Seller's Agent in 2023
Laura DeLong
DeLong and Co.
(517) 663-2710
92 in this area
264 Total Sales
1111 Water St Eaton Rapids, MI 48827
Estimated Value: $117,000 - $170,000
4
Beds
2
Baths
1,536
Sq Ft
$93/Sq Ft
Est. Value
Highlights
- Boat Slip
- Corner Lot
- Balcony
- Traditional Architecture
- Private Yard
- Wood Frame Window
About This Home
As of November 2023Welcome to this charming two-story, two-unit rental property situated on a generous corner lot within a tranquil neighborhood. This property offers an exceptional opportunity! With its prime location, thoughtful layout, and modern amenities, it is an ideal investment for both homeowners and investors alike. The property boasts an expansive corner lot, providing ample space for outdoor activities. A well-kept exterior enhances the curb appeal, making the property inviting and eye-catching. Mature trees and landscaping elements provide shade and privacy, creating a serene atmosphere. The main floor apartment offers a convenient one-bedroom, one-bathroom layout, catering to comfortable living. The open-concept living area provides a seamless flow between the living room, dining area, and kitchen, maximizing space and promoting interaction. The In-unit laundry provides added convenience, eliminating the need to use communal laundry spaces. The second-floor apartment offers a more spacious layout with two bedrooms and one bathroom, catering to small families or roommates. The living area provides flexibility for arranging furniture and accommodating various lifestyles. Both kitchens are designed with functionality in mind.
Last Agent to Sell the Property
DeLong and Co. License #6502382220 Listed on: 08/07/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,058
Year Built
- Built in 1900
Lot Details
- 0.3 Acre Lot
- Private Entrance
- Corner Lot
- Level Lot
- Few Trees
- Private Yard
- Front Yard
Home Design
- Traditional Architecture
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,536 Sq Ft Home
- 2-Story Property
- Wood Frame Window
- Storm Windows
Flooring
- Carpet
- Vinyl
Laundry
- Laundry on main level
- Electric Dryer Hookup
Basement
- Michigan Basement
- Shared Basement
- Crawl Space
Parking
- 4 Parking Spaces
- Gravel Driveway
Outdoor Features
- Boat Slip
- Balcony
- Enclosed Glass Porch
Location
- City Lot
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $15,600
Community Details
Overview
- 2 Units
Building Details
- Electric Expense $900
- Insurance Expense $23,200
- Maintenance Expense $3,000
- Manager Expense $1,333
- Water Sewer Expense $840
- New Taxes Expense $2,058
- Operating Expense $6,754
- Net Operating Income $5,400
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 7, 2023
Closed on
Nov 21, 2023
Sold by
Cowles Properties Llc
Bought by
Watkins Property Management Llc
Seller's Agent
Laura DeLong
DeLong and Co.
List Price
$135,000
Sold Price
$105,000
Premium/Discount to List
-$30,000
-22.22%
Views
212
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,560
Avg. Annual Appreciation
19.74%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Watkins Property Management Llc | $105,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cowles Properties Llc | $162,000 | |
| Previous Owner | Cowles Properties Llc | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2023 11/21/23 | Sold | $105,000 | -8.7% | $68 / Sq Ft |
| 10/24/2023 10/24/23 | Pending | -- | -- | -- |
| 09/21/2023 09/21/23 | Price Changed | $115,000 | -14.8% | $75 / Sq Ft |
| 08/07/2023 08/07/23 | For Sale | $135,000 | -- | $88 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | $3,375 | $53,700 | $0 | $0 |
| 2024 | $2,164 | $58,200 | $0 | $0 |
| 2023 | $1,330 | $61,000 | $0 | $0 |
| 2022 | $1,977 | $51,400 | $0 | $0 |
| 2021 | $1,909 | $39,000 | $0 | $0 |
| 2020 | $1,888 | $35,600 | $0 | $0 |
| 2019 | $1,860 | $38,897 | $0 | $0 |
| 2018 | $1,817 | $32,812 | $0 | $0 |
| 2017 | $1,750 | $31,550 | $0 | $0 |
| 2016 | -- | $29,900 | $0 | $0 |
| 2015 | -- | $29,050 | $0 | $0 |
| 2014 | -- | $31,400 | $0 | $0 |
| 2013 | -- | $31,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 275060
APN: 300-084-604-020-00
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