205 Homer Road

Sold 6/10/22
Sold 6/10/22
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Last Sold Price
$69,500
4 beds
205 Homer Road, Concord, MI 49237

Description

Located in the beautiful Village of Concord, this duplex is ready for its new owner occupants or investor. Main level features a 2 bedroom and 1 bathroom unit. Upper level features a 1 bedroom and 1 bathroom unit. Both units a large and have large bedrooms. Units are on separate gas/electric meters. Landlord pays water/sewer/trash. Tenants pay gas/electric/lawn. Property is in close proximity to schools, shopping, dining, and more. Current rents below market. At market average, cap rate is estimated...Located in the beautiful Village of Concord, this duplex is ready for its new owner occupants or investor. Main level features a 2 bedroom and 1 bathroom unit. Upper level features a 1 bedroom and 1 bathroom unit. Both units a large and have large bedrooms. Units are on separate gas/electric meters. Landlord pays water/sewer/trash. Tenants pay gas/electric/lawn. Property is in close proximity to schools, shopping, dining, and more. Current rents below market. At market average, cap rate is estimated at 16% on listing price and 10.3% on future value. Property is being sold as-is and where-is.
LISTING CLOSED: 06/10/2022 12:00 AM

  1. Listed by Doug Beiswanger • Brokerage DRE #6505425011 • Coldwell Banker Beiswanger Realty Group
    P: (517) 914-9555 C: (517) 914-9555 Doug@MiRealEstatePro.com

Property Details for 205 Homer Road

Status
Sold
MLS #
22018469
Days on Market
6
Taxes
$1,948 / year
HOA Fees
-
Condo/Co-op Fees
$1,000 / month
Property Type
Multi Family
MLS Type
Residential Income / Multi Family
Year Built
1900
Lot Size
0.24 AC / 10,454 SF
County
Jackson County

Recent comparable sales

Median sold price

$260,000

Avg days on market

32

Sale-to-list ratio

96.5%

[Concord, MI]

9 comparable properties found

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1

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Square Feet
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Acres

210 South Concord Street, Concord, MI 49237

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$177,000 | 229 South Concord Street, Concord, MI 49237
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$259,000 | 601 Hanover Street, Concord, MI 49237
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601 Hanover Street, Concord, MI 49237

$198,000 | 209 Hanover Street, Concord, MI 49237
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209 Hanover Street, Concord, MI 49237

$310,000 | 235 Keefer Street, Concord, MI 49237
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300 Wood Hills Drive, Concord, MI 49237

$499,000 | 10994 Sears Road, Concord, MI 49237
1/57
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Square Feet
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Amenities

  • Basement
  • Driveway
  • Fireplace
  • Forced Air
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Coldwell Banker Beiswanger Realty Group

Sold By Coldwell Banker Groves Real Estate

Add your commute

Building Information for 205 Homer Road

Stories-Residences2Year Built1900Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$1,516 per month

30 year fixed, 6.55% Interest

Principal and Interest

$353

Property Taxes

$162

HOA Dues

$1,000

The Payment Calculator is for illustrative purposes only.

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Property Information for 205 Homer Road

Summary
Location and General Information
  • Cross Streets: BTW Main St & Spring St
  • Municipality: Concord Vllg
  • Subdivision: Assessors Plat
  • Directions: Form Main St in Village of Concord, go W on Homer St. Corner of Homer St and Maple St.
  • Area - Major: Jackson County - JX
  • Street #: 205
  • Street Name: Homer
  • Suffix: Road
  • City: Concord
  • State: MI
  • Zip Code: 49237
  • County: Jackson
  • Latitude: 42.177338
  • Longitude: -84.646657
  • Area - Minor: Jackson County - JX
Taxes and HOA
  • Taxable Value: 30230.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 003-11-27-327-028-05
  • Homestead: 0
  • SEV: 52600
Parking
  • Parking Features: Asphalt, Driveway
  • Parking Total: 4.0
  • Attached Garage: No
  • Driveway: Asphalt
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Features: Level, Sidewalk, Corner Lot
  • Lot Dimensions: 101x167
  • Lot Measurement: Acres
  • Lot Acres: 0.24
  • Lot Square Footage: 10454.0
  • Lot Size Area: 0.24
Property and Assessments
  • Tax Year: 2021
  • Road Surface Type: Paved
  • Legal: BEG AT NW COR OF LOT 45 ASSESSORS PLAT OF VILLAGE OF CONCORD UNRECORDED TH N69°54'E ALG N LN OF SD LOT 101.18 FT TO NE COR OF SD LOT TH S1°36'47''E ALG E LN OF SD LOT 141.13 FT TH S87°19'23''W 70.48 FT TO W LN OF SD LOT TH N14°37'15''W 113.26 FT TO BEG. BEING PART OF LOT 45 ASSESSOR'S PLAT OF VILLAGE OF CONCORD, UNRECORDED SEC 27 T3S R3W SPLIT ON 08/03/2004 FROM 003-11-27-327-029-01;
  • Property Sub-Type: 2 to 4 Units
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Multi Family
  • Year Built: 1900
  • Video Groups: 0
  • Mineral Rights: Unknown
  • Accessibility Features YN: No
Utilities
  • Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
  • Electric: True
  • Sewer: Public Sewer, True
  • Util Avail at Street: None
  • Utilities Attached: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected
  • Water: Public Water
Interior and Exterior Features
Exterior Features
  • Roof: Other
  • Construction Materials: Wood Siding
  • Street Type: Paved, Public
  • Exterior Material: Wood Siding
  • Roofing: Other
  • Substructure: Crawl Space, Full
  • Extras: Garages, Sep Electric Meter, Sep Gas Meter
Interior Features
  • Heating: Forced Air
  • Basement: Yes
  • Cooling: None
  • Basement Yes/No: Yes
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Cooling: No
  • Heating: Yes
  • Heat Source: Natural Gas
  • Heat Type: Forced Air
  • Air Conditioning: None
Multi Family
Multi Family Information
  • Number of Units: 2
Income & Expense
  • Manager Expense: $.00
  • Maintenance Expense: $1,000.00
  • Insurance Expense: $750.00
  • Net Operating Income: $2,542.00
  • Operating Expense: $9,458.00
  • Gross Income: $12,000.00
Unit Information
Unit 1
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $550.00
  • Occupied: Yes
  • SqFt: 1058.0
  • Description: Lower
Unit 2
  • BathsTotal: 1
  • BedsTotal: 2
  • FullBaths: 1
  • HalfBaths: 0
  • ActualRent: $450.00
  • Occupied: Yes
  • Description: Upper
Unit 3
  • BathsTotal: 0
Unit 4
  • BathsTotal: 0
Unit 5
  • BathsTotal: 0
Unit 6
  • BathsTotal: 0
Unit 7
  • BathsTotal: 0
Unit 8
  • BathsTotal: 0
Unit 9
  • BathsTotal: 0
Unit 10
  • BathsTotal: 0
Unit 11
  • BathsTotal: 0
Unit 12
  • BathsTotal: 0
Rental
Rental Information
  • Tenant Pays: Electric, Gas
  • Owner Pays: Sewer, Trash Collection, Water
  • Terms Available: Cash, Conventional

Property History for 205 Homer Road

DateEvent & SourcePriceAppreciation
Jun 10, 2022

Sold (Public Record)

Public Record #1493329384

$69,500—
Jun 10, 2022

Sold

MiRealSource #70261362

$69,500—
Jun 10, 2022

Sold

Realcomp #55022018469

$69,500—
DateEvent & SourcePrice
06/10/2022

Sold (Public Record)

Public Record #1493329384

$69,500
06/10/2022

Sold

MiRealSource #70261362

$69,500
06/10/2022

Sold

Realcomp #55022018469

$69,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 205 Homer Road

Taxable ValueLand$68,500Additions-Total$68,500
Tax Record2025$1,472 ($123 / month)
Home Facts
Beds0Baths2Total Finished SqFt1,772 SqFtAbove Grade Finished SqFt1,772 SqFtLot Size10,454 SqFtStyleSingle Family ResidenceYear Built1900Year Renovated1900ZoningURRESCountyJACKSONAPN003-11-27-327-028-05

Schools near 205 Homer Road

This home is within Concord Community Schools.
Rating
School
Type
Grades
Distance
Concord Elementary School
Public - K to 5
Concord Middle School
Public - 6 to 8
Concord High School
Public - 9 to 12
Rating
School
Distance
Concord Elementary School
PublicK to 5

Concord Middle School
Public6 to 8

Concord High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 205 Homer Road, Concord, MI 49237
$69,500
4
–
10,454
209 Homer Road, Concord, MI 49237
$8,100
4
2,755
9,583
119 Homer Road, Concord, MI 49237
–
–
1
2,220
10,890
114 Maple Street, Concord, MI 49237
$160,000
4
2,168
33,541
213 Homer Road, Concord, MI 49237
$14,000
3
1,562
41,382
115 Maple Street, Concord, MI 49237
$105,000
3
1,932
12,196

Explore Nearby Homes

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Listing Courtesy of Coldwell Banker Beiswanger Realty Group

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