NOT LISTED FOR SALE

842 2nd St Lapeer, MI 48446

Lapeer Area

Estimated Value: $157,000 - $245,000

5 Beds
3.5 Baths
2,500 Sq Ft
$85/Sq Ft Est. Value

Sale Details

Date Sold: March 18, 2013

Last sale price $58,000 $23 Per Sq Ft

Est. 266% increase in value since last sale

Current estimated payment $1,339 / mo

12 Days on Market

About This Home

As of March 2013

Great opportunity on this duplex. One 3 bedroom apt with 2 full baths. One 2 bedroom with 1.5 baths and a garage. 3 bedroom currently rented under a sec 8 tenant for $1050/m. Other unit did rent for $850. Total $1900/m. Includes heat, elec, water, garbage. Avg expenses are $1000/m or less. Even with all expenses totaled you still generate $11,000 NET INCOME. That means a 18.33% Net Return on Investment. Rental business is the best business. LC maybe

Last Agent to Sell the Property

Alex Lengemann

Realty Volution.com License #6501292023 Listed on: 02/13/2013

Last Buyer's Agent

Scott Tindall

Creative Investment Brokers In License #6502118209

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 2,500 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • City Of Lapeer R The Chilbergs Subdivision

Listing and Financial Details

  • Assessor Parcel Number L211650204000

Property Details

Home Type

Multi-Family

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Duplex
  • Architecture Level: 2 Story
  • Year Built: 9999
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Sq Ft: 2500

Exterior Features

  • Foundation Details: Crawl
  • Construction Materials: Aluminum
  • Road Frontage Type: Paved

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Baseboard
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Lot Info

  • List Price per Acre: 249583.0000
  • Lot Size Area: 0.24
  • Lot Dimensions: UNK
  • Parcel Number: L211650204000
  • Zoning: Residential
  • Homestead Percent: 0 Percent

Rental Info

  • Monthly Rental Income: 1900

Tax Info

  • Tax Amount Summer: 948.0000
  • Tax Amount Winter: 1282.0000
  • Total Tax: 2230.0000

Multi Family

  • Gross Scheduled Income: 23000.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Lapeer

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

Closed on
Sep 26, 2017
Sold by
T M
Bought by
Current Estimated Value
$212,287

Purchase Details

Closed on
Jan 16, 2017
Sold by
Miller Employees Profit
Bought by
Pearsall Robert J and Pearsall Jodie L

Purchase Details

Closed on
Jan 13, 2014
Sold by
Lengemann James A and Lengemann James A
Bought by
Morrice Lengemann & Miller Employees

Purchase Details

Closed on
Jun 20, 2012
Sold by
Devriese Matthew
Bought by
Jal Realty 401K Trust

Purchase Details

Closed on
Mar 3, 2006
Sold by
Shadroui Shadroui B B and Shadroui Carol E
Bought by
Devriese Matthew J
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Lapeer, MI

  • Pamela Bryan Real Estate Agent - Berkshire Hathaway HomeServices Kee Realty Oxford

    Pamela Bryan

    Berkshire Hathaway HomeServices Kee Realty Oxford

    (810) 379-8500

    128 Total Sales

    8 in Lapeer

    $132K - $375K Price Range

    Pamela Bryan
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  • Aida Omidvar Real Estate Agent - KW Metro

    Aida Omidvar

    Responds Quickly

    KW Metro

    (947) 221-4263

    146 Total Sales

    1 in Lapeer

    $115,000 Price

    Aida Omidvar
     Section Image
  • Nancy Thomas Real Estate Agent - Brookstone, Realtors LLC

    Nancy Thomas

    Brookstone, Realtors LLC

    (947) 218-6832

    14 Total Sales

    1 in Lapeer

    $190,000 Price

    Nancy Thomas
     Section Image
  • Coti Brown Real Estate Agent - Epique Realty

    Coti Brown

    Epique Realty

    (319) 900-5136

    170 Total Sales

    1 in Lapeer

    $123,000 Price

    Coti Brown
     Section Image
  • Jennifer Rygalski Real Estate Agent - Keller Williams First

    Jennifer Rygalski

    Keller Williams First

    (567) 702-4215

    83 Total Sales

    2 in Lapeer

    $190K - $193K Price Range

    Jennifer Rygalski
     Section Image
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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
$18,744 --
Pearsall Robert J $18,744 --
Morrice Lengemann & Miller Employees $38,266 --
Jal Realty 401K Trust $35,253 --
Devriese Matthew J $145,000 --
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
03/18/2013 03/18/13 Sold $58,000 -3.2% $23 / Sq Ft
02/25/2013 02/25/13 Pending -- -- --
02/13/2013 02/13/13 For Sale $59,900 -- $24 / Sq Ft
Source: Realcomp

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
2026 $2,092 $117,700 $0 $0
2025 $1,056 $87,500 $0 $0
2024 $1,026 $84,000 $0 $0
2023 $978 $74,700 $0 $0
2022 $1,826 $71,900 $0 $0
2021 $1,709 $66,400 $0 $0
2020 $1,689 $64,500 $0 $0
2019 $1,694 $59,500 $0 $0
2018 $1,654 $55,300 $55,300 $0
2017 $1,869 $64,300 $0 $0
2016 $1,855 $55,300 $55,300 $0
2015 -- $51,700 $0 $0
2014 -- $47,700 $47,700 $0
2013 -- $47,200 $47,200 $0
Source: Public Records

Agents Affiliated with this Home

  • Alex Lengemann Real Estate Agent - Realty Volution.com

    Seller's Agent in 2013

    Alex Lengemann

    Realty Volution.com

    (810) 969-5732

    139 Total Sales

    Alex Lengemann
    Section Image
  • Scott Tindall Real Estate Agent - Creative Investment Brokers In

    Buyer's Agent in 2013

    Scott Tindall

    Creative Investment Brokers In

    (810) 614-8453

    6 Total Sales

    Scott Tindall
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Map

Source: Realcomp

MLS Number: 213014037

Realcomp

APN: L21-16-502-040-00

Michigan Lapeer County Lapeer 48446

842 2nd St, Lapeer, MI

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IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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