NOT LISTED FOR SALE

Estimated Value: $155,000 - $183,590

2 Beds
2 Baths
-- Sq Ft
9,365 Sq Ft Lot

Last Sold September 23, 2022

Last sale price $145,000

Est. 13% increase in value since last sale

Current estimated payment $1,024/month

28 Days on Market

About This Home

As of September 2022

Looking for an owner-occupied property or a solid investment? If so, this well-maintained duplex is for you. Since the current owners purchased this 2-unit duplex in 2015, it has always been occupied as a rental with a solid return on investment. The lower unit has 2 bedrooms and 1 bathroom with a full basement and coin-operated washer and dryer. The upper unit has one bedroom and one bathroom, with a separate entrance. Several improvements have been completed to both units by the current owners, including separate furnaces; a new chimney; new flooring and paint in both units; and an updated bathroom and refrigerator in the lower unit. The new glass block vented windows in the basement allow more light in and create a brighter space. The backyard offers ample privacy with the new fence along the back and space to utilize. The large double shed can store and secure any additional items for the new owner or tenants. The property is City Rental Certified through February 28, 2025. To schedule a private showing, contact me today!

Last Agent to Sell the Property

Maeda VanTifflin

Mitten Shores Real Estate, LLC License #6501385417 Listed on: 08/24/2022

Last Buyer's Agent

Humam Aldiney

Whitmore Realty Group, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,410

Year Built

  • Built in 1899

Lot Details

  • 9,365 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Window Unit Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,410

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1899
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 139900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9365.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2410.23
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2022
Closed on
Sep 23, 2022
Sold by
Alice Molvern
Bought by
Schau Colby and Newbury-Schau Sonita
Seller's Agent
Maeda VanTifflin
Mitten Shores Real Estate, LLC
Buyer's Agent
Humam Aldiney
Whitmore Realty Group, LLC
List Price
$139,900
Sold Price
$145,000
Premium/Discount to List
$5,100
3.65%
Total Days on Market
28
Current Estimated Value
$163,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,148
Avg. Annual Appreciation
3.04%
Original Mortgage
$116,000
Outstanding Balance
$111,612
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$46,728

Purchase Details

Listed on
Jul 8, 2015
Closed on
Sep 15, 2015
Sold by
Oliver Alice
Bought by
Oliver Alice and Moloney Sandra
Seller's Agent
Jeff Bertolissi
Berkshire Hathaway HomeServices MI
Buyer's Agent
Maeda VanTifflin
Lakes & Country Real Estate Inc
List Price
$54,000
Sold Price
$53,000
Premium/Discount to List
-$1,000
-1.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.39%
Original Mortgage
$46,400
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2003
Sold by
Koss Stephen and Koss Alice L
Bought by
Lumbard Donald C and Lumbard Susan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,310
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Schau Colby $145,000 --
Oliver Alice -- Title Resource Agency
Oliver Alice $53,000 Title Resource Agency
Lumbard Donald C $65,900 Devon
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schau Colby $116,000
Previous Owner Oliver Alice $46,400
Previous Owner Lumbard Donald C $53,180
Previous Owner Lumbard Donald C $59,310
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $145,000 +3.6% --
08/25/2022 08/25/22 Pending -- -- --
08/24/2022 08/24/22 For Sale $139,900 0.0% --
08/02/2022 08/02/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $139,900 +164.0% --
09/15/2015 09/15/15 Sold $53,000 -1.9% --
07/21/2015 07/21/15 Pending -- -- --
07/08/2015 07/08/15 For Sale $54,000 -- --
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
2025 $1,641 $68,400 $0 $0
2024 $1,641 $58,400 $0 $0
2023 $1,564 $54,500 $0 $0
2022 $1,821 $45,300 $0 $0
2021 $2,374 $44,000 $0 $0
2020 $1,724 $43,100 $0 $0
2019 $1,644 $38,100 $0 $0
2018 $1,606 $33,100 $0 $0
2017 $1,952 $32,000 $0 $0
2016 $1,952 $31,500 $0 $0
2015 $1,952 $29,500 $0 $0
2014 $1,952 $27,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22032252

Southwestern Michigan Association of REALTORS®

APN: 06-16-177-076