NOT LISTED FOR SALE

Estimated Value: $357,521

8 Beds
2 Baths
-- Sq Ft
1886 Built

Last Sold March 26, 2014

Last sale price $40,000

Est. 794% increase in value since last sale

Current estimated payment $1,999/month

87 Days on Market

About This Home

As of March 2014

ATTRACTIVE EXTRA LARGE AND CLEAN TWO UNIT AND IT IS LOCATED ON A NICE BLOCK. GREAT SCHOOLS AND SHOPPING ARE NEARBY. THE BUILDING FEATURES TWO FOUR BEDROOM APARTMENTS, READY TO RENT AND A FULL BASEMENT. THIS BUILDING IS A GREAT RENTAL INVESTMENT!! LOT/ROOM SIZES ESTIMATED. ADDENDUMS MUST ACCOMPANY ALL OFFERS.

Last Agent to Sell the Property

Gary Weglarz

Applebrook Realty Inc License #471004755 Listed on: 12/05/2013

Last Buyer's Agent

Denise Hoekstra

RE/MAX 1st Service License #475135216

RE/MAX 1st Service

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1886

Home Design

  • Frame Construction

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1886
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 2
  • Total Bedrooms: 8
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • Construction Materials: Frame
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Lake Michigan

Lot Info

  • Lot Dimensions: 4687
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 2306
  • Tax Year: 2012

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2013
Closed on
Mar 25, 2014
Sold by
Fannie Mae
Bought by
Al Farooq Masjid
Seller's Agent
Gary Weglarz
Applebrook Realty Inc
Buyer's Agent
Denise Hoekstra
RE/MAX 1st Service
List Price
$33,400
Sold Price
$40,000
Premium/Discount to List
$6,600
19.76%
Current Estimated Value
$357,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,521
Avg. Annual Appreciation
20.21%

Purchase Details

Closed on
Sep 9, 2013
Sold by
Bjork
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 6, 2006
Sold by
Savic Dusan
Bought by
Bjork Travis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,000
Interest Rate
6.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2002
Sold by
The Bank Of New York
Bought by
Savic Dusan

Purchase Details

Closed on
Oct 2, 2001
Sold by
Coleman
Bought by
The Bank Of New York

Purchase Details

Closed on
Jun 1, 1995
Sold by
Coleman Earl J
Bought by
Coleman Willie M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Al Farooq Masjid -- First American Title
Federal National Mortgage Association -- None Available
Bjork Travis $282,500 Pntn
Savic Dusan $42,000 --
The Bank Of New York -- --
Coleman Willie M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bjork Travis $226,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2014 03/26/14 Sold $40,000 +19.8% --
03/02/2014 03/02/14 Pending -- -- --
02/25/2014 02/25/14 For Sale $33,400 0.0% --
02/19/2014 02/19/14 Pending -- -- --
12/05/2013 12/05/13 For Sale $33,400 -- --
Source: Midwest Real Estate Data (MRED)

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 $1,714 -- -- --
2024 $1,714 -- -- --
2023 $1,714 -- -- --
2022 $1,714 -- -- --
2021 $1,714 $8,499 $5,858 $2,641
2020 $3,040 $13,613 $4,218 $9,395
2019 $3,116 $15,470 $4,218 $11,252
2018 $3,064 $15,470 $4,218 $11,252
2017 $3,306 $15,323 $3,749 $11,574
2016 $3,076 $15,323 $3,749 $11,574
2015 $2,815 $15,323 $3,749 $11,574
2014 $2,385 $12,822 $3,280 $9,542
2013 $2,337 $12,822 $3,280 $9,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08499171

Midwest Real Estate Data (MRED)

APN: 25-02-412-004-0000