NOT LISTED FOR SALE

Estimated Value: $641,000 - $828,000

6 Beds
2 Baths
1,822 Sq Ft
$385/Sq Ft Est. Value

Last Sold May 31, 2016

Last sale price $500,000 $274 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,905/month

44 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Porch
  • Burns Park Elementary School Rated A
  • 5 Car Detached Garage
  • Eat-In Kitchen

About This Home

As of May 2016

Solid University of Michigan rental property located within a 10 minute walk of central campus and under a 5 minute walk to the athletic campus. This home has tons of curb appeal and a fantastic front porch for tenants to enjoy. This investment property features 6 bedrooms & 2 full baths. Hardwood Flooring throughout most of house. Updated kitchen. Updated mechanicals - electrical panel, hot water heater, furnace, siding & windows. Fall Lease '16-17 $3770.00/mo. This property also offers a 462 square foot cinder block garage with three bays that could create even more revenue for the property by leasing parking spaces. This home can be sold separately or in a package with 931 Dewey. This is a perfect house for a parent to purchase for a child attending U of M Valid C/O 2017. D Do not knock on door and disturb tenants to view property. Investor Open House Friday, April 22, 4:00-6:00pm.

Last Agent to Sell the Property

Jen Langenburg

Savarino Properties Inc License #6506048133 Listed on: 04/17/2016

Last Buyer's Agent

Robert Ziegler

Century 21 Affiliated License #6506033763

Century 21 Affiliated

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,048

Year Built

  • Built in 1920

Lot Details

  • 3,746 Sq Ft Lot
  • Lot Dimensions are 33 x 113
  • Property is zoned R4C, R4C

Parking

  • 5 Car Detached Garage
  • Additional Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms | 5 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Porch

Schools

  • Burns Park Elementary School
  • Tappan Middle School
  • Pioneer High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,048

Year Built

Built in 1920

Lot Details

0

Parking

5

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 2
  • Year Built: 1920
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 33 x 113
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1822.0
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 6048.0
  • Tax Info:Zoning3: R4C
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Additional Items:Ceramic Floor: Yes
  • Additional Items:Window Treatments: Yes
  • Additional Items:Wood Floor: Yes
  • Garage Type Detached: Yes
  • General Property Info:SqFt Above Grade: 1360.0
  • Additional Items:Carpet Floor: Yes
  • Additional Items:Tile Floor: Yes
  • Laundry Features Lower Level: Yes
  • General Property Info Elementary School2: Burns Park
  • General Property Info High School: Pioneer
  • General Property Info Middle School2: Tappan
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Oven, Range, Refrigerator
  • Interior Amenities: Ceramic Floor, Wood Floor, Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 6
  • Main Level Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • LivingArea: 1822.0
  • Window Features: Window Treatments
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Basement Full Baths: 1
  • Basement Rooms:Basement Finished SQFT: 462.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Below Grade Sq Ft: 462.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Exterior Features: Porch(es)
  • List Price: 499450.0
  • Exterior Material:Vinyl Siding: Yes
  • Exterior Features:Porch(es): Yes

Garage/Parking

  • Garage Spaces: 5.0
  • Garage: Yes
  • Garage:Garage2: Yes
  • Garage Type:_five_: Yes
  • Garage:Additional Parking: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Laundry Features: Lower Level
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Burns Park
  • High School: Pioneer
  • Middle/Junior School: Tappan

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 33 x 113
  • Lot Size Sq Ft: 3746.0
  • Zoning Description: R4C
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6048.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2016
Closed on
May 31, 2016
Sold by
Msa Capital Group Llc
Bought by
Lamiman Bradford and Lamiman Monica
Seller's Agent
Jen Langenburg
Savarino Properties Inc
Buyer's Agent
Robert Ziegler
Century 21 Affiliated
List Price
$499,450
Sold Price
$500,000
Premium/Discount to List
$550
0.11%
Current Estimated Value
$701,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,130
Avg. Annual Appreciation
3.75%
Original Mortgage
$245,000
Outstanding Balance
$196,087
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$505,043

Purchase Details

Closed on
May 9, 2008
Sold by
Starman Helen D
Bought by
Msa Capital Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.04%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 8, 2003
Sold by
Starman Jeffrey S
Bought by
Starman Helen D

Purchase Details

Closed on
May 26, 1999
Sold by
Berlin Lawrence S
Bought by
Devarti David
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Lamiman Bradford $500,000 None Available
Msa Capital Group Llc -- None Available
Msa Capital Group Llc -- Mst
Starman Helen D -- --
Devarti David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamiman Bradford $245,000
Previous Owner Msa Capital Group Llc $250,000
Previous Owner Starman Jeffrey S $345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2016 05/31/16 Sold $500,000 +0.1% $274 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
04/17/2016 04/17/16 For Sale $499,450 -- $274 / Sq Ft
Source: Southwestern Michigan Association 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 $13,020 $233,400 $0 $0
2024 $13,020 $217,700 $0 $0
2023 $10,101 $193,400 $0 $0
2022 $13,332 $217,300 $0 $0
2021 $12,956 $223,200 $0 $0
2020 $12,548 $216,300 $0 $0
2019 $11,969 $216,400 $216,400 $0
2018 $11,743 $204,700 $0 $0
2017 $11,328 $180,000 $0 $0
2016 $6,200 $100,205 $0 $0
2015 $5,946 $99,906 $0 $0
2014 $5,946 $96,785 $0 $0
2013 -- $96,785 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 45830

Southwestern Michigan Association of REALTORS®

APN: 09-33-215-015