NOT LISTED FOR SALE

Estimated Value: $173,000 - $225,062

5 Beds
3 Baths
2,421 Sq Ft
$83/Sq Ft Est. Value

Last Sold December 11, 2020

Last sale price $132,650 $55 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,335/month

5 Days on Market

Highlights

  • 1 Fireplace
  • Wood Siding
  • Heating System Uses Natural Gas
  • Corner Lot: Yes

About This Home

As of December 2020

Turn key investment opportunity! Large 3 unit offering over 2400 sq ft of living space. Long term tenants of 5+ years. New roof and redecking 2020. Unit 1: Main floor 3 bedroom unit. Unit 2: Upper 1 bedroom unit. Unit 3: Upper 1 bedroom unit. Upper units both have enclosed staircases. All units have replacement windows and aluminum wrapped trim. Boiler heat services entire building. 80 Gallon water heater services all units. Seller pays gas, but electric is separate. Fenced side yard and lots of parking spaces. Seller requests tenants not be disturbed. Buyer to verify all information.

Last Agent to Sell the Property

Thomas Serio

Five Star Real Estate Listed on: 11/06/2020

Last Buyer's Agent

Tyler Johnson

Clear Realty Group License #6502432839

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,713

Year Built

  • Built in 1940

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 87x126
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Location

  • Mineral Rights Excluded

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,713

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 87x126
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1713.0
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Heat Type:Radiant: Yes
  • Driveway:Gravel: Yes
  • Mineral Rights:No: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 120000.0
  • Lot Features: Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Radiant, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: None Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Dimensions: 87x126
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1713.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2021
Sold by
Cushman Sean
Bought by
Fennec Llc
Current Estimated Value
$200,516

Purchase Details

Listed on
Nov 6, 2020
Closed on
Dec 11, 2020
Sold by
Stephens Homes And Investments Llc
Bought by
Cushman Sean
Seller's Agent
Thomas Serio
Five Star Real Estate
Buyer's Agent
Tyler Johnson
Clear Realty Group
List Price
$120,000
Sold Price
$132,650
Premium/Discount to List
$12,650
10.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%
Original Mortgage
$106,120
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2019
Sold by
Arnoldi Eric John and Arnoldi Eric
Bought by
Stephens Homes & Investments Llc

Purchase Details

Closed on
Dec 16, 2004
Sold by
City Of Muskegon
Bought by
Arnoldi Eric

Purchase Details

Closed on
Sep 23, 2003
Sold by
Arnoldi Eric John
Bought by
Arnoldi Eric John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,023
Interest Rate
6.4%
Mortgage Type
FHA
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
Fennec Llc -- None Available
Cushman Sean $132,650 Ata National Title Group Llc
Stephens Homes & Investments Llc $50,000 None Available
Arnoldi Eric -- --
Arnoldi Eric John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cushman Sean $106,120
Previous Owner Arnoldi Eric $36,000
Previous Owner Arnoldi Eric John $55,023
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $132,650 +10.5% $55 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $120,000 -- $50 / 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 $2,842 $102,900 $0 $0
2024 $536 $79,300 $0 $0
2023 $513 $61,600 $0 $0
2022 $2,364 $44,700 $0 $0
2021 $2,325 $40,300 $0 $0
2020 $1,930 $30,600 $0 $0
2019 $1,654 $27,500 $0 $0
2018 $1,909 $28,100 $0 $0
2017 $1,872 $28,800 $0 $0
2016 $294 $27,900 $0 $0
2015 -- $26,600 $0 $0
2014 $288 $26,400 $0 $0
2013 -- $24,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20046688

Southwestern Michigan Association of REALTORS®

APN: 24-205-279-0001-00