount to List
-$4,000
-2.52%

Purchase Details

Closed on
Jul 15, 2011
Sold by
Serota Kern O and Serota Jan
Bought by
Kos Management Llc

Purchase Details

Closed on
Feb 27, 1997
Sold by
Zigich Mark and Zigich Renee
Bought by
Serota Kern

Purchase Details

Closed on
Jul 19, 1993
Sold by
Campbell Janice
Bought by
Zigich Mark and Zigich Renee

Purchase Details

Closed on
Apr 1, 1990
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
Roder Real Estate Llc -- None Listed On Document
Roder Michael $155,000 New Title Company Name
Kos Management Llc -- --
Serota Kern $125,000 --
Zigich Mark $113,500 --
-- $101,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2018 08/13/18 Sold $155,000 -2.5% $74 / Sq Ft
07/17/2018 07/17/18 Pending -- -- --
07/12/2018 07/12/18 For Sale $159,000 -- $76 / 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
2025 $3,970 $115,500 $0 $0
2024 $1,634 $83,400 $0 $0
2023 $1,603 $81,700 $0 $0
2022 $3,744 $90,800 $0 $0
2021 $3,528 $80,000 $0 $0
2020 $3,486 $83,000 $0 $0
2019 $3,480 $73,800 $0 $0
2018 $2,560 $68,300 $68,300 $0
2017 $2,509 $62,000 $0 $0
2016 $2,491 $67,000 $67,000 $0
2015 -- $0 $0 $0
2014 -- $55,700 $55,700 $0
2013 -- $50,900 $50,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 218062926

Realcomp

APN: L20-56-500-040-00