NOT LISTED FOR SALE

118 E River St Unit 1 Cadillac, MI 49601

Estimated Value: $156,000 - $203,000

4 Beds
2 Baths
1,500 Sq Ft
$117/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $133,400 $89 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,252/month

18 Days on Market

Highlights

  • Great Room
  • Forced Air Heating and Cooling System
  • Shed
  • Covered Patio or Porch

About This Home

As of August 2021

Nice duplex, great investment, good condition, fully rented! Two-2 bedroom units with the following updates from the previous owner: roof, windows, insulation, siding, cabinetry, drywall, paint, flooring, and furnaces. Both apartments are independent with their own laundry facilities. Downstairs unit has access to covered front porch and the full basement for storage purposes only. City services - water, sewer, trash, recycling, cable tv & internet. Great parking - driveway off River St and large approach off the back alley. Walk or bike to downtown, Lake Cadillac, library, churches, and the city park!

Last Agent to Sell the Property

Daniella Bell

Coldwell Banker Schmidt-Cadillac Listed on: 06/10/2021

Coldwell Banker Schmidt-Cadillac

Last Buyer's Agent

Non Member Office

All Non Member Activity

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50'x144'
  • The community has rules related to zoning restrictions

Home Design

  • Duplex
  • Stone Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Great Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Mackinaw Trail Middle School
  • Cadillac Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • 2 Units
  • Net Operating Income $11,299

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: Multi-Family
  • Property Type: Duplex (2 Story)
  • Style: 2 Story
  • Estimated Year Built: 1900
  • Construction: Frame
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Washer, Dryer, All Units The Same
  • Interior Amenities: Great Room, Drywall
  • Range: R 10W
  • Total Finished Sf Apx: 1500

Exterior Features

  • Additional Buildings: Garden/Storage Shed
  • Exterior Features: Sidewalk, Covered Porch
  • Exterior Finish: Vinyl Siding
  • Foundation: Full, Entrance Inside, Stone, Unfinished
  • Number Of Acres: 0.17
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt

Utilities

  • Sewer: Municipal
  • Tv Service Internet Avail: Cable Tv, Cable Internet
  • Water: Municipal
  • Heating Cooling Type: Forced Air

Lot Info

  • Lot Number: 8
  • Lot Dimensions: 50'x144'
  • Mineral Rights: Unknown
  • Zoning Use Restrictions: Residential

Tax Info

  • Summer Taxes: $2,018.28
  • Winter Taxes: $1,022.86
  • Year Winter: 2020

Multi Family

  • Total Number Units: 2

MLS Schools

  • HighSchool: Cadillac Senior High School
  • School District: Cadillac Area Public Schools
  • Middle School: Mackinaw Trail Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Aug 26, 2021
Bought by
Jacobs Brian
Seller's Agent
Daniella Bell
Coldwell Banker Schmidt-Cadillac
Buyer's Agent
Non Member Office
All Non Member Activity
List Price
$138,500
Sold Price
$133,400
Premium/Discount to List
-$5,100
-3.68%
Current Estimated Value
$175,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,895
Avg. Annual Appreciation
6.17%

Purchase Details

Closed on
May 26, 2017
Sold by
Rensberry Thomas R
Bought by
Cadillac River Street

Purchase Details

Closed on
Oct 6, 2011
Sold by
Northwestern Mortgage Company
Bought by
The Thomas R Rensberry Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Jacobs Brian $133,400 --
Cadillac River Street -- None Available
The Thomas R Rensberry Trust $65,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2021 08/26/21 Sold $133,400 -3.7% $89 / Sq Ft
06/10/2021 06/10/21 For Sale $138,500 -- $92 / Sq Ft
Source: Northern Great Lakes REALTORS® MLS

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 $4,074 $75,600 $0 $0
2024 $26 $72,300 $0 $0
2023 $3,742 $67,300 $0 $0
2022 $3,742 $58,700 $0 $0
2021 $2,843 $57,400 $0 $0
2020 $2,813 $52,600 $0 $0
2019 $2,768 $42,900 $0 $0
2018 -- $42,000 $0 $0
2017 -- $33,600 $0 $0
2016 -- $33,500 $0 $0
2015 -- $31,800 $0 $0
2013 -- $23,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1888739

Northern Great Lakes REALTORS® MLS

APN: 10-085-00-024-00

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