$155,000
SOLD FEB 5, 2025
3 Beds
2 Baths
1,588 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$98 Per Sq Ft

6 Days on Market

Highlights

  • Bungalow
  • Forced Air Heating System
  • 2 Car Garage

About This Home

As of February 2025

Welcome to 8452 Timken in Warren, a fully remodeled 2-unit multifamily property offering incredible versatility and income potential! The lower unit features 2 bedrooms and 1 bathroom, while the upper unit offers 1 bedroom and 1 bathroom, making this property perfect for various living arrangements. Each unit boasts new floors, fresh paint, and beautifully updated kitchens and bathrooms. Whether you choose to live in one unit and rent out the other or rent out both units for maximum income, this property is a phenomenal cash-flowing asset. With projected rents of $1,300 for the 2-bedroom unit and $1,000 for the 1-bedroom unit, the earning potential is exceptional. Don’t miss this fantastic investment opportunity!

Last Agent to Sell the Property

Parker McInnis

Oak and Stone Real Estate License #6501432483 Listed on: 01/10/2025

Last Buyer's Agent

Ralph Monko

License #6501397826

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1940 | Remodeled in 2024

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 40.00 x 110.00
  • Property fronts a private road

Parking

  • 2 Car Garage

Home Design

  • Bungalow
  • Vinyl Construction Material

Interior Spaces

  • 2 Full Bathrooms
  • 1,588 Sq Ft Home
  • 1.5-Story Property
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 1327376007

Community Details

Overview

  • 2 Units
  • Piper's Van Dyke # 07 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,282

Year Built

Built in 1940 | Remodeled in 2024

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Bungalow
  • Architecture Level: 1 1/2 Story
  • Year Built: 1940
  • State Equalized Value: 61530.0000
  • Year Renovated: 2024
  • Pets Allowed: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Total Sq Ft: 1588

Exterior Features

  • Foundation Details: Crawl
  • Construction Materials: Vinyl
  • Road Frontage Type: Paved, Private

Garage/Parking

  • Garage: Yes
  • Total Parking Spaces: 2

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Source: Public (Municipal)

Lot Info

  • Lot Size Area: 0.10
  • Lot Dimensions: 40.00 x 110.00
  • Parcel Number: 1327376007
  • Zoning: Multi-Family, Residential

Rental Info

  • Monthly Rental Income: 2300

Tax Info

  • Tax Amount Summer: 2217.0000
  • Tax Amount Winter: 65.0000
  • Total Tax: 2282.0000
  • Taxable Value: 42593.0000

Multi Family

  • Gross Scheduled Income: 27600.00
  • Number Of Units Total: 2

MLS Schools

  • School District: Van Dyke

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2025
Closed on
Feb 5, 2025
Sold by
Forged Homes Llc
Bought by
Vega Kendrick
Seller's Agent
Parker McInnis
Oak and Stone Real Estate
Buyer's Agent
Ralph Monko
List Price
$155,000
Sold Price
$155,000
Views
36
Current Estimated Value
$164,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,971
Avg. Annual Appreciation
7.09%
Original Mortgage
$147,250
Outstanding Balance
$146,365
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$18,606

Purchase Details

Closed on
Oct 18, 2024
Sold by
Terry Marlon P
Bought by
Terry Marlon P and Forged Homes Llc

Purchase Details

Closed on
Sep 27, 2023
Sold by
Terry Marlon P
Bought by
Terry Marlon P

Purchase Details

Closed on
Jan 15, 2020
Sold by
Oleary Cornelius
Bought by
Terry Marlon P

Purchase Details

Listed on
Sep 17, 2013
Closed on
Jul 30, 2014
Sold by
Fannie Mae
Bought by
Oleary Cornellus
Seller's Agent
Dean Johnson
BHHS Michigan RE Great Lakes RH
Buyer's Agent
Non Participant
Non Realcomp Office
List Price
$56,000
Sold Price
$35,000
Premium/Discount to List
-$21,000
-37.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.53%

Purchase Details

Closed on
Feb 25, 2013
Sold by
Green Tree Servicing Llc
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Feb 22, 2013
Sold by
Domanski Patricia
Bought by
Green Tree Servicing Llc

Purchase Details

Closed on
Mar 1, 2001
Sold by
Seslar Victor
Bought by
Domanski Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 24, 1999
Sold by
Simpson Earl
Bought by
Seslar Patricia A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $155,000 None Listed On Document
Warranty Deed $155,000 None Listed On Document
Warranty Deed $45,000 Top Title Group
Quit Claim Deed -- Land Title
Quit Claim Deed $45,000 None Available
Deed $35,000 None Available
Quit Claim Deed -- None Available
Sheriffs Deed $80,690 None Available
Deed $90,000 --
Deed $84,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $147,250 New Conventional
Closed $147,250 New Conventional
Previous Owner $81,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2025 02/05/25 Sold $155,000 0.0% $98 / Sq Ft
01/16/2025 01/16/25 Pending -- -- --
01/10/2025 01/10/25 For Sale $155,000 +342.9% $98 / Sq Ft
07/31/2014 07/31/14 Sold $35,000 -37.5% $22 / Sq Ft View Prior Sale
04/13/2014 04/13/14 Pending -- -- --
09/17/2013 09/17/13 For Sale $56,000 -- $35 / 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 $4,370 $69,750 $0 $0
2024 $2,217 $61,530 $0 $0
2023 $2,136 $43,430 $0 $0
2022 $2,114 $39,660 $0 $0
2021 $2,070 $37,400 $0 $0
2020 $1,267 $30,920 $0 $0
2019 $1,314 $27,710 $0 $0
2018 $1,201 $22,750 $0 $0
2017 $1,201 $22,240 $2,580 $19,660
2016 $1,192 $22,240 $0 $0
2015 $783 $21,510 $0 $0
2013 $1,329 $19,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 20250002369

Realcomp

APN: 12-13-27-376-007