NOT LISTED FOR SALE

Estimated Value: $157,000 - $265,000

5 Beds
3 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold January 30, 2018

Last sale price $70,000

Est. 206% increase in value since last sale

Current estimated payment $1,439/month

5 Days on Market

Highlights

  • High Speed Internet
  • Heating System Uses Natural Gas
  • 4-minute walk to Heart Of Cedar Springs Park

About This Home

As of January 2018

Great investment opportunity on Main St. in Cedar Springs! This 2 unit is next door to the brand new public library and a few hundred feet from the popular CS Brewery! Huge 66' x 132' lot with lots of parking. Unit one is a 3 bed/1bath and unit two is a 3 bed/1.5 bath. Both units have laundry hook-up. Gross rents are $1050. Tenants pay gas, electric, and trash. Landlord pays water/sewer. Cash only, no land contracts. Seller is a licensed real estate sales person in the State of Michigan.

Last Agent to Sell the Property

Timothy Hullinger

616 Realty LLC License #6501388729 Listed on: 01/11/2018

616 Realty LLC

Last Buyer's Agent

Peter Bruinsma

Grand River Realty License #6502402583

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,265

Year Built

  • Built in 1925

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Crawl Space

Parking

  • 8 Parking Spaces
  • Unpaved Driveway

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for trash collection, gas
  • The owner pays for water, sewer

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $600
  • Utility Expense $950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,265

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 1265.0
  • Tax Info:Zoning3: B-3
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Heat Type:Radiant: Yes
  • Substructure:Crawl Space: Yes
  • Driveway:Shared Unpaved: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 73000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Heating: Natural Gas, Radiant
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: B-3
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Insurance Expense: 600.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1265.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2021
Sold by
Cedar Holding Company Llc
Bought by
Round Lake Dr Llc
Current Estimated Value
$214,370

Purchase Details

Listed on
Jan 11, 2018
Closed on
Jan 30, 2018
Sold by
Hullinger Properties Llc
Bought by
Cedar Holding Company L L C
Seller's Agent
Timothy Hullinger
616 Realty LLC
Buyer's Agent
Peter Bruinsma
Grand River Realty
List Price
$73,000
Sold Price
$70,000
Premium/Discount to List
-$3,000
-4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.64%

Purchase Details

Listed on
May 13, 2014
Closed on
Jun 20, 2014
Sold by
Vanhestern Janice and Vanhestern Van Hestern
Bought by
Hullinger Properties Llc
Seller's Agent
Richard Christensen
Stout Group Ltd
Buyer's Agent
Richard Christensen
Stout Group Ltd
List Price
$40,000
Sold Price
$17,000
Premium/Discount to List
-$23,000
-57.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.84%
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
Round Lake Dr Llc $125,000 None Listed On Document
Cedar Holding Company L L C $70,000 Sun Title Agency Of Michigan
Hullinger Properties Llc $17,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/30/2018 01/30/18 Sold $70,000 -4.1% --
01/16/2018 01/16/18 Pending -- -- --
01/11/2018 01/11/18 For Sale $73,000 +329.4% --
06/20/2014 06/20/14 Sold $17,000 -57.5% -- View Prior Sale
06/12/2014 06/12/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $40,000 -- --
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 $3,580 $80,000 $0 $0
2024 $3,580 $58,900 $0 $0
2023 $3,969 $65,300 $0 $0
2022 $4,787 $75,400 $0 $0
2021 $3,479 $71,300 $0 $0
2020 $3,339 $57,100 $0 $0
2019 $3,252 $52,100 $0 $0
2018 $1,328 $25,500 $0 $0
2017 $1,294 $20,600 $0 $0
2016 $1,265 $20,600 $0 $0
2015 -- $20,600 $0 $0
2013 -- $20,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18001069

Southwestern Michigan Association of REALTORS®

APN: 41-02-25-427-011