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1523 Saint Clair River Dr, Algonac, MI, 48001

$650,000

Home List Price

$7,719*

Closing Credit

7 Full Baths
4,564 SqFt
$142/SqFt
Multi
Schools Nearby

Location

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1523 Saint Clair River Dr, Algonac$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1995
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240008155
Lot Size0.17 Acres
StatusActive

About 1523 Saint Clair River Dr

Welcome to this incredible investment opportunity. This 7 unit multi family home was remodeled in 2022 and currently has 4 tenants with a potential income of $5,800 a month. Located across the street from St Clair River. Potential cap rate of 8-9%

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial, Historic
  • Year Built: 1995
  • Stories: 2
  • Living Area: 4,564 SqFt

Listing Office:

  • Office Name: Stewart Team R E Partners Inc
  • Office Phone: (248) 759-5474
  • Listing Agent: Kevin A Stewart

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 7

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

School Info

Assigned Schools Information:

  • Algonac High School, Public Magnet Grades 9-12

Other

Directions Information:

  • Directions: This property is on the corner of Green St and St Clair Riever Dr across the street from the Algonac Water Department.

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000
  • Price Per SqFt: $142/SqFt

Tax Information:

  • Annual Amount: $3,690
  • Tax Year: 2020
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Housing Market Comparison

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

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Algonac, MI

City

Med. Sold Price

$193.5K

Med. Price/SqFt

$142

Avg. Days On Market

22

# of Sold Homes

1

1523 Saint Clair River Dr vs Algonac

58 DAYS ON ROCKET

+36 Days

$650,000

+$456.5K More

$142/SqFt

-$1 Less

KEY TAKEAWAY

This property is $456.5K more than the Median Sold Price and $1/SqFt less than other homes in Algonac, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240008155

Listing Office:

  • Office Name: Stewart Team R E Partners Inc
  • Office Phone: (248) 759-5474
  • Listing Agent: Kevin A Stewart

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 6:20:36 PM 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 01, 2020Home Sold
$75,000
Sep 17, 2018Home Sold
$240,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,690$74,900
2019$4,190$74,100
2018$3,690$70,100
2017$3,524$65,900

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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NMLS#3030

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.

High School

school-card-donut-4876008
5
/10

  • Algonac High School

  • 5200 Taft Rd

  • 2.87 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,212. Typical income of Algonac, MI residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Saint Clair County›Algonac›48001›1523 Saint Clair River Dr

This home is located at 1523 Saint Clair River Dr in Algonac, MI and zip code 48001. This 4,564 square foot home, which was built in 1995, sits on a 0.17 acre lot. Features: 7 bathrooms. It has been listed on Rocket Homes since March 05, 2024 and is currently priced at $650,000.

In April 2024, from all listings sold in Algonac, MI there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price. The number of listings in Algonac, MI increased by 30% between March 2024 and April 2024. In April 2024 median list price was $193,500 and the average listing age was 22 days.

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

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