$272,000
SOLD AUG 2, 2016

851 Hendrickson Blvd Clawson, MI 48017

4 Beds
4 Baths
1,176 Sq Ft
0.41 Acres

Recently Sold

$231 Per Sq Ft

6% Below List Price

30 Days on Market

Highlights

  • 0.41 Acre Lot
  • Forced Air Heating System
  • Laundry Facilities
  • 1-Story Property
  • Private Entrance
  • High Speed Internet

About This Home

As of April 2024

Address is 851-863 Hendrickson. Solid built 2 buildings of 4 - 1 bedroom units total. 2 units per building. 1,176 square feet per building. 100x180 lot with beautiful backyard shared by all units. The rents are currently low because there are long term tenants but the is great potential for higher rental income. 3 units rent for $575 per month w/tenants that have been there 10+ years each. One unit has been leased to the same person for 2.5 years for $650 per month. These are all currently month to month leases. Tenants pay their own water, gas and electric. Owner pays for lawn maintenance. These units have been well cared for by the current owner of 21 years. New roof just put on all units. Each unit has their own parking spaces in off street driveways. Showings must be accompanied by the listing agent and only one unit can be seen prior to seller acceptance of an offer.
All units are the same layout & in good condition.

Last Agent to Sell the Property

Paula Rait

Berkshire Hathaway HomeServices Kee Realty Bham License #6501177348 Listed on: 06/23/2016

Berkshire Hathaway HomeServices Kee Realty Bham

Last Buyer's Agent

Keith Jourdan

Preferred, Realtors® Ltd License #RCO-6501389174

Preferred, Realtors® Ltd

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1953

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 100x180
  • Private Entrance
  • Fenced

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Poured Concrete
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 1,176 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • Off-Site Parking

Outdoor Features

  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 2034402037
  • $2,411 Seller Concession

Community Details

Overview

  • 4 Units
  • Eyster & Howarth Clawson Plat No 2 Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,937

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Quadruplex
  • Architecture Level: 1 Story
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Interior Amenities: High Spd Internet Avail, Laundry Facility
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Sq Ft Combined: 1176
  • Total Sq Ft: 1176

Exterior Features

  • Roof Material: Asphalt
  • Foundation Details: Slab
  • Construction Materials: Brick, Brick Veneer (Brick Siding)
  • Exterior Features: Fenced, Lighting, Private Entry
  • Foundation Materials: Poured
  • Frontage Feet: 100
  • Road Frontage Type: Pub. Sidewalk

Garage/Parking

  • MF Parking: Off Site
  • Total Parking Spaces: 4

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Laundry Facilities: No

Schools

  • School District: Clawson

Lot Info

  • List Price per Acre: 707073.1707
  • Lot Size Area: 0.41
  • Lot Dimensions: 100X180
  • Parcel Number: 2034402037
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Trash Collection (Garbage Pickup), Yard Maintenance

Tax Info

  • Tax Amount Summer: 4815.0000
  • Tax Amount Winter: 122.0000
  • Total Tax: 4937.0000

Multi Family

  • Number Of Units Total: 4
  • Number of One Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Clawson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
Apr 26, 2024
Sold by
Hendrickson 4 Llc
Bought by
Sic Group Llc
Seller's Agent
David Maldonado
Arterra Luxe Collection LLC
Buyer's Agent
David Maldonado
Arterra Luxe Collection LLC
List Price
$374,900
Sold Price
$400,000
Premium/Discount to List
$25,100
6.7%
Views
32
Current Estimated Value
$376,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,208
Avg. Annual Appreciation
-3.84%
Original Mortgage
$300,000
Outstanding Balance
$297,100
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
$85,272

Purchase Details

Listed on
Jun 23, 2016
Closed on
Aug 10, 2016
Sold by
Powell Jeffrey M and Powell John R
Bought by
Hendrickson4 Llc
Seller's Agent
Paula Rait
Berkshire Hathaway HomeServices Kee Realty Bham
Buyer's Agent
Keith Jourdan
Preferred, Realtors® Ltd
List Price
$289,900
Sold Price
$272,000
Premium/Discount to List
-$17,900
-6.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.11%

Purchase Details

Closed on
Nov 2, 1995
Sold by
Cox Dean L
Bought by
Powell Jeffrey M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,600
Interest Rate
7.44%
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 Type Sale Price Title Company
Warranty Deed $400,000 Sterling Title Agency
Warranty Deed $272,000 Liberty Title
Deed $158,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Credit Line Revolving
Previous Owner $110,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2024 04/26/24 Sold $400,000 +6.7% $340 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
03/20/2024 03/20/24 For Sale $374,900 +37.8% $319 / Sq Ft
08/02/2016 08/02/16 Sold $272,000 -6.2% $231 / Sq Ft
07/23/2016 07/23/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $289,900 -- $247 / 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 $7,754 $171,630 $0 $0
2023 $7,420 $166,920 $0 $0
2022 $7,462 $143,080 $0 $0
2021 $7,247 $132,370 $0 $0
2020 $6,998 $118,450 $0 $0
2019 $7,424 $109,740 $0 $0
2017 $6,978 $99,270 $0 $0
2016 $0 $91,910 $0 $0
2015 -- $81,270 $0 $0
2014 -- $68,210 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 216062344

Realcomp

APN: 16-20-34-402-037