Seller's Agent in 2014
Matthew Vale
RE/MAX
(586) 262-5134
2 in this area
78 Total Sales
8555 Canal Rd Unit 8505 Canal, 8481 Can Sterling Heights, MI 48314
30
Beds
20
Baths
12,000
Sq Ft
1.2
Acres
Highlights
- 1.2 Acre Lot
- Colonial Architecture
- Private Entrance
- Bemis Junior High School Rated A-
About This Home
As of October 2014Do not disturb 20 tenants! Inspection and viewing shall be after accepted Purchase Agreement. 20 Units fully occupied. 20 stoves, fridges, 3 coined operating washer & dryer machines. Ample parking and full masonry in the HEART of Macomb County! New roof on most westerly building. Neat and clean and well maintained and family operated since 1964! This is a money maker with 20% money down and will have a return of $5,000 a month. 3 buildings total. 8505 Canal Sterling Heights 48314, Parcel ID Number 10-03-126
Last Agent to Sell the Property
RE/MAX Eclipse License #MISPE-6501217494 Listed on: 05/09/2014
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $14,000
Year Built
- Built in 1964
Lot Details
- 1.2 Acre Lot
- Lot Dimensions are 375x222x365x117
- Private Entrance
Parking
- 3 Car Parking Spaces
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 2-Story Property
- Basement
- Block Basement Construction
- Oven or Range
Bedrooms and Bathrooms
- 30 Bedrooms
- 20 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Cooling System Mounted To A Wall/Window
- Boiler Heating System
- Separate Meters
- Gas Water Heater
Community Details
- 20 Units
Listing and Financial Details
- Assessor Parcel Number 1003126029
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2014
Closed on
Oct 10, 2014
Sold by
Reygaert Steven J
Bought by
Harris Place Apartments Llc
Seller's Agent
Matthew Vale
RE/MAX Eclipse
Buyer's Agent
Matthew Vale
RE/MAX Eclipse
List Price
$800,000
Sold Price
$750,000
Premium/Discount to List
-$50,000
-6.25%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Harris Place Apartments Llc | $750,000 | Greco Title Agency Llc |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/10/2014 10/10/14 | Sold | $750,000 | -6.3% | $63 / Sq Ft |
| 05/23/2014 05/23/14 | Pending | -- | -- | -- |
| 05/09/2014 05/09/14 | For Sale | $800,000 | -- | $67 / Sq Ft |
Source: Michigan Multiple Listing Service
Tax History Compared to Growth
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 | $4,857 | $136,100 | $0 | $0 |
| 2024 | $3,795 | $134,000 | $0 | $0 |
| 2023 | $3,589 | $116,800 | $0 | $0 |
| 2022 | $4,284 | $83,900 | $0 | $0 |
| 2021 | $4,193 | $79,900 | $0 | $0 |
| 2020 | $3,227 | $74,300 | $0 | $0 |
| 2019 | $4,029 | $76,200 | $0 | $0 |
| 2018 | $4,055 | $73,200 | $0 | $0 |
| 2017 | $3,991 | $73,200 | $0 | $73,200 |
| 2016 | $3,933 | $73,200 | $0 | $0 |
| 2015 | -- | $73,200 | $0 | $0 |
| 2014 | -- | $58,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Michigan Multiple Listing Service
MLS Number: 31192486
APN: 10-10-03-126-029
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Source MLS: MiRealSource
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