NOT LISTED FOR SALE

100 E Michigan St Reading, MI 49274

Estimated Value: $279,730

-- Bed
-- Bath
-- Sq Ft
9,583 Sq Ft Lot

Last Sold December 18, 2020

Last sale price $200,000

Est. 40% increase in value since last sale

Current estimated payment $1,755/month

87 Days on Market

About This Home

As of December 2020

LOCATION, LOCATION, LOCATION, on this Beautifully updated down town, income producing commercial building. Room for business on the main level with 4 apartments upstairs. Separate entrance for apartments. Building is located on the main corner in Reading where Michigan Street ends on M49. Lots of traffic for the business. This company makes no warranty or representation about the contents of this data. It is the responsibility of those looking to satisfy themselves as to accuracy. Taxes could change for the buyer after a closed transaction.

Last Agent to Sell the Property

Darin Spieth

Spieth & Satow Auctions & Real Estate License #6501348697 Listed on: 06/30/2020

Last Buyer's Agent

Darin Spieth

Spieth & Satow Auctions & Real Estate License #6501348697 Listed on: 06/30/2020

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,500

Year Built

  • Built in 1930

Lot Details

  • 9,583 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, sewer

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,500

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 199000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9583.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2500.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2020
Closed on
Dec 16, 2020
Sold by
Gows Comm 3 Misc Llc
Bought by
Meyer 2020 Llc
Seller's Agent
Darin Spieth
Spieth & Satow Auctions & Real Estate
Buyer's Agent
Darin Spieth
Spieth & Satow Auctions & Real Estate
List Price
$199,000
Sold Price
$200,000
Premium/Discount to List
$1,000
0.5%
Current Estimated Value
$279,730

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,730
Avg. Annual Appreciation
7.27%
Original Mortgage
$170,000
Outstanding Balance
$9,076
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$270,654

Purchase Details

Closed on
Jan 11, 2011
Sold by
Gow Ronald M and Gow Connie J
Bought by
Gows Comm 3 Misc Llc

Purchase Details

Closed on
Jun 6, 2002
Sold by
Smith Mary Lou
Bought by
Reading Tifa

Purchase Details

Closed on
May 10, 1996
Sold by
Miller Gerald A and Miller Karen J
Bought by
Smith Mary Lou
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Meyer 2020 Llc $200,000 None Available
Gows Comm 3 Misc Llc -- None Available
Reading Tifa $19,500 --
Smith Mary Lou $7,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyer 2020 Llc $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $200,000 +0.5% --
09/25/2020 09/25/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $199,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2025 $3,266 $119,700 $0 $0
2024 $1,389 $116,100 $0 $0
2023 $1,328 $109,900 $0 $0
2022 $2,977 $98,700 $0 $0
2021 $2,897 $52,100 $0 $0
2020 $2,561 $49,000 $0 $0
2019 $2,496 $44,800 $0 $0
2018 $786 $45,600 $0 $0
2017 $765 $44,800 $0 $0
2016 $758 $41,800 $0 $0
2015 $325 $41,800 $0 $0
2013 $314 $40,440 $0 $0
2012 $307 $36,220 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Darin Spieth

    Seller's Agent in 2020

    Darin Spieth

    Spieth & Satow Auctions & Real Estate

    (517) 398-6060

    155 Total Sales

    Darin Spieth
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20024739

Southwestern Michigan Association of REALTORS®

APN: 20-110-002-079-23-7-4

Michigan Hillsdale County Reading 49274

100 E Michigan St, Reading, MI

This home is located at 100 E Michigan St, Reading, MI 49274 since 30 June 2020 and is currently estimated at $279,730. This property was built in 1930. 100 E Michigan St is a home located in Hillsdale County with nearby schools including Reynolds Elementary School, Reading High School, and Cooper Amish School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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