NOT LISTED FOR SALE

Estimated Value: $202,000 - $257,000

-- Bed
-- Bath
-- Sq Ft
0.32 Acres

Last Sold April 11, 2023

Last sale price $180,000

Est. 29% increase in value since last sale

Current estimated payment $1,681/month

4 Days on Market

Highlights

  • Window Unit Cooling System
  • Level Lot
  • Radiant Heating System
  • High Speed Internet
  • Wood Siding

About This Home

As of April 2023

Highest and Best by Sunday, 3/19 at 4 pm!
Wonderful Spring Arbor duplex located across the street from Spring Arbor University! Each unit hosts 2 bedrooms, 1 bath and 870 sq. ft. of living space. Renters will enjoy a sizable eat-in kitchen, washer, dryer and storage unit. The investment is perfect for instant income, or an owner-occupied home. Roof was new in 2021.
This Western school's gem has great rental history with one unit becoming available for lease at the end of the month. Tenants currently pay all utilities.

Last Agent to Sell the Property

Christy Cottingham

ERA REARDON REALTY, L.L.C. License #6501392484 Listed on: 03/16/2023

ERA REARDON REALTY, L.L.C.

Last Buyer's Agent

BRETT MILES

C-21 Affiliated - Jackson License #6501379516

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,682

Year Built

  • Built in 1970

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 90 x 155
  • Level Lot

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Window Unit Heating System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Additional Features

  • Crawl Space
  • Stepless Entry

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,682

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1970
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 90 x 155
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3682.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Heat Type:Radiant: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Crawl Space: Yes
  • Accessibility Feat:No Step Entrance: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Covered Entrance, No Step Entrance
  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 170000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Radiant, Electric
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Size Sq Ft: 13939.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3682.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2018
Closed on
Feb 27, 2019
Sold by
Poole Ernest J and Poole Joan K
Bought by
Oliver Richard L and Oliver Marta L
Seller's Agent
Benjamin Kono
EXIT REALTY 1ST LLC
Buyer's Agent
Christy Cottingham
ERA REARDON REALTY, L.L.C.
Sold Price
$112,000
Current Estimated Value
$232,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,366
Avg. Annual Appreciation
10.77%
Original Mortgage
$84,000
Outstanding Balance
$74,148
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$143,393

Purchase Details

Closed on
Jul 13, 2005
Sold by
Poole Ernest J and Poole Joan K
Bought by
Poole Ernest J and Poole Joan K
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 Buyer Sale Price Title Company
Oliver Richard L $112,000 Midstate Ttl Agcy Of Souther
Poole Ernest J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oliver Richard L $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2023 04/11/23 Sold $180,000 +5.9% --
03/16/2023 03/16/23 For Sale $170,000 +51.8% --
02/27/2019 02/27/19 Sold $112,000 -- --
01/18/2019 01/18/19 Pending -- -- --
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 $4,982 $87,100 $0 $0
2024 $3,584 $87,800 $0 $0
2023 $2,851 $81,500 $0 $0
2022 $3,682 $64,700 $0 $0
2021 $3,625 $63,070 $0 $0
2020 $3,625 $71,730 $0 $0
2019 $2,219 $66,810 $0 $0
2018 $2,197 $56,610 $8,370 $48,240
2017 $2,101 $58,470 $0 $0
2016 $1,559 $58,430 $58,430 $0
2015 $36,386 $54,490 $54,490 $0
2014 $36,386 $50,010 $50,010 $0
2013 -- $50,010 $50,010 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23007589

Southwestern Michigan Association of REALTORS®

APN: 160-12-21-102-010-01