NOT LISTED FOR SALE

1424 S State St Unit 1-6 St. Joseph, MI 49085

-- Bed
-- Bath
-- Sq Ft
2.6 Acres

Last Sold July 02, 2018

Last sale price $370,000

4 Days on Market

Highlights

  • 2.6 Acre Lot
  • Baseboard Heating
  • High Speed Internet
  • Upton Middle School Rated A
  • 6 Car Garage
  • 4-minute walk to Milton Park

About This Home

As of July 2018

Great City of St. Joseph investor opportunity! Super clean and quiet! 1/2 block from Main Street. 3 of the 6 units have been completely remodeled in last few years. 3 Garages and 3 carports plus additional storage area. Excellent rents with room to increase. Owner has made many improvements so you don't have to. New roof and Boiler, updated electric. All units on yearly lease and are metered with tenants paying electric. If tenants have gas stove, separate meters are set up tenants to pay that portion of gas. Great location for easy stroll to downtown restaurants, shopping, beaches and entertainment. Newer boiler. Heat, Water and lawn care paid by landlord.

Last Agent to Sell the Property

Michele Kaiser

@properties Christie's International R.E. License #6501309604 Listed on: 05/25/2018

@properties Christie's International R.E.

Last Buyer's Agent

VN Pete Jorgensen II

Pete Jorgensen Real Estate License #6504431104

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,460

Year Built

  • Built in 1940

Lot Details

  • 2.6 Acre Lot
  • Lot Dimensions are 55x201

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 6 Car Garage
  • Carport

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Individual Gas Meter
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $3,360
  • Maintenance Expense $5,790
  • Manager Expense $5,790
  • Utility Expense $3,000
  • Operating Expense $23,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,460

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 55x201
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5460.0
  • Tax Info:Zoning3: R-1
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 6
  • 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:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Walk Out: Yes
  • Heat Type:Baseboard: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk Out

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 380000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Extras:Carports: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water, Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 2.6
  • Lot Size Area: 2.6
  • Lot Size Sq Ft: 113256.0
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 3360.0
  • Maintenance Expense: 5790.0
  • Manager Expense: 5790.0
  • Number of Units Total: 6
  • Operating Expense: 23400.0

Tax Info

  • Tax Annual Amount: 5460.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2018
Closed on
Jul 9, 2018
Sold by
Mastilenko Aleksey I and Mastilenko Daniela I
Bought by
1424 South State Street Llc
Seller's Agent
Michele Kaiser
@properties Christie's International R.E.
Buyer's Agent
VN Pete Jorgensen II
Pete Jorgensen Real Estate
List Price
$380,000
Sold Price
$370,000
Premium/Discount to List
-$10,000
-2.63%

Purchase Details

Listed on
May 25, 2018
Closed on
Jul 2, 2018
Sold by
Mastilenko Aleksey and Betancourt Mastilenko Daniela I
Bought by
1424 South State Street Llc
Seller's Agent
Michele Kaiser
@properties Christie's International R.E.
Buyer's Agent
VN Pete Jorgensen II
Pete Jorgensen Real Estate
List Price
$380,000
Sold Price
$370,000
Premium/Discount to List
-$10,000
-2.63%

Purchase Details

Closed on
Jun 20, 2014
Sold by
Honor Credit Union
Bought by
Mastilenko Aleksey and Betancourt Mastilenko Daniela I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 11, 2013
Sold by
Zimmerle Johnny W
Bought by
Honor Credit Union

Purchase Details

Closed on
Apr 20, 2006
Sold by
Bowman Larry R and Bowman June E
Bought by
Zimmerle Johnny W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,600
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 8, 2004
Sold by
T & B Investments
Bought by
Bowman Larry R

Purchase Details

Closed on
Mar 17, 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
1424 South State Street Llc -- Mtc
1424 South State Street Llc -- Meridian Title Corp
Mastilenko Aleksey $149,900 Fat
Honor Credit Union $160,000 None Available
Zimmerle Johnny W $207,000 None Available
Bowman Larry R -- --
-- $82,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mastilenko Aleksey $132,000
Previous Owner Zimmerle Johnny W $165,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2018 07/02/18 Sold $370,000 -2.6% --
05/29/2018 05/29/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $380,000 -- --
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 $6,494 $148,400 $0 $0
2024 $6,359 $134,700 $0 $0
2023 $6,086 $119,300 $0 $0
2022 $5,805 $119,500 $0 $0
2021 $5,721 $112,900 $30,100 $82,800
2020 $5,643 $105,100 $0 $0
2019 $5,581 $89,900 $28,500 $61,400
2018 $5,353 $89,900 $0 $0
2017 $5,068 $90,300 $0 $0
2016 $5,068 $89,900 $0 $0
2015 $5,552 $99,100 $0 $0
2014 $5,252 $98,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Michele Kaiser

    @ Properties

    (269) 469-0700

    16 in this area

    99 Total Sales

    Michele Kaiser
    Section Image

  • V

    Buyer's Agent in 2018

    VN Pete Jorgensen II

    Pete Jorgensen Real Estate

    (269) 921-0857

    4 in this area

    33 Total Sales

    VN Pete Jorgensen II
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18023420

Southwestern Michigan Association of REALTORS®

APN: 11-76-0026-0019-00-5

Michigan Berrien County Saint Joseph 49085

1424 S State St Unit 1-6, Saint Joseph, MI

This home is located at 1424 S State St Unit 1-6, St. Joseph, MI 49085 since 25 May 2018. This property was built in 1940. 1424 S State St Unit 1-6 is a home located in Berrien County with nearby schools including Upton Middle School, St. Joseph High School, and Benton Harbor Charter School Academy.

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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