21 days on rocket

521 Richmond St, Alma, MI, 48801

$84,000

Home List Price

$998*

Closing Credit

2 Baths
1,800 SqFt
$47/SqFt
House

Location

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521 Richmond St, Alma$84,000

Buyer Closing Credits

$998*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

ParkingTwo Car, Detached
Year Built1960
HeatingForced Air
WaterfrontNone
FireplaceStove
MLS #1928623
Lot Size0.09 Acres
StatusActive
(Active U/C Taking Backups)

About 521 Richmond St

Turnkey 2-Story Duplex with Strong Rental History Great investment opportunity! This well-maintained 2-story duplex has a solid rental history with one unit upstairs and another on the first story. The current downstairs tenant pays $700 per month, while the upstairs tenant pays $585. Each tenant handles their own water, sewer, trash, electric, and natural gas utilities, making it an easy property to manage. Landlord is responsible for lawn care and snow removal. There is a 2-car detached garage for landlord storage, or a possible additional income source to be rented for the new owner. The property boasts a cozy covered porch, and benefit from recent upgrades, including new water heaters and electrical panels installed in 2023. The property is being sold subject to tenants’ rights, and the seller is a licensed real estate broker in the State of Michigan. Don’t miss this opportunity to add a dependable income property to your portfolio!

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Story
  • Year Built: 1960
  • Living Area: 1,800 SqFt

Listing Office:

  • Office Name: 43 NORTH REALTY
  • Office Phone: (989) 463-1219
  • Listing Agent: Micah Kemler

Interior Features

Interior Information:

  • Appliances: Refrigerator, Gas Water Heater
  • Interior: None
  • Fireplace: Stove

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Covered Porch, Wood

Parking Information:

  • Attached Garage: No
  • Parking: Two Car, Detached

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: From Superior Street, head north on Pine Ave, right (east) on Richmond, house is on the left (north) side of the street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $84,000
  • Price Per SqFt: $47/SqFt
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Housing Market Comparison

See how this home compares to others in Alma, MI.

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Alma, MI

City

Med. Sold Price

$168.2K

Med. Price/SqFt

$106

Avg. Days On Market

63

# of Sold Homes

8

521 Richmond St vs Alma

21 DAYS ON ROCKET

-42 Days

$84,000

-$84.2K Less

$47/SqFt

-$60 Less

KEY TAKEAWAY

This property is $84.2K less than the Median Sold Price and $60/SqFt less than other homes in Alma, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CMIAR
  • MLS Number: #1928623

Listing Office:

  • Office Name: 43 NORTH REALTY
  • Office Phone: (989) 463-1219
  • Listing Agent: Micah Kemler

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 9:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 02, 2012Home Sold
$175,000

Tax History

YEARPROP. TAXASSESSMENT
2021 - $37,100
2020 - $35,000
2019 - $31,000
2018 - $29,000
2017 - $30,400

History based on county public records data.

Payment Calculator

$487

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$318

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-243751
3
/10

  • Pine Avenue Elementary School

  • 1025 Pine Ave

  • 0.24 miles

  • Public District Grades 4-5

school-card-donut-243752
4
/10

  • Hillcrest Elementary School

  • 515 E Elizabeth St

  • 1.06 miles

  • Public District Grades 2-3

school-card-donut-243753
3
/10

  • Eugene M Nikkari Elementary School

  • 301 W State St

  • 2.42 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,867. The most common annual income of people living in Alma, MI is less than $35k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 521 Richmond St

What is the listing price of this property?

The listing price of 521 Richmond St property is $84,000.

What type of property is this?

The property 521 Richmond St is a house located in Alma, Michigan, 48801.

Is this property for sale now?

Active Listing: 521 Richmond St is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on July 2, 2012 for $175,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 521 Richmond St has 2 bathrooms..

What is the square footage of this property?

The property 521 Richmond St is 1,800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 521 Richmond St is 1960.

Rocket Homes›Michigan›Gratiot County›Alma›48801›521 Richmond St

This home is located at 521 Richmond St in Alma, MI and zip code 48801. This 1,800 square foot home, which was built in 1960, sits on a 0.09 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $84,000.

While more than 2 listings in Alma, MI in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 2 were sold below. The number of homes for sale in Alma, MI increased by 10.4% between September 2024 and October 2024. Listings spent 63 days on the market in October 2024, and had a median list price of $168,200 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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