$350,000
SOLD FEB 17, 2025
4 Beds
4 Baths
1,452 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$241 Per Sq Ft

7% Below List Price

17 Days on Market

Highlights

  • 10 Feet of Waterfront
  • Deck
  • Forced Air Heating System
  • Colonial Architecture
  • Porch
  • 6 Car Garage

About This Home

As of February 2025

Great opportunity to own a Multi-Family property located in downtown Whitmore Lake! Built in 1850, this 2 story home was converted into a 5 unit income property with 2 - One Bedroom Units, 1 - Two Bedroom Units and a large studio/efficiency unit. Across the street, property has 10' deeded access to lake (separate tax ID#). For extra income there is a traditional 484 SF 2 car detached garage and a newer 1344 SF 4 car detached garage with 9' doors. Each unit has its own heat/gas and electric meter. Property is zoned WLD-D (Whitmore Lake Downtown Development). Property is vacant and needs to be completed. Property has multiple possible uses. Check with the township for options of use.

Last Agent to Sell the Property

Nicholas Schultz

RE/MAX Classic License #6501389010

RE/MAX Classic

Last Buyer's Agent

Jonathan Zaia

EXP Z Real Estate License #6501379825

EXP Z Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1850

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 75.00 x 222.30
  • 10 Feet of Waterfront

Parking

  • 6 Car Garage

Home Design

  • Colonial Architecture
  • Poured Concrete
  • Asbestos

Interior Spaces

  • 4 Full Bathrooms
  • 1,452 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number B00208240005

Community Details

Overview

  • 4 Units

Recreation

  • Water Sports

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,361

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Assessment: 8.00
  • Year Built: 1850
  • State Equalized Value: 130000.0000
  • Pets Allowed: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 1452
  • Total Sq Ft: 1452
  • Sq Ft Total Bsmt: 884

Exterior Features

  • Waterfront Name: Whitmore Lake
  • Waterfront: Yes
  • Foundation Details: Basement
  • Construction Materials: Asbestos
  • Foundation Materials: Poured
  • Porch Type: Deck, Porch
  • Road Frontage Type: Paved
  • Water Frontage Feet: 10.00
  • Waterfront Description: Direct Water Frontage

Garage/Parking

  • Garage: Yes
  • MF Parking: Garages
  • Total Parking Spaces: 6

Utilities

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

Schools

  • School District: Whitmore Lake

Lot Info

  • Lot Size Area: 0.09
  • Lot Dimensions: 75.00 x 222.30
  • Parcel Number: B00208240005
  • Zoning: Multi-Family

Rental Info

  • Deposit Amount: 100000.00

Tax Info

  • Tax Amount Summer: 844.0000
  • Tax Amount Winter: 2517.0000
  • Total Tax: 3361.0000
  • Taxable Value: 80705.0000

Multi Family

  • Waterfront Features: All Sports Lake, DIRFRT
  • Number Of Units Total: 4
  • Number of Efficiency Units: 1
  • Number of One Bedroom Units: 2
  • Number of Two Bedroom Units: 1

MLS Schools

  • School District: Whitmore Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2013
Sold by
Counts John T and Counts Meredith G
Bought by
Counts John T and Counts Meredith G
Total Days on Market
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
4.25%

Purchase Details

Closed on
Aug 12, 2013
Sold by
Luoma Mark E and Luoma Kassandra L
Bought by
Counts John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
4.25%

Purchase Details

Closed on
Jan 5, 2010
Sold by
Onewest Bank Fsb
Bought by
Luoma Mark E and Luoma Kassandra L

Purchase Details

Closed on
Jan 8, 2009
Sold by
Oconnor Karol S and Wikel Matthew J
Bought by
Indymac Federal Bank Fsb

Map

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 -- None Available
Warranty Deed $150,000 None Available
Warranty Deed $75,000 Parks Title
Warranty Deed $46,360 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $128,000 New Conventional
Previous Owner $142,000 No Value Available
Previous Owner $41,500 Stand Alone Second
Previous Owner $152,500 Fannie Mae Freddie Mac
Previous Owner $22,100 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2025 02/17/25 Sold $350,000 -6.7% $241 / Sq Ft
02/02/2025 02/02/25 Pending -- -- --
01/15/2025 01/15/25 For Sale $375,000 -- $258 / Sq Ft
Source: Realcomp

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 $844 $130,000 $0 $0
2023 $804 $111,400 $0 $0
2022 $3,025 $97,400 $0 $0
2021 $2,961 $93,700 $0 $0
2020 $2,932 $92,800 $0 $0
2019 $2,861 $84,500 $84,500 $0
2018 $2,784 $81,800 $0 $0
2017 $2,657 $79,200 $0 $0
2016 $691 $65,014 $0 $0
2015 -- $64,820 $0 $0
2014 -- $61,600 $0 $0
2013 -- $61,600 $0 $0
Source: Public Records

Source: Realcomp

MLS Number: 20250001755

Realcomp

APN: 02-08-240-005