$119,000
SOLD JUN 29, 2017
-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Recently Sold

3% Above List Price

14 Days on Market

About This Home

As of January 2021

This is a great 2 unit building with an excellent tenant history. The property has been professionally managed and is very well maintained. Whether you are looking for an opportunity to be an owner occupant or simply an want to make an investment with great long term cash flow, this property should not be overlooked. Call today for a private tour. Please note that due to a high level of interest the Seller has asked that all offers be submitted by Tuesday May 16th at 5:00 PM.

Last Agent to Sell the Property

Ben Otis

Weichert REALTORS Plat Allegan License #6502390146 Listed on: 05/11/2017

Weichert REALTORS Plat Allegan

Last Buyer's Agent

Andy Smith

EXP Realty (Grand Rapids) License #6502421574

EXP Realty (Grand Rapids)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,604

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 53x115

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Partial Basement

Parking

  • 2 Parking Spaces
  • Unpaved Driveway

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,604

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 53X115
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1604.19
  • Tax Info:Zoning3: TN-MDR
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: 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
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Heat Type:Hot Water: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 115000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Natural Gas, Hot Water
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6098.0
  • Zoning Description: TN-MDR
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1604.19
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2020
Closed on
Jan 22, 2021
Sold by
Dean Joshua and Lyzenga Dean Katherine
Bought by
Curtis Chad
Seller's Agent
Jacob Peterson
RE/MAX of Grand Rapids (Stndl)
Buyer's Agent
Kyle Kimble
RE/MAX of Grand Rapids (FH)
List Price
$219,900
Sold Price
$225,000
Premium/Discount to List
$5,100
2.32%
Current Estimated Value
$280,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,252
Avg. Annual Appreciation
4.53%
Original Mortgage
$168,750
Outstanding Balance
$151,983
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$122,969

Purchase Details

Listed on
May 17, 2019
Closed on
Jul 26, 2019
Sold by
Muller Matthew
Bought by
Lyzenga Dean Katherine and Dean Katherine Lyzenga
Seller's Agent
Andrew Smith
Five Star Real Estate (Grandv)
Buyer's Agent
Jacob Peterson
RE/MAX Of Grand Rapids
List Price
$169,900
Sold Price
$185,000
Premium/Discount to List
$15,100
8.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.94%
Original Mortgage
$148,000
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 11, 2017
Closed on
Jun 30, 2017
Sold by
Wood Nicolas and Wood Tracy
Bought by
Muller Matthew
Seller's Agent
Ben Otis
Weichert REALTORS Plat Allegan
Buyer's Agent
Andy Smith
EXP Realty (Grand Rapids)
List Price
$115,000
Sold Price
$119,000
Premium/Discount to List
$4,000
3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.76%
Original Mortgage
$89,250
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 2, 2014
Closed on
Nov 22, 2014
Sold by
Wood Nicholas and Wood Tracy
Bought by
Second Street Rentals Llc
Seller's Agent
Mark Baragar
Baragar Realty
Buyer's Agent
Ben Otis
Weichert REALTORS Plat Allegan
List Price
$74,900
Sold Price
$65,000
Premium/Discount to List
-$9,900
-13.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.21%
Original Mortgage
$48,750
Interest Rate
4.21%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 2, 2014
Closed on
Oct 21, 2014
Sold by
Vainavicz Anthony
Bought by
Wood Nicholas
Seller's Agent
Mark Baragar
Baragar Realty
Buyer's Agent
Ben Otis
Weichert REALTORS Plat Allegan
List Price
$74,900
Sold Price
$65,000
Premium/Discount to List
-$9,900
-13.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
4.21%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $225,000 Chicago Title Of Mi Inc
Warranty Deed $185,000 Chicago Title Of Mi Inc
Warranty Deed -- Chicago Title Of Michigan
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $65,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $168,750 New Conventional
Previous Owner $148,000 Adjustable Rate Mortgage/ARM
Previous Owner $89,250 Commercial
Previous Owner $48,750 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $225,000 +2.3% --
12/12/2020 12/12/20 Pending -- -- --
12/08/2020 12/08/20 For Sale $219,900 +18.9% --
07/26/2019 07/26/19 Sold $185,000 +8.9% --
05/23/2019 05/23/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $169,900 +42.8% --
06/29/2017 06/29/17 Sold $119,000 +3.5% --
05/25/2017 05/25/17 Pending -- -- --
05/11/2017 05/11/17 For Sale $115,000 +76.9% --
10/21/2014 10/21/14 Sold $65,000 -13.2% --
08/20/2014 08/20/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $74,900 -- --
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 $4,065 $106,400 $0 $0
2024 $4,065 $98,300 $0 $0
2023 $4,032 $88,700 $0 $0
2022 $3,832 $73,900 $0 $0
2021 $3,069 $66,000 $0 $0
2020 $2,967 $58,000 $0 $0
2019 $2,131 $46,000 $0 $0
2018 $2,066 $39,000 $0 $0
2017 $1,596 $32,900 $0 $0
2016 $1,604 $29,900 $0 $0
2015 $1,529 $29,900 $0 $0
2013 -- $26,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17021681

Southwestern Michigan Association of REALTORS®

APN: 41-13-13-378-024