NOT LISTED FOR SALE

131 S Main St Olivet, MI 49076

Estimated Value: $157,000 - $190,000

-- Bed
-- Bath
-- Sq Ft
0.53 Acres

Last Sold January 17, 2024

Last sale price $170,000

Est. 6% increase in value since last sale

Current estimated payment $1,149/month

42 Days on Market

Highlights

  • 2 Fireplaces
  • Window Unit Cooling System
  • Forced Air Heating System

About This Home

As of January 2024

Don't miss out on this great 3 unit investment property in the City of Olivet. 3/1, 2/1, 1/1. Conveniently located in the heart of Olivet. Well maintained units. Hardwood floors throughout. Garage for storage on lower level. 4-5 parking spots. All units have separate utilities, all forced air furnaces, units have window AC units, all appliances included, 100% occupied.

Last Agent to Sell the Property

Art Homer

eXp Realty LLC License #6501374543 Listed on: 10/17/2023

eXp Realty LLC

Co-Listed By

Gavin Homer

eXp Realty LLC License #6501438628

Last Buyer's Agent

Art Homer

eXp Realty LLC License #6501374543 Listed on: 10/17/2023

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,860

Year Built

  • Built in 1890

Lot Details

  • 0.53 Acre Lot
  • Lot Dimensions are 99x212

Home Design

  • Composition Roof
  • Shingle Siding

Interior Spaces

  • 2 Fireplaces
  • Basement
  • Michigan Basement

Parking

  • 5 Parking Spaces
  • Gravel Driveway

Location

  • Mineral Rights Excluded

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,860

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 99X212
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1860.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Driveway:Gravel: Yes
  • Mineral Rights:No: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Shingle Siding
  • List Price: 189900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Shingle Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.53
  • Lot Size Area: 0.53
  • Lot Dimensions: 99X212
  • Lot Size Sq Ft: 23087.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1860.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Jan 22, 2024
Sold by
Gavin Homer and Gavin John Homer
Bought by
Hm Portco Llc
Seller's Agent
Art Homer
eXp Realty LLC
Buyer's Agent
Art Homer
eXp Realty LLC
List Price
$189,900
Sold Price
$170,000
Premium/Discount to List
-$19,900
-10.48%
Views
29
Current Estimated Value
$179,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,586
Avg. Annual Appreciation
3.44%
Original Mortgage
$127,500
Outstanding Balance
$125,534
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$54,052

Purchase Details

Listed on
Oct 17, 2023
Closed on
Jan 17, 2024
Sold by
Powell Damon
Bought by
Homer Gavin and Homer John
Seller's Agent
Art Homer
eXp Realty LLC
Buyer's Agent
Art Homer
eXp Realty LLC
List Price
$189,900
Sold Price
$170,000
Premium/Discount to List
-$19,900
-10.48%
Views
29

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Outstanding Balance
$125,534
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$54,052

Purchase Details

Listed on
May 27, 2015
Closed on
Dec 4, 2015
Sold by
Gidner Jane L Merrifield
Bought by
Powell Damon
Seller's Agent
Julie Roof
Century 21 Affiliated
Buyer's Agent
Remarks See
Outside Realtor
List Price
$59,900
Sold Price
$35,000
Premium/Discount to List
-$24,900
-41.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.46%
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
Hm Portco Llc -- None Listed On Document
Homer Gavin $170,000 Chicago Title
Powell Damon $35,000 Midstate Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Homer Gavin $127,500
Previous Owner Powell Damon H $135,000
Previous Owner Powell Damon H $70,000
Previous Owner Powell Damon H $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2024 01/17/24 Sold $170,000 -10.5% --
11/28/2023 11/28/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $189,900 +442.6% --
12/04/2015 12/04/15 Sold $35,000 -41.6% $16 / Sq Ft
11/13/2015 11/13/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $59,900 -- $27 / 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 $2,069 $58,300 $0 $0
2024 $791 $46,037 $0 $0
2023 $1,945 $42,407 $0 $0
2022 $1,143 $36,498 $0 $0
2021 $1,788 $33,714 $0 $0
2020 $1,776 $32,387 $0 $0
2019 $1,064 $29,856 $0 $0
2018 $0 $28,331 $0 $0
2017 -- $24,949 $0 $0
2016 -- $32,114 $0 $0
2015 -- $31,157 $0 $0
2014 -- $28,699 $0 $0
2013 -- $30,357 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Art Homer

    Seller's Agent in 2024

    Art Homer

    eXp Realty LLC

    (269) 209-6688

    1 in this area

    314 Total Sales

    Art Homer
    Section Image
  • Gavin Homer

    Seller Co-Listing Agent in 2024

    Gavin Homer

    eXp Realty LLC

    (269) 986-6294

    2 in this area

    213 Total Sales

    Gavin Homer
    Section Image

  • J

    Seller's Agent in 2015

    Julie Roof

    Century 21 Affiliated

    Section Image

  • R

    Buyer's Agent in 2015

    Remarks See

    Outside Realtor

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23138615

Southwestern Michigan Association of REALTORS®

APN: 600-000-610-005-00

Michigan Eaton County Olivet 49076

131 S Main St, Olivet, MI

This home is located at 131 S Main St, Olivet, MI 49076 since 17 October 2023 and is currently estimated at $179,586. This property was built in 1890. 131 S Main St is a home located in Eaton County with nearby schools including Fern Persons Elementary School, Olivet Middle School, and Olivet High 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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