NOT LISTED FOR SALE

79801 Main St Memphis, MI 48041

Estimated Value: $351,387

6 Beds
4 Baths
3,200 Sq Ft
$110/Sq Ft Est. Value

Last Sold August 22, 2012

Last sale price $124,900 $39 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $2,315/month

306 Days on Market

Highlights

  • 2.48 Acre Lot
  • 1-Story Property
  • Private Entrance
  • Memphis Elementary School Rated 9+
  • Forced Air Heating System

About This Home

As of August 2012

All block 4 unit ranch on 2.48 ACRES. $1900 a month in rents. All seperate utilities. Very well kept and highly updated w/ceramic tiled baths and oak kitchens. 10x25 block storage building attached. unit 1-2 bedroom (same tenant since 2003) Unit 2-1 bedroom (Same tenanat since 2001) Unit 3-1 bedroom (current tenant moving out soon) Unit 4-2 bedroom (current tenant since 2009) LAND CONTRACT TERMS ARE NEGOTIABLE

Last Agent to Sell the Property

D Mark Romano

Temporary Inactive Users License #6501218485 Listed on: 09/21/2011

Last Buyer's Agent

D Mark Romano

Temporary Inactive Users License #RCO-6501218485

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 2.48 Acre Lot
  • Lot Dimensions are 185x585
  • Private Entrance

Home Design

  • Quadruplex
  • Slab Foundation

Interior Spaces

  • 4 Full Bathrooms
  • 3,200 Sq Ft Home
  • 1-Story Property

Parking

  • 10 Parking Spaces
  • Lighted Parking
  • Paved Parking
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Mcguires Addition Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0302331004

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 1 Story
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Sq Ft Combined: 3200
  • Total Sq Ft: 3200

Exterior Features

  • Foundation Details: Slab
  • Exterior Features: Private Entry
  • Frontage Feet: 185
  • Road Frontage Type: Paved

Garage/Parking

  • MF Parking: Assigned Spaces, Lighted, Paved
  • Total Parking Spaces: 10

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Septic Tank (Existing)
  • Water Heater Fuel: Natural Gas
  • Water Source: Well (Existing)
  • Laundry Facilities: No

Schools

  • School District: Memphis

Lot Info

  • List Price per Acre: 50363.0000
  • Lot Size Area: 2.48
  • Lot Dimensions: 185X585
  • Parcel Number: 0302331004
  • Zone Conform: Yes
  • Zoning: Multi-Family
  • Homestead Percent: 0 Percent

Rental Info

  • Deposit Amount: 28000.00
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1900

Tax Info

  • Tax Amount Summer: 2241.0000
  • Tax Amount Winter: 2424.0000
  • Total Tax: 4665.0000

Multi Family

  • Gross Scheduled Income: 22800.00
  • Number Of Units Total: 4
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 2
  • Number Of Units Leased: 4

MLS Schools

  • School District: Memphis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2017
Sold by
Moran Lynn K and Moran Ryan
Bought by
M 19 Apartments Llc
Current Estimated Value
$351,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Outstanding Balance
$87,705
Interest Rate
3.82%
Mortgage Type
Commercial
Estimated Equity
$263,682

Purchase Details

Listed on
Sep 21, 2011
Closed on
Aug 1, 2012
Sold by
Mentco Properties Inc
Bought by
Moran Lynn K and Moran Ryan
Seller's Agent
D Mark Romano
Temporary Inactive Users
Buyer's Agent
D Mark Romano
Temporary Inactive Users
List Price
$139,900
Sold Price
$124,900
Premium/Discount to List
-$15,000
-10.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.21%
Source: Public Records

Range of Values:

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Average Value
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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
M 19 Apartments Llc -- None Available
Moran Lynn K $124,900 Visionary Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open M 19 Apartments Llc $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2012 08/22/12 Sold $124,900 0.0% $39 / Sq Ft
08/02/2012 08/02/12 Sold $124,900 -10.7% $39 / Sq Ft
07/23/2012 07/23/12 Pending -- -- --
06/10/2012 06/10/12 Pending -- -- --
09/21/2011 09/21/11 For Sale $139,900 0.0% $44 / Sq Ft
09/01/2011 09/01/11 For Sale $139,900 -- $44 / 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
2025 $5,427 $92,200 $0 $0
2024 $4,973 $92,200 $0 $0
2023 $4,903 $92,200 $0 $0
2022 $5,099 $92,200 $0 $0
2021 $4,986 $86,800 $0 $0
2020 $4,286 $82,300 $0 $0
2019 $4,742 $82,300 $0 $0
2018 $4,742 $82,300 $0 $0
2017 $4,746 $82,300 $54,100 $28,200
2016 $4,642 $82,300 $0 $0
2015 -- $82,300 $0 $0
2010 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2012

    D Mark Romano

    Temporary Inactive Users

  • Dominic Mark Romano

    Seller's Agent in 2012

    Dominic Mark Romano

    Realty Executives

    (586) 292-6765

    167 Total Sales

    Dominic Mark Romano
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Map

Source: Realcomp

MLS Number: 211100780

Realcomp

APN: 04-03-02-331-004

Michigan Macomb County Memphis 48041

79801 Main St, Memphis, MI

This home is located at 79801 Main St, Memphis, MI 48041 since 21 September 2011 and is currently estimated at $351,387, approximately $109 per square foot. This property was built in 1960. 79801 Main St is a home located in Macomb County with nearby schools including Memphis Elementary School and Memphis Junior/Senior High School.

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Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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