NOT LISTED FOR SALE
13 Beds
6 Baths
-- Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: April 8, 2014

Last sale price $35,000

14 Days on Market

About This Home

As of April 2014

Approved short sale, at spectacular price. Fast, fast, fast response and closing. High current rental income potential. 3 vacancies and 1 unit rented. Needs Work As-Is, As-Seen. Common heat, long term tenants. Make your appointment today.

Last Agent to Sell the Property

Mark Alleman

Alleman & Alleman Realty License #471013590 Listed on: 02/10/2014

Last Buyer's Agent

Dona Crane

EXIT Strategy Realty License #475108288

EXIT Strategy Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1905

Lot Details

  • 4,792

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 13 Potential Bedrooms
  • 6 Bathrooms

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • 4,792 Sq Ft Lot

Community Details

Overview

  • 4 Units
  • 4 Unit

Building Details

  • Gross Income $43,800
  • Net Operating Income $36,025

Property Details

Home Type

Multi-Family

Year Built

Built in 1905

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1905
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: Yes
  • Special Features: 12
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 6
  • Total Bedrooms: 13
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking: None

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Fee Information

  • Other Expenses $: 7775

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 5040
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric,Gas

Multi Family

  • Net Operating Income: 36025
  • GrossIncome: 43800
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat,4 Story Unit/s

Tax Info

  • Tax Annual Amount: 3152.93
  • Tax Year: 2011

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

Closed on
Jun 6, 2019
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
$224,741
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 10, 2014
Closed on
Apr 8, 2014
Sold by
Bought by
Seller's Agent
Mark Alleman
Alleman & Alleman Realty
Buyer's Agent
Dona Crane
EXIT Strategy Realty
List Price
$85,000
Sold Price
$35,000
Premium/Discount to List
-$50,000
-58.82%

Purchase Details

Closed on
Jan 5, 2006
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
$256,000
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 25, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$229,000 Stewart Title Company
$35,000 1St American Title
-- Multiple
$139,500 --
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 $387,006
Closed $224,741
Previous Owner $256,000
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
04/08/2014 04/08/14 Sold $35,000 -58.8% --
02/24/2014 02/24/14 Pending -- -- --
02/10/2014 02/10/14 For Sale $85,000 -- --
Source: Midwest Real Estate Data (MRED)

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 $3,798 $27,000 $2,520 $24,480
2024 $3,798 $27,000 $2,520 $24,480
2023 $3,702 $18,000 $3,780 $14,220
2022 $3,702 $18,000 $3,780 $14,220
2021 $3,620 $18,000 $3,780 $14,220
2020 $3,665 $16,451 $3,780 $12,671
2019 $3,714 $18,485 $3,780 $14,705
2018 $3,651 $18,485 $3,780 $14,705
2017 $4,010 $18,627 $3,276 $15,351
2016 $3,731 $18,627 $3,276 $15,351
2015 $3,413 $18,627 $3,276 $15,351
2014 $3,074 $16,566 $3,024 $13,542
2013 $3,013 $16,566 $3,024 $13,542
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08533428

Midwest Real Estate Data (MRED)
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