NOT LISTED FOR SALE

12953 Lance Rd Three Rivers, MI 49093

Estimated Value: $386,914 - $562,000

-- Bed
-- Bath
-- Sq Ft
0.97 Acres

Last Sold December 16, 2021

Last sale price $305,000

Est. 50% increase in value since last sale

Current estimated payment $2,890/month

102 Days on Market

About This Home

As of December 2021

Extremely Nice 4 unit with EASEMENT to Pleasant Lake. Beautifully updated and ALWAYS rented, and a waiting list. Identical units, 2BR, 1Bath 780sq ft. The easement allows for ingress/egress w/boat launch. Please NOTE.... 48hr notice for appointments, and we may not be able to get you into All units. That being said the pictures and condition of All units are very similar.

Last Agent to Sell the Property

Rich Olson

Michigan Lakes Real Estate Team License #6501381323 Listed on: 09/24/2021

Last Buyer's Agent

David Howard

CENTURY 21 C. Howard License #6504113599

CENTURY 21 C. Howard

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,372

Year Built

  • Built in 1965

Lot Details

  • 0.97 Acre Lot
  • Waterfront

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Radiant Heating System
  • Well
  • Septic System

Listing and Financial Details

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

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,375
  • Maintenance Expense $2,000
  • Gross Income $28,800

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,372

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Brick
  • List Price: 295000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Pleasant Lake
  • Waterfront: Yes

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Radiant
  • Heating: Yes
  • Sewer: Septic System
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 0.97
  • Lot Size Area: 0.97
  • Lot Size Sq Ft: 42315.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 28800.0
  • Insurance Expense: 1375.0
  • Maintenance Expense: 2000.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2372.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2021
Closed on
Dec 16, 2021
Sold by
Scott Wanda A and Davis Family Trust
Bought by
Baker Joseph
Seller's Agent
Rich Olson
Michigan Lakes Real Estate Team
Buyer's Agent
David Howard
CENTURY 21 C. Howard
Sold Price
$305,000
Current Estimated Value
$456,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,479
Avg. Annual Appreciation
11.10%
Original Mortgage
$19,380
Outstanding Balance
$17,825
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$438,654

Purchase Details

Closed on
Aug 10, 2004
Sold by
Davis Lyle R and Davis David Geneva
Bought by
Davis Lyle R and Davis Geneva L
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
Baker Joseph $305,000 Accommodation
Davis Lyle R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Joseph $19,380
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2021 12/16/21 Sold $305,000 +1.7% --
10/01/2021 10/01/21 Pending -- -- --
09/24/2021 09/24/21 For Sale -- -- --
08/26/2021 08/26/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $300,000 -- --
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 $5,634 $189,300 $9,600 $179,700
2024 $1,523 $173,900 $9,500 $164,400
2023 $1,452 $149,400 $5,800 $143,600
2022 $1,383 $131,400 $5,200 $126,200
2021 $2,186 $96,400 $5,000 $91,400
2020 $0 $97,300 $4,700 $92,600
2019 $678 $95,700 $4,700 $91,000
2018 $2,651 $93,800 $4,700 $89,100
2017 $2,612 $90,400 $90,400 $0
2016 -- $86,600 $86,600 $0
2015 -- $79,300 $0 $0
2014 -- $78,300 $78,300 $0
2012 -- $85,300 $85,300 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rich Olson

    Michigan Lakes Real Estate Team

    Section Image
  • David Howard

    Buyer's Agent in 2021

    David Howard

    CENTURY 21 C. Howard

    (269) 207-4228

    170 Total Sales

    David Howard
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21023717

Southwestern Michigan Association of REALTORS®

APN: 004-240-011-00

Michigan St. Joseph County Three Rivers 49093

12953 Lance Rd, Three Rivers, MI

This home is located at 12953 Lance Rd, Three Rivers, MI 49093 since 24 September 2021 and is currently estimated at $456,479. This property was built in 1965. 12953 Lance Rd is a home located in St. Joseph County.

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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