Seller's Agent in 2025
Rachel Kokosenski
Keller Williams GR North (Downtown)
(231) 261-2007
3 in this area
53 Total Sales
1607 Elwood St Muskegon, MI 49442
Marsh Field NeighborhoodEstimated Value: $216,000 - $224,000
--
Bed
4
Baths
2,835
Sq Ft
$77/Sq Ft
Est. Value
Highlights
- 1 Fireplace
- Corner Lot: Yes
- Forced Air Heating System
About This Home
As of April 2025Prime investment opportunity in a sought-after Muskegon location! This solid 4-plex sits on a sound foundation with a new roof (just 2 years old), ensuring lasting durability. Three of the four units are already rented, providing immediate income potential, while the fourth unit offers an opportunity to add value with updates. The property has natural light, functional layouts and strong structural integrity. Situated in a growing rental market, this is a fantastic chance to expand your portfolio with a turnkey multifamily property. Don't miss out—schedule your showing today!
Last Agent to Sell the Property
Keller Williams GR North (Downtown) License #6501448116 Listed on: 03/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,709
Year Built
- Built in 1940
Lot Details
- 4,966 Sq Ft Lot
- Lot Dimensions are 40 x 124
- Corner Lot: Yes
Parking
- 6 Parking Spaces
Home Design
- Aluminum Siding
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Cable TV Available
Community Details
- 4 Units
Listing and Financial Details
- The owner pays for trash collection, electricity, water, sewer, gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2025
Closed on
Apr 18, 2025
Sold by
Royce Edward L and Royce Lisa L
Bought by
1607 Elwood Llc
Seller's Agent
Rachel Kokosenski
Keller Williams GR North (Downtown)
Buyer's Agent
Tyler Johnson
Clear Realty Group
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,087
Avg. Annual Appreciation
4.59%
Original Mortgage
$161,250
Outstanding Balance
$160,677
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$58,410
Purchase Details
Listed on
Mar 13, 2025
Closed on
Apr 16, 2025
Sold by
Royce Victoria L
Bought by
Royce Edward L and Royce Lisa L
Seller's Agent
Rachel Kokosenski
Keller Williams GR North (Downtown)
Buyer's Agent
Tyler Johnson
Clear Realty Group
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%
Views
2
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Outstanding Balance
$160,677
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$58,410
Purchase Details
Closed on
Feb 23, 2024
Sold by
Royce Edward L and Royce Lisa L
Bought by
Royce Edward L and Royce Lisa L
Purchase Details
Closed on
Jan 6, 2006
Sold by
Sharlow Jerry G and Sharlow Janice L
Bought by
Royce Edward and Royce Lisa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,800
Interest Rate
6.34%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1607 Elwood Llc | $215,000 | None Listed On Document | |
| 1607 Elwood Llc | $215,000 | None Listed On Document | |
| Royce Edward L | -- | None Listed On Document | |
| Royce Edward L | -- | None Listed On Document | |
| Royce Edward L | -- | None Listed On Document | |
| Royce Edward L | -- | None Listed On Document | |
| Royce Edward | $61,000 | Harbor Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1607 Elwood Llc | $161,250 | |
| Closed | 1607 Elwood Llc | $161,250 | |
| Previous Owner | Royce Edward | $48,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Sold | $215,000 | -2.3% | $76 / Sq Ft |
| 03/17/2025 03/17/25 | Pending | -- | -- | -- |
| 03/13/2025 03/13/25 | For Sale | $220,000 | -- | $78 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $2,709 | $113,300 | $0 | $0 |
| 2024 | $507 | $91,900 | $0 | $0 |
| 2023 | $485 | $73,000 | $0 | $0 |
| 2022 | $2,485 | $52,700 | $0 | $0 |
| 2021 | $2,446 | $43,500 | $0 | $0 |
| 2020 | $2,392 | $42,800 | $0 | $0 |
| 2019 | $2,349 | $41,600 | $0 | $0 |
| 2018 | $2,296 | $37,000 | $0 | $0 |
| 2017 | $2,225 | $35,800 | $0 | $0 |
| 2016 | $414 | $35,000 | $0 | $0 |
| 2015 | -- | $36,800 | $0 | $0 |
| 2014 | $454 | $41,000 | $0 | $0 |
| 2013 | -- | $38,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Rachel Kokosenski
-
Mike Smallegan
Seller Co-Listing Agent in 2025
Mike Smallegan
Keller Williams GR North (Downtown)
(616) 439-1062
13 in this area
1,203 Total Sales
-
Tyler Johnson
T
Buyer's Agent in 2025
Tyler Johnson
Clear Realty Group
(616) 799-2903
2 in this area
84 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25009320
APN: 24-185-101-0020-00
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