NOT LISTED FOR SALE

8031 E Lippincott Blvd Davison, MI 48423

Estimated Value: $363,150 - $409,000

6 Beds
4 Baths
2,880 Sq Ft
$135/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $325,000 $113 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,328/month

9 Days on Market

Highlights

  • Deck
  • Covered patio or porch
  • Ceiling Fan
  • Gates Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • 8 Car Garage

About This Home

As of February 2022

Incredible investment opportunity with this beautiful duplex. Each unit features 3 bedrooms, 1 full bath and 1 half bath. Large kitchen with plenty of cabinet and counter space. Cozy living room area, extra space in the unfinished basement and first floor laundry. Two car attached garage with direct access for each side. Davison School District. Conveniently located near restaurants and shopping. 2013: New windows throughout entire duplex; 2014: New Sump pumps and back up; 2015: New Carpet (8035); 2016: New Vinyl Siding; 2017: Extra Wide Concrete Driveways; 2018: Iron Zapper installation; 2018: New furnace (8031); 2020: Remodeled main bathroom (8031). Kitchen appliances are included except for stainless steel fridge. Washer and dryer not included.

Last Listed By

Leila Modetz

EXP Realty Main License #6501410042 Listed on: 01/21/2022

EXP Realty Main

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1990

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 122.00x209.00
  • Fenced

Parking

  • 8 Car Garage

Home Design

  • Duplex
  • Wood Foundation
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Unfinished Basement
  • Sump Pump

Outdoor Features

  • Deck
  • Covered patio or porch
  • Exterior Lighting

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Sewer in Street
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 0517300005
  • $10,000 Seller Concession

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,127

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 1990
  • State Equalized Value: 138400.0000
  • Foundation Features: Sump Pump
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable Available, High Spd Internet Avail, Laundry Facility
  • Total Bathrooms: 2.20
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement: Yes
  • Basement Type: Unfinished, Private
  • Sq Ft Combined: 2880
  • Total Sq Ft: 2880
  • Sq Ft Total Bsmt: 1440

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Basement
  • Construction Materials: Vinyl
  • Exterior Features: Lighting, Fenced
  • Foundation Materials: Wood
  • Frontage Feet: 122
  • Porch Type: Porch - Covered, Deck, Porch, Covered
  • Road Frontage Type: Paved
  • Fencing: Fenced

Garage/Parking

  • MF Parking: Garage, Paved
  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Ceiling Fan(s), Central Air, Separate Meter
  • Heating: Forced Air
  • Sewer: Sewer at Street
  • Water Heater Fuel: Natural Gas
  • Water Source: Well (Existing)
  • Laundry Facilities: Yes

Schools

  • School District: Davison

Lot Info

  • Lot Size Area: 0.58
  • Lot Dimensions: 122.00X209.00
  • Parcel Number: 0517300005
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer, Snow Removal, Trash Collection, Water, Yard Maintenance
  • Monthly Rental Income: 2500

Tax Info

  • Tax Amount Summer: 976.0000
  • Tax Amount Winter: 4151.0000
  • Total Tax: 5127.0000
  • Taxable Value: 84523.0000

Multi Family

  • Gross Scheduled Income: 30000.00
  • Number Of Units Total: 2
  • Unit Count: 1
  • Number of Three Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Davison

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2022
Closed on
Feb 20, 2022
Sold by
Clcf Investments Llc
Bought by
Thomas Matthew and Thomas Tamara
Seller's Agent
Leila Modetz
EXP Realty Main
Buyer's Agent
Tamara Thomas
The Brokerage Real Estate Enthusiasts
List Price
$340,000
Sold Price
$325,000
Premium/Discount to List
-$15,000
-4.41%
Total Days on Market
9
Current Estimated Value
$389,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,288
Avg. Annual Appreciation
5.73%
Original Mortgage
$246,400
Outstanding Balance
$232,262
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$157,026

Purchase Details

Closed on
Feb 16, 2013
Sold by
Novak Keith and Novak Laura M
Bought by
Clcf Investments Llc

Purchase Details

Listed on
May 11, 2012
Closed on
Jul 20, 2012
Sold by
Shipley Kenneth C and Shipley Jean
Bought by
Novak Keith and Novak Laura M
Seller's Agent
Shawn Rowden
REMAX Platinum Fenton
Buyer's Agent
Michelle Plunkett
Red Carpet Keim Action Group 1
List Price
$149,900
Sold Price
$142,000
Premium/Discount to List
-$7,900
-5.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%

Purchase Details

Closed on
Feb 7, 2007
Sold by
Smilkovich Vasco and Smilkovich Julia
Bought by
Deutsche Bank Trust Co Americas and Equifirst Mortgage Loan Trust 2004-2

Purchase Details

Closed on
Mar 23, 1999
Sold by
Smilkovich and Julia
Bought by
Equity Funding Inc

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
Thomas Matthew $325,000 Liberty Title
Clcf Investments Llc -- None Available
Novak Keith $142,000 Sargents Title Company
Deutsche Bank Trust Co Americas $170,000 None Available
Equity Funding Inc $10,317 --
Equity Funding Inc $169,327 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Matthew D $246,400
Closed Thomas Matthew $246,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $325,000 -4.4% $113 / Sq Ft
02/17/2022 02/17/22 Price Changed $340,000 0.0% $118 / Sq Ft
02/17/2022 02/17/22 For Sale $340,000 -2.9% $118 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
01/30/2022 01/30/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $349,999 +146.5% $122 / Sq Ft
07/20/2012 07/20/12 Sold $142,000 -5.3% $49 / Sq Ft
06/20/2012 06/20/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $149,900 -- $52 / 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
2024 $1,785 $164,900 $0 $0
2023 $1,703 $148,000 $0 $0
2022 $5,285 $143,600 $0 $0
2021 $5,256 $138,400 $0 $0
2020 $965 $138,400 $0 $0
2019 $949 $107,600 $0 $0
2018 $4,608 $98,300 $0 $0
2017 $4,454 $98,300 $0 $0
2016 $4,383 $94,000 $0 $0
2015 -- $86,400 $0 $0
2012 -- $74,000 $74,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220003797

Realcomp

APN: 05-17-300-005