NOT LISTED FOR SALE

117 Locust St Big Rapids, MI 49307

Estimated Value: $639,056

9 Beds
9 Baths
-- Sq Ft
8,929 Sq Ft Lot

Last Sold February 02, 2018

Last sale price $315,000

Est. 103% increase in value since last sale

Current estimated payment $3,571/month

126 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Wood Siding
  • Laundry Facilities

About This Home

As of February 2018

Ideal student housing building in walkable location between downtown Big Rapids and Ferris State University campus. The property accommodates 9 studio apartments and is a very quiet. Downstairs apartment has a kitchen, and a large studio area. Most apartments offer a covered porch for grill, bike and chairs. The building is currently fully occupied with leases through the end of the 2018 school year. It offers shared laundry facilities and off street parking.

Last Agent to Sell the Property

Mark Baker

Michigan Commercial Properties License #6502358407 Listed on: 09/21/2017

Last Buyer's Agent

Mark Baker

Michigan Commercial Properties License #6502358407 Listed on: 09/21/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,869

Year Built

  • Built in 1900

Lot Details

  • 8,929 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 9 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,869

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 329900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Electric, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 8929.0
  • Zoning Description: R-3 RESIDENTIAL
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 9

Tax Info

  • Tax Annual Amount: 2868.83
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2017
Closed on
Feb 7, 2018
Sold by
Alpine Tax Deferred Exchange Co L L C
Bought by
Dnm Properties L L C
Seller's Agent
Mark Baker
Michigan Commercial Properties
Buyer's Agent
Mark Baker
Michigan Commercial Properties
List Price
$395,900
Sold Price
$315,000
Premium/Discount to List
-$80,900
-20.43%
Total Days on Market
126
Current Estimated Value
$639,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,056
Avg. Annual Appreciation
10.07%

Purchase Details

Listed on
Sep 21, 2017
Closed on
Dec 20, 2017
Sold by
Heavner William and Heavner Cathy L
Bought by
Heavner Properties Inc
Seller's Agent
Mark Baker
Michigan Commercial Properties
Buyer's Agent
Mark Baker
Michigan Commercial Properties
List Price
$395,900
Sold Price
$315,000
Premium/Discount to List
-$80,900
-20.43%

Purchase Details

Closed on
Jan 26, 2017
Sold by
York Frank and York Ruth
Bought by
Heavner William and Heavner Cathy L

Purchase Details

Closed on
Jan 28, 2008
Sold by
York Frank and York Ruth
Bought by
Heavner William and Heavner Cathy 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
Dnm Properties L L C $315,000 Lakeland Title
Heavner Properties Inc -- Lakeland Title
Heavner William $150,000 Lakeland Title
Heavner William -- Lakeland Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2018 02/02/18 Sold $315,000 -20.4% --
01/25/2018 01/25/18 Pending -- -- --
09/21/2017 09/21/17 For Sale $395,900 -- --
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
2024 $0 $151,700 $0 $0
2023 -- $147,400 $0 $0
2022 $6,671 $120,100 $0 $0
2021 $6,671 $109,200 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2014 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Baker

    Seller's Agent in 2018

    Mark Baker

    Michigan Commercial Properties

    (616) 299-4146

    22 Total Sales

    Mark Baker
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17048027

Southwestern Michigan Association of REALTORS®

APN: 5417-14-109-007

Michigan Mecosta County Big Rapids 49307

117 Locust St, Big Rapids, MI

This home is located at 117 Locust St, Big Rapids, MI 49307 since 21 September 2017 and is currently estimated at $639,056. This property was built in 1900. 117 Locust St is a home located in Mecosta County with nearby schools including Big Rapids High School, Crossroads Charter Academy Elementary School, and Crossroads Charter Academy Middle/High School.

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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