Seller's Agent in 2018
Dana Slocum
Strong Properties, LLC
(269) 217-3481
49 Total Sales
07061 62nd St South Haven, MI 49090
Estimated Value: $744,557
--
Bed
--
Bath
--
Sq Ft
4.3
Acres
Highlights
- Waterfront
- Forced Air Heating System
- Laundry Facilities
- Wooded Lot
- Baseboard Heating
- Wood Siding
About This Home
As of April 2018Money making, multi-unit property east of South Haven, and near GingerMan Raceway. The seven buildings comprise of 13 rental units, along with 1 building which contains laundry facilities, office and maintenance shop. The over 4+ acre property could possibly be expanded, as there is approximately 3 additional acres with the lake frontage could possibly be purchased as a potential bonus opportunity. Unit 13, which is not listed in unit count, is the upper story of the house as you enter the property. That unit is 4 bedrooms, and 1290 sqft. This property is being offered at about a 7 cap.
Last Agent to Sell the Property
Strong Properties, LLC License #6506046199 Listed on: 10/30/2017
Last Buyer's Agent
Dana Slocum
ERA Reardon Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,834
Year Built
- Built in 1935
Lot Details
- 4.3 Acre Lot
- Waterfront
- Wooded Lot
Property Views
- Water Views
Home Design
- Slab Foundation
- Composition Roof
- Wood Siding
- Vinyl Siding
Basement
- Basement Fills Entire Space Under The House
- Crawl Space
Parking
- 18 Parking Spaces
- Unpaved Driveway
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Propane
- Baseboard Heating
- Propane
- Individual Gas Meter
- Well
- Septic System
- Cable TV Available
Listing and Financial Details
- Tenant pays for gas
- The owner pays for water, sewer
Community Details
Overview
- 7 Buildings
- 13 Units
Pet Policy
- Pets Allowed
Additional Features
- Laundry Facilities
- Insurance Expense $8,537
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 30, 2017
Closed on
Apr 10, 2018
Sold by
Sheridan Invstment Proprties Llc
Bought by
Johnston Jeffrey and Johnston Dana
Seller's Agent
Dana Slocum
Strong Properties, LLC
Buyer's Agent
Dana Slocum
Strong Properties, LLC
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$279,557
Avg. Annual Appreciation
6.42%
Original Mortgage
$650,000
Outstanding Balance
$564,810
Interest Rate
4.43%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$169,132
Purchase Details
Closed on
Oct 22, 2012
Sold by
Pitcher Lake Properties Llc
Bought by
Sheridan Investment Properties Llc
Purchase Details
Closed on
Dec 17, 2002
Sold by
Sheridan Philip J
Bought by
Pitcher Lake Properties Llc
Purchase Details
Closed on
Oct 15, 2002
Bought by
Sheridan Philip J
Purchase Details
Closed on
Dec 11, 2001
Sold by
Fish Timothy K and Fish Julie A
Bought by
Huntington National Bank
Purchase Details
Closed on
Oct 31, 2001
Sold by
Cobb Linda L
Bought by
Cobb Jeffrey A
Purchase Details
Closed on
Feb 28, 1997
Sold by
Cobb Jeffrey A and Cobb Linda L
Bought by
Fish Timothy K and Fish Julie A
Purchase Details
Closed on
Jan 22, 1996
Sold by
Mcdonald Mike and Mcdonald Cindy
Bought by
Cobb Jeffrey and Cobb Linda
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Johnston Jeffrey | -- | Chicago Title Of Michigan In | |
| Sheridan Investment Properties Llc | -- | None Available | |
| Pitcher Lake Properties Llc | -- | -- | |
| Pitcher Lake Properties Llc | -- | -- | |
| Sheridan Philip J | $220,000 | -- | |
| Huntington National Bank | -- | -- | |
| Cobb Jeffrey A | -- | -- | |
| Fish Timothy K | $285,000 | -- | |
| Cobb Jeffrey | $155,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Johnston Jeffrey | $650,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2018 04/16/18 | Sold | $465,000 | -6.1% | -- |
| 02/24/2018 02/24/18 | Pending | -- | -- | -- |
| 10/30/2017 10/30/17 | For Sale | $495,000 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,242 | $231,900 | $0 | $0 |
| 2023 | $7,849 | $231,400 | $0 | $0 |
| 2022 | $11,109 | $223,700 | $0 | $0 |
| 2021 | $10,674 | $214,400 | $33,700 | $180,700 |
| 2020 | $10,819 | $214,400 | $33,700 | $180,700 |
| 2019 | $10,215 | $197,000 | $60,600 | $136,400 |
| 2018 | $9,000 | $174,600 | $59,900 | $114,700 |
| 2017 | $8,959 | $174,300 | $11,000 | $163,300 |
| 2016 | $8,811 | $172,500 | $11,000 | $161,500 |
| 2015 | $5,157 | $172,500 | $11,000 | $161,500 |
| 2014 | $5,184 | $172,100 | $0 | $0 |
| 2013 | -- | $171,100 | $25,500 | $145,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2018
Tami Slocum
Strong Properties, LLC
(269) 217-3480
52 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 17053833
APN: 80-09-011-003-10
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