NOT LISTED FOR SALE

Estimated Value: $462,000 - $544,000

4 Beds
1 Bath
-- Sq Ft
0.27 Acres

Last Sold May 30, 2013

Last sale price $238,000

Est. 111% increase in value since last sale

Current estimated payment $3,851/month

111 Days on Market

About This Home

As of May 2013

This home is located at 701 Newport Place, Ann Arbor, MI 48103 since 08 February 2013 and is currently estimated at $501,286. This property was built in 1961. 701 Newport Place is a home located in Washtenaw County with nearby schools including Haisley Elementary School, Slauson Middle School, and Skyline High School.

Last Agent to Sell the Property

Martha Smith

Martha Smith Homes, Inc License #6502389820 Listed on: 02/08/2013

Last Buyer's Agent

Linda Lombardini

Trillium Real Estate License #6501255870

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,722

Year Built

  • Built in 1961

Lot Details

  • 0.27

Additional Features

  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 85 x 140

Community Details

  • 2 Units
  • Laundry Facilities
  • Gross Income $25,030

Listing and Financial Details

  • Tenant pays for electric, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,722

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1961
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:Lot Dimensions: 85 x 140
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5722.0
  • Tax Info:Zoning3: R1C
  • General Property Info:Total _pound_ Units: 2
  • Substructure:Full: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Block
  • List Price: 250000.0

Lot Info

  • Lot Dimensions: 85 x 140
  • Zoning Description: R1C

Rental Info

  • Tenant Pays: Electric, Water

Multi Family

  • Gross Income: 25030.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5722.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2017
Sold by
701 Newport Pl Llc
Bought by
Zervoudakis Emmanuel Nestor and Peacock Jillian Ann
Current Estimated Value
$501,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,977
Outstanding Balance
$237,019
Interest Rate
4.32%
Mortgage Type
VA
Estimated Equity
$246,355

Purchase Details

Closed on
Apr 29, 2014
Sold by
Wojtkowiak Audrey
Bought by
701 Newport Pl Llc

Purchase Details

Listed on
Feb 8, 2013
Closed on
May 31, 2013
Sold by
Ouimet Group Llc
Bought by
Wojtkowiak Audrey
Seller's Agent
Martha Smith
Martha Smith Homes, Inc
Buyer's Agent
Linda Lombardini
Trillium Real Estate
List Price
$250,000
Sold Price
$238,000
Premium/Discount to List
-$12,000
-4.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$178,500
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2003
Sold by
Ouimet Mark and Hrozencik Donna
Bought by
Ouimet Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
5.81%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 1, 2003
Sold by
Ouimet Mark C and Hrozencik Donna S
Bought by
Ouimet Group Llc

Purchase Details

Closed on
May 24, 1996
Sold by
May F Schmit Trst
Bought by
Ouimet Mark C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
8.05%
Mortgage Type
New Conventional
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
Zervoudakis Emmanuel Nestor $278,000 Livingston Title Agency
701 Newport Pl Llc -- None Available
Wojtkowiak Audrey $238,000 Liberty Title
Ouimet Group Llc -- Liberty Title Agency
Ouimet Mark -- Liberty Title Agency
Ouimet Group Llc -- --
Ouimet Mark C $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zervoudakis Emmanuel Nestor $283,977
Previous Owner Wojtkowiak Audrey $178,500
Previous Owner Ouimet Mark $199,500
Previous Owner Ouimet Mark C $115,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2013 05/30/13 Sold $238,000 -4.8% --
05/30/2013 05/30/13 Pending -- -- --
02/08/2013 02/08/13 For Sale $250,000 -- --
Source: Southwestern Michigan Association of REALTORS®

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 $13,283 $221,100 $0 $0
2024 $10,833 $201,100 $0 $0
2023 $10,305 $197,300 $0 $0
2022 $10,162 $153,100 $0 $0
2021 $10,378 $198,200 $0 $0
2020 $7,754 $176,800 $0 $0
2019 $7,380 $149,300 $149,300 $0
2018 $7,366 $147,600 $0 $0
2017 $5,768 $136,300 $0 $0
2016 $7,137 $115,345 $0 $0
2015 $6,443 $115,000 $0 $0
2014 $6,443 $98,406 $0 $0
2013 -- $98,406 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23063193

Southwestern Michigan Association of REALTORS®

APN: 09-19-414-037