NOT LISTED FOR SALE

14532 State St Marne, MI 49435

Estimated Value: $277,000 - $306,000

Studio
-- Bath
-- Sq Ft
18,295 Sq Ft Lot

Sale Details

Date Sold: October 23, 2013

Last sale price $87,500

Est. 234% increase in value since last sale

Current estimated payment $1,789 / mo

11 Days on Market

About This Home

As of October 2013

Great opportunity to own a 5 Unit in Marne! Currently all units are occupied and rents range from $400-$485. Plenty of parking space available.

Last Agent to Sell the Property

Jeff Blahnik

Five Star Real Estate (Main) License #6502124015 Listed on: 09/06/2013

Five Star Real Estate (Main)

Last Buyer's Agent

Brian DeSmit

Apex Realty Group

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1970

Lot Details

  • 18,295 Sq Ft Lot

Home Design

  • Slab Foundation
  • Stone

Utilities

  • Forced Air Heating System
  • Well

Community Details

  • Insurance Expense $1,608

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1970

Lot Details

0.42 Acres

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Stone
  • List Price: 110000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Water Source: Well

Lot Info

  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Size Sq Ft: 18295.0
  • Zoning Description: HD

Rental Info

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

Multi Family

  • Insurance Expense: 1608.0

Tax Info

  • Tax Annual Amount: 1.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2013
Closed on
Oct 23, 2013
Sold by
Bc Gereaux Llc
Bought by
Why Knott Ventures Llc
Seller's Agent
Jeff Blahnik
Five Star Real Estate (Main)
Buyer's Agent
Brian DeSmit
Apex Realty Group
List Price
$110,000
Sold Price
$87,500
Premium/Discount to List
-$22,500
-20.45%
Current Estimated Value
$292,011

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,511
Avg. Annual Appreciation
10.15%

Purchase Details

Closed on
Apr 28, 2006
Sold by
Gone Fishin Investments Llc
Bought by
Bc Gereaux Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2005
Sold by
Bruursema Properties Llc
Bought by
Gone Fishin Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.82%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Why Knott Ventures Llc $87,500 Independent Title Svcs Inc
Bc Gereaux Llc $159,000 Independent Title Svcs Inc
Gone Fishin Investments Llc $140,000 Independent Title Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bc Gereaux Llc $140,000
Previous Owner Gone Fishin Investments Llc $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2013 10/23/13 Sold $87,500 -20.5% --
09/17/2013 09/17/13 Pending -- -- --
09/06/2013 09/06/13 For Sale $110,000 -- --
Source: MichRIC

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 $2,599 $115,300 $0 $0
2024 $25 $115,300 $0 $0
2023 $2,409 $115,300 $0 $0
2022 $2,600 $91,000 $0 $0
2021 $2,513 $88,100 $0 $0
2020 $2,498 $77,600 $0 $0
2019 $2,442 $73,400 $0 $0
2018 $2,366 $74,000 $13,000 $61,000
2017 $4,094 $64,200 $0 $0
2016 -- $52,800 $0 $0
2015 -- $51,600 $0 $0
2014 -- $49,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Blahnik

    Seller's Agent in 2013

    Jeff Blahnik

    Five Star Real Estate (Main)

    (616) 292-3725

    197 Total Sales

    Jeff Blahnik
    Section Image
  • Brian DeSmit

    Buyer's Agent in 2013

    Brian DeSmit

    Apex Realty Group

    (616) 813-3402

    230 Total Sales

    Brian DeSmit
    Section Image
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Map

Source: MichRIC

MLS Number: 13050192

MichRIC

APN: 70-06-35-361-001

Michigan Ottawa County Marne 49435

14532 State St, Marne, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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