NOT LISTED FOR SALE

Estimated Value: $1,945,938

17 Beds
17 Baths
4,372 Sq Ft
$445/Sq Ft Est. Value

Last Sold July 07, 2015

Last sale price $1,200,000 $274 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $13,154/month

35 Days on Market

Highlights

  • Balcony
  • Patio
  • 11 Car Garage
  • Bach Elementary School Rated A
  • Baseboard Heating
  • 4-minute walk to West Park

About This Home

As of July 2015

Terrific 8-unit brick multifamily with 11 car parking. Building features seven 2 bedroom/1 bath units and one 3 bedroom/2 bath duplex unit. Seller is looking to retire after 15 years of ownership. Features include private balconies and terraces, in-building laundry room and individual storage lockers. The property is located adjacent to West Park’s Huron Street entrance and is situated immediately west of the Ann Arbor YMCA and all of the restaurants and entertainment that Main Street has to offer.

Last Listed By

John Paul Wolfe

Greystone Realty License #6501338465 Listed on: 05/01/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1963

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 54x167

Home Design

  • Triplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 4,372 Sq Ft Home
  • 3-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 11 Car Garage
  • Assigned Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 090929215052

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,091

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Triplex
  • Architecture Level: 3 Story
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Cable Available, Laundry Facility
  • Total Bathrooms: 8.90
  • Full Bathrooms: 8
  • Half Bathrooms: 9
  • Basement: Yes
  • Basement Type: Common, Common Storage Locker
  • Sq Ft Combined: 4372
  • Total Sq Ft: 4372

Exterior Features

  • Foundation Details: Basement
  • Construction Materials: Brick
  • Foundation Materials: Brick/Mortar
  • Porch Type: Balcony, Patio
  • Road Frontage Type: Paved

Garage/Parking

  • Garage: Yes
  • MF Parking: Assigned Spaces
  • Total Parking Spaces: 11

Utilities

  • Heating Fuel: Natural Gas
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Sewer: Separate Meters, Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Ann Arbor

Lot Info

  • List Price per Acre: 6190476.1905
  • Lot Size Area: 0.21
  • Lot Dimensions: 54X167
  • Parcel Number: 090929215052
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Heat, Snow Removal, Water/Sewer, Yard Maintenance
  • Monthly Rental Income: 9030

Tax Info

  • Tax Amount Summer: 11950.0000
  • Tax Amount Winter: 3141.0000
  • Total Tax: 15091.0000

Multi Family

  • Gross Scheduled Income: 109320.00
  • Number Of Units Total: 8
  • Number of Three Bedroom Units: 1
  • Number of Two Bedroom Units: 7
  • Number Of Units Leased: 8

MLS Schools

  • School District: Ann Arbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2016
Sold by
Huron Miller Llc
Bought by
Parkside Apartments Llc
Total Days on Market
35
Current Estimated Value
$1,945,938

Purchase Details

Closed on
Oct 20, 2016
Sold by
Parkside Apertments Llc
Bought by
Huron Miller Llc

Purchase Details

Listed on
May 1, 2015
Closed on
Jul 15, 2015
Sold by
Parkside Apartments Llc
Bought by
Cbc Pa Llc
Seller's Agent
John Paul Wolfe
Greystone Realty
Buyer's Agent
John Paul Wolfe
Greystone Realty
List Price
$1,300,000
Sold Price
$1,200,000
Premium/Discount to List
-$100,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%

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
Parkside Apartments Llc -- None Available
Huron Miller Llc -- None Available
Cbc Pa Llc $133 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parkside Apartments Llc $14,500,000
Open Parkside Apartments Llc $28,500,000
Previous Owner 712 West Huron Llc $10,000,000
Previous Owner Parkside Apartments Llc $199,617
Previous Owner Parkside Apartments Llc $275,000
Previous Owner Parkside Apartments Llc $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2015 07/07/15 Sold $1,200,000 -7.7% $274 / Sq Ft
06/05/2015 06/05/15 Pending -- -- --
05/01/2015 05/01/15 For Sale $1,300,000 -- $297 / 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 $27,765 $698,000 $0 $0
2023 $25,638 $678,200 $0 $0
2022 $31,030 $605,500 $0 $0
2021 $30,153 $568,500 $0 $0
2020 $29,245 $562,200 $0 $0
2019 $27,857 $525,600 $525,600 $0
2018 $27,331 $481,900 $0 $0
2017 $26,366 $447,800 $0 $0
2016 $20,515 $415,200 $0 $0
2015 $15,091 $253,578 $0 $0
2014 $15,091 $245,655 $0 $0
2013 -- $245,655 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 215041701

Realcomp

APN: 09-29-215-052