NOT LISTED FOR SALE
3 Beds
3 Baths
-- Sq Ft
1925 Built

Sale Details

Date Sold: October 31, 2024

Last sale price $400,000

16 Days on Market

About This Home

As of October 2024

Shortage of Inventory? Not anymore! Get the perks of a three unit building at the price of a legal two unit! This two flat building with a finished garden/in-law unit is perfect for the savvy investor or an owner occupant looking to reside in one unit and cash-flow with the others! This building was renovated and purchased in 2022. The property is in great condition and all mechanicals and updates in the property are newer. Spacious units with hardwood floors throughout. Coin laundry in basement. Building has one unit vacant and also has tenants in the other units. Look no further for your next investment! Managed by professional management company.

Last Agent to Sell the Property

Pamela Mondane

A Progeny Global LLC License #475190892 Listed on: 09/10/2024

Last Buyer's Agent

Pamela Mondane

A Progeny Global LLC License #475190892 Listed on: 09/10/2024

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,165

Year Built

  • Built in 1925 | Remodeled in 2022

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Space is Owned

Schools

  • Simeon Career Academy High Schoo

Utilities

  • Forced Air Heating System
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,165

Year Built

Built in 1925 | Remodeled in 2022

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1925
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2022
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2022

Interior Features

  • Basement: Full, Walkout
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors,Walk-In Closet
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Central Air Conditioner,Hardwood Floors,Walk-In Closet

Exterior Features

  • Foundation Details: Brick/Mortar
  • Roof: Flat
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Lake Michigan, Public

Schools

  • High School: Simeon Career Academy High Schoo

Lot Info

  • Lot Dimensions: 3968 SQ. FT.
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 3164.89
  • Tax Year: 2023
  • Tax Exemptions: None

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

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

Listed on
Sep 10, 2024
Closed on
Oct 29, 2024
Sold by
Bought by
Seller's Agent
Pamela Mondane
A Progeny Global LLC
Buyer's Agent
Pamela Mondane
A Progeny Global LLC
List Price
$389,999
Sold Price
$400,000
Premium/Discount to List
$10,001
2.56%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,755
Outstanding Balance
$385,618
Interest Rate
6.75%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 25, 2022
Closed on
Apr 29, 2022
Sold by
Bought by
Seller's Agent
Oyabiyi Ajinaku
Coldwell Banker Realty
Buyer's Agent
Pamela Mondane
A Progeny Global LLC
List Price
$330,000
Sold Price
$335,000
Premium/Discount to List
$5,000
1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$268,000
Interest Rate
7.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2020
Sold by
Bought by

Purchase Details

Closed on
Jun 14, 2005
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
$180,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2003
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
$121,500
Interest Rate
5.71%
Mortgage Type
Commercial
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
$400,000 Fidelity National Title
$335,000 None Listed On Document
$141,000 Old Republic Title
$200,000 First American
$135,000 Stewart Title
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 $392,755
Previous Owner $268,000
Previous Owner $180,000
Previous Owner $121,500
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 Prior Sale
10/31/2024 10/31/24 Sold $400,000 +2.6% --
09/26/2024 09/26/24 Pending -- -- --
09/10/2024 09/10/24 For Sale $389,999 +16.4% --
04/30/2022 04/30/22 Sold $335,000 +1.5% -- View Prior Sale
03/25/2022 03/25/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $330,000 -- --
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 $3,165 $27,000 $1,984 $25,016
2024 $3,165 $27,000 $1,984 $25,016
2023 $3,085 $15,000 $2,976 $12,024
2022 $3,085 $15,000 $2,976 $12,024
2021 $3,016 $15,000 $2,976 $12,024
2020 $3,114 $13,979 $2,976 $11,003
2019 $3,121 $15,533 $2,976 $12,557
2018 $3,068 $15,533 $2,976 $12,557
2017 $3,837 $17,824 $2,579 $15,245
2016 $3,570 $17,824 $2,579 $15,245
2015 $3,266 $17,824 $2,579 $15,245
2014 $3,397 $18,308 $2,380 $15,928
2013 $3,330 $18,308 $2,380 $15,928
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12160800

Midwest Real Estate Data (MRED)
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