NOT LISTED FOR SALE

115 E Liberty St Belding, MI 48809

Estimated Value: $181,000 - $199,000

3 Beds
2 Baths
1,344 Sq Ft
$140/Sq Ft Est. Value

Last Sold December 15, 2017

Last sale price $40,000 $30 Per Sq Ft

Est. 371% increase in value since last sale

Current estimated payment $1,208/month

12 Days on Market

About This Home

As of December 2017

Great investment opportunity in downtown Belding. 2 unit home, off street parking, close to elementary school.
Home needs work, currently occupied by long term tenants, being sold as is, cash only, no land contracts. Unit 1 has 3 beds/1 bath $570 per month. Unit 2 is a studio 1bed/1bath $325. Tenants cover gas and electricity. Seller is a licensed real estate sales person in the State of Michigan.

Last Agent to Sell the Property

Timothy Hullinger

616 Realty LLC License #6501388729 Listed on: 11/24/2017

616 Realty LLC

Last Buyer's Agent

Roxanne O'Neil

ERA Reardon Realty Great Lakes License #6501397789

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 6,446 Sq Ft Lot
  • Lot Dimensions are 66x98

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Michigan Basement
  • Partial Basement

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x98
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1325.0
  • Tax Info:Zoning3: R15
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Radiant: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 45000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Radiant, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6446.0
  • Zoning Description: R15
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1325.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2017
Closed on
Dec 15, 2017
Sold by
Kt Hullinger Properties
Bought by
Thenikl Larry J
Seller's Agent
Timothy Hullinger
616 Realty LLC
Buyer's Agent
Roxanne O'Neil
ERA Reardon Realty Great Lakes
List Price
$45,000
Sold Price
$40,000
Premium/Discount to List
-$5,000
-11.11%
Current Estimated Value
$188,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,267
Avg. Annual Appreciation
21.22%

Purchase Details

Listed on
May 21, 2016
Closed on
Sep 22, 2016
Sold by
Woodtrail Properties Llc
Bought by
Kt Hullinger Properties Llc
Seller's Agent
Kathy Sisler
Kathleen Rose Sisler
Buyer's Agent
Timothy Hullinger
616 Realty LLC
List Price
$39,900
Sold Price
$25,000
Premium/Discount to List
-$14,900
-37.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.54%

Purchase Details

Closed on
Jul 11, 1998
Bought by
Woodtrail Properties Llc
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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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
Thenikl Larry J $40,000 --
Kt Hullinger Properties Llc -- None Available
Woodtrail Properties Llc $46,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/15/2017 12/15/17 Sold $40,000 -11.1% $30 / Sq Ft
12/06/2017 12/06/17 Pending -- -- --
11/24/2017 11/24/17 For Sale $45,000 +80.0% $33 / Sq Ft
09/22/2016 09/22/16 Sold $25,000 -37.3% $19 / Sq Ft View Prior Sale
08/06/2016 08/06/16 Pending -- -- --
05/21/2016 05/21/16 For Sale $39,900 -- $30 / 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 $2,683 $73,300 $10,600 $62,700
2024 $2,564 $73,300 $10,600 $62,700
2023 $2,454 $54,400 $9,800 $44,600
2022 $2,337 $54,400 $9,800 $44,600
2021 $2,376 $45,800 $6,300 $39,500
2020 $2,255 $45,800 $6,300 $39,500
2019 $1,297 $42,200 $6,000 $36,200
2018 $2,298 $29,000 $6,900 $22,100
2017 $1,729 $29,000 $6,900 $22,100
2016 $1,297 $24,500 $4,300 $20,200
2015 -- $24,500 $4,300 $20,200
2014 $1,472 $23,100 $4,100 $19,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 17057061

MichRIC

APN: 403-060-000-035-00