NOT LISTED FOR SALE

7532 E C Ave Richland, MI 49083

Estimated Value: $215,000 - $352,000

Studio
-- Bath
-- Sq Ft
4.2 Acres Lot

Sale Details

Date Sold: September 15, 2020

Last sale price $145,000

Est. 99% increase in value since last sale

Current estimated payment $1,629 / mo

8 Days on Market

Highlights

  • 4.2 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Thomas M. Ryan Intermediate School Rated A-

About This Home

As of September 2020

Richland 2 Family 4.2 acres 3632 square feet 2 stall garage, Priced below assessed value, this property is a excellent investment/ owner occupant, unit one has a office/game room on the lower level, with 2+ bedrooms bath and attached garage, extensive storage separate utilities ,second unit 2 bedroom 1 bath, both tenants are month to month, floor plan is extensive and numerous bedrooms and baths could be added for increase in rents. Owner is motivated all reasonable offers will be considered.

Last Agent to Sell the Property

John Schlundt-Bodien

Greenridge Realty (Summit) Listed on: 08/18/2020

Last Buyer's Agent

Madison Lukeman

Lukeman Group LLC License #6501378321

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,169

Year Built

  • Built in 1958

Lot Details

  • 4.2 Acre Lot
  • The property's road front is unimproved
  • Flag Lot

Parking

  • 8 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Propane
  • Well
  • Septic System

Community Details

  • 2 Units
  • Insurance Expense $800

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,169

Year Built

Built in 1958

Lot Details

4.2 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 154900.0
  • Lot Features: Flag Lot
  • Number of Buildings: 1
  • Road Surface Type: Unimproved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Propane
  • Water Source: Well

Lot Info

  • Lot Size Acres: 4.2
  • Lot Size Area: 4.2
  • Lot Size Sq Ft: 182952.0
  • Zoning Description: A-1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 800.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3169.03
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2023
Sold by
Shepard Scott and Shepard Christina
Bought by
Lockshore Llc
Current Estimated Value
$288,871

Purchase Details

Listed on
Aug 18, 2020
Closed on
Sep 15, 2020
Sold by
Brink Brett
Bought by
Shepard Scott and Shepard Christina
Seller's Agent
John Schlundt-Bodien
Greenridge Realty (Summit)
Buyer's Agent
Madison Lukeman
Lukeman Group LLC
List Price
$154,900
Sold Price
$145,000
Premium/Discount to List
-$9,900
-6.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%

Purchase Details

Closed on
Jul 20, 2007
Sold by
Brink Thomas and Brink Sheryl
Bought by
Brink Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2006
Sold by
Fairmont Properties Llc
Bought by
Brink Thomas
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
Lockshore Llc $200,000 None Listed On Document
Shepard Scott $145,000 Chicago Title Of Mi Inc
Brink Brett $125,000 Lighthouse Title
Brink Thomas $80,000 Devon Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brink Brett $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2020 09/15/20 Sold $145,000 -6.4% --
08/26/2020 08/26/20 Pending -- -- --
08/18/2020 08/18/20 For Sale $154,900 -- --
Source: MichRIC

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 $1,301 $121,500 $0 $0
2024 $1,264 $117,800 $0 $0
2023 $999 $98,800 $0 $0
2022 $4,446 $88,600 $0 $0
2021 $4,429 $87,700 $0 $0
2020 $3,318 $84,500 $0 $0
2019 $3,169 $81,500 $0 $0
2018 $3,097 $72,500 $0 $0
2017 $0 $70,300 $0 $0
2016 -- $68,300 $0 $0
2015 -- $62,300 $0 $0
2014 -- $60,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 20033668

MichRIC

APN: 03-16-201-018

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