NOT LISTED FOR SALE

Estimated Value: $145,000 - $182,000

5 Beds
2 Baths
1,837 Sq Ft
$86/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $76,000 $41 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $1,072/month

About This Home

As of July 2020

Great Investment opportunity in the city of Muskegon. 2 unit centrally located close to highway,downtown Muskegon. Listing agent is related to seller.

Last Agent to Sell the Property

Lisa Vela

Five Star Real Estate License #6501353445 Listed on: 07/17/2020

Five Star Real Estate

Last Buyer's Agent

Lisa Vela

Five Star Real Estate License #6501353445 Listed on: 07/17/2020

Five Star Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,629

Year Built

  • Built in 1974

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,629

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 82000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3920.0
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1629.42
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Jul 29, 2020
Sold by
Patino Charles
Bought by
Eddy Summer
Seller's Agent
Lisa Vela
Five Star Real Estate
Buyer's Agent
Lisa Vela
Five Star Real Estate
List Price
$82,000
Sold Price
$76,000
Premium/Discount to List
-$6,000
-7.32%
Current Estimated Value
$158,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,000
Avg. Annual Appreciation
15.31%
Original Mortgage
$74,623
Outstanding Balance
$66,758
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$88,603

Purchase Details

Closed on
Jan 6, 2012
Sold by
Luna Maria
Bought by
U S Bank National Association

Purchase Details

Closed on
Aug 25, 2007
Sold by
Luna Maria
Bought by
Patino Juana

Purchase Details

Closed on
Feb 9, 2006
Sold by
Fairbanks Larry O and Fairbanks Sandra H
Bought by
Luna Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,575
Interest Rate
8.75%
Mortgage Type
New Conventional
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
Eddy Summer $76,000 None Available
U S Bank National Association $62,781 None Available
Patino Juana -- None Available
Luna Maria -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eddy Summer $74,623
Previous Owner Luna Maria $55,575
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2020 07/29/20 Sold $76,000 -7.3% $41 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $82,000 +985.9% $45 / Sq Ft
05/24/2013 05/24/13 Sold $7,551 -24.5% $4 / Sq Ft
04/29/2013 04/29/13 Pending -- -- --
04/16/2013 04/16/13 For Sale $10,000 -- $5 / 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 $2,401 $78,300 $0 $0
2024 $531 $63,900 $0 $0
2023 $507 $55,800 $0 $0
2022 $2,218 $45,700 $0 $0
2021 $2,181 $39,900 $0 $0
2020 $1,122 $33,300 $0 $0
2019 $1,566 $29,300 $0 $0
2018 $1,530 $27,200 $0 $0
2017 $1,484 $25,500 $0 $0
2016 $274 $24,400 $0 $0
2015 -- $24,500 $0 $0
2014 $269 $24,300 $0 $0
2013 -- $22,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20028040

Southwestern Michigan Association of REALTORS®

APN: 24-205-434-0011-00