NOT LISTED FOR SALE

902 Forest Ave Frankfort, MI 49635

Estimated Value: $375,630

5 Beds
5 Baths
3,215 Sq Ft
$117/Sq Ft Est. Value

Sale Details

Date Sold: December 16, 2015

Last sale price $205,000 $64 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $2,445 / mo

89 Days on Market

Highlights

  • Bay View
  • Garden
  • 3-minute walk to Frankfort Open Space
  • Patio

About This Home

As of December 2015

Opportunity to own rental units in a burgeoning rental market and a city growing in size and popularity; sharp looking and well maintained building; 5 residential units, 3 one bedroom units, 1 two bedroom units, 1 studio, and additional 908 sq. ft. sixth rental space for commercial/retail with rent of $650. Right on Forest Ave. (M-22); all units recarpeted and repainted since 2013; all new thermopane windows excluding front; well insulated; dropped ceilings were re-drywalled. All units have view of Betsie Bay.

Last Agent to Sell the Property

Robert Weisbrodt

REO-TCBeulah-Frankfort-233027 Listed on: 06/30/2015

REO-TCBeulah-Frankfort-233027

Last Buyer's Agent

Benjamin Ewing

Ewing Realty LLC License #6502411657

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1940

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 31' x 150'
  • Garden
  • The community has rules related to zoning restrictions

Home Design

  • Block Foundation
  • Poured Concrete
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3,215 Sq Ft Home
  • 2-Story Property
  • Bay Views
  • Oven or Range
  • Unfinished Basement

Outdoor Features

  • Patio

Schools

  • Frankfort Elementary School
  • Frankfort High Middle School
  • Frankfort High School

Community Details

  • 6 Units

Listing and Financial Details

  • Rent includes exterior maintenance, trash removal, water, sewer

Property Details

Home Type

Apartment

Year Built

Built in 1940

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Apartment Complex
  • Style: 2 Story
  • Estimated Year Built: 1940
  • Construction: Frame
  • Percent Of Remodel: 90
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1940
  • Year Renovated: 2013

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range
  • Interior Amenities: Drywall
  • Range: R 16W
  • Total Finished Sf Apx: 3215

Exterior Features

  • Exterior Features: Bay View, Sidewalk, Patio, Garden Area
  • Exterior Finish: Vinyl Siding
  • Foundation: Block, Poured Concrete, Entrance Inside, Entrance Outside, Unfinished
  • Number Of Acres: 0.11
  • Road: Public Maintained
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Unknown
  • Water: Municipal
  • Heating Cooling Type: Hot Water
  • Monthly Heat Expense: 225

Lot Info

  • Lot Dimensions: 31' x 150'
  • Mineral Rights: Unknown
  • Percent Wooded: 10
  • Zoning Use Restrictions: Multi-Family
  • Percent Open: 90

Rental Info

  • Included In Lease: Exterior Maintenance, Trash Removal, Water, Sewer

Multi Family

  • Total Number Units: 6

MLS Schools

  • Elementary School: Frankfort Elementary School
  • HighSchool: Frankfort High School
  • School District: Frankfort-Elberta Area Schools
  • Middle School: Frankfort High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2015
Closed on
Dec 30, 2015
Sold by
Bowwowblessings Llc
Bought by
Twigg & Kubit Llc
Seller's Agent
Robert Weisbrodt
REO-TCBeulah-Frankfort-233027
Buyer's Agent
Benjamin Ewing
Ewing Realty LLC
List Price
$250,000
Sold Price
$205,000
Premium/Discount to List
-$45,000
-18%
Current Estimated Value
$375,630

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,630
Avg. Annual Appreciation
6.04%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Twigg & Kubit Llc -- Mid American Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2015 12/16/15 Sold $205,000 -18.0% $64 / Sq Ft
09/27/2015 09/27/15 Pending -- -- --
06/30/2015 06/30/15 For Sale $250,000 -- $78 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $5,073 $103,200 $0 $0
2024 $49 $95,400 $0 $0
2023 $4,941 $97,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1802659

Northern Great Lakes REALTORS® MLS

APN: 51-040-008-00

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