NOT LISTED FOR SALE

6718 Academy Dr Brighton, MI 48116

Estimated Value: $645,165

11 Beds
7.5 Baths
4,806 Sq Ft
$134/Sq Ft Est. Value

Last Sold September 27, 2022

Last sale price $570,000 $119 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,866/month

24 Days on Market

Highlights

  • 152 Feet of Waterfront
  • 1.59 Acre Lot
  • Colonial Architecture
  • Spencer Road Elementary School Rated A
  • Lake Privileges
  • Patio

About This Home

As of September 2022

Multiple offers received as of 8/16/22, sellers request all offers (or updated offers) be received by 3:00 pm on 8/17/22. FANTASTIC INVESTOR OPPORTUNITY in BRIGHTON! 6 individual rental cottages, all with Island Lake access & 3 with lake views to all sports Island Lake. Dock provides tenants access to sandy bottom lake frontage. Property is adjacent to a 4,000-acre playground called Island Lake State Park with lakes, rivers, fishing, beaches, lakes, trails and outdoor fun. Each cottage has its own heating source. Some maintenance required for repairs or updating. 3 miles or less to major shopping, freeways and Kensington Metropark. Great for organizations or investors. Immediate income upon purchase. Beautiful views and lake privileges. Offers subject to rights of tenants, purchaser assumes leases which are currently month-to-month. Property income listed is actual for 3 units that are occupied. Sewer assessment will be paid off at closing. Landlord pays all utilities, 3 gas meters and 4 electric meters. One well services all units, well was new in 2011 per county records. Cash, commercial loan or private financing will work for this one. Seller is MOTIVATED.

Last Agent to Sell the Property

Lisa Bohlen

Preview Properties PC License #6502392303 Listed on: 07/25/2022

Preview Properties PC

Last Buyer's Agent

Steve Oaks

RE/MAX Classic License #RCO-6501269921

RE/MAX Classic

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1934

Lot Details

  • 1.59 Acre Lot
  • Lot Dimensions are 199x433x152x249x275
  • 152 Feet of Waterfront
  • Lake Front

Parking

  • 15 Parking Spaces

Home Design

  • Colonial Architecture
  • 2-Story Property
  • Bungalow
  • Slab Foundation
  • Asphalt Roof
  • Log Siding

Interior Spaces

  • 4,806 Sq Ft Home
  • Crawl Space

Outdoor Features

  • Lake Privileges
  • Patio
  • Playground

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Propane

Listing and Financial Details

  • Assessor Parcel Number 1604300005

Community Details

Overview

  • 6 Units

Recreation

  • Water Sports

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,668

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow, Colonial, Ranch
  • Architecture Level: 2 Story
  • Assessment: 1063.00; last installment of 10 year sewer assessment
  • Year Built: 1934
  • State Equalized Value: 295600.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 7.10
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Sq Ft Combined: 4806
  • Total Sq Ft: 4806

Exterior Features

  • Roof Material: Asphalt
  • Waterfront Name: Island Lake
  • Waterfront: Yes
  • Foundation Details: Crawl, Slab
  • Construction Materials: Aluminum, Log, Wood
  • Exterior Features: Playground
  • Frontage Feet: 199
  • Porch Type: Patio
  • Road Frontage Type: Gravel
  • Sideof Street: W
  • Water Frontage Feet: 152.00
  • Waterfront Description: Direct Water Frontage, Lake Front, Lake Privileges, Water Front

Garage/Parking

  • Total Parking Spaces: 15

Utilities

  • Heating Fuel: Natural Gas, Propane
  • Heating: Baseboard, Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary), Septic Tank (Existing)
  • Water Source: Well (Existing)

Schools

  • School District: Brighton

Lot Info

  • Lot Size Area: 1.59
  • Lot Dimensions: 199x433x152x249x275
  • Parcel Number: 1604300005
  • Zoning: Residential

Rental Info

  • Rent Includes: Heat, Electric, Water/Sewer, Snow Removal, Trash Collection, Water
  • Monthly Rental Income: 1850

Tax Info

  • Tax Amount Summer: 5675.0000
  • Tax Amount Winter: 3993.0000
  • Total Tax: 9668.0000
  • Taxable Value: 187108.0000

Multi Family

  • Waterfront Features: All Sports Lake, DIRFRT
  • Gross Scheduled Income: 22200.00
  • Number Of Units Total: 6
  • Unit Count: 5
  • Number of One Bedroom Units: 3
  • Number of Three Bedroom Units: 2
  • Number of Two Bedroom Units: 1
  • Number Of Units Leased: 3

MLS Schools

  • School District: Brighton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2022
Closed on
Sep 27, 2022
Sold by
Wysocki Raymond and Wysocki Gwenn E
Bought by
Filipovic Hana
Seller's Agent
Lisa Bohlen
Preview Properties PC
Buyer's Agent
Steve Oaks
RE/MAX Classic
List Price
$675,000
Sold Price
$570,000
Premium/Discount to List
-$105,000
-15.56%
Views
4
Current Estimated Value
$645,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,165
Avg. Annual Appreciation
4.16%

Purchase Details

Closed on
Feb 6, 1995
Sold by
Terlecky Mary J
Bought by
Wysocki Raymond and Wysocki Gwenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
10%
Mortgage Type
Commercial
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
Filipovic Hana $570,000 Ata National Title Group
Wysocki Raymond $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wysocki Raymond $178,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2022 09/27/22 Sold $570,000 -4.2% $119 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
08/08/2022 08/08/22 Price Changed $595,000 -11.9% $124 / Sq Ft
07/25/2022 07/25/22 For Sale $675,000 -- $140 / 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 $17,339 $386,500 $0 $0
2024 $9,767 $337,900 $0 $0
2023 $9,316 $303,300 $0 $0
2022 $9,667 $252,000 $0 $0
2021 $9,667 $295,600 $0 $0
2020 $9,600 $257,200 $0 $0
2019 $9,469 $252,000 $0 $0
2018 $9,327 $224,800 $0 $0
2017 $9,198 $243,400 $0 $0
2016 $9,169 $241,400 $0 $0
2014 $9,855 $169,100 $0 $0
2012 $9,855 $194,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20221021177

Realcomp

APN: 16-04-300-005