NOT LISTED FOR SALE

Estimated Value: $49,000 - $488,527

8 Beds
4 Baths
-- Sq Ft
7,318 Sq Ft Lot

Sale Details

Date Sold: March 3, 2023

Last sale price $265,000

Est. 18% decrease in value since last sale

Current estimated payment $1,259 / mo

13 Days on Market

Highlights

  • Brick Porch or Patio
  • Outdoor Grill
  • Paved or Partially Paved Lot

About This Home

As of March 2023

Once in a lifetime opportunity. Retiring Real Estate Broker, Investor, and Developer is offering for sell (4) Fully Occupied, Two-bedroom One- baths Condo units in the only known Condo property located in Pill Hill. All are in an impressive corner 8-unit building, and you can own all (4) of the units, at a fraction of their value $280,000K. The gross income is $ 4,586K per month. Truth is, over the years I've offered you some great investment opportunities, but never one like this. Seller will not sale separate, all Four must be sold together. Hard Money, Cash or Conventional only

Last Agent to Sell the Property

Vernon Lilly

EXIT True Design Realty LLC License #471011774 Listed on: 01/19/2023

Co-Listed By

Kimberly Hughes

@properties Christies International Real Estate License #475161520

Last Buyer's Agent

Tameka Lewis-Madkins

Keller Williams Preferred Rlty License #475167275

Keller Williams Preferred Rlty
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,303

Year Built

  • Built in 1961

Lot Details

  • Paved or Partially Paved Lot
  • Additional Parcels

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Storm Screens

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Outdoor Grill
  • Brick Porch or Patio

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units
  • Pill Hill Valley Subdivision, Condos Floorplan

Building Details

  • Gross Income $4,587

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,303

Year Built

Built in 1961

Lot Details

7,318 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple w/ HO Assn.
  • New Construction: No
  • Subdivision Name: Pill Hill Valley
  • Year Built: 1961
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave,Window Air Conditioner

Exterior Features

  • ExteriorFeatures: Patio, Porch, Brick Paver Patio, Storms/Screens, Outdoor Grill
  • Foundation Details: Concrete Perimeter
  • Roof: Rubber
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Number of Cars: 0
  • Parking: None

Utilities

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

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 6250
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • TenantPays: Electric

Multi Family

  • GrossIncome: 4587
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 7302.73
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Mar 3, 2023
Sold by
Bought by
Seller's Agent
Vernon Lilly
EXIT True Design Realty LLC
Buyer's Agent
Tameka Lewis-Madkins
Keller Williams Preferred Rlty
List Price
$280,000
Sold Price
$265,000
Premium/Discount to List
-$15,000
-5.36%
Views
119
Current Estimated Value
$217,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,118
Avg. Annual Appreciation
-5.49%
Original Mortgage
$198,750
Outstanding Balance
$144,711
Interest Rate
5.76%
Mortgage Type
New Conventional
Estimated Equity
$73,171
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$265,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $198,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/03/2023 03/03/23 Sold $265,000 -5.4% --
02/02/2023 02/02/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $280,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $740 $6,885 $902 $5,983
2024 $740 $6,885 $902 $5,983
2023 $722 $3,500 $1,444 $2,056
2022 $722 $3,500 $1,444 $2,056
2021 $706 $3,499 $1,443 $2,056
2020 $1,805 $8,084 $812 $7,272
2019 $1,775 $8,810 $812 $7,998
2018 $1,745 $8,810 $812 $7,998
2017 $1,726 $7,999 $721 $7,278
2016 $1,606 $7,999 $721 $7,278
2015 $1,469 $7,999 $721 $7,278
2014 $1,603 $8,617 $676 $7,941
2013 $1,571 $8,617 $676 $7,941
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11703492

Midwest Real Estate Data (MRED)

APN: 25-01-314-077-1007

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