NOT LISTED FOR SALE

1288 Jordan Lake Ave Lake Odessa, MI 48849

Estimated Value: $264,000 - $425,000

-- Bed
4 Baths
3,840 Sq Ft
$83/Sq Ft Est. Value

Last Sold December 22, 2021

Last sale price $210,000 $55 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,055/month

12 Days on Market

Highlights

  • Cooling Available
  • Baseboard Heating
  • Wood Siding
  • Accessible Ramps
  • High Speed Internet

About This Home

As of December 2021

Extremely well maintained 4 unit apartment building in the town of Lake Odessa. All 4 units are 2 bedrooms upstairs, 1 bath downstairs, each tenant has1 covered parking spot with storage, common area coin-op laundry make these units a very desirable place to live. Within walking distance to downtown shops, eateries, the public beach and park. Showings must be scheduled 48 hours in advance, 4:00pm-6:00pm Mondays and Wednesdays.

Last Agent to Sell the Property

Matt Robertson

CENTURY 21 AFFILIATED License #6502341826 Listed on: 10/22/2021

CENTURY 21 AFFILIATED

Last Buyer's Agent

WMLAR Non Member

WMLAR NON MEMBER

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,984

Year Built

  • Built in 1982

Lot Details

  • 0.33

Parking

  • 8 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Cooling Available
  • Window Unit Heating System
  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Crawl Space
  • Accessible Ramps
  • 0.33 Acre Lot

Community Details

  • Property has a Home Owners Association
  • Association fees include trash, snow removal
  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,984

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Ramped Entrance
  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 300000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Baseboard
  • Heating: Yes
  • Utilities: Cable Connected, Broadband

Condo/Co-op/Association

  • Association: Yes

Fee Information

  • Association Fee Includes: Trash, Snow Removal

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Sq Ft: 14331.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4983.66
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2021
Closed on
Dec 22, 2021
Sold by
Bulling William K 1 Trust No
Bought by
Gordon Erb L and Erb Tyler L
Seller's Agent
Matt Robertson
CENTURY 21 AFFILIATED
Buyer's Agent
WMLAR Non Member
WMLAR NON MEMBER
List Price
$300,000
Sold Price
$210,000
Premium/Discount to List
-$90,000
-30%
Current Estimated Value
$279,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,604
Avg. Annual Appreciation
6.65%
Original Mortgage
$168,000
Interest Rate
3.1%
Mortgage Type
Construction
Source: Public Records

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

Mortgage History

Date Status Borrower Loan Amount
Closed Gordon Erb L $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $210,000 -30.0% $55 / Sq Ft
11/03/2021 11/03/21 Pending -- -- --
10/22/2021 10/22/21 For Sale $300,000 -- $78 / Sq Ft
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 $6,289 $153,800 $22,500 $131,300
2024 $3,633 $153,800 $22,500 $131,300
2023 $3,484 $130,200 $18,500 $111,700
2022 $3,318 $130,200 $18,500 $111,700
2021 $5,015 $106,700 $15,400 $91,300
2020 $2,081 $106,700 $15,400 $91,300
2019 $1,956 $99,500 $14,300 $85,200
2018 $4,785 $92,400 $11,900 $80,500
2017 $1,967 $92,400 $11,900 $80,500
2016 $1,956 $85,100 $10,600 $74,500
2015 -- $85,100 $10,600 $74,500
2014 $2,061 $77,400 $10,600 $66,800
Source: Public Records

Agents Affiliated with this Home

  • Matt Robertson

    Seller's Agent in 2021

    Matt Robertson

    CENTURY 21 AFFILIATED

    (517) 930-7511

    128 Total Sales

    Section Image

  • W

    Buyer's Agent in 2021

    WMLAR Non Member

    WMLAR NON MEMBER

    157 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21112049

Southwestern Michigan Association of REALTORS®

APN: 101-090-000-185-00

Michigan Ionia County Lake Odessa 48849

1288 Jordan Lake Ave, Lake Odessa, MI

This home is located at 1288 Jordan Lake Ave, Lake Odessa, MI 48849 since 22 October 2021 and is currently estimated at $319,538, approximately $83 per square foot. This property was built in 1982. 1288 Jordan Lake Ave is a home located in Ionia County with nearby schools including Lakewood High School and Faith Christian School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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