NOT LISTED FOR SALE

Estimated Value: $422,492 - $520,000

5 Beds
3 Baths
1,620 Sq Ft
$285/Sq Ft Est. Value

Last Sold October 09, 2015

Last sale price $285,000 $176 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,816/month

81 Days on Market

Highlights

  • Lower Floor Utility Room
  • Fenced Yard
  • Patio
  • William Howard Taft High School Rated A-
  • 2 Car Detached Garage
  • 2-minute walk to Merrimac Park

About This Home

As of October 2015

PORTAGE PK MULTI-UNIT FRAME BLDG IN VERY NICE CONDITION. 3 UNITS RENTED PLUS INCOME FROM 2 CAR GARAGE & COIN-OP WASHER/DRYER. MODREN 1st FL HAS 2BR,1 BTH PLUS SUN RM. 2nd FL IS SMALLER, SIMPLER & HAS 2BR, 1BTH. LOVELY, LARGE GARDEN APT HAS 1BR,1BTH & HUGE EAT-IN KITCH. EACH APT HAS HARDWD FLRS & SEPARATE UTILITIES! GREAT FOR LIVE-IN OWNER/INVESTOR. TENANT OCCUPED.

Last Agent to Sell the Property

Charlene Caruso-Bartels

Berkshire Hathaway HomeServices KoenigRubloff Listed on: 04/22/2015

Last Buyer's Agent

Rene Mendoza

Core Realty & Investments Inc. License #475112555

Core Realty & Investments Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,318

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 30 x 125
  • Fenced Yard
  • Paved or Partially Paved Lot

Parking

  • 2 Car Detached Garage
  • Parking Included in Price

Home Design

  • Asphalt Roof

Interior Spaces

  • Lower Floor Utility Room
  • Storm Screens

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

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

Outdoor Features

  • Patio

Schools

  • Lane Technical High School

Utilities

  • Two Heating Systems
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,318

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1910
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Room Type: Utility Room-Lower Level
  • Basement Description: Finished,Exterior Access
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Patio, Storms/Screens
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Sep Heating Systems - 2+, Indv Controls
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • High School: LANE TECHNICAL HIGH SCHOOL

Lot Info

  • Lot Dimensions: 30 X 125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 4318
  • Tax Year: 2013
  • Tax Exemptions: None

Multi Family

  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2015
Closed on
Sep 17, 2015
Sold by
Parkway Bank & Trust Company
Bought by
Enriquez Armando and Demarrias Gwen J
Seller's Agent
Charlene Caruso-Bartels
Berkshire Hathaway HomeServices KoenigRubloff
Buyer's Agent
Rene Mendoza
Core Realty & Investments Inc.
List Price
$299,900
Sold Price
$285,000
Premium/Discount to List
-$14,900
-4.97%
Current Estimated Value
$461,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,623
Avg. Annual Appreciation
4.91%
Original Mortgage
$279,837
Outstanding Balance
$219,493
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$242,130

Purchase Details

Closed on
Sep 4, 2007
Sold by
Beatovic Kevin C and Haljean Richard P
Bought by
Parkway Bank & Trust Co and Trust #14418

Purchase Details

Closed on
Aug 26, 2003
Sold by
Miller Lawrence M and Miller Imee
Bought by
Beatovic Kevin C and Haljean Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,900
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 21, 2003
Sold by
Miller Lawrence M
Bought by
Miller Lawrence M and Miller Imee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
6%

Purchase Details

Closed on
Dec 27, 1993
Sold by
Miller Alan D and Miller Lawrence M
Bought by
Miller Lawrence M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,800
Interest Rate
7.35%
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 Buyer Sale Price Title Company
Enriquez Armando $285,000 Saturn Title
Parkway Bank & Trust Co -- None Available
Beatovic Kevin C $301,000 First American
Miller Lawrence M -- Chicago Title Insurance Co
Miller Lawrence M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Enriquez Armando $279,837
Previous Owner Beatovic Kevin C $270,900
Previous Owner Miller Lawrence M $119,200
Previous Owner Miller Lawrence M $128,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2015 10/09/15 Sold $285,000 -1.7% $176 / Sq Ft
07/12/2015 07/12/15 Pending -- -- --
07/04/2015 07/04/15 Price Changed $289,900 -3.3% $179 / Sq Ft
04/22/2015 04/22/15 For Sale $299,900 -- $185 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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 $4,786 $33,861 $13,125 $20,736
2023 $4,644 $26,000 $10,500 $15,500
2022 $4,644 $26,000 $10,500 $15,500
2021 $4,559 $26,000 $10,500 $15,500
2020 $4,966 $25,394 $4,687 $20,707
2019 $5,044 $28,533 $4,687 $23,846
2018 $4,958 $28,533 $4,687 $23,846
2017 $4,353 $23,597 $4,125 $19,472
2016 $4,726 $23,597 $4,125 $19,472
2015 $4,519 $24,660 $4,125 $20,535
2014 $4,405 $23,741 $3,750 $19,991
2013 $4,318 $23,741 $3,750 $19,991
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08899159

Midwest Real Estate Data (MRED)

APN: 13-17-311-016-0000