NOT LISTED FOR SALE

825 Summer St Algonac, MI 48001

Estimated Value: $183,000 - $189,261

2 Beds
2 Baths
1,596 Sq Ft
$116/Sq Ft Est. Value

Last Sold October 29, 2015

Last sale price $75,000 $47 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $1,038/month

80 Days on Market

Highlights

  • Porch
  • 1-Story Property
  • Garage
  • Patio
  • Forced Air Heating System
  • Private Entrance

About This Home

As of October 2015

Duplex with established renters on both sides... each unit received new gas furnaces last year as well as new roof. While each unit is a 1 bedroom the first unit utilized as 2 bedroom and has garage usage. Landlord pays watr, tenants pay gas and electric. Monthly rent totals $1,025. Landlord pays unit one occupant for exterior maintenance. Bi-annual city inspection completed. Located walking distance to riverfront park!

Last Agent to Sell the Property

Tom Soulliere

Sine & Monaghan Realtors Real Living LLC ALG License #6501251225 Listed on: 06/10/2015

Sine & Monaghan Realtors Real Living LLC ALG

Last Buyer's Agent

Jeff Gates

House Want Realty License #6502413510

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x120
  • Private Entrance

Parking

  • Garage

Home Design

  • Duplex
  • Block Foundation

Interior Spaces

  • 2 Full Bathrooms
  • 1,596 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Outdoor Features

  • Patio
  • Porch

Utilities

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

Community Details

  • 2 Units
  • Village Of Algonac Subdivision

Listing and Financial Details

  • Assessor Parcel Number 74011050074000
  • $5,000 Seller Concession

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 1 Story
  • Year Built: 9999
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Sq Ft Combined: 1596
  • Total Sq Ft: 1596

Exterior Features

  • Foundation Details: Crawl
  • Construction Materials: Aluminum
  • Exterior Features: Private Entry
  • Foundation Materials: Block
  • Frontage Feet: 60
  • Porch Type: Patio, Porch
  • Road Frontage Type: Paved
  • Sideof Street: S

Garage/Parking

  • Garage: Yes

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Electric, Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Algonac

Lot Info

  • List Price per Acre: 426470.5882
  • Lot Size Area: 0.17
  • Lot Dimensions: 60x120
  • Parcel Number: 74011050074000
  • Zone Conform: Yes
  • Zoning: Residential

Rental Info

  • Rent Includes: Water/Sewer
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 1025

Tax Info

  • Tax Amount Summer: 2369.0000
  • Tax Amount Winter: 102.0000
  • Total Tax: 2471.0000

Multi Family

  • Number Of Units Total: 2
  • Number of One Bedroom Units: 2
  • Number Of Units Leased: 2

MLS Schools

  • School District: Algonac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2015
Closed on
Nov 9, 2015
Sold by
Kerr Margery A and Kerr Living Trust
Bought by
Chase John
Seller's Agent
Tom Soulliere
Sine & Monaghan Realtors Real Living LLC ALG
Buyer's Agent
Jeff Gates
House Want Realty
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%
Current Estimated Value
$185,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,565
Avg. Annual Appreciation
9.61%
Original Mortgage
$75,000
Outstanding Balance
$59,473
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$126,092

Purchase Details

Closed on
Jan 12, 2015
Sold by
Kerr Margery A
Bought by
Kerr Living Trust

Purchase Details

Listed on
Sep 13, 2014
Closed on
Oct 15, 2014
Sold by
Kerr James S
Bought by
Kerr Margery A
Seller's Agent
Butch Rumenapp
Action Team Realty
Buyer's Agent
Butch Rumenapp
Action Team Realty
Sold Price
$450

Purchase Details

Closed on
Apr 19, 2013
Sold by
Sharrow Michael E
Bought by
Kerr James S and Kerr Margery A
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
Chase John $75,000 --
Kerr Living Trust -- None Available
Kerr Margery A -- None Available
Kerr James S -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chase John $75,000
Previous Owner Sharrow Edward $91,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2015 10/29/15 Sold $75,000 -6.1% $47 / Sq Ft
08/29/2015 08/29/15 Pending -- -- --
06/10/2015 06/10/15 For Sale $79,900 0.0% $50 / Sq Ft
10/03/2014 10/03/14 Rented $450 0.0% --
10/03/2014 10/03/14 Under Contract -- -- --
09/13/2014 09/13/14 For Rent $450 0.0% --
05/07/2014 05/07/14 Rented $450 0.0% --
05/01/2014 05/01/14 Under Contract -- -- --
03/21/2014 03/21/14 For Rent $450 0.0% --
11/27/2013 11/27/13 Rented $450 -99.1% --
11/26/2013 11/26/13 Under Contract -- -- --
10/15/2013 10/15/13 Sold $50,000 0.0% $50 / Sq Ft
10/11/2013 10/11/13 For Rent $500 0.0% --
04/10/2013 04/10/13 Pending -- -- --
03/21/2013 03/21/13 For Sale $59,900 -- $60 / 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
2025 $420 $81,500 $0 $0
2024 $420 $70,400 $0 $0
2023 $2,758 $65,400 $0 $0
2022 $2,827 $58,800 $0 $0
2021 $2,730 $56,000 $0 $0
2020 $1,416 $27,600 $0 $0
2019 $2,686 $51,100 $0 $0
2018 $2,638 $52,900 $0 $0
2017 $2,596 $48,100 $0 $0
2016 $2,441 $48,100 $0 $0
2015 -- $43,300 $10,600 $32,700
2014 -- $38,300 $10,600 $27,700
2013 -- $37,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 215059355

Realcomp

APN: 01-105-0074-000