NOT LISTED FOR SALE

Estimated Value: $249,320 - $270,000

4 Beds
2 Baths
-- Sq Ft
6,094 Sq Ft Lot

Last Sold July 25, 2022

Last sale price $224,500

Est. 17% increase in value since last sale

Current estimated payment $1,828/month

8 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Level Lot

About This Home

As of July 2022

Showings Available Tuesday 5p-7p, Thursday 9a-11a. Saturday 10a-12:30p; Many recent updates: Kitchens, baths, 2 furnaces, 2 water heaters, windows, light fixtures, flooring. There are 3 off street parking spots and a one car garage, which could be also be used for storage. Both units are 2 bedroom, one bath, living room, dining room and kitchen. Basement has on site laundry. Current rents are $1045 on the lower level through 8/15/2022 and $970 for the upper through 8/2022. City rental certificate good until 2/1/24. DUE TO DISABLED TENANT: MUST wear masks during lower unit showing. Must be vaccinated. Tenant & dog will be present.

Last Agent to Sell the Property

Tanya Craig

Keller Williams GR East License #6502364151 Listed on: 06/30/2022

Keller Williams GR East

Co-Listed By

Katie Karczewski

Keller Williams GR East

Last Buyer's Agent

Mike George

Clear Realty Group License #6501402830

Clear Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,096

Year Built

  • Built in 1882

Lot Details

  • 6,094 Sq Ft Lot
  • Lot Dimensions are 53x115
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Maintenance Expense $4,984
  • Manager Expense $1,943
  • Utility Expense $435
  • Operating Expense $7,776
  • Gross Income $24,290
  • Net Operating Income $16,514

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,096

Year Built

Built in 1882

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1882
  • 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: 3096.0
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 224500.0
  • Lot Features: Level, 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: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Storm Sewer Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 53x115
  • Lot Size Sq Ft: 6094.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 24290.0
  • Maintenance Expense: 4984.0
  • Manager Expense: 1943.0
  • Net Operating Income: 16514.0
  • Number of Units Total: 2
  • Operating Expense: 7776.0

Tax Info

  • Tax Annual Amount: 3096.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2022
Closed on
Jul 22, 2022
Sold by
Bailey Jerad A
Bought by
Halonen Penny
Seller's Agent
Tanya Craig
Keller Williams GR East
Buyer's Agent
Mike George
Clear Realty Group
List Price
$224,500
Sold Price
$224,500
Current Estimated Value
$262,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,080
Avg. Annual Appreciation
3.88%

Purchase Details

Listed on
Aug 21, 2018
Closed on
Oct 17, 2018
Sold by
Bassett Timothy A
Bought by
Bailey Jerad and Bailey Jerad A
Seller's Agent
Steven Elder
Coldwell Banker Schmidt Realtors
Buyer's Agent
Tanya Craig
Keller Williams GR East
List Price
$179,900
Sold Price
$167,000
Premium/Discount to List
-$12,900
-7.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$125,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 14, 2015
Closed on
Mar 15, 2016
Sold by
Gomez Sanchez Juan Gualberto
Bought by
Bassett Timothy A
Seller's Agent
Rui DeOliveira
RE/MAX SunQuest Realty
Buyer's Agent
Michael Wood
Keller Williams GR North (Main)
List Price
$99,900
Sold Price
$92,000
Premium/Discount to List
-$7,900
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.88%
Original Mortgage
$93,978
Interest Rate
3.62%
Mortgage Type
VA

Purchase Details

Closed on
Jan 27, 2015
Sold by
Jpmorgan Chase Bank National Association
Bought by
Gomez Sanchez Juan G

Purchase Details

Closed on
Oct 15, 2014
Sold by
Melendez Efrain and Melendez Ruth
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jul 3, 1991
Sold by
Rogers Rogers W W and Rogers R
Bought by
Melendez Ruth Ann

Purchase Details

Closed on
Aug 28, 1987

Purchase Details

Closed on
Mar 11, 1983
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
Halonen Penny $224,500 None Listed On Document
Bailey Jerad $167,000 Chicago Title Of Michigan In
Bassett Timothy A $92,000 None Available
Gomez Sanchez Juan G $35,000 Servicelink Llc
Jpmorgan Chase Bank National Association $42,415 None Available
Melendez Ruth Ann $1,400 --
-- $42,900 --
-- $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bailey Jerad A $165,750
Previous Owner Bailey Jerad $125,250
Previous Owner Bassett Timothy A $93,978
Previous Owner Melendez Efrain $62,700
Previous Owner Melendez Efrain $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2022 07/25/22 Sold $224,500 0.0% --
07/08/2022 07/08/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $224,500 +34.4% --
10/18/2018 10/18/18 Sold $167,000 -7.2% --
08/24/2018 08/24/18 Pending -- -- --
08/21/2018 08/21/18 For Sale $179,900 +95.5% --
03/15/2016 03/15/16 Sold $92,000 -7.9% --
01/06/2016 01/06/16 Pending -- -- --
12/14/2015 12/14/15 For Sale $99,900 +185.4% --
06/09/2015 06/09/15 Sold $35,000 +41.4% --
05/11/2015 05/11/15 Pending -- -- --
04/29/2015 04/29/15 For Sale $24,750 -- --
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 $4,762 $114,000 $0 $0
2024 $4,762 $105,300 $0 $0
2023 $4,880 $95,100 $0 $0
2022 $3,099 $79,100 $0 $0
2021 $3,020 $70,600 $0 $0
2020 $2,919 $62,000 $0 $0
2019 $2,223 $56,000 $0 $0
2018 $2,223 $43,600 $0 $0
2017 $1,421 $36,600 $0 $0
2016 $1,292 $33,600 $0 $0
2015 $1,558 $33,600 $0 $0
2013 -- $31,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22027173

Southwestern Michigan Association of REALTORS®

APN: 41-13-13-377-016