NOT LISTED FOR SALE

Estimated Value: $94,000 - $132,000

4 Beds
3 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold April 16, 2024

Last sale price $120,000

Est. 1% decrease in value since last sale

Current estimated payment $821/month

7 Days on Market

Highlights

  • 1 Fireplace
  • 2 Car Garage
  • Wood Siding
  • Forced Air Heating System
  • High Speed Internet
  • Doors are 36 inches wide or more

About This Home

As of April 2024

Great income property with long-term tenants. Vacant unit has new flooring, vanity, lighting and paint. Exterior painted, landscaped, and a new porch installed for unit 3.Units 2 and 3 have washer/dryer hookups. Updated light fixtures and electrical this year. Live in the vacant unit and let your tenants pay your mortgage, or rent it out and get the full financial potential out of your investment.

Last Agent to Sell the Property

Linda Sopko

Key Realty One License #6501411151 Listed on: 03/07/2024

Key Realty One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,382

Year Built

  • Built in 1910

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x131

Parking

  • 2 Car Garage

Home Design

  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Laundry

  • Laundry in unit
  • Washer and Electric Dryer Hookup

Accessible Home Design

  • Doors are 36 inches wide or more

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $700
  • Gross Income $2,000
  • Net Operating Income $1,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,382

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36 Inch Entrance Doo
  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 110000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Other
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Laundry Features: In Unit, See Remarks, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Phone Connected, Natural Gas Connected, Electric Connected

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Dimensions: 66x131
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Gross Income: 2000.0
  • Net Operating Income: 1300.0
  • Number of Units Total: 3
  • Operating Expense: 700.0

Tax Info

  • Tax Annual Amount: 2382.09
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Sep 16, 2020
Sold by
Lopez Romualdo
Bought by
Doetsch Joshua D
Seller's Agent
NON-MBR 'LIST' NON-MBR 'LIST'
NON-MEMBER REALTOR 'LIST'
Buyer's Agent
Linda Sopko
Key Realty One
Sold Price
$63,000
Current Estimated Value
$118,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,930
Avg. Annual Appreciation
15.87%
Original Mortgage
$50,400
Outstanding Balance
$46,665
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$80,900

Purchase Details

Closed on
Aug 9, 2018
Sold by
Ritchie Nezra and Ritchie Rachel E
Bought by
Lopez Romualdo
Source: Public Records

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Range of Values:

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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
Doetsch Joshua D $63,000 Ata National Title Group Llc
Lopez Romualdo $40,000 Midstate Title Agency Of Sou
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doetsch Joshua D $50,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2024 04/16/24 Sold $120,000 +9.1% --
03/07/2024 03/07/24 For Sale $110,000 +74.6% --
09/16/2020 09/16/20 Sold $63,000 +14.5% --
09/16/2020 09/16/20 Sold $55,000 -31.2% --
07/16/2020 07/16/20 Pending -- -- --
07/06/2020 07/06/20 Pending -- -- --
06/22/2020 06/22/20 For Sale $79,900 -- --
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 $1,933 $47,500 $0 $0
2023 $2,063 $39,100 $0 $0
2022 $2,272 $36,000 $0 $0
2021 $2,248 $31,800 $0 $0
2020 $1,634 $29,750 $0 $0
2019 $1,590 $22,650 $0 $0
2018 $1,147 $20,450 $0 $0
2017 $1,052 $19,600 $0 $0
2016 $907 $17,000 $17,000 $0
2015 $1,275 $16,200 $16,200 $0
2014 $1,275 $20,550 $0 $0
2013 -- $20,550 $20,550 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24011080

Southwestern Michigan Association of REALTORS®

APN: 7-118600000