NOT LISTED FOR SALE

Estimated Value: $414,554 - $471,000

-- Bed
4 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold January 19, 2018

Last sale price $265,000

Est. 64% increase in value since last sale

Current estimated payment $3,245/month

1 Day on Market

Highlights

  • Laundry Facilities
  • Community Storage Space
  • 3-minute walk to Edith Hefly Tot Lot

About This Home

As of January 2018

This home is located at 948 Sheridan St, Ypsilanti, MI 48197 since 05 December 2017 and is currently estimated at $433,639. This property was built in 1875. 948 Sheridan St is a home located in Washtenaw County with nearby schools including Estabrook Elementary School, Holmes Elementary School, and Erickson Elementary School.

Last Agent to Sell the Property

Andrew Piper

Keller Williams Ann Arbor Mrkt Listed on: 12/05/2017

Last Buyer's Agent

Kayia Robinson

Hinton Real Estate Group License #6502387855

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,401

Year Built

  • Built in 1875

Lot Details

  • 6,970

Additional Features

  • Basement Fills Entire Space Under The House
  • 6,970 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electric

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Building Details

  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,401

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • Year Built: 1875
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5401.0
  • Tax Info:Zoning3: R-I
  • General Property Info:Total _pound_ Units: 2
  • Substructure:Full: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Block
  • List Price: 279000.0

Condo/Co-op/Association

  • Association Amenities: Storage
  • Association: Yes

Association/Amenities

  • Assoc Amenities:Storage: Yes

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6970.0
  • Zoning Description: R-I

Rental Info

  • Tenant Pays: Electric

Multi Family

  • Gross Income: 31200.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5401.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2021
Sold by
Arshad Arhum M
Bought by
Arshad Arhum M and Ajeen Ayan Mousa
Current Estimated Value
$433,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Outstanding Balance
$246,523
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$187,116

Purchase Details

Closed on
Oct 20, 2020
Sold by
Schick Michael G
Bought by
Arshad Arhum M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,928
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 5, 2017
Closed on
Jan 19, 2018
Sold by
Gamrat Michael
Bought by
Schinck Michael G
Seller's Agent
Andrew Piper
Keller Williams Ann Arbor Mrkt
Buyer's Agent
Kayia Robinson
Hinton Real Estate Group
List Price
$279,000
Sold Price
$265,000
Premium/Discount to List
-$14,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$198,750
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2008
Sold by
Tuttle Joseph and Tuttle Laci
Bought by
Gamrat Michael

Purchase Details

Closed on
Oct 31, 2001
Sold by
Callender W Andrew
Bought by
Tuttle Joseph

Purchase Details

Closed on
Oct 9, 1997
Sold by
Sutter Ronald C
Bought by
Mark C Perry and John P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
8.25%
Mortgage Type
New Conventional
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
Arshad Arhum M -- None Available
Arshad Arhum M $280,000 None Available
Schinck Michael G $265,000 Select Title Co
Gamrat Michael $139,000 None Available
Tuttle Joseph $204,000 --
Mark C Perry $144,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arshad Arhum M $268,000
Closed Arshad Arhum M $274,928
Previous Owner Schinck Michael G $198,750
Previous Owner Mark C Perry $129,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2018 01/19/18 Sold $265,000 -5.0% --
12/06/2017 12/06/17 Pending -- -- --
12/05/2017 12/05/17 For Sale $279,000 -- --
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 $11,357 $182,400 $0 $0
2024 $11,357 $173,900 $0 $0
2023 $10,693 $160,700 $0 $0
2022 $11,159 $146,700 $0 $0
2021 $12,271 $142,000 $0 $0
2020 $10,618 $125,300 $0 $0
2019 $10,248 $116,300 $116,300 $0
2018 $5,661 $103,500 $0 $0
2017 $5,335 $96,500 $0 $0
2016 $5,401 $62,444 $0 $0
2015 -- $62,258 $0 $0
2014 -- $60,313 $0 $0
2013 -- $60,313 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23062901

Southwestern Michigan Association of REALTORS®

APN: 11-40-134-023