NOT LISTED FOR SALE

720 N Albion St Albion, MI 49224

Estimated Value: $67,000 - $121,000

5 Beds
2 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold December 20, 2019

Last sale price $28,000

Est. 244% increase in value since last sale

Current estimated payment $588/month

42 Days on Market

About This Home

As of December 2019

Located on the west side of the City of Albion, this two unit property is ready for it's new investor. One unit fully renovated and ready to rent. One partially renovated. Home has newer furnace and water heater. Property is located in Albion/Marshall public schools and is across the street from a large park with playground. This rental property should run an investment CAP Rate of over 30%. A GREAT BUY. Contact a REALTOR to schedule your private tour.

Last Agent to Sell the Property

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 10/25/2019

Last Buyer's Agent

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012 Listed on: 10/25/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $679

Year Built

  • Built in 1910

Lot Details

  • 5,663

Home Design

  • Wood Siding

Additional Features

  • 5,663 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • Sheridan Park Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • The owner pays for water, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$679

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 27900.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5662.8

Rental Info

  • Owner Pays: Water, Gas
  • Tenant Pays: Electricity, Trash Collection

Tax Info

  • Tax Annual Amount: 679.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2019
Closed on
Dec 20, 2019
Sold by
Real Estate Liquidation Enterprise Llc
Bought by
Sea Kevin
Seller's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Buyer's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Sold Price
$28,000
Current Estimated Value
$96,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,192
Avg. Annual Appreciation
23.58%

Purchase Details

Listed on
Jul 3, 2018
Closed on
Aug 1, 2018
Sold by
Alhalmi Ali Abudullah
Bought by
Real Estate Liquidation Enterprise Llc
Seller's Agent
Jimmy Criteser
RE/MAX Perrett Associates
Buyer's Agent
Nonmember Agent
Non Member
List Price
$20,900
Sold Price
$13,500
Premium/Discount to List
-$7,400
-35.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.36%

Purchase Details

Closed on
Mar 16, 2011
Sold by
Mothana Maean Ahmed Saleh and Muthana Ahmed Saleh
Bought by
Alhalmi Ali Abudullah

Purchase Details

Closed on
Aug 2, 2001
Sold by
Word William
Bought by
Mothana Maean As
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
Sea Kevin $28,000 None Available
Real Estate Liquidation Enterprise Llc $13,500 Devon Title
Alhalmi Ali Abudullah $13,000 None Available
Mothana Maean As $13,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2019 12/20/19 Sold $28,000 +107.4% --
12/06/2019 12/06/19 Pending -- -- --
08/17/2018 08/17/18 Sold $13,500 -35.4% -- View Prior Sale
08/03/2018 08/03/18 Pending -- -- --
07/03/2018 07/03/18 For Sale $20,900 -- --
Source: MichRIC

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 $1,000 $37,600 $0 $0
2024 $489 $34,800 $0 $0
2023 $860 $28,100 $0 $0
2022 $444 $23,600 $0 $0
2021 $834 $17,000 $0 $0
2020 $833 $12,800 $0 $0
2019 $438 $13,200 $0 $0
2018 $438 $12,000 $4,800 $7,200
2017 $0 $11,500 $0 $0
2016 $0 $10,600 $0 $0
2015 -- $11,500 $0 $0
2014 -- $12,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21035052

MichRIC

APN: 51-011-641-00