NOT LISTED FOR SALE

Estimated Value: $670,322 - $746,000

6 Beds
6 Baths
-- Sq Ft
5,053 Sq Ft Lot

Last Sold June 28, 2024

Last sale price $660,000

Est. 7% increase in value since last sale

Current estimated payment $3,792/month

Highlights

  • New Construction
  • Fenced Yard
  • Intercom
  • Whirlpool Bathtub
  • 2 Car Detached Garage
  • Patio

About This Home

As of June 2024

UNDER CONSTRUCTION!!! This stunning new construction 3-unit property is being built on an extra wide lot. The property will feature 2 bedrooms, 2 bathrooms and separate living/dining rooms on each floor along with off-white designer kitchen cabinets, a large peninsula, quartz counter, stainless appliances and hardwood floors throughout. There will be a 2-car garage and one additional parking. Great investment opportunity! ETA for completion June, 2024.

Last Agent to Sell the Property

Marika Kakhiani

Pedestal Realty LLC License #471020101 Listed on: 02/20/2024

Last Buyer's Agent

Lawrence Dunning

Fulton Grace Realty License #475164126

Fulton Grace Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,016

Year Built

  • Built in 2024 | New Construction

Lot Details

  • Lot Dimensions are 37 x 130
  • Fenced Yard

Parking

  • 2 Car Detached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 6 Bathrooms
  • Whirlpool Bathtub

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Cable TV Available

Additional Features

  • Ceiling Fan
  • Patio

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,016

Year Built

Built in 2024 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: Yes
  • Year Built: 2024
  • Age: NEW Under Construction
  • Built Before 1978 (Y/N): No
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable, Intercom, CO Detectors, Ceiling Fan(s), Sump Pump
  • Basement Description: Finished
  • Bathroom Amenities: Whirlpool
  • Below Grade Bedrooms: 0

Exterior Features

  • ExteriorFeatures: Patio
  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Brick,Frame

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 3
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 37 X 130
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Year: 2021
  • 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
Feb 20, 2024
Closed on
Jun 28, 2024
Sold by
Gt Alternatives Llc
Bought by
Malladi Somasekharam
Seller's Agent
Marika Kakhiani
Pedestal Realty LLC
Buyer's Agent
Lawrence Dunning
Fulton Grace Realty
List Price
$660,000
Sold Price
$660,000
Views
8
Current Estimated Value
$708,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,161
Avg. Annual Appreciation
5.44%
Original Mortgage
$462,000
Outstanding Balance
$456,882
Interest Rate
7.38%
Mortgage Type
New Conventional
Estimated Equity
$251,279

Purchase Details

Closed on
Feb 5, 2024
Sold by
Yarbrough Karen A
Bought by
Gt Alternatives Llc

Purchase Details

Closed on
Sep 25, 1998
Sold by
Thomas Willie Ruth and Rodgers Betty
Bought by
Thomas Willie Ruth
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Malladi Somasekharam $660,000 Fidelity National Title
Gt Alternatives Llc -- None Listed On Document
Thomas Willie Ruth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malladi Somasekharam $462,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $660,000 0.0% --
02/20/2024 02/20/24 Pending -- -- --
02/20/2024 02/20/24 For Sale $660,000 -- --
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 $1,016 $6,084 $6,084 --
2023 $991 $4,817 $4,817 --
2022 $991 $4,817 $4,817 $0
2021 $968 $4,816 $4,816 $0
2020 $960 $4,309 $4,309 $0
2019 $866 $4,309 $4,309 $0
2018 $851 $4,309 $4,309 $0
2017 $818 $3,802 $3,802 $0
2016 $762 $3,802 $3,802 $0
2015 $697 $3,802 $3,802 $0
2014 $2,418 $15,599 $3,549 $12,050
2013 $2,359 $15,599 $3,549 $12,050
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11985985

Midwest Real Estate Data (MRED)

APN: 16-08-207-011-0000