NOT LISTED FOR SALE

102 Mc Cleary St Dowagiac, MI 49047

Estimated Value: $266,144

-- Bed
-- Bath
-- Sq Ft
0.33 Acres

Last Sold May 07, 2013

Last sale price $127,500

Est. 109% increase in value since last sale

Current estimated payment $1,594/month

29 Days on Market

About This Home

As of May 2013

What a great investment! Three 2-bedroom units in the brick building and each unit has a full basement for additional family room and laundry hook-up. Rents for the apartments are $575 per month. The pole building, which has heat and electric, in back is rented for $200 per month. Low maintenace brick exterior. Each unit has central air and is metered seperately. Tenant pays own electric and gas. Upgrades since this owner purchased the property include kitchens and baths and some new interior walls. Take advantage of the low interest rates to purchase this for great cash flow. There is possibility of assuming the current leases. The building is fully occupied with great tenants. More pictures to follow.

Last Agent to Sell the Property

Shelly Myers

Cressy & Everett Real Estate License #6501323797 Listed on: 02/21/2013

Last Buyer's Agent

Susan Chapman

Coldwell Banker Advantage

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,134

Year Built

  • Built in 1978

Lot Details

  • 0.33

Parking

  • 7 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Stepless Entry
  • 0.33 Acre Lot

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,134

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: No Step Entrance

Exterior Features

  • Construction Materials: Brick
  • List Price: 129900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 7.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Sq Ft: 14375.0
  • Zoning Description: Commercial - 20
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water, Sewer, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3134.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 30, 2016
Sold by
Allen Joseph and Bertrand Jo Ann
Bought by
Brownwood Mccleary Llc
Current Estimated Value
$266,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Outstanding Balance
$88,000
Interest Rate
3.56%
Mortgage Type
Commercial
Estimated Equity
$174,350

Purchase Details

Listed on
Feb 21, 2013
Closed on
May 7, 2013
Sold by
Jim Shorts Properties Llc
Bought by
Allen Joseph
Seller's Agent
Shelly Myers
Cressy & Everett Real Estate
Buyer's Agent
Susan Chapman
Coldwell Banker Advantage
List Price
$129,900
Sold Price
$127,500
Premium/Discount to List
-$2,400
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$55,500
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 2006
Sold by
Marshall A Scott and Marshall Debbie
Bought by
Jim Shorts Properties Llc

Purchase Details

Closed on
Mar 10, 2006
Sold by
Kenneth E Clark Revocable Living Trust
Bought by
Marshall A Scott and Marshall Debbie
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
Brownwood Mccleary Llc -- Mtc
Allen Joseph $127,500 None Available
Jim Shorts Properties Llc -- None Available
Marshall A Scott $82,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brownwood Mccleary Llc $108,000
Previous Owner Allen Joseph $55,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2013 05/07/13 Sold $127,500 -1.8% --
03/22/2013 03/22/13 Pending -- -- --
02/21/2013 02/21/13 For Sale $129,900 -- --
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
2024 $1,647 $57,200 $16,500 $40,700
2023 $1,514 $53,300 $0 $0
2022 $1,419 $50,400 $0 $0
2021 $2,927 $48,400 $0 $0
2020 $1,383 $48,400 $0 $0
2019 $3,002 $49,400 $0 $0
2018 $1,457 $51,200 $0 $0
2017 $1,448 $50,900 $0 $0
2016 $1,401 $49,800 $0 $0
2015 -- $49,500 $0 $0
2011 -- $55,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Shelly Myers

    Cressy & Everett Real Estate

  • S

    Buyer's Agent in 2013

    Susan Chapman

    Coldwell Banker Advantage

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13009416

Southwestern Michigan Association of REALTORS®

APN: 14-160-300-718-00

Michigan Cass County Dowagiac 49047

102 Mc Cleary St, Dowagiac, MI

This home is located at 102 Mc Cleary St, Dowagiac, MI 49047 since 21 February 2013 and is currently estimated at $266,144. This property was built in 1978. 102 Mc Cleary St is a home located in Cass County with nearby schools including Justus Gage Elementary School, Dowagiac Middle School, and Union High 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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