NOT LISTED FOR SALE

Estimated Value: $273,250 - $387,000

8 Beds
3 Baths
1,828 Sq Ft
$175/Sq Ft Est. Value

Last Sold December 02, 2013

Last sale price $60,000 $33 Per Sq Ft

Est. 434% increase in value since last sale

Current estimated payment $1,795/month

21 Days on Market

About This Home

As of December 2013

LEGAL THREE UNIT, TOTAL REHABBED A FEW YEARS AGO BUT COULD USE A REFRESH, NEW WINDOWS, FLOORING, ELECTICAL, SEPERATE HEATING UNITS, NEW FRONT PORCH. PERFECT FOR INVESTOR, JUST COLLECT THE RENT, WITH A POSITIVE CASH FLOW. SHOW & SELL!!!

Last Agent to Sell the Property

Edward Enright

Quickdraw Properties, LLC License #471015276 Listed on: 11/11/2013

Last Buyer's Agent

Jose Tenezaca

RE/MAX City License #475137805

RE/MAX City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,236

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25x125
  • Fenced Yard

Home Design

  • American Four Square Architecture
  • Asphalt Roof
  • Aluminum Siding
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Finished Basement

  • English Basement

Parking

  • 2 Parking Spaces
  • Uncovered Parking

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $36,960
  • Net Operating Income $33,647

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,236

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: American 4-Sq.
  • New Construction: No
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: English
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors
  • Basement Description: Finished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Fenced Yard
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Fee Information

  • Other Expenses $: 1887

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.07
  • Lot Dimensions: 25X125
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 33647
  • GrossIncome: 36960
  • Units in Building: 3
  • Three Bedroom Number of Units: No
  • Type-Multi: 3 Flat

Tax Info

  • Tax Annual Amount: 2236.22
  • Tax Year: 2011
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2021
Sold by
Luz Siguachi Cuzco Revocable Trust
Bought by
Clever Gustavo Paucar Chiqui Rev Tr
Current Estimated Value
$320,417

Purchase Details

Closed on
May 1, 2017
Sold by
Paucar E Clever and Siguachi Luz
Bought by
Paucar Clever and Siguachi Luz

Purchase Details

Listed on
Nov 11, 2013
Closed on
Dec 20, 2013
Sold by
R & B Realty Llc
Bought by
Paucar Clever and Siguachi Luz
Seller's Agent
Edward Enright
Quickdraw Properties, LLC
Buyer's Agent
Jose Tenezaca
RE/MAX City
List Price
$49,900
Sold Price
$60,000
Premium/Discount to List
$10,100
20.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.10%

Purchase Details

Closed on
Apr 16, 2007
Sold by
Pine Tree Realty Llc
Bought by
R & B Realty Llc

Purchase Details

Closed on
Jan 20, 2006
Sold by
Bell Bobbie
Bought by
Pine Tree Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
6.42%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 31, 1998
Sold by
Hud
Bought by
Bell Bobbie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,150
Interest Rate
13.75%

Purchase Details

Closed on
Mar 26, 1996
Sold by
Sheahan Michael F
Bought by
Hud
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
Clever Gustavo Paucar Chiqui Rev Tr -- Attorney
Paucar Clever -- Attorney
Paucar Clever $60,000 Specialty Title Service Inc
R & B Realty Llc -- Ticor Title Ins Co 2002
Pine Tree Realty Llc $140,000 Exeter Title Company
Bell Bobbie J -- --
Hud -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pine Tree Realty Llc $68,000
Previous Owner Bell Bobbie J $16,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2013 12/09/13 Pending -- -- --
12/02/2013 12/02/13 Sold $60,000 +20.2% $33 / Sq Ft
11/11/2013 11/11/13 For Sale $49,900 -- $27 / 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 $1,410 $19,600 $3,780 $15,820
2023 $1,353 $10,001 $2,993 $7,008
2022 $1,353 $10,001 $2,993 $7,008
2021 $1,341 $9,999 $2,992 $7,007
2020 $2,570 $14,639 $2,677 $11,962
2019 $2,579 $16,266 $2,677 $13,589
2018 $3,213 $16,266 $2,677 $13,589
2017 $3,024 $14,049 $2,362 $11,687
2016 $2,814 $14,049 $2,362 $11,687
2015 $2,574 $14,049 $2,362 $11,687
2014 $2,587 $13,943 $2,205 $11,738
2013 $2,536 $13,943 $2,205 $11,738
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 08485543

Midwest Real Estate Data (MRED)

APN: 16-04-419-040-0000