$204,000
SOLD JUL 15, 2022
-- Bed
-- Bath
-- Sq Ft
2,788 Sq Ft Lot

Recently Sold

5% Above List Price

1 Day on Market

About This Home

As of September 2024

Showings: Sat 10-12:30; Mon 5-7pm, Thurs 9-11. 2 buildings, 1021 (PPN 41-13-36-380-025) is single family unit w/4 bedrooms 1 bath and 1176 sq ft; It sits behind 1023. Cert of Compliance 5/20/25; Rent $1275/month. Occupied thru 6/27/2023
1023 is a duplex; upper/lower with identical floor plans. Each is 2 bedrooms, 1 bath, new flooring, paint and newer windows. Both units are vacant. Rent $1025. Certificate of Compliance thru 10/25/2022.

Last Agent to Sell the Property

Tanya Craig

Keller Williams GR East License #6502364151 Listed on: 06/10/2022

Keller Williams GR East

Last Buyer's Agent

Cassandra Clark

Keller Williams GR East License #6501421483

Keller Williams GR East

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $959

Year Built

  • Built in 1900

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 2,788 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, trash collection, gas
  • The owner pays for water, sewer

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Maintenance Expense $5,198
  • Manager Expense $2,615
  • Operating Expense $10,360
  • Gross Income $28,690
  • Net Operating Income $18,384

Property Details

Home Type

Apartment

Est. Annual Taxes

$959

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 195000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2788.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Trash Collection, Gas

Multi Family

  • Gross Income: 28690.0
  • Maintenance Expense: 5198.0
  • Manager Expense: 2615.0
  • Net Operating Income: 18384.0
  • Number of Units Total: 3
  • Operating Expense: 10360.0

Tax Info

  • Tax Annual Amount: 959.06
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2024
Closed on
Sep 25, 2024
Sold by
Gibson Jesse Alan
Bought by
Soe Wunna
Seller's Agent
Cassandra Beyer
Charter Properties
Buyer's Agent
Ahmed Khalil
eXp Realty LLC
List Price
$400,000
Sold Price
$385,000
Premium/Discount to List
-$15,000
-3.75%
Views
10
Current Estimated Value
$222,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$162,453
Avg. Annual Appreciation
-30.71%
Original Mortgage
$120,000
Outstanding Balance
$119,109
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$151,593

Purchase Details

Listed on
Jun 10, 2022
Closed on
Jul 14, 2022
Sold by
Jerad A Bailey Trust
Bought by
Gibson Jesse
Seller's Agent
Tanya Craig
Keller Williams GR East
Buyer's Agent
Cassandra Clark
Keller Williams GR East
List Price
$195,000
Sold Price
$204,000
Premium/Discount to List
$9,000
4.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.47%
Original Mortgage
$142,800
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2017
Sold by
Custom Home Rentals Llc
Bought by
Bailey Jerad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,600
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2017
Sold by
Bailey Jerad A
Bought by
Bailey Jerad A and Jerad A Bailey Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,600
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 2017
Sold by
Cruz Pascual and Cruz Juana
Bought by
Custom Home Rentals L L C

Purchase Details

Closed on
Feb 22, 1996
Sold by
Berg Berg J J and Berg Cruz P
Bought by
Cruz Cruz P and Cruz 26

Purchase Details

Closed on
Feb 21, 1996
Sold by
Berg White
Bought by
Berg and Berg 26

Purchase Details

Closed on
Feb 20, 1996
Bought by
White and 26

Purchase Details

Closed on
Feb 19, 1996
Sold by
White White J J and White Zwyghuzn
Bought by
Zwyghuzn and 26

Purchase Details

Closed on
Nov 3, 1994
Sold by
White White J J and White Berg J
Bought by
Cruz Pascual Juana

Purchase Details

Closed on
Jul 5, 1984
Bought by
Cruz Pascual Juana
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $150,000 None Listed On Document
Warranty Deed $204,000 None Listed On Document
Warranty Deed $138,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $85,000 Essential Title Agency Inc
Warranty Deed $30,000 --
Warranty Deed $16,900 --
Warranty Deed $12,500 --
Warranty Deed $11,000 --
Deed $16,900 --
Deed $9,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $120,000 New Conventional
Previous Owner $142,800 New Conventional
Previous Owner $96,600 Commercial
Previous Owner $76,500 Unknown
Previous Owner $12,689 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2024 09/25/24 Sold $385,000 -3.8% --
08/21/2024 08/21/24 Pending -- -- --
07/30/2024 07/30/24 For Sale $400,000 0.0% --
07/24/2024 07/24/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $400,000 +96.1% --
07/15/2022 07/15/22 Sold $204,000 +4.6% --
06/11/2022 06/11/22 Pending -- -- --
06/10/2022 06/10/22 For Sale $195,000 -- --
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 $2,148 $54,200 $0 $0
2024 $2,148 $52,700 $0 $0
2023 $2,092 $41,000 $0 $0
2022 $1,014 $35,700 $0 $0
2021 $988 $28,900 $0 $0
2020 $955 $23,300 $0 $0
2019 $978 $21,900 $0 $0
2018 $948 $17,900 $0 $0
2017 $581 $15,600 $0 $0
2016 $584 $15,400 $0 $0
2015 $556 $15,400 $0 $0
2013 -- $15,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22023246

Southwestern Michigan Association of REALTORS®

APN: 41-13-36-380-025