NOT LISTED FOR SALE

902 E Ashman St Midland, MI 48642

Estimated Value: $162,000 - $881,225

13 Beds
13 Baths
7,184 Sq Ft
$88/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $555,555 $77 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,115/month

6 Days on Market

Highlights

  • 2-Story Property
  • Main Floor Bedroom
  • Community Wi-Fi
  • Plymouth Elementary School Rated A-
  • Corner Lot
  • Bar Fridge

About This Home

As of December 2021

**Multiple Offers Written - Highest and Best by 12:00 PM Thursday 9th** Fantastic Income Opportunity! Well Maintained Commercial Building (designed by Alden B Dow) features 13 residential 1 BR apts. common kitchen/laundry area. Some furnishings are included. 2 Office Service spaces currently rented with more office space available or additional apt space available. Includes 2 single family homes- 2 BR/1.5 Bath at 3008 Washington and a 2 BR/ 1 bath home at 906 E Ashman- all are rented with exception of 1 apt held open for showing. Additional adjacent parcel included at 905 Wyllys St is zoned RA3- may be split per assessor. (150x130) Contact listing agent for all showings. Buyers must have pre approval prior to showing. See additional documents for further info.

Last Agent to Sell the Property

Julie Ortiz

Ayre Rhinehart Real Estate Partners License #MBR-6501202053 Listed on: 12/04/2021

Ayre Rhinehart Real Estate Partners

Co-Listed By

Micah Guigou

Ayre Rhinehart Real Estate Partners License #MBR-6501319927

Last Buyer's Agent

Pat Devereaux

RE/MAX New Image Saginaw License #MBR-6501180276

Property Details

Home Type

  • Apartment

Est. Annual Taxes

Year Built

  • Built in 1947

Lot Details

  • 1.04 Acre Lot
  • 149 Ft Wide Lot
  • Corner Lot

Home Design

  • 2-Story Property

Interior Spaces

  • Bar Fridge
  • Window Treatments

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 13 Bedrooms
  • Main Floor Bedroom
  • 13 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction

Parking

  • 3 Car Parking Spaces
  • Unassigned Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Window Unit Cooling System
  • Boiler Heating System
  • Radiant Heating System
  • Gas Water Heater
  • Internet Available
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 14-15-10-152, 150, and 156

Community Details

Overview

  • 15 Units
  • City Of Midland Subdivision

Amenities

  • Laundry Facilities
  • Community Wi-Fi

Building Details

  • Net Operating Income $57,816

Property Details

Home Type

Apartment

Est. Annual Taxes

$7

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Originating MLS: Midland Board of REALTORS
  • Class: MULTIFAMILY
  • Type: Apartment, Investment
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Ranch
  • Total Tax Amount: 7452.63
  • Total Tax Year: 2021
  • Year Built: 1947
  • Mail City: Midland
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cable/Internet Avail., Sump Pump, Window Treatment(s)
  • Appliances: Bar-Refrigerator, Dryer, Microwave, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Block, Finished, Full, Outside Entrance, Partially Finished
  • Bedrooms: 13
  • Bathroom Description: Basement Bath Lav/Half, First Flr Bath Lav/Half
  • Full Bathrooms: 13
  • Total Bathrooms: 19
  • Below Grade Bedrooms: 2
  • Sub Room Description: Entry, First Floor Bedroom, Utility/Laundry Room
  • Half Bathrooms: 6
  • Source of Sq Ft: Assessors Data

Exterior Features

  • Exterior Features: Satellite Dish, Sidewalks, Street Lights
  • Frontage: 149
  • Foundation Type: Basement
  • Roads: City/County, Curbed, Paved Street

Garage/Parking

  • Parking: 3 Or More Spaces, Unassigned/General

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Wall/Window A/C, Window Unit(s)
  • Fuel Type: Natural Gas
  • Heating System: Boiler, Radiant
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • Community Amenities: Laundry Facility, Shared Kitchen, Wi-Fi Available

Lot Info

  • Assessor Parcel Number: 14-15-10-152, 150, and 156
  • Location: Corner Lot, Main Street
  • Lot Dimensions: Irregular
  • Acreage: 1.04
  • Lot Description: Deep Lot - 150+ Ft., Large Lot - 65+ Ft., Sidewalks, Splits Available
  • Zoning: Mixed Use, Multi-Family, Professional Office, Commercial, Residential
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Gas, Snow Removal, Taxes, Trash Removal, Water/Sewer
  • Lease Information: Less Than 1 Year, Month-To-Month, Gas Included, Heat Included, Lease Required, Security Deposit, Water Included
  • Total Expenses: 31608

Tax Info

  • Summer Tax: Year: 2021, Amount: $5,181.54
  • Winter Tax: Year: 2021, Amount: $2,271.09
  • Total Tax: Year: 2021, Amount: $7,452.63

Multi Family

  • Total Units: 15

MLS Schools

  • School District: Midland Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2024
Sold by
Jones Kenneth
Bought by
Wegrich Holdings Llc
Current Estimated Value
$633,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Interest Rate
6.12%
Mortgage Type
Construction

Purchase Details

Listed on
Dec 4, 2021
Closed on
Dec 30, 2021
Sold by
Rokosz Daniel T
Bought by
K & B Jones Inc 401K Plan
Seller's Agent
Julie Ortiz
Ayre Rhinehart Real Estate Partners
Buyer's Agent
Pat Devereaux
RE/MAX New Image Saginaw
List Price
$495,000
Sold Price
$555,555
Premium/Discount to List
$60,555
12.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.30%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wegrich Holdings Llc $780,000 Midland Title
K & B Jones Inc 401K Plan $175,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Wegrich Holdings Llc $830,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $555,555 +12.2% $77 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
12/04/2021 12/04/21 For Sale $495,000 -- $69 / Sq Ft
Source: Midland Board of REALTORS®

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 $9,645 $215,000 $0 $0
2024 $6,685 $172,600 $0 $0
2023 $6,365 $161,700 $0 $0
2022 $8,752 $149,600 $0 $0
2021 $4,901 $145,300 $0 $0
2020 $4,850 $137,300 $0 $0
2019 $4,731 $125,100 $14,800 $110,300
2018 $4,603 $149,800 $14,800 $135,000
2017 $0 $110,600 $14,800 $95,800
2016 $4,435 $77,600 $12,500 $65,100
2012 -- $77,000 $12,500 $64,500
Source: Public Records

Agents Affiliated with this Home

  • Julie Ortiz

    Seller's Agent in 2021

    Julie Ortiz

    Ayre Rhinehart Realtors

    (989) 859-6259

    71 in this area

    83 Total Sales

    Julie Ortiz
    Section Image
  • Micah Guigou

    Seller Co-Listing Agent in 2021

    Micah Guigou

    Ayre Rhinehart Realtors

    (989) 430-0264

    33 in this area

    45 Total Sales

    Micah Guigou
    Section Image
  • Pat Devereaux

    Buyer's Agent in 2021

    Pat Devereaux

    RE/MAX

    (989) 280-2622

    106 in this area

    188 Total Sales

    Pat Devereaux
    Section Image
See All Agents

Map

Source: Midland Board of REALTORS®

MLS Number: 50062149

Midland Board of REALTORS®

APN: 14-15-10-152

Michigan Midland County Midland 48642

902 E Ashman St, Midland, MI

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midland Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes