NOT LISTED FOR SALE

1504 S State St St. Joseph, MI 49085

Estimated Value: $1,112,592

-- Bed
-- Bath
-- Sq Ft
0.74 Acres

Last Sold September 11, 2020

Last sale price $750,000

Est. 48% increase in value since last sale

Current estimated payment $7,165/month

3 Days on Market

Highlights

  • 0.74 Acre Lot
  • Forced Air Heating and Cooling System
  • 4-minute walk to Milton Park
  • Upton Middle School Rated A
  • Baseboard Heating

About This Home

As of September 2020

14 units, 9 buildings, 3 tax codes. The 2-story apartment complex has 6 units, all 1 bedroom. There are 8 separate homes, 7 have basements, 1 is on slab. Each home has its own gas furnace, water & electric meters (tenants pay). Call for additional details.

Last Agent to Sell the Property

Kerry Wright

Wright Properties License #6506043362 Listed on: 07/21/2020

Last Buyer's Agent

Judy Bibbings

eXp Realty License #6501291892

eXp Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $13,324

Year Built

  • Built in 1972

Lot Details

  • 0.74 Acre Lot

Parking

  • 25 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Stone

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 9 Buildings
  • 14 Units

Building Details

  • Insurance Expense $18,247
  • Gross Income $106,968

Property Details

Home Type

Apartment

Est. Annual Taxes

$13,324

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Other

Exterior Features

  • Construction Materials: Brick, Stone
  • List Price: 775000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 9
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 25.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected

Lot Info

  • Lot Size Acres: 0.74
  • Lot Size Area: 0.74
  • Lot Size Sq Ft: 32365.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 106968.0
  • Insurance Expense: 18246.89
  • Number of Units Total: 14

Tax Info

  • Tax Annual Amount: 13323.85
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2020
Closed on
Sep 11, 2020
Sold by
Dale King Enterprises Llc
Bought by
Pantelleria Rentals Llc
Seller's Agent
Kerry Wright
Wright Properties
Buyer's Agent
Judy Bibbings
eXp Realty
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%
Current Estimated Value
$1,112,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,592
Avg. Annual Appreciation
7.59%
Original Mortgage
$600,000
Outstanding Balance
$537,274
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$547,807

Purchase Details

Listed on
Oct 24, 2017
Closed on
Jun 4, 2018
Sold by
Hein Sr Ronald L
Bought by
Dale King Enterprises Llc
Seller's Agent
Dick Donnellan
Core Real Estate, Inc.
Buyer's Agent
Chris Marzke
@properties Christie's International R.E.
List Price
$765,000
Sold Price
$712,500
Premium/Discount to List
-$52,500
-6.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.28%

Purchase Details

Listed on
Oct 24, 2017
Closed on
Jun 1, 2018
Sold by
Hein Ronald L
Bought by
Dale King Enterprises Llc
Seller's Agent
Dick Donnellan
Core Real Estate, Inc.
Buyer's Agent
Chris Marzke
@properties Christie's International R.E.
List Price
$765,000
Sold Price
$712,500
Premium/Discount to List
-$52,500
-6.86%

Purchase Details

Closed on
Jun 29, 2000

Purchase Details

Closed on
Apr 27, 1998

Purchase Details

Closed on
May 16, 1986

Purchase Details

Closed on
Oct 1, 1984

Purchase Details

Closed on
Sep 21, 1982

Purchase Details

Closed on
Mar 6, 1979
Source: Public Records

Range of Values:

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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
Pantelleria Rentals Llc $750,000 Sekerka William M
Pantolleria Rentals Llc $750,000 Accommodation
Dale King Enterprises Llc -- Chicago Title
Dale King Enterprises Llc -- Chicago Title Of Michigan
-- -- --
-- -- --
-- $201,000 --
-- -- --
-- -- --
-- $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pantolleria Rentals Llc $600,000
Closed Pantelleria Rentals Llc $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $750,000 -3.2% --
07/24/2020 07/24/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $775,000 +8.8% --
06/01/2018 06/01/18 Sold $712,500 -6.9% --
01/05/2018 01/05/18 Pending -- -- --
10/24/2017 10/24/17 For Sale $765,000 -- --
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 $15,199 $297,000 $0 $0
2024 $14,885 $272,900 $0 $0
2023 $14,245 $247,100 $0 $0
2022 $14,761 $258,100 $0 $0
2021 $14,548 $247,500 $54,200 $193,300
2020 $13,473 $232,700 $0 $0
2019 $13,324 $213,100 $51,300 $161,800
2018 $12,685 $213,100 $0 $0
2017 $11,717 $214,200 $0 $0
2016 $11,717 $215,000 $0 $0
2015 $11,608 $246,400 $0 $0
2014 $11,180 $247,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kerry Wright

    Seller's Agent in 2020

    Kerry Wright

    Wright Properties

    (269) 369-4640

    104 in this area

    248 Total Sales

    Kerry Wright
    Section Image

  • J

    Buyer's Agent in 2020

    Judy Bibbings

    eXp Realty

    Section Image

  • B

    Buyer's Agent in 2020

    Bibbings Property Group

    Keller Williams Realty Swm

  • Dick Donnellan

    Seller's Agent in 2018

    Dick Donnellan

    Core Real Estate, Inc.

    (269) 921-0023

    2 in this area

    59 Total Sales

    Dick Donnellan
    Section Image
  • Chris Marzke

    Buyer's Agent in 2018

    Chris Marzke

    @ Properties

    (269) 208-3635

    33 in this area

    106 Total Sales

    Chris Marzke
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20028616

Southwestern Michigan Association of REALTORS®

APN: 11-76-0026-0060-00-5

Michigan Berrien County Saint Joseph 49085

1504 S State St, Saint Joseph, MI

This home is located at 1504 S State St, St. Joseph, MI 49085 since 21 July 2020 and is currently estimated at $1,112,592. This property was built in 1972. 1504 S State St 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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