NOT LISTED FOR SALE

725 Ormsby St Unit ORMSBY Adrian, MI 49221

Estimated Value: $137,000 - $173,000

-- Bed
-- Bath
1,865 Sq Ft
$82/Sq Ft Est. Value

Last Sold April 02, 2014

Last sale price $25,000 $13 Per Sq Ft

Est. 512% increase in value since last sale

Current estimated payment $1,132/month

201 Days on Market

About This Home

As of April 2014

DUPLEX IN ADRIAN SCHOOLS WITH A 2 CAR DETACHED GARAGE. UNIT 1 HAS 3 EDROOMS AND 2 FULL BATHS, UNIT 2 HAS 1 BEDROOM AND 1 FULL BATH.

Last Agent to Sell the Property

Mark Goedert

Goedert Real Estate - Adr License #LCAR-6502127023 & 6502127024 Listed on: 08/14/2013

Last Buyer's Agent

Steve Brandt

Xsell Realty License #LCAR-6502381234

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x130

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number XA0490100400

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Lenawee
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Total Tax Amount: 2755
  • Total Tax Year: 2013
  • Year Built: 1900
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Hardwood Floors
  • Basement Type: Full

Exterior Features

  • Construction: Vinyl Siding
  • Frontage: 66
  • Roads: Paved Street

Utilities

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

Lot Info

  • Assessor Parcel Number: XA0490100400
  • Lot Dimensions: 66X130
  • Acreage: 0.2
  • Lot Description: Sidewalks
  • Zoning: Residential

Tax Info

  • Summer Tax: Amount: $2,056.00
  • Winter Tax: Amount: $699.00
  • Total Tax: Year: 2013, Amount: $2,755.00

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Adrian City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2013
Closed on
Mar 27, 2014
Sold by
Fannie Mae
Bought by
Mefford Evan
Seller's Agent
Mark Goedert
Goedert Real Estate - Adr
Buyer's Agent
Steve Brandt
Xsell Realty
List Price
$53,900
Sold Price
$25,000
Premium/Discount to List
-$28,900
-53.62%
Current Estimated Value
$152,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,876
Avg. Annual Appreciation
16.78%

Purchase Details

Closed on
Mar 11, 2013
Sold by
Bank Of America Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Feb 28, 2013
Sold by
Duncan-Randolph Jacqueline L and Randolph Bobby J
Bought by
Bank Of America Na

Purchase Details

Closed on
Dec 29, 2004
Sold by
Boring Jason C and Boring Megan H
Bought by
Duncan Randolph Jaqueline L and Randolph Bobby L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,200
Interest Rate
5.9%
Mortgage Type
New Conventional
Source: Public Records

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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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
Mefford Evan $25,000 Multiple
Fannie Mae -- None Available
Bank Of America Na $104,311 None Available
Duncan Randolph Jaqueline L $109,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duncan Randolph Jaqueline L $87,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2014 04/02/14 Sold $25,000 -53.6% $13 / Sq Ft
03/03/2014 03/03/14 Pending -- -- --
08/14/2013 08/14/13 For Sale $53,900 -- $29 / 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 $3,921 $68,500 $0 $0
2024 $2,512 $63,800 $0 $0
2023 $3,120 $58,600 $0 $0
2022 $4,928 $54,000 $0 $0
2021 $2,489 $50,000 $0 $0
2020 $2,472 $47,300 $0 $0
2019 $112,785 $42,600 $0 $0
2018 $2,384 $49,928 $0 $0
2017 $2,316 $42,105 $0 $0
2016 $2,297 $40,112 $0 $0
2014 -- $41,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 20367369

Michigan Multiple Listing Service

APN: XA0-490-1004-00