NOT LISTED FOR SALE

118 Ives Ave Big Rapids, MI 49307

Estimated Value: $240,165 - $271,000

-- Bed
-- Bath
-- Sq Ft
0.33 Acres

Last Sold September 12, 2018

Last sale price $115,500

Est. 117% increase in value since last sale

Current estimated payment $1,684/month

52 Days on Market

Highlights

  • Forced Air Heating System
  • 6 Car Garage
  • Level Lot

About This Home

As of September 2018

-This stately home is suitable for professional office, rental or large families. Near courthouse, Bed & Breakfast, walking trails of Hemlock Park and River Walk, Ferris State University and Downtown Big Rapids.
-Presently two apartments- have recently rented for gross rent- $2,300 ($1,600 Unit A, $700 Unit B)
-Garage space on alley 24 x 24

Last Agent to Sell the Property

Grant Blakely

Coldwell Banker Schmidt Big Rapids Listed on: 06/29/2018

Last Buyer's Agent

Laura Veersma

Big Rapids Realty License #6501312844

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 115 x 150 x 60 x 50 x 55 x 100
  • Level Lot

Parking

  • 6 Car Garage

Home Design

  • Vinyl Siding

Basement

  • Partial Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Shared Water Meter
  • Cable TV Available

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 115 x 150 x 60 x 50 x 55 x 100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3050.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Extras:Sep Water Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 123900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0
  • Extras:Garages: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Sq Ft: 14505.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3050.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2018
Closed on
Sep 10, 2018
Sold by
Collegiate Housing Group Llc
Bought by
Trideti Ventures Llc
Seller's Agent
Grant Blakely
Coldwell Banker Schmidt Big Rapids
Buyer's Agent
Laura Veersma
Big Rapids Realty
List Price
$123,900
Sold Price
$115,500
Premium/Discount to List
-$8,400
-6.78%
Current Estimated Value
$250,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,679
Avg. Annual Appreciation
11.71%
Original Mortgage
$116,000
Outstanding Balance
$100,950
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$157,772

Purchase Details

Closed on
May 30, 2008
Sold by
Mcbain Gwen and Estate Of Robert P Mcbain
Bought by
Collegiate Housing Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 10, 2003
Sold by
Standard Federal Bank Na
Bought by
Mcbain Robert P and Mcbain Gwen
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
Trideti Ventures Llc -- Verified Title Agency Llc
Collegiate Housing Group Llc -- Corporate Title Agency
Mcbain Robert P -- Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trideti Ventures Llc $116,000
Previous Owner Collegiate Housing Group Llc $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2022 04/16/22 Off Market $115,500 -- --
09/12/2018 09/12/18 Sold $115,500 -6.8% --
08/20/2018 08/20/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $123,900 -- --
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 $4,430 $109,800 $0 $0
2024 -- $99,300 $0 $0
2023 -- $91,500 $0 $0
2022 $4,248 $81,100 $0 $0
2021 $4,248 $77,700 $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

  • G

    Seller's Agent in 2018

    Grant Blakely

    Coldwell Banker Schmidt Big Rapids

  • Laura Veersma

    Buyer's Agent in 2018

    Laura Veersma

    Big Rapids Realty

    (231) 796-4978

    55 in this area

    166 Total Sales

    Laura Veersma
    Section Image
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Map

Source: MichRIC

MLS Number: 18030448

MichRIC

APN: 5417-014-126-009

Michigan Mecosta County Big Rapids 49307

118 Ives Ave, Big Rapids, MI

Not Listed for Sale

MultiFamily

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