NOT LISTED FOR SALE

7280 N Genesee Rd Genesee, MI 48437

Estimated Value: $391,200

19 Beds
20 Baths
10,400 Sq Ft
$38/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $292,554 $28 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,249/month

158 Days on Market

About This Home

As of November 2020

ROCK SOLID, ONE-OF-A-KIND INVESTMENT OPPORTUNITY!! 13 RESIDENTIAL UNITS, 2 COMMERCIAL UNITS, LOCATED IN THE HEART OF GENESEE. $17,000 IN ELECTRICAL UPDATING. MANY INTERIOR AND EXTERIOR IMPROVEMENTS, LONG TERM TENANTS, GREAT POTENTIAL FOR GROWTH. UNUSED COMMERCIAL SPACE HAS THE POTENTIAL FOR $2500-$3000 IN RENTS. $8000/MONTHLY INCOME POTENTIAL. CALL FOR MORE DETAILS.

Last Agent to Sell the Property

John Cotter

KW Domain License #6501337682 Listed on: 03/13/2020

KW Domain

Last Buyer's Agent

Non Participant

Non Realcomp Office License #RCO

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 1.48 Acre Lot
  • Lot Dimensions are 170.00x380.00

Home Design

  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 10,400 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 28 Parking Spaces
  • Paved Parking
  • Unassigned Parking

Utilities

  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1111100068

Community Details

Overview

  • 15 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Level: 2 Story
  • Assessment: 1022.1
  • Year Built: 1950
  • State Equalized Value: 151900.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 15.50
  • Full Bathrooms: 15
  • Half Bathrooms: 5
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 10400
  • Total Sq Ft: 10400
  • Sq Ft Total Bsmt: 2000

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick, Wood
  • Foundation Materials: Block
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Paved, Unassigned/General
  • Total Parking Spaces: 28

Utilities

  • Heating Fuel: Natural Gas
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric
  • Water Source: Well (Existing)
  • Laundry Facilities: No

Schools

  • School District: Genesee

Lot Info

  • List Price per Acre: 270270.2703
  • Lot Size Area: 1.48
  • Lot Dimensions: 170.00X380.00
  • Parcel Number: 1111100068
  • Zoning: Multi-Family

Rental Info

  • Legal Rental Certified: Yes
  • Monthly Rental Income: 7925

Tax Info

  • Tax Amount Summer: 1763.0000
  • Tax Amount Winter: 9285.0000
  • Total Tax: 11048.0000
  • Taxable Value: 151900.0000

Multi Family

  • Gross Scheduled Income: 95100.00
  • Number Of Units Total: 15
  • Unit Count: 5
  • Number of Efficiency Units: 2
  • Number of Loft Units: 2
  • Number of One Bedroom Units: 3
  • Number of Three Bedroom Units: 2
  • Number of Two Bedroom Units: 5
  • Number Of Units Leased: 12

MLS Schools

  • School District: Genesee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Nov 13, 2020
Sold by
Bodke Sujay
Bought by
Sg Group Realty Llc
Seller's Agent
John Cotter
KW Domain
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$450,000
Sold Price
$292,554
Premium/Discount to List
-$157,446
-34.99%
Current Estimated Value
$391,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,646
Avg. Annual Appreciation
5.52%
Original Mortgage
$146,277
Outstanding Balance
$131,642
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$246,370

Purchase Details

Listed on
Sep 15, 2017
Closed on
Aug 30, 2018
Sold by
Titus Land Development 1 Llc
Bought by
Bodke Sujay
Seller's Agent
Valentin Avasiloaie
ERA Prime Real Estate Group
Buyer's Agent
John Cotter
KW Domain
List Price
$299,900
Sold Price
$300,000
Premium/Discount to List
$100
0.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.13%

Purchase Details

Closed on
Jun 2, 2005
Sold by
Myers Gerald D and Myers Beverly W
Bought by
Titus Land Development #1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,660
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2004
Sold by
Bora Daniel T and Bora Silvia
Bought by
Titus Land Development #1 Llc

Purchase Details

Closed on
Mar 25, 2004
Sold by
Myers Gerald D and Myers Beverly W
Bought by
Bora Daniel T and Bora Daniel

Purchase Details

Closed on
May 1, 2003
Sold by
Engelmann Berniece I and Berniece I Engelmann Trust
Bought by
Myers Gerald D
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
Sg Group Realty Llc $292,554 None Available
Bodke Sujay $299,000 None Available
Titus Land Development #1 Llc $350,000 Cislo Title Co
Myers Gerald D $200,000 Cislo Title Company
Titus Land Development #1 Llc -- --
Bora Daniel T -- Sargents Title Company
Myers Gerald D -- Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sg Group Realty Llc $146,277
Previous Owner Titus Land Development #1 Llc $250,000
Previous Owner Myers Gerald D $222,660
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2020 11/13/20 Sold $292,554 -26.9% $28 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
07/07/2020 07/07/20 Price Changed $400,000 -11.1% $38 / Sq Ft
03/13/2020 03/13/20 For Sale $450,000 +50.0% $43 / Sq Ft
08/30/2018 08/30/18 Sold $300,000 0.0% $29 / Sq Ft
08/02/2018 08/02/18 For Sale $299,900 0.0% $29 / Sq Ft
07/12/2018 07/12/18 Pending -- -- --
07/07/2018 07/07/18 Price Changed $299,900 -9.1% $29 / Sq Ft
06/06/2018 06/06/18 Price Changed $329,900 -5.7% $32 / Sq Ft
11/19/2017 11/19/17 Price Changed $349,900 -7.7% $34 / Sq Ft
10/13/2017 10/13/17 Price Changed $379,000 -5.0% $36 / Sq Ft
09/15/2017 09/15/17 For Sale $399,000 -- $38 / Sq Ft
Source: Realcomp

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 $2,071 $184,800 $0 $0
2023 $1,976 $176,100 $0 $0
2022 $11,101 $166,300 $0 $0
2021 $11,046 $158,300 $0 $0
2020 $1,792 $157,300 $0 $0
2019 $1,763 $151,900 $0 $0
2018 $8,501 $164,900 $0 $0
2017 $8,972 $162,500 $0 $0
2016 $8,902 $107,500 $0 $0
2015 $10,297 $164,400 $0 $0
2014 $1,958 $171,300 $0 $0
2012 -- $165,000 $28,200 $136,800
Source: Public Records

Agents Affiliated with this Home

  • John Cotter

    Seller's Agent in 2020

    John Cotter

    KW Domain

    (248) 662-8106

    1 in this area

    114 Total Sales

    John Cotter
    Section Image

  • N

    Buyer's Agent in 2020

    Non Participant

    Non Realcomp Office

  • U

    Buyer's Agent in 2020

    Unidentified Agent

    Unidentified Office

  • Valentin Avasiloaie

    Seller's Agent in 2018

    Valentin Avasiloaie

    ERA Prime Real Estate Group

    (734) 644-9900

    28 Total Sales

    Valentin Avasiloaie
    Section Image
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Map

Source: Realcomp

MLS Number: 2200021267

Realcomp

APN: 11-11-100-068

Michigan Genesee County Genesee Township

7280 N Genesee Rd, Genesee Township, MI

This home is located at 7280 N Genesee Rd, Genesee, MI 48437 since 13 March 2020 and is currently estimated at $391,200, approximately $37 per square foot. This property was built in 1950. 7280 N Genesee Rd is a home located in Genesee County with nearby schools including Richfield Early Learning Center, St. Mark Lutheran School, and Holy Rosary Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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