NOT LISTED FOR SALE

7280 N Genesee Rd Genesee, MI 48437

Genesee Area

Estimated Value: $401,724

19 Beds
20 Baths
10,400 Sq Ft
$39/Sq Ft Est. Value

Sale Details

Date Sold: November 13, 2020

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

Est. 37% increase in value since last sale

Current estimated payment $2,360 / mo

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

Real Broker, LLC Birmingham License #6501337682 Listed on: 03/13/2020

Real Broker, LLC Birmingham

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

1.48 Acres

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
  • Total Sq Ft: 10400

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

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
  • Number of Efficiency Units: 2
  • Number of Loft Units: 2

MLS Schools

  • School District: Genesee

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
Mar 13, 2020
Closed on
Nov 13, 2020
Sold by
Bought by
Seller's Agent
John Cotter
Real Broker, LLC Birmingham
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
$401,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,170
Avg. Annual Appreciation
5.76%
Original Mortgage
$146,277
Interest Rate
0.028%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Sep 15, 2017
Closed on
Aug 30, 2018
Sold by
Bought by
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
Bought by

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
0.0582%
Mortgage Type
Commercial

Purchase Details

Closed on
May 14, 2004
Sold by
Bought by

Purchase Details

Closed on
Mar 25, 2004
Sold by
Bought by

Purchase Details

Closed on
May 1, 2003
Sold by
Bought by
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

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
$292,554 None Available
$299,000 None Available
$200,000 Cislo Title Company
$350,000 Cislo Title Co
-- --
-- Sargents Title Company
-- Lawyers Title
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 $146,277
Previous Owner $250,000
Previous Owner $222,660
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 Prior Sale
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 View Prior Sale
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

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
2025 $2,127 $194,100 $0 $0
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

    Real Broker, LLC Birmingham

    (248) 662-8106

    81 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

    15 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

7280 N Genesee Rd, Genesee, MI

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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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