NOT LISTED FOR SALE

Estimated Value: $502,392

-- Bed
-- Bath
-- Sq Ft
0.4 Acres

Last Sold July 16, 2015

Last sale price $207,000

Est. 143% increase in value since last sale

Current estimated payment $3,310/month

63 Days on Market

Highlights

  • Cul-De-Sac
  • Hot Water Heating System
  • 15 Car Garage
  • Forced Air Heating System

About This Home

As of July 2015

8 unit (possible 9) income property with split gas/electric has many updates including a new roof (2012), gutters (2014), and 4 decks (2014). Approximately half of the furnaces/hot water heaters have been replaced in the past 7 years. City certified. Great passive income opportunity. Call today for more info and to request a showing.

Last Agent to Sell the Property

Nolan Miklusicak

Blueprint Properties LLC License #6502376665 Listed on: 04/13/2015

Co-Listed By

Kaili Miklusicak

Blueprint Properties LLC License #6501381598

Last Buyer's Agent

Mark Blashkiw

Blueprint Properties LLC License #6502410373

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,871

Year Built

  • Built in 1951

Lot Details

  • Cul-De-Sac

Parking

  • 15 Car Garage

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • Insurance Expense $1,200
  • Utility Expense $1,120
  • Operating Expense $8,040
  • Gross Income $41,148
  • Net Operating Income $33,108

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,871

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1951
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 0
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3870.56
  • Tax Info:Zoning3: R2
  • General Property Info:Total _pound_ Units: 8
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: 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
  • Lot Description:Cul-De-Sac: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 230000.0
  • Lot Features: Cul-De-Sac, Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 15.0
  • General Property Info:Total Parking Spaces: 15.0
  • Extras:Garages: Yes

Utilities

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

Lot Info

  • Zoning Description: R2
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Multi Family

  • Gross Income: 41148.0
  • Insurance Expense: 1200.0
  • Net Operating Income: 33108.0
  • Number of Units Total: 8
  • Operating Expense: 8040.0

Tax Info

  • Tax Annual Amount: 3870.56
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2015
Closed on
Jul 16, 2015
Sold by
Raymond Dawn
Bought by
Chosen Properties Llc
Seller's Agent
Nolan Miklusicak
Blueprint Properties LLC
Buyer's Agent
Mark Blashkiw
Blueprint Properties LLC
List Price
$230,000
Sold Price
$207,000
Premium/Discount to List
-$23,000
-10%
Current Estimated Value
$502,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$295,392
Avg. Annual Appreciation
8.90%

Purchase Details

Closed on
Apr 15, 2010
Sold by
Ellis Randall A and Ellis Barbara Fay
Bought by
Property Solvers Inc

Purchase Details

Closed on
Dec 21, 2006
Sold by
Ellis Robert A and Ellis Phyllis J
Bought by
Ellis Randall A and Ellis Barbara Fay

Purchase Details

Closed on
Jul 25, 2005
Sold by
Ellis Robert A and Ellis Phyllis J
Bought by
Ellis Robert A and Ellis Phyllis J

Purchase Details

Closed on
Dec 30, 1976
Bought by
Ellis Robert and Property Solvers, Inc
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
Chosen Properties Llc $207,000 Midstate Title Agency Llc
Property Solvers Inc $146,420 Chicago Title
Ellis Randall A -- None Available
Ellis Robert A -- --
Ellis Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Chosen Properties Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2015 07/16/15 Sold $207,000 -10.0% --
06/15/2015 06/15/15 Pending -- -- --
04/13/2015 04/13/15 For Sale $230,000 -- --
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 $6,708 $233,300 $0 $0
2024 $6,708 $221,900 $0 $0
2023 $6,714 $218,000 $0 $0
2022 $6,267 $209,700 $0 $0
2021 $6,117 $186,300 $0 $0
2020 $5,631 $94,600 $0 $0
2019 $5,823 $95,400 $0 $0
2018 $5,620 $89,600 $0 $0
2017 $5,489 $80,500 $0 $0
2016 $5,353 $67,300 $0 $0
2015 $4,029 $67,300 $0 $0
2013 -- $70,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15016457

Southwestern Michigan Association of REALTORS®

APN: 41-17-02-378-019