NOT LISTED FOR SALE

1575 Peck St Muskegon, MI 49441

Nelson Neighborhood

Estimated Value: $188,000 - $236,000

6 Beds
4 Baths
2,634 Sq Ft
$82/Sq Ft Est. Value

Last Sold December 13, 2019

Last sale price $121,500 $46 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,511/month

50 Days on Market

About This Home

As of December 2019

Exciting turn-key investment with impressive, immediate cash flow. This home awaits being an addition to your portfolio! Beautiful, large side-by-side duplex is located within the Muskegon Historical District. Great location within walking distance to Hackley Hospital. The property boasts spacious 3 bedrooms, 1.5 baths, formal dining room, and a carport on each side. Additional off-street parking for three vehicles per side. In addition, each unit has its own full basement for storage or recreational living space. Extensive improvements have been made to the bathrooms and kitchens, as well as gorgeous wood floors throughout most of the home. Newer kitchen appliances included with washer/dryer hook up in basement. This property is currently occupied by long-term tenants on month-to-month lease agreements. These tenants take pride in where they live, this in turn keeps your property clean and tidy. Please allow 48 hours notice for showings.

Last Agent to Sell the Property

Christopher Hare

RE/MAX West Listed on: 10/08/2019

RE/MAX West

Last Buyer's Agent

Angela Musk

Greenridge Realty White Lake License #6501411267

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,747

Year Built

  • Built in 1941

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,747

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1941
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 130000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 7841.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2747.27
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2019
Closed on
Dec 27, 2019
Sold by
Vel Properties Llc
Bought by
Pensco Trust Company Llc
Seller's Agent
Christopher Hare
RE/MAX West
Buyer's Agent
Angela Musk
Greenridge Realty White Lake
List Price
$130,000
Sold Price
$121,500
Premium/Discount to List
-$8,500
-6.54%
Current Estimated Value
$215,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,297
Avg. Annual Appreciation
10.80%

Purchase Details

Closed on
May 10, 2017
Sold by
Lanting Vicki
Bought by
Vel Properties Llc

Purchase Details

Closed on
Apr 28, 2017
Sold by
Hollern Suzan and Blakemore Suzan
Bought by
Lanting Vicki

Purchase Details

Closed on
Jul 2, 2003
Sold by
Rasmussen Ken
Bought by
Rasmussen Ken and Blakemore Suzan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,400
Interest Rate
5.36%
Mortgage Type
Unknown
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
Pensco Trust Company Llc $121,500 None Available
Vel Properties Llc -- Attorney
Lanting Vicki $85,000 Essential Title Agency Llc
Rasmussen Ken -- Chicago Title
Rasmussen Ken -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rasmussen Ken $88,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $121,500 -6.5% $46 / Sq Ft
11/27/2019 11/27/19 Pending -- -- --
10/08/2019 10/08/19 For Sale $130,000 -- $49 / Sq Ft
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 $3,826 $138,100 $0 $0
2024 $722 $114,300 $0 $0
2023 $690 $89,600 $0 $0
2022 $3,507 $67,200 $0 $0
2021 $3,451 $61,300 $0 $0
2020 $3,375 $53,500 $0 $0
2019 $2,683 $42,200 $0 $0
2018 $2,747 $43,200 $0 $0
2017 $2,604 $43,100 $0 $0
2016 $484 $41,000 $0 $0
2015 -- $43,800 $0 $0
2014 $531 $48,600 $0 $0
2013 -- $45,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Christopher Hare

    Seller's Agent in 2019

    Christopher Hare

    RE/MAX West

    (231) 206-4664

    1 in this area

    108 Total Sales

    Christopher Hare
    Section Image

  • A

    Buyer's Agent in 2019

    Angela Musk

    Greenridge Realty White Lake

    (231) 672-0847

    103 Total Sales

    Angela Musk
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19049296

Southwestern Michigan Association of REALTORS®

APN: 24-205-424-0010-00

Michigan Muskegon County Muskegon 49441 Nelson

1575 Peck St, Muskegon, MI

This home is located at 1575 Peck St, Muskegon, MI 49441 since 08 October 2019 and is currently estimated at $215,797, approximately $81 per square foot. This property was built in 1941. 1575 Peck St is a home located in Muskegon County with nearby schools including Dr. Martin Luther King Academy, Muskegon Maritime Academy, and Muskegon Covenant 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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