NOT LISTED FOR SALE

Estimated Value: $112,802 - $166,000

3 Beds
2 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold June 15, 2015

Last sale price $60,000

Est. 127% increase in value since last sale

Current estimated payment $885/month

183 Days on Market

About This Home

As of June 2015

Upstairs tenant has rented for 14 years. Downstairs just redecorated. Recent City Certification. Attached garage with 1 space for each unit. Each unit includes stove/refrigerator.

Last Agent to Sell the Property

Bill White

C-21 Affiliated - Jackson License #6502348690 Listed on: 11/19/2014

Last Buyer's Agent

Mary Ann Bartus

Production Realty License #6501366538

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,347

Year Built

  • Built in 1940

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 109x44x109

Parking

  • Paved Parking

Home Design

  • Vinyl Siding

Utilities

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

Additional Features

  • Partial Basement
  • Mineral Rights

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $2,747
  • Gross Income $11,760
  • Net Operating Income $21,473

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,347

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1940
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 109x44x109
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 1347.08
  • Waterfront Options:Water Access YN: No Water Selection
  • General Property Info:Total _pound_ Units: 2
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Location Property Info:Subdivision2: None
  • Mineral Rights:Yes: Yes
  • Heat Type:Space Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 69900.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes
  • Sewer: Public Sewer

Association/Amenities

  • Association Info:Assoc Fee Payable: None

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 109x44x109
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Income: 11760.0
  • Net Operating Income: 21473.0
  • Number of Units Total: 2
  • Operating Expense: 2747.0

Tax Info

  • Tax Annual Amount: 1347.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2014
Closed on
Jun 15, 2015
Sold by
Brush Craig J and Brush Diane J
Bought by
Hodson Robert P and Hodson Diana L
Seller's Agent
Bill White
C-21 Affiliated - Jackson
Buyer's Agent
Mary Ann Bartus
Production Realty
Sold Price
$60,000
Current Estimated Value
$135,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,930
Avg. Annual Appreciation
8.16%
Original Mortgage
$42,000
Outstanding Balance
$29,076
Interest Rate
0.78%
Mortgage Type
New Conventional
Estimated Equity
$104,036
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
Hodson Robert P $60,000 Midstate Title Agency Of Sou
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hodson Robert P $42,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2015 06/15/15 Sold $60,000 -- --
05/21/2015 05/21/15 Pending -- -- --
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 $1,609 $45,000 $0 $0
2024 $1,392 $35,800 $0 $0
2023 $1,335 $33,000 $0 $0
2022 $1,471 $27,800 $0 $0
2021 $1,455 $22,050 $0 $0
2020 $1,437 $20,300 $0 $0
2019 $1,445 $21,950 $0 $0
2018 $1,378 $20,100 $0 $0
2017 $1,421 $22,150 $0 $0
2016 $1,247 $22,400 $22,400 $0
2015 $1,315 $17,350 $17,350 $0
2014 $1,315 $21,200 $21,200 $0
2013 -- $21,200 $21,200 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21035087

Southwestern Michigan Association of REALTORS®

APN: 3-129300000