NOT LISTED FOR SALE

Estimated Value: $258,000 - $390,000

4 Beds
4 Baths
-- Sq Ft
0.25 Acres

Last Sold March 26, 2015

Last sale price $144,000

Est. 125% increase in value since last sale

Current estimated payment $2,394/month

84 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating System
  • Ceiling Fan

About This Home

As of March 2015

WELL MAINTAINED BRICK RANCH STYLE 4 UNIT, EACH UNIT WITH WITH 2 BEDROOMS 1 BATH, FULL BASEMENT, AND C/A. SOLID BUILDING, AND A GREAT ADDITION TO ANY INVESTORS PORTFOLIO. BUILDING PRICED TO SELL FAST AT 40K PER UNIT. TWO OTHER 4 UNITS AND TWO 2 UNIT BUILDINGS ALSO ON THE MARKET IN THE SAME COMPLEX AS WELL. BUY ONE OR MAKE US AN OFFER AND BUY THEM ALL.

Last Agent to Sell the Property

Marco Montoya

Midwest America Realty, Inc. License #475143648 Listed on: 12/02/2014

Last Buyer's Agent

Rutul Parekh

ARNI Realty Incorporated License #471021588

ARNI Realty Incorporated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,634

Year Built

  • Built in 1965

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 54x271x25x94x30x177
  • Irregular Lot

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • Lake Michigan Water

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,634

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Ranch
  • New Construction: No
  • Year Built: 1965
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Other Equipment: Ceiling Fan(s)
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Irregular Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: None
  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

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

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.25
  • Lot Dimensions: 54X271X25X94X30X177
  • Zoning: MULTI
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: All

Tax Info

  • Tax Annual Amount: 5633.63
  • Tax Year: 2013

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 1 Story Unit/s

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2018
Sold by
Bhavek Llc
Bought by
Nda Realty Llc
Current Estimated Value
$324,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 2, 2014
Closed on
Mar 25, 2015
Sold by
Md Properties Llc
Bought by
Bhavek Llc
Seller's Agent
Marco Montoya
Midwest America Realty, Inc.
Buyer's Agent
Rutul Parekh
ARNI Realty Incorporated
List Price
$161,000
Sold Price
$144,000
Premium/Discount to List
-$17,000
-10.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%

Purchase Details

Closed on
Apr 13, 2011
Sold by
Pickus Court Buildings Inc
Bought by
Md Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$462,000
Interest Rate
4.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 2009
Sold by
Sun Kim Chong Sung and Sun Kim Kyong
Bought by
Pickus Court Buildings Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Nda Realty Llc $728,000 First American Title
Bhavek Llc $576,000 Chicago Title Insurance Co
Md Properties Llc $660,000 Multiple
Pickus Court Buildings Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nda Realty Llc $546,000
Previous Owner Md Properties Llc $462,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2015 03/26/15 Sold $144,000 -10.0% --
02/24/2015 02/24/15 Pending -- -- --
02/19/2015 02/19/15 Price Changed $160,000 -0.6% --
12/02/2014 12/02/14 For Sale $161,000 -- --
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 $8,207 $96,606 $13,893 $82,713
2023 $6,766 $87,034 $12,438 $74,596
2022 $6,766 $69,207 $11,961 $57,246
2021 $7,152 $68,604 $11,857 $56,747
2020 $7,245 $63,913 $11,046 $52,867
2019 $7,291 $58,566 $10,122 $48,444
2018 $9,018 $69,753 $12,894 $56,859
2017 $8,778 $61,712 $11,408 $50,304
2016 $8,287 $53,625 $9,913 $43,712
2015 $8,107 $52,861 $8,872 $43,989
2014 $5,634 $33,299 $7,581 $25,718
2012 $6,982 $36,076 $8,213 $27,863
Source: Public Records

Agents Affiliated with this Home

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Source: Midwest Real Estate Data (MRED)

MLS Number: 08796150

Midwest Real Estate Data (MRED)

APN: 08-21-101-028