Foundation Realty, LLCLicense #LCAR-6502365496Listed on: 06/07/2019
Property Details
Home Type
Multi-Family
Est. Annual Taxes
Year Built
Built in 1890
Lot Details
6,098 Sq Ft Lot
Lot Dimensions are 87x87
Corner Lot
Parking
3 Car Parking Spaces
Bedrooms and Bathrooms
7 Bedrooms
3 Full Bathrooms
Basement
Michigan Basement
Utilities
Forced Air Heating System
Separate Meters
Gas Water Heater
Community Sewer or Septic
Community Details
3 Units
Listing and Financial Details
Assessor Parcel Number XA0-515-0002-00
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$1,572
Year Built
Built in 1890
Lot Details
0
Listing Details
Originating MLS: Lenawee County Association of REALTORS
Class: MULTIFAMILY
Type: 1 To 4 Units
Type Of Property: Multi-Family
Structure Style: More Than 2 Stories
Year Built: 1890
Mail City: Adrian
Special Features: None
Property Sub Type: MultiFamily
Interior Features
Basement: Yes
Basement Type: MI Basement, Outside Entrance
Bedrooms: 7
Bathroom Description: First Flr Bath Lav/Half, Second Flr Bath Lav/Half
Full Bathrooms: 3
Total Bathrooms: 3
Source of Sq Ft: Assessors Data
Estimated Sq Ft: 2976
Exterior Features
Frontage: 87
Sideof Street: S
Foundation Type: Basement
Roads: City/County
Garage/Parking
Parking: 3 Or More Spaces
Utilities
Water: Community
Water Heater: Gas
Fuel Type: Natural Gas
Heating System: Forced Air
Separate Electric: Yes
Separate Gas: Yes
Separate Heat: Yes
Sewer/Septic System: Community
Lot Info
Assessor Parcel Number: XA0-515-0002-00
Location: Corner Lot
Lot Dimensions: 87x87
Acreage: 0.14
Zoning: Multi-Family
Geo Subdivision: MI
Rental Info
Landlord Pays: Trash Removal, Water/Sewer
Tax Info
Summer Tax: Year: 2018, Amount: $1,137.27
Winter Tax: Year: 2018, Amount: $434.96
Taxable Value: 25816
Total Tax: Year: 2018, Amount: $1,572.23
SEV Year: 2019
Multi Family
Total Units: 3
MLS Schools
School District: Adrian City School District
Ownership History
DateNameOwned ForOwner Type
Jun 2019 - PresentBachman Brandon T and Laferve William J5 Years and 11 Months
Private Individual
Purchase Details
Listed on
Jun 7, 2019
Closed on
Jun 7, 2019
Sold by
Jeffrey Investments Llc
Bought by
Bachman Brandon T and Laferve William J
Seller's Agent
Marcia Randall
Foundation Realty, LLC
Buyer's Agent
Mark Baker
Foundation Realty, LLC
List Price
$85,000
Sold Price
$81,500
Premium/Discount to List
-$3,500
-4.12%
Current Estimated Value
$146,149
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,649
Avg. Annual Appreciation
10.35%
Original Mortgage
$80,023
Outstanding Balance
$71,606
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$74,543
Mar 2002 - Jun 2019Jeffrey Investments Llc17 Years and 3 Months
Company
Purchase Details
Closed on
Mar 20, 2002
Sold by
Randall Marcia L
Bought by
Jeffrey Investments Llc
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Currently a duplex but can easily be a 3 unit. 3rd unit would have to be approved by the city of Adrian. The other 2 units were certified in 2023. Could be a great income producer.
Duplex in the heart of Adrian. Unit 1: 3 bedrooms, 1 bathroom, Beautiful hardwood floors and woodwork throughout. Updated kitchen. Unit 2 (rented monthly): 2 bedrooms, 1 bathroom. Additional Features: over 2200 square feet of living space, Private porches for each unit, Detached 2-car garage, Newer roof and hot water heater. Ideal for generating rental income of offsetting your mortgage,
Tax AssessmentTax 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.
This home is located at 838 Toledo St Unit 838.5 Toledo St., Adrian, MI 49221 since 07 June 2019 and is currently estimated at $146,149, approximately $49 per square foot. This property was built in 1890. 838 Toledo St Unit 838.5 Toledo St. is a home located in Lenawee County with nearby schools including Adrian High School, St. Joseph Academy, and St. Joseph's Academy.
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