NOT LISTED FOR SALE

709 Riverside Ave Adrian, MI 49221

Adrian Area

Estimated Value: $779,717

Studio
-- Bath
5,145 Sq Ft
$152/Sq Ft Est. Value

Sale Details

Date Sold: January 22, 2014

Last sale price $330,000 $64 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $5,175 / mo

96 Days on Market

Highlights

  • Patio
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of January 2014

VERY WELL MAINTAINED 10 UNIT APARTMENT COMPLEX LOCATED CLOSE TO HOSPITAL AND SCHOOLS. 8 - 1 BR UNITS AND 2 - 2 BR UNITS.

Last Agent to Sell the Property

James Palmer

The VanEtten Company License #LCAR-6502365333 Listed on: 09/18/2013

Last Buyer's Agent

James Palmer

The VanEtten Company License #LCAR-6502365333 Listed on: 09/18/2013

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 25,700 Sq Ft Lot
  • Lot Dimensions are 123x211x123x211

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Crawl Space

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Gas Water Heater
  • Internet Available

Community Details

  • 10 Units
  • Net Operating Income $32,207

Listing and Financial Details

  • Assessor Parcel Number XA00285-0028-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.59 Acres

Listing Details

  • Originating MLS: Lenawee
  • Class: MULTIFAMILY
  • Type Of Property: Multi-Family
  • Structure Style: 1 Story
  • Total Tax Amount: 9778.78
  • Total Tax Year: 2013
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: Cable/Internet Avail.

Exterior Features

  • Construction: Brick
  • Exterior Features: Patio
  • Frontage: 123
  • Foundation Type: Crawl
  • Roads: Paved Street

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: XA00285-0028-00
  • Lot Dimensions: 123x211x123x211
  • Acreage: 0.59
  • Lot Description: Sidewalks
  • Zoning: Multi-Family
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Taxes, Trash Removal
  • Total Expenses: 12883

Tax Info

  • Summer Tax: Amount: $7,001.60
  • Winter Tax: Amount: $2,777.18
  • Total Tax: Year: 2013, Amount: $9,778.78

Multi Family

  • Total Units: 10

MLS Schools

  • School District: Adrian City School District

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2013
Closed on
Jan 22, 2014
Sold by
Bought by
Seller's Agent
James Palmer
The VanEtten Company
Buyer's Agent
James Palmer
The VanEtten Company
List Price
$390,000
Sold Price
$330,000
Premium/Discount to List
-$60,000
-15.38%
Current Estimated Value
$779,717

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,717
Avg. Annual Appreciation
7.07%
Original Mortgage
$280,000
Outstanding Balance
$205,911
Interest Rate
4.42%
Mortgage Type
Commercial
Estimated Equity
$573,806

Purchase Details

Closed on
May 1, 2006
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Adrian, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$330,000 American Title Co Of Lenawee
$410,000 American Title Company Of Le
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $280,000
Previous Owner $70,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/22/2014 01/22/14 Sold $330,000 -15.4% $64 / Sq Ft
12/23/2013 12/23/13 Pending -- -- --
09/18/2013 09/18/13 For Sale $390,000 -- $76 / Sq Ft
Source: Michigan Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $10,781 $203,500 $0 $0
2025 $7,876 $193,100 $0 $0
2024 $77 $208,200 $0 $0
2023 $9,949 $192,200 $0 $0
2022 $9,565 $176,600 $0 $0
2021 $9,395 $157,200 $0 $0
2020 $9,334 $150,600 $0 $0
2019 $535,889 $172,400 $0 $0
2018 $11,329 $184,831 $0 $0
2017 $11,005 $186,947 $0 $0
2016 $10,916 $180,202 $0 $0
2014 -- $172,300 $0 $0
Source: Public Records

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20374298

Michigan Multiple Listing Service

APN: XA0-285-0028-00

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