NOT LISTED FOR SALE

1085 1st St Muskegon, MI 49440

Nelson Neighborhood

Estimated Value: $137,000 - $164,000

4 Beds
3 Baths
1,764 Sq Ft
$87/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $130,000 $74 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,041/month

5 Days on Market

About This Home

As of September 2022

Great investment opportunity in the heart of Midtown Muskegon: vacant duplex with potential third unit just a few blocks from Hackley Park and the lakeshore. Move-in ready for tenants or owner with hardwood flooring and separate parking. Unfinished space with separate entrance in the rear of the building.

Last Agent to Sell the Property

Nicole Larson

Lighthouse Property Management License #6501328546 Listed on: 07/06/2022

Co-Listed By

Erin Duffy Rauch

Lighthouse Property Management License #6501413233

Last Buyer's Agent

Clarence Colegrove

TrenSyd Realty LLC License #6502362692

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,157

Year Built

  • Built in 1900

Lot Details

  • 3,180 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,157

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

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 129900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3180.0
  • Zoning Description: R
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1156.89
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Sep 30, 2022
Sold by
Jds Real Estate Llc
Bought by
Wood Mark
Seller's Agent
Nicole Larson
Lighthouse Property Management
Buyer's Agent
Clarence Colegrove
TrenSyd Realty LLC
List Price
$129,900
Sold Price
$130,000
Premium/Discount to List
$100
0.08%
Current Estimated Value
$153,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,687
Avg. Annual Appreciation
5.97%
Original Mortgage
$104,000
Outstanding Balance
$99,826
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$54,409

Purchase Details

Closed on
Jun 27, 2017
Sold by
Investus Exit Strategy Mi Llc
Bought by
Jds Real Estate Llc

Purchase Details

Closed on
Aug 25, 2015
Sold by
Exit Strategy December 12 Llc
Bought by
Investus Exit Strategy Michigan Llc

Purchase Details

Closed on
Feb 11, 2014
Sold by
Right Buy Properties Llc
Bought by
Exit Strategy December 12 Llc

Purchase Details

Closed on
Dec 11, 2013
Sold by
Singleton Joyce M
Bought by
Right Buy Properties Llc
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
Wood Mark $130,000 --
Jds Real Estate Llc $15,000 None Available
Investus Exit Strategy Michigan Llc -- Attorney
Exit Strategy December 12 Llc -- Multiple
Right Buy Properties Llc $397,674 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wood Mark $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $130,000 +0.1% $74 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $129,900 -- $74 / Sq Ft
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 $2,522 $65,400 $0 $0
2024 $522 $54,000 $0 $0
2023 $471 $40,200 $0 $0
2022 $1,006 $29,300 $0 $0
2021 $1,151 $26,700 $0 $0
2020 $1,125 $23,300 $0 $0
2019 $1,105 $18,400 $0 $0
2018 $1,080 $17,100 $0 $0
2017 $1,078 $17,900 $0 $0
2016 $202 $17,100 $0 $0
2015 -- $18,100 $0 $0
2014 $223 $20,100 $0 $0
2013 -- $18,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nicole Larson

    Lighthouse Property Management

    (616) 773-0016

    15 in this area

    127 Total Sales

    Nicole Larson
    Section Image

  • E

    Seller Co-Listing Agent in 2022

    Erin Duffy Rauch

    Lighthouse Property Management

    Section Image

  • C

    Buyer's Agent in 2022

    Clarence Colegrove

    TrenSyd Realty LLC

    (231) 578-2062

    1 in this area

    43 Total Sales

    Clarence Colegrove
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22027947

Southwestern Michigan Association of REALTORS®

APN: 24-205-352-0009-00

Michigan Muskegon County Muskegon 49440 Nelson

1085 1st St, Muskegon, MI

This home is located at 1085 1st St, Muskegon, MI 49440 since 06 July 2022 and is currently estimated at $153,687, approximately $87 per square foot. This property was built in 1900. 1085 1st St is a home located in Muskegon County with nearby schools including Three Oaks Public School Academy, Muskegon Maritime Academy, and Muskegon Covenant Academy.

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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