NOT LISTED FOR SALE

801 Lafayette Ave Bay City, MI 48708

Estimated Value: $85,000 - $110,804

5 Beds
3 Baths
2,285 Sq Ft
$43/Sq Ft Est. Value

Last Sold February 23, 2018

Last sale price $48,000 $21 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $632/month

138 Days on Market

About This Home

As of February 2018

3 units that are city certified through the end of 2018! Shingle updated 09/2017 new flooring and other updates have been done through the years. All but 4 windows have been replaced. Water heater is only a year old and heater has been serviced regularly. Units are all nice size and rent fairly easily. Seller is ready to let someone else have the opportunity to own this income producing building. It has 2-two bedroom apts and 1-one bedroom apt. Always been a great rental. Appliances stay w apartments.

Last Agent to Sell the Property

Carrie Dahn

Berkshire Hathaway HomeServices, Bay City License #BCRA-6506045378 Listed on: 09/28/2017

Berkshire Hathaway HomeServices, Bay City

Last Buyer's Agent

Bill Jaynes

RE/MAX Results License #BCRA-6501395379

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $119

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 110 x 40

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Oven or Range

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement
  • Block Basement Construction

Utilities

  • Forced Air Heating System

Community Details

  • 5 Units
  • Net Operating Income $17,400

Listing and Financial Details

  • Assessor Parcel Number 160-033-127-003-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$119

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Originating MLS: Bay County REALTOR Association
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator
  • Basement: Yes
  • Basement Type: Block, Full, MI Basement

Exterior Features

  • Construction: Wood
  • Frontage: 110
  • Frontage Type: Road

Utilities

  • Water: Public Water
  • Heating System: Forced Air
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 160-033-127-003-00
  • Lot Dimensions: 110 X 40
  • Acreage: 0.1
  • Zoning: Mixed Use
  • Geo Subdivision: MI

Rental Info

  • Total Expenses: 4231

Tax Info

  • Summer Tax: Year: 2017, Amount: $1,205.00
  • Winter Tax: Year: 2016, Amount: $118.00

Multi Family

  • Total Units: 5

MLS Schools

  • School District: Bay City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2017
Closed on
Feb 23, 2018
Sold by
Andrews Robert E and Andrews Jason R
Bought by
Alpha Observer Llc
Seller's Agent
Carrie Dahn
Berkshire Hathaway HomeServices, Bay City
Buyer's Agent
Bill Jaynes
RE/MAX Results
List Price
$57,900
Sold Price
$48,000
Premium/Discount to List
-$9,900
-17.1%
Current Estimated Value
$98,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,201
Avg. Annual Appreciation
9.77%

Purchase Details

Closed on
Sep 17, 2013
Sold by
Warner Arlene and Branum Gary R
Bought by
Andrews Robert E and Andrews Jason R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,500
Interest Rate
4.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 1994
Sold by
Spencer Nikki A
Bought by
Branum Gary and Branum Arlene
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
Alpha Observer Llc $48,000 Title Re Sources Agency
Andrews Robert E $29,900 None Available
Branum Gary $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Andrews Robert E $24,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2018 02/23/18 Sold $48,000 -17.1% $21 / Sq Ft
02/13/2018 02/13/18 Pending -- -- --
09/28/2017 09/28/17 For Sale $57,900 -- $25 / Sq Ft
Source: Bay County Realtor® Association MLS

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 $1,418 $33,350 $0 $0
2024 $1,236 $27,800 $0 $0
2023 $1,177 $26,150 $0 $0
2022 $1,703 $23,700 $0 $0
2021 $1,434 $22,100 $22,100 $0
2020 $1,262 $19,500 $19,500 $0
2019 $1,239 $18,600 $0 $0
2018 $1,300 $18,000 $0 $0
2017 $1,292 $17,850 $0 $0
2016 $1,300 $19,300 $0 $19,300
2015 $2,457 $19,500 $0 $19,500
2014 $2,457 $20,650 $0 $20,650
Source: Public Records

Agents Affiliated with this Home

  • Carrie Dahn

    Seller's Agent in 2018

    Carrie Dahn

    Berkshire Hathaway HomeServices, Bay City

    (989) 892-8888

    67 in this area

    164 Total Sales

    Carrie Dahn
    Section Image
  • Bill Jaynes

    Buyer's Agent in 2018

    Bill Jaynes

    RE/MAX Michigan

    (989) 233-7501

    38 in this area

    62 Total Sales

    Bill Jaynes
    Section Image
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Map

Source: Bay County Realtor® Association MLS

MLS Number: 2171878

Bay County Realtor® Association MLS

APN: 09-160-033-127-003-00

Michigan Bay County Bay City 48708

801 Lafayette Ave, Bay City, MI

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