NOT LISTED FOR SALE

1293 Kloap Rd Muskegon, MI 49441

Roosevelt Park Neighborhood

Estimated Value: $459,205

8 Beds
2 Baths
3,971 Sq Ft
$116/Sq Ft Est. Value

Last Sold May 11, 2022

Last sale price $585,000 $147 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $2,914/month

Highlights

  • 0.44 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Mona Shores High School Rated A-

About This Home

As of May 2022

A landlord's dream: Roosevelt Park 8-unit complex located within Mona Shores School district with excellent rental history! Each unit offers two bedrooms, one bathroom, fully equipped kitchen (electric range, refrigerator, dishwasher), patio/balcony, private entry (no common areas), in-unit laundry hookup, and private one stall garage with opener. One additional off street parking space per unit for a total of 8 parking spaces and 8 garages. Set along a beautiful, tree-lined street. Recent updates throughout, and just passed city certification so should be transferrable with a quick close. Rent roll available upon request.

Last Agent to Sell the Property

Nicole Larson

Lighthouse Property Management License #6501328546 Listed on: 03/16/2022

Co-Listed By

Erin Duffy Rauch

Lighthouse Property Management License #6501413233

Last Buyer's Agent

Kathy Dennison

Lighthouse Property Management License #6502319881

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,530

Year Built

  • Built in 1988

Lot Details

  • 0.44 Acre Lot

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,530

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 560000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.44
  • Lot Size Area: 0.44
  • Lot Size Sq Ft: 19166.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 9530.34
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 31, 2023
Sold by
Project 31 Llc
Bought by
Sneller Daniel
Current Estimated Value
$459,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Outstanding Balance
$300,250
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$135,312

Purchase Details

Listed on
Mar 16, 2022
Closed on
May 10, 2022
Sold by
Kloap Road Llc
Bought by
Project 31 Llc
Seller's Agent
Nicole Larson
Lighthouse Property Management
Buyer's Agent
Kathy Dennison
Lighthouse Property Management
List Price
$560,000
Sold Price
$585,000
Premium/Discount to List
$25,000
4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.43%
Original Mortgage
$438,750
Interest Rate
4.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2016
Sold by
Kloap Properties Llc
Bought by
Kloap Road Llc

Purchase Details

Closed on
Jan 30, 2012
Sold by
Jacobs Property Investments L L C
Bought by
Kloap Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$445,000
Interest Rate
3.95%
Mortgage Type
Future Advance Clause Open End Mortgage
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

Purchase History

Date Buyer Sale Price Title Company
Sneller Daniel $410,000 None Listed On Document
Project 31 Llc $585,000 None Listed On Document
Kloap Road Llc -- Attorney
Kloap Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sneller Daniel $307,500
Previous Owner Project 31 Llc $438,750
Previous Owner Kloap Properties Llc $445,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $585,000 +4.5% $147 / Sq Ft
03/16/2022 03/16/22 For Sale $560,000 -- $141 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
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 $5,609 $85,200 $0 $0
2024 $2,336 $86,800 $0 $0
2023 $2,250 $83,400 $0 $0
2022 $4,981 $79,100 $0 $0
2021 $4,765 $74,700 $0 $0
2020 $4,707 $73,300 $0 $0
2019 $4,657 $72,500 $0 $0
2018 $4,689 $73,000 $0 $0
2017 $4,677 $73,900 $0 $0
2016 $1,930 $71,200 $0 $0
2015 -- $67,400 $0 $0
2014 -- $74,900 $0 $0
2013 -- $75,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Nicole Larson

    Lighthouse Property Management

    (616) 773-0016

    1 in this area

    127 Total Sales

    Nicole Larson
    Section Image

  • E

    Seller Co-Listing Agent in 2022

    Erin Duffy Rauch

    Lighthouse Property Management

    Section Image
  • Kathy Dennison

    Buyer's Agent in 2022

    Kathy Dennison

    Lighthouse Property Management

    (616) 257-9577

    1 in this area

    36 Total Sales

    Kathy Dennison
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22008297

Southwestern Michigan Association of REALTORS®

APN: 25-545-000-1135-00

Michigan Muskegon County Muskegon 49441 Roosevelt Park

1293 Kloap Rd, Muskegon, MI

This home is located at 1293 Kloap Rd, Muskegon, MI 49441 since 16 March 2022 and is currently estimated at $459,205, approximately $115 per square foot. This property was built in 1988. 1293 Kloap Rd is a home located in Muskegon County with nearby schools including Mona Shores High School, Dr. Martin Luther King Academy, and West Shore Lutheran 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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