NOT LISTED FOR SALE

68368 Oak St Richmond, MI 48062

Estimated Value: $204,000 - $217,000

4 Beds
2 Baths
1,342 Sq Ft
$156/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $145,000 $108 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,550/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • 1 Car Detached Garage
  • Will L. Lee School Rated A-
  • Corner Lot
  • Porch

About This Home

As of July 2021

Good investment opportunity - duplex has been well-maintained by owner - seller is offering land contract terms - corner lot with separate driveways - current leases are month to month - gas & electric are separate - water bill is split - each unit has private entrance - live in one half, use the income from the second unit to help make your payment - stove & refrigerator included for both units - Michigan basement has hookups for separate laundries - lower unit has use of garage - upper unit has use of shed - 24 hour notice to show

Last Agent to Sell the Property

Susan Foster

Coldwell Banker Professionals License #MISPE-6506041442 Listed on: 06/01/2021

Coldwell Banker Professionals

Last Buyer's Agent

Zijad Begovic

EXP Realty Main License #6501417626

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1918

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 61 x 98
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Colonial Architecture

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Basement
  • Michigan Basement
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Shed
  • Porch

Utilities

  • Forced Air Heating System
  • Space Heater
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units
  • Assessor's Plat #6 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 50070601156001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,056

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Sub Structure Types: Shed
  • Total Tax Amount: 3056
  • Total Tax Year: 2020
  • Year Built: 1918
  • Mail City: Richmond
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Hardwood Floors
  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: MI Basement
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Formal Dining Room
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 1342

Exterior Features

  • Exterior Features: Porch
  • Frontage: 61
  • Sideof Street: S
  • Foundation Type: Basement
  • Roads: Paved Street

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 1

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Ceiling Fan(s)
  • Fuel Type: Natural Gas
  • Heating System: Forced Air, Space Heater
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 50070601156001
  • Location: Corner Lot
  • Lot Dimensions: 61 x 98
  • Acreage: 0.14
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $2,982.00
  • Winter Tax: Year: 2020, Amount: $74.00
  • Total Tax: Year: 2020, Amount: $3,056.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Richmond Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Aug 12, 2021
Sold by
Pap Iosif and Pap Andra
Bought by
Pap Iosif and Pap Andra
Seller's Agent
Susan Foster
Coldwell Banker Professionals
Buyer's Agent
Zijad Begovic
EXP Realty Main
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%
Current Estimated Value
$208,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,683
Avg. Annual Appreciation
9.29%
Original Mortgage
$116,000
Outstanding Balance
$106,085
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$102,598

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jul 14, 2021
Sold by
Puja Kraciun and Puja Floaria
Bought by
Pap Iosif and Pap Andra
Seller's Agent
Susan Foster
Coldwell Banker Professionals
Buyer's Agent
Zijad Begovic
EXP Realty Main
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Outstanding Balance
$106,085
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$102,598
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
Pap Iosif -- University Title Agency
Pap Iosif $145,000 Ata National Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pap Iosif $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2021 07/14/21 Sold $145,000 -2.7% $108 / Sq Ft
06/08/2021 06/08/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $149,000 -- $111 / 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
2025 $4,950 $99,200 $0 $0
2024 $4,786 $88,900 $0 $0
2023 $4,559 $76,500 $0 $0
2022 $4,559 $69,600 $0 $0
2021 $3,069 $68,300 $0 $0
2020 $2,845 $63,100 $0 $0
2019 $2,845 $57,900 $0 $0
2018 $2,783 $49,500 $0 $0
2017 $0 $43,700 $10,500 $33,200
2016 $2,636 $43,700 $0 $0
2015 -- $43,000 $0 $0
2013 $2,495 $39,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Susan Foster

    Seller's Agent in 2021

    Susan Foster

    Coldwell Banker Professionals

    (586) 727-2741

    29 in this area

    63 Total Sales

    Section Image

  • Z

    Buyer's Agent in 2021

    Zijad Begovic

    EXP Realty Main

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50043697

Michigan Multiple Listing Service

APN: 07-06-01-156-001

Michigan Macomb County Richmond 48062

68368 Oak St, Richmond, MI

This home is located at 68368 Oak St, Richmond, MI 48062 since 01 June 2021 and is currently estimated at $208,683, approximately $155 per square foot. This property was built in 1918. 68368 Oak St is a home located in Macomb County with nearby schools including Will L. Lee School, Richmond Middle School, and Richmond Community High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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