NOT LISTED FOR SALE

Estimated Value: $176,000 - $221,764

4 Beds
2 Baths
1,536 Sq Ft
$127/Sq Ft Est. Value

Last Sold August 11, 2015

Last sale price $43,000 $28 Per Sq Ft

Est. 354% increase in value since last sale

Current estimated payment $1,331/month

22 Days on Market

About This Home

As of August 2015

Two flat with great potential! Each floor has 2 bedrooms and 1 bath w/ spacious living room and good sized kitchen. You can move in to one floor, and rent the other, or make it a great investment property! Come see for yourself all the potential that this property has! This property is eligible under the Freddie Mac First Look Initiative through 07/28/15

Last Agent to Sell the Property

Mariola Buchowska

Red Zone Realty Group Inc. License #475134751 Listed on: 07/08/2015

Last Buyer's Agent

John Steele

RE/MAX Plaza License #471003805

RE/MAX Plaza

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1901

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 40x132

Home Design

  • Asphalt Roof
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1901
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: None
  • MRD_AppliancesAndFeatures: None

Exterior Features

  • List Price: 44900
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Stucco

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 3
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Schools

  • Middle/Junior School District: 60

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.12
  • Lot Dimensions: 40X132
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Tax Info

  • Tax Annual Amount: 3867.61
  • Tax Year: 2013
  • Tax Exemptions: Homeowner

Multi Family

  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2015
Closed on
Aug 7, 2015
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ramsey Megan
Seller's Agent
Mariola Buchowska
Red Zone Realty Group Inc.
Buyer's Agent
John Steele
RE/MAX Plaza
List Price
$44,900
Sold Price
$43,000
Premium/Discount to List
-$1,900
-4.23%
Current Estimated Value
$195,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,191
Avg. Annual Appreciation
15.63%

Purchase Details

Closed on
Jun 3, 2004
Sold by
Zheng Ting and Ng Soo Chin
Bought by
Nava Jesus and Nava Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,580
Interest Rate
6.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 6, 2003
Sold by
Hud
Bought by
Zheng Ting and Ng Soo Chin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,350
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 2002
Sold by
Mercado
Bought by
Hud

Purchase Details

Closed on
Jul 18, 2001
Sold by
Mercado Jorge H and Mercado Maribel
Bought by
Mercado Maribel

Purchase Details

Closed on
Jul 12, 2001
Sold by
Mercado Jorge H
Bought by
Soto Maribel and Mercado Maribel

Purchase Details

Closed on
Oct 26, 1999
Sold by
Molback Mark L
Bought by
Mercado Jorge and Mercado Maribel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,900
Interest Rate
7.72%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Ramsey Megan $43,000 First American Title Ins
Nava Jesus $159,500 Multiple
Zheng Ting -- Stewart Title Company
Hud -- Wheatland Title
Mercado Maribel -- --
Soto Maribel -- --
Mercado Jorge $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nava Jesus $127,580
Previous Owner Zheng Ting $78,350
Previous Owner Mercado Jorge $131,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2015 08/11/15 Sold $43,000 -4.2% $28 / Sq Ft
07/30/2015 07/30/15 Pending -- -- --
07/08/2015 07/08/15 For Sale $44,900 -- $29 / Sq Ft
Source: Midwest Real Estate Data (MRED)

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
2024 $3,555 $50,542 $7,474 $43,068
2023 $3,616 $45,697 $6,758 $38,939
2022 $3,616 $42,990 $5,164 $37,826
2021 $3,394 $38,554 $4,515 $34,039
2020 $3,391 $35,917 $4,206 $31,711
2019 $3,360 $32,912 $3,854 $29,058
2018 $2,693 $20,829 $4,849 $15,980
2017 $2,621 $18,428 $4,290 $14,138
2016 $2,475 $16,013 $3,728 $12,285
2015 $2,421 $16,144 $3,337 $12,807
2014 $3,868 $22,861 $3,068 $19,793
2012 $4,793 $24,767 $3,323 $21,444
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 08978143

Midwest Real Estate Data (MRED)

APN: 08-17-420-010