NOT LISTED FOR SALE

Estimated Value: $184,653 - $205,000

3 Beds
3 Baths
-- Sq Ft
2,178 Sq Ft Lot

Last Sold January 07, 2022

Last sale price $174,900

Est. 10% increase in value since last sale

Current estimated payment $1,240/month

Highlights

  • Window Unit Cooling System
  • Laundry Facilities
  • Wood Siding
  • Forced Air Heating System
  • Level Lot
  • 2-minute walk to Dutton Street Park

About This Home

As of January 2022

Great investment property within walking distance of downtown and Bronson Hospital. This 3 unit historic home has been well maintained and stays rented. All 3 units have been fully updated in the past year including new flooring, kitchens, and so much more! Mechanicals and roof have all been replaced in the past 5-8 years. City Certified through 2024! This is a turn key property that is easy to manage. If you need to use your 1031 Exchange before the end of the year or want to become a first time investor...Come check this one out. We think you're going to love it!

Last Listed By

Jennifer Beam

Chuck Jaqua, REALTOR Listed on: 01/14/2022

Chuck Jaqua, REALTOR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,457

Year Built

  • Built in 1905

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 34' x 66'
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement

Parking

  • 3 Parking Spaces
  • Unpaved Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Shared Gas Meter

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,457

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 179900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2457.33
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Jan 6, 2022
Sold by
Vine Recital Properties Llc
Bought by
Black Oak Rei Llc
Seller's Agent
Jennifer Beam
Chuck Jaqua, REALTOR
Buyer's Agent
Traci Seeley
Keller Williams Kalamazoo Market Center
List Price
$179,900
Sold Price
$174,900
Premium/Discount to List
-$5,000
-2.78%
Current Estimated Value
$192,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,013
Avg. Annual Appreciation
2.95%
Original Mortgage
$122,430
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 15, 2012
Closed on
Feb 22, 2013
Sold by
Fannie Mae
Bought by
Beam Jennifer J
Seller's Agent
Terrie Boven
RE/MAX of Kalamazoo
Buyer's Agent
Suzanne Sloan
Five Star Real Estate
List Price
$52,500
Sold Price
$37,400
Premium/Discount to List
-$15,100
-28.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.97%

Purchase Details

Closed on
Nov 1, 2012
Sold by
Bank Of America Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Mar 15, 2012
Sold by
Glocheski Patrick J
Bought by
Bank Of America Na

Purchase Details

Closed on
Mar 7, 2008
Sold by
Muller Jeff and Muller Janna
Bought by
Glocheski Patrick J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2003
Sold by
Allyn Investments Llc
Bought by
Muller Jeff and Muller Jana

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
5.36%
Mortgage Type
Purchase Money Mortgage

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
Black Oak Rei Llc $174,900 Chicago Title
Beam Jennifer J $37,400 None Available
Fannie Mae -- None Available
Bank Of America Na $95,843 None Available
Glocheski Patrick J $123,600 Devon
Muller Jeff -- Metro
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Black Oak Rei Llc $122,430
Previous Owner Glocheski Patrick J $92,700
Previous Owner Muller Jeffery A $75,000
Previous Owner Muller Jeff $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2022 01/14/22 For Sale $179,900 +2.9% --
01/07/2022 01/07/22 Sold $174,900 +367.6% --
02/22/2013 02/22/13 Sold $37,400 -28.8% --
02/08/2013 02/08/13 Pending -- -- --
12/15/2012 12/15/12 For Sale $52,500 -- --
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 $1,975 $75,500 $0 $0
2023 $1,883 $65,600 $0 $0
2022 $2,128 $55,700 $0 $0
2021 $2,398 $50,500 $0 $0
2020 $2,738 $44,800 $0 $0
2019 $2,891 $37,200 $0 $0
2018 $2,844 $32,400 $0 $0
2017 $1,916 $30,500 $0 $0
2016 $1,916 $27,600 $0 $0
2015 $1,916 $27,700 $0 $0
2014 $1,916 $26,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22001327

Southwestern Michigan Association of REALTORS®

APN: 06-22-175-003