Sold

$185,000

121 S Main St, Olivet, MI 49076

5beds

3baths

1,945sqft

2 to 4 Units

Built in 1920

-- sqft lot

$221,700 Zestimate^®

$95/sqft

$1,491 Estimated rent

Home value

$221,700

$204,000 - $242,000

$1,491/mo

Zestimate^® history

Owner options

List your home for rent

$1,491/mo

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$1,491/mo

Rent Zestimate^®

Refinance and save

$1,285/mo

Est. payment

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$1,285/mo

Est. payment

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What's special

Don't miss out on this great 3 unit investment property in the City of Olivet. Well maintained units. with updated mechanicals. Large city lot neighboring City Hall and a longstanding business. Property also features 3 car garage with upside opportunity. All units are currently rented.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3

Heating

Forced Air

Appliances

Laundry: Electric Dryer Hookup, Main Level, Washer Hookup

Features

Basement: Full

Interior area

Total interior livable area: 1,945 sqft

Property

Parking

Total spaces: 6
Parking features: Unpaved

Lot

Size: 0.27 Acres
Features: Sidewalk

Details

Parcel number: 60000061001201
Zoning description: 401 RESIDENTIAL

Construction

Type & style

Home type: MultiFamily
Property subtype: 2 to 4 Units

Materials

Vinyl Siding
Roof: Composition

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Utilities for property: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Community & HOA

Location

Region: Olivet

Financial & listing details

Price per square foot: $95/sqft
Tax assessed value: $69,649
Annual tax amount: $3,818
Date on market: 2/2/2024
Listing terms: Cash,Conventional
Tenant pays: Electricity
Electric utility on property: Yes
Road surface type: Paved

Price history

Date	Event	Price
4/25/2024	Sold	$185,000-7.5%$95/sqft
Source: MichRIC #24005711 Report a problem
3/25/2024	Pending sale	$200,000$103/sqft
Source: MichRIC #24005711 Report a problem
3/5/2024	Price change	$200,000-6.9%$103/sqft
Source: MichRIC #24005711 Report a problem
2/26/2024	Price change	$214,900-2.3%$110/sqft
Source: MichRIC #24005711 Report a problem
2/2/2024	Listed for sale	$220,000+141%$113/sqft
Source: MichRIC #24005711 Report a problem
7/11/2018	Sold	$91,300$47/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,930	$111,100 +18.6%
2024	--	$93,663 +36.6%
2021	$3,642 +3.1%	$68,587 +3.9%
2020	$3,532 +78.9%	$65,982 +7%
2019	$1,974	$61,684 +10.1%
2018	--	$56,016 +0.1%
2017	--	$55,958 +5.5%
2016	--	$53,053 +2%
2015	--	$52,022 +60.1%
2014	--	$32,500 -38.3%
2013	--	$52,692 +0.4%
2011	--	$52,481 -9.3%
2010	--	$57,831 -11.5%
2009	--	$65,345 -1.2%
2008	--	$66,150 -10.6%
2007	--	$74,000 +28.5%
2006	--	$57,600
2005	--	$57,600 +11%
2004	--	$51,900 +14.3%
2002	--	$45,400 +3.2%
2001	--	$44,000