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1438 Oak Street

1438 Oak Street, Niles, MI 49120
Multifamily in Niles
Sold Apr 16, 2020
$140,000
$112,000 by Honor Cu
Mortgage Due Nov 01, 2025
Sold Apr 16, 2020
$140,000
$112,000 by Honor Credit Union
Mortgage
Local assessors in Niles, MI have categorized 1438 Oak Street as a residential type of property. The home was built in 1919 and is 105 years old. The property's lot size has been calculated to be 7,362 square feet. The linear feet between the front and back of the lot was measured at 1,240 ft and the front of the lot was measured at 595 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home's a forced air unit is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1438 Oak Street was last sold in Mar 10, 2020 for $140,000. According to our calculations, that's $56.82 per sqft. Prior to that sales transaction, the property was sold for $140,000 in Jan 1, 1970. Current property owners are expected to pay $897 in taxes per year. The property on 1438 Oak Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $31,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Aluminum Siding

Parking

Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1919
  • Effective Year Built: 1919
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Multifamily
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,362
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 595
  • Total Building Area: 2,464
  • Gross Building Area: 2,464
  • Building Area: 2,464
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHAPIN PARK ADD
  • Land Acres: 0.169
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 8 BLK 2 CHAPIN PARK ADD TO NILES

Ownership

  • Current Owner : LONG ERIC
  • Previous Owner : YOUNG MICHAEL J
  • Previous Owner 2: LAYMAN YOUNG JENNIFER
  • Owner Before Previous Owner: YOUNG MICHAEL J
  • Owner Before Previous Owner 2: YOUNG JENNIFER

Neighborhood

  • School District Name: Niles Community School District
  • School Tax School District: NILES
  • Census Tract: 020700

Zoning

  • Zoning: LDR

Geography

  • Assessors Map Reference: 036-1
  • District: 73
  • Parcel: 73-1300-0034-00-1
  • Block: 2
  • Lot: 8
  • Municipality: NILES CITY
  • Latitude: 41.8267
  • Longitude: -86.2397

    Address

  • Full Address: 1438 Oak St
  • Legal Unit: 8
  • Address - House Number: 1438
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MI
  • City Name: Niles
  • Carrier Code: C008
  • 4-Digit Zip Code: 3630
  • Zip Code: 49120

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $897

    Appraisal Valuation

  • Standard Deviation: 0.3113
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 37
  • Final Value: 73,192
  • High Value: 95,983
  • Low Value: 50,400

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $112,000
  • First Open Lien Mortgage Lender: HONOR CU
  • First Open Lien Mortgage Recording Date: Apr 16, 2020
  • First Open Lien Mortgage Loan Amount: $112,000
  • First Open Lien Mortgage Term: 66
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2025

    Market Valuation

  • Market Total Value: $63,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,800

    Sales

  • Current Sale Contract Date: Mar 10, 2020
  • Current Sale Recording Date: Apr 16, 2020
  • Current Sale Transaction ID: 11757700818
  • Current Sale Price: $140,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Apr 16, 2020
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HONOR CU
  • First Mortgage Transaction Date: Apr 16, 2020
  • First Mortgage Loan Amount: $112,000
  • First Mortgage Terms: 66
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2025

    Previous Mortgages

  • Previous Mortgage Lender: HONOR CREDIT UNION
  • Previous Mortgage Transaction Date: Apr 16, 2020
  • Previous Mortgage Loan Amount: $112,000
  • Previous Mortgage Loan Type: New Conventional

About Niles



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Nearby Rentals

Unit for rent at 812 Clay Street, Niles, MI, 49120

$1,400 /mo

  • 2 Beds
  • 1 Bath
  • 968 ft²
812 Clay Street #A, Niles, MI, 49120 Listing by Carolee Dalrymple

Frequently Asked Questions

What neighborhood is 1438 Oak Street located in?
The 1438 Oak Street is a multifamily located in the neighborhood of Niles in Niles, Niles.
What is the average sales price for listings in 1438 Oak Street?
The average sales price for units in 1438 Oak Street is $0 currently.

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