NOT LISTED FOR SALE

1147 3rd St Muskegon, MI 49441

Nelson Neighborhood

Estimated Value: $659,738

-- Bed
1 Bath
5,712 Sq Ft
$116/Sq Ft Est. Value

Last Sold June 22, 2021

Last sale price $470,000 $82 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,176/month

Highlights

  • Forced Air Heating System
  • Hot Water Heating System
  • 2-minute walk to St Joseph Park

About This Home

As of June 2021

100% remodeled mixed use property right in the heart of Midtown Muskegon. All 5 apartments have new cabinets, appliances, flooring, bathrooms, lighting, and paint. The electrical service was just split out into individual meters per unit. The property has new windows and new mechanicals. One commercial space was just built out and rented on a new 5year commercial lease. The remaining space has a long term tenant who is on a M-M lease. This Property was sold before broadcast

Last Agent to Sell the Property

Kathy Dennison

Lighthouse Property Management License #6502319881 Listed on: 06/22/2021

Last Buyer's Agent

Nicole Larson

Lighthouse Property Management License #6501328546

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,000

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 12 Parking Spaces

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Cable TV Available

Community Details

  • 7 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,000

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 475000.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 12.0

Utilities

  • Heating: Hot Water, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5227.0
  • Zoning Description: B2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electricity

Multi Family

  • Number of Units Total: 7

Tax Info

  • Tax Annual Amount: 5000.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Jun 14, 2021
Sold by
Iis Properties Llc
Bought by
Rjc Property Holdings Llc
Seller's Agent
Kathy Dennison
Lighthouse Property Management
Buyer's Agent
Nicole Larson
Lighthouse Property Management
List Price
$475,000
Sold Price
$470,000
Premium/Discount to List
-$5,000
-1.05%
Current Estimated Value
$659,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,738
Avg. Annual Appreciation
6.92%
Original Mortgage
$341,250
Outstanding Balance
$310,971
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$314,798

Purchase Details

Closed on
Nov 1, 2018
Sold by
Cowins Kittie L
Bought by
1145 3Rd Street Llc

Purchase Details

Closed on
Oct 31, 2018
Sold by
1145 3Rd Street Llc
Bought by
Iis Properties Llc

Purchase Details

Closed on
Oct 31, 2014
Sold by
Cowins Kittie L
Bought by
1145 3Rd Street Llc

Purchase Details

Closed on
Sep 18, 2012
Sold by
Cowins Terry L
Bought by
Cowins Kittie L
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
Rjc Property Holdings Llc $470,000 None Available
1145 3Rd Street Llc $95,000 None Available
Iis Properties Llc -- None Available
1145 3Rd Street Llc -- None Available
Cowins Kittie L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rjc Property Holdings Llc $341,250
Closed 1145 3Rd Street Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2021 06/22/21 Sold $470,000 -1.1% $82 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $475,000 -- $83 / 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 $8,132 $175,000 $0 $0
2024 $1,534 $144,600 $0 $0
2023 $1,466 $137,800 $0 $0
2022 $7,942 $119,100 $0 $0
2021 $5,812 $95,300 $0 $0
2020 $5,695 $93,200 $0 $0
2019 $5,113 $81,000 $0 $0
2018 $3,597 $64,400 $0 $0
2017 $3,993 $59,700 $0 $0
2016 $652 $58,800 $0 $0
2015 -- $55,500 $0 $0
2014 $588 $55,000 $0 $0
2013 -- $54,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathy Dennison

    Seller's Agent in 2021

    Kathy Dennison

    Lighthouse Property Management

    (616) 257-9577

    2 in this area

    36 Total Sales

    Kathy Dennison
    Section Image

  • N

    Buyer's Agent in 2021

    Nicole Larson

    Lighthouse Property Management

    (616) 773-0016

    15 in this area

    128 Total Sales

    Nicole Larson
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21023823

Southwestern Michigan Association of REALTORS®

APN: 24-205-367-0011-10

Michigan Muskegon County Muskegon 49440 Nelson

1147 3rd St, Muskegon, MI

This home is located at 1147 3rd St, Muskegon, MI 49441 since 22 June 2021 and is currently estimated at $659,738, approximately $115 per square foot. This property was built in 1930. 1147 3rd St is a home located in Muskegon County.

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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