NOT LISTED FOR SALE

108 E Exchange St Gobles, MI 49055

Estimated Value: $154,805 - $182,000

4 Beds
3 Baths
-- Sq Ft
741 Sq Ft Lot

Last Sold May 11, 2022

Last sale price $125,000

Est. 39% increase in value since last sale

Current estimated payment $1,041/month

10 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding
  • Corner Lot: Yes

About This Home

As of May 2022

Don't look at the outside only!! The units interiors have been updated in the past years, and utilities are separate. New Metal roof installed put has a very small section to finish. Most of the windows are replaced. In town walking distance to stores, play grounds, park and Kal Haven trails. Unit 1 upper has a new furnace install in 2022, and also has a enclosed porch that could be a great place for washer and dryer for all units if you don't want to supply for each unit. Unit 2 eastside has a water spot in the bathroom tub area (this was before the new roof was installed) It's furnace is in the basement. Unit 3 West side has a it's furnace on the main floor, there are two new windows (which stay) to be install in the front, washer and dryer stays, and it has a hardwood floor in the living area. All 3-water heaters are in the basement. Seller pays Water and Garbage only. Being sold "As Is".

Last Agent to Sell the Property

Chris Larsen

Berkshire Hathaway HomeServices MI License #6501218660 Listed on: 03/29/2022

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Gary Laduke

Michigan Top Producers License #6501286437

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,230

Year Built

  • Built in 1900

Lot Details

  • 741 Sq Ft Lot
  • Lot Dimensions are 100 x76x100x76
  • Corner Lot: Yes

Parking

  • 5 Parking Spaces

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $650
  • Utility Expense $690
  • Operating Expense $650
  • Net Operating Income $460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,230

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100 x76x100x76
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2230.0
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Water: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Substructure:Michigan Basement: Yes
  • Roofing:Metal: Yes
  • Extras:Sep Gas Meter: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 129900.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available
  • Sewer Septic Tank: Yes

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size Area: 0.02
  • Lot Dimensions: 100 x76x100x76
  • Lot Size Sq Ft: 741.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 650.0
  • Net Operating Income: 460.0
  • Number of Units Total: 3
  • Operating Expense: 650.0

Tax Info

  • Tax Annual Amount: 2230.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2022
Closed on
May 11, 2022
Sold by
Rose Tamera B
Bought by
Parson Patrick
Seller's Agent
Chris Larsen
Berkshire Hathaway HomeServices MI
Buyer's Agent
Gary Laduke
Michigan Top Producers
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%
Current Estimated Value
$173,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,451
Avg. Annual Appreciation
10.44%
Original Mortgage
$87,500
Outstanding Balance
$83,257
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$90,194

Purchase Details

Closed on
Dec 9, 2020
Sold by
Rose Delano R
Bought by
Rose Delano Rudy

Purchase Details

Closed on
Oct 10, 2002
Bought by
Rose Delano

Purchase Details

Closed on
Feb 25, 1998
Sold by
Harbolt Lawrence
Bought by
Winder Christopher A

Purchase Details

Closed on
Jun 23, 1997
Sold by
Harbolt Lawrence and Harbolt Christine R
Bought by
Harbolt Larry
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
Parson Patrick $125,000 None Listed On Document
Rose Tamera B -- None Listed On Document
Rose Delano Rudy -- None Available
Rose Delano Rudy -- None Available
Rose Delano $32,000 --
Winder Christopher A -- --
Harbolt Larry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parson Patrick $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $125,000 -3.8% --
04/08/2022 04/08/22 Pending -- -- --
04/06/2022 04/06/22 Price Changed $129,900 -3.8% --
03/29/2022 03/29/22 For Sale $135,000 -- --
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 $1,164 $70,400 $0 $0
2024 $1,164 $58,000 $0 $0
2023 $1,164 $42,700 $0 $0
2022 $2,291 $40,700 $0 $0
2021 $2,230 $33,100 $2,300 $30,800
2020 $2,213 $33,100 $2,300 $30,800
2019 $2,149 $32,200 $32,200 $0
2018 $2,051 $32,200 $32,200 $0
2017 $1,997 $35,800 $0 $0
2016 $1,755 $34,100 $0 $0
2015 $778 $34,100 $0 $0
2014 $764 $30,400 $0 $0
2013 -- $28,800 $28,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22010147

Southwestern Michigan Association of REALTORS®

APN: 80-51-206-001-00