NOT LISTED FOR SALE

625 Thayer St Flint, MI 48503

Estimated Value: $162,027

10 Beds
1 Bath
3,700 Sq Ft
$44/Sq Ft Est. Value

Last Sold January 12, 2015

Last sale price $85,000 $23 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,161/month

571 Days on Market

About This Home

As of January 2015

REDUCED!! 5 Total Units! 4 Unit Apartment building, a 2 bedroom rental house, plus a 65'x 162' extra lot included. Tenant Pays Utilities. Nothing In The Area Like It For The Money! Minutes away from Kettering College, University of Michigan Flint Campus, C.S. Mott College, and across the new Powers High School and the Michigan School for the Deaf. Easy access to downtown and expressways, and public transportation available. Fully rented, lots of updates...turn key business!

Last Listed By

Scott Reel

American Associates REALTORS License #FAAR-123476 Listed on: 03/29/2013

American Associates REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 68 x 157 x 68 x 158

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Finished Basement
  • Basement Window Egress

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Porch
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 40-13-402-014

Community Details

Overview

  • 5 Units
  • West Flint Subdivision

Building Details

  • Net Operating Income $22,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Originating MLS: East Central Association of REALTORS
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1924
  • Mail City: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Type: Egress/Daylight Windows, Finished
  • Bedrooms: 10
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Estimated Sq Ft: 3700

Exterior Features

  • Construction: Brick
  • Exterior Features: Porch
  • Frontage: 68
  • Foundation Type: Basement
  • Frontage Type: Road

Utilities

  • Water: Community
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 40-13-402-014
  • Lot Dimensions: 68 x 157 x 68 x 158
  • Acreage: 0.25

Rental Info

  • Landlord Pays: Water/Sewer

Tax Info

  • Summer Tax: Amount: $2,117.07
  • Winter Tax: Amount: $363.52
  • Total Tax: Amount: $2,480.59

Multi Family

  • Total Units: 5

MLS Schools

  • School District: Flint City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2013
Closed on
Jan 12, 2015
Sold by
Parks Daniel R and Parks Alexandra
Bought by
Peppertree Properties Llc
Seller's Agent
Scott Reel
American Associates REALTORS
Buyer's Agent
Non Member
Non-Member
List Price
$115,000
Sold Price
$85,000
Premium/Discount to List
-$30,000
-26.09%
Total Days on Market
571
Current Estimated Value
$162,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,027
Avg. Annual Appreciation
6.52%

Purchase Details

Closed on
Nov 22, 2010
Sold by
Parks Daniel Ray
Bought by
Parks Daniel Ray and Parks Alexandra Larae

Purchase Details

Closed on
Apr 12, 2004
Sold by
Lenderman Lindy R and Lenderman Nancy L
Bought by
Parks Daniel

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
Peppertree Properties Llc $85,000 Sargents Title Company
Parks Daniel Ray -- Sargents Title Company
Parks Daniel $55,000 Metropolitan Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2015 01/12/15 Sold $85,000 -26.1% $23 / Sq Ft
12/13/2014 12/13/14 Pending -- -- --
03/29/2013 03/29/13 For Sale $115,000 -- $31 / Sq Ft
Source: Michigan Multiple Listing Service

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 $3,096 $48,000 $0 $0
2023 $4,597 $45,300 $0 $0
2022 $0 $57,800 $0 $0
2021 $3,906 $52,600 $0 $0
2020 $3,531 $52,600 $0 $0
2019 $3,387 $52,600 $0 $0
2018 $3,573 $52,600 $0 $0
2017 $3,455 $0 $0 $0
2016 $3,425 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $38,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 30025278

Michigan Multiple Listing Service

APN: 40-13-402-014