NOT LISTED FOR SALE

740 N East Ave Jackson, MI 49202

Loomis Neighborhood

Estimated Value: $95,000 - $169,000

-- Bed
2 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold April 15, 2015

Last sale price $35,000

Est. 256% increase in value since last sale

Current estimated payment $802/month

10 Days on Market

About This Home

As of April 2015

EXCELLENT INCOME OPPORTUNITY..... This is a large 2-unit home in good condition that is city certified. This home has all the work done and is fully rented, bringing in solid income. Start making monthly income immediately in this great investment opportunity.

Last Agent to Sell the Property

Terry Anderson

ERA REARDON REALTY, L.L.C. License #6501308957 Listed on: 03/23/2015

Last Buyer's Agent

George Copp

ERA REARDON REALTY, L.L.C. License #6506044902

ERA REARDON REALTY, L.L.C.

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1920

Lot Details

  • 8,276

Home Design

  • Aluminum Siding

Additional Features

  • 8,276 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

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

Community Details

Overview

  • Murphy's Add Subdivision

Building Details

  • Operating Expense $7,838
  • Net Operating Income $19,480

Property Details

Home Type

Apartment

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 39900.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.4

Rental Info

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

Multi Family

  • Net Operating Income: 19479.85
  • Operating Expense: 7837.55

Tax Info

  • Tax Annual Amount: 1203.55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2016
Sold by
Boroughf John and Boroughf Sarah
Bought by
Crownline Properties Llc
Current Estimated Value
$124,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,000
Outstanding Balance
$315,138
Interest Rate
3.64%
Mortgage Type
Commercial
Estimated Equity
-$201,471

Purchase Details

Listed on
Mar 23, 2015
Closed on
Apr 17, 2015
Sold by
Georgianna Jones Revocable Trust
Bought by
Boroughf John R and Boroughf Sarah C
Seller's Agent
Terry Anderson
ERA REARDON REALTY, L.L.C.
Buyer's Agent
George Copp
ERA REARDON REALTY, L.L.C.
Sold Price
$35,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.91%

Purchase Details

Closed on
May 9, 2007
Sold by
Jones Robert J
Bought by
Jones Georgianna and Georgianna Jones Revocable Trust
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
Crownline Properties Llc -- Attorney
Boroughf John R $35,000 Bell Title Company
Jones Georgianna -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crownline Properties Llc $394,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2015 04/15/15 Sold $35,000 -- --
Source: Southwestern Michigan Association of REALTORS®

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 $1,697 $48,200 $0 $0
2024 $1,468 $38,900 $0 $0
2023 $1,408 $32,000 $0 $0
2022 $1,551 $29,800 $0 $0
2021 $1,535 $26,200 $0 $0
2020 $1,516 $24,450 $0 $0
2019 $1,475 $22,650 $0 $0
2018 $1,407 $20,700 $0 $0
2017 $1,290 $20,100 $0 $0
2016 $977 $17,500 $17,500 $0
2015 $1,204 $13,950 $13,950 $0
2014 $1,204 $19,400 $0 $0
2013 -- $19,400 $19,400 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Terry Anderson

    ERA REARDON REALTY, L.L.C.

  • George Copp

    Buyer's Agent in 2015

    George Copp

    ERA REARDON REALTY, L.L.C.

    (517) 474-2372

    1 in this area

    69 Total Sales

    George Copp
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21032777

Southwestern Michigan Association of REALTORS®

APN: 8-1607.1000

Michigan Jackson County Jackson 49202 Loomis

740 N East Ave, Jackson, MI

This home is located at 740 N East Ave, Jackson, MI 49202 since 23 March 2015 and is currently estimated at $124,667. This property was built in 1920. 740 N East Ave is a home located in Jackson County with nearby schools including Northeast Elementary School, Middle School at Parkside, and Jackson High 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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