NOT LISTED FOR SALE

112 Mill St Colon, MI 49040

Estimated Value: $110,012 - $154,000

Studio
2 Baths
1,383 Sq Ft
$102/Sq Ft Est. Value

Last Sold February 02, 2022

Last sale price $87,000 $63 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $824/month

181 Days on Market

About This Home

As of February 2022

Investment opportunity in the Magic Capital!! 2 unit, 2 bed 1 bath on the main and 1 bed 1 bath upstairs. New roof in the last 5 years. Main level is occupied.

Last Agent to Sell the Property

Mary Rosenberry

Berkshire Hathaway HomeServices Michigan Real Estate License #6501322201 Listed on: 01/03/2022

Berkshire Hathaway HomeServices Michigan Real Estate

Last Buyer's Agent

Karissa Finnerman Rarick

Five Star Real Estate License #6501386288

Five Star Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,352

Year Built

  • Built in 1900

Lot Details

  • 2,178

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

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

Additional Features

  • Michigan Basement
  • 2,178 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,352

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

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 95000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2178.0
  • Zoning Description: residentail
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1352.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2022
Closed on
Feb 2, 2022
Sold by
Stoll Todd R and Stoll Kathleen M
Bought by
Finrick Llc
Seller's Agent
Mary Rosenberry
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Karissa Finnerman Rarick
Five Star Real Estate
Sold Price
$87,000
Current Estimated Value
$140,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,753
Avg. Annual Appreciation
12.95%
Original Mortgage
$65,250
Outstanding Balance
$60,516
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$80,237

Purchase Details

Closed on
Sep 17, 2015
Sold by
Watson Linda Salvesen
Bought by
Stoll Todd R and Stoll Kathleen M

Purchase Details

Closed on
Dec 17, 2012
Sold by
Watson Lawrence B and Watson Linda Salvesen
Bought by
Revocable Trust Agreement Of Lawrence B

Purchase Details

Closed on
Sep 27, 2010
Sold by
Cook Joseph Todd and Cook Tracie S
Bought by
Watson Lawrence B and Salvesen Watson Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
4.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 14, 1995

Purchase Details

Closed on
Jan 1, 1901
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Finrick Llc $87,000 Title Resource Agency
Stoll Todd R $41,500 Patrick Abstract
Revocable Trust Agreement Of Lawrence B -- None Available
Watson Lawrence B $36,200 Lighthouse Title Inc
Cook Joseph Todd $45,000 Lighthouse Title Inc
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finrick Llc $65,250
Previous Owner Cook Joseph Todd $27,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2022 02/02/22 Sold $87,000 -8.4% $63 / Sq Ft
12/30/2021 12/30/21 Pending -- -- --
08/02/2021 08/02/21 For Sale -- -- --
07/26/2021 07/26/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $95,000 -- $69 / Sq Ft
Source: MichRIC

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 $1,056 $46,300 $1,200 $45,100
2024 $1,032 $43,400 $1,300 $42,100
2023 $1,852 $40,000 $1,300 $38,700
2022 $0 $30,400 $1,300 $29,100
2021 $0 $28,400 $1,300 $27,100
2020 $304 $30,200 $900 $29,300
2019 $233 $24,700 $900 $23,800
2018 $1,222 $21,500 $900 $20,600
2017 $1,244 $22,100 $22,100 $0
2016 -- $21,700 $21,700 $0
2015 -- $20,900 $0 $0
2014 -- $21,500 $21,500 $0
2012 -- $16,900 $16,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Rosenberry

    Seller's Agent in 2022

    Mary Rosenberry

    Berkshire Hathaway HomeServices Michigan Real Estate

    (269) 503-0714

    201 Total Sales

    Mary Rosenberry
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Map

Source: MichRIC

MLS Number: 21025749

MichRIC

APN: 041-180-040-00

Michigan St. Joseph County Colon 49040

112 Mill St, Colon, MI

Not Listed for Sale

MultiFamily

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