NOT LISTED FOR SALE

Estimated Value: $1,116,180

-- Bed
-- Bath
-- Sq Ft
0.72 Acres

Last Sold May 22, 2014

Last sale price $450,000

Est. 148% increase in value since last sale

Current estimated payment $7,150/month

154 Days on Market

Highlights

  • 0.72 Acre Lot
  • Baseboard Heating
  • Wood Siding

About This Home

As of May 2014

Professionally managed 14 unit with on site laundry and garages. 1 spacious 3 bed unit and 13 2 bed units.

Last Agent to Sell the Property

Lisa Elburn

616 Realty LLC Listed on: 11/18/2013

616 Realty LLC

Last Buyer's Agent

Allison Koetsier

Compass Realty Services License #6502378425

Compass Realty Services

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,010

Year Built

  • Built in 1973

Lot Details

  • 0.72

Home Design

  • Brick Exterior Construction
  • Wood Siding

Additional Features

  • Natural lighting in basement
  • 0.72 Acre Lot
  • Baseboard Heating

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,010

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 489000.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved

Utilities

  • Heating: Baseboard
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.72
  • Lot Size Area: 0.72
  • Lot Size Sq Ft: 31150.0

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 10010.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2013
Closed on
May 22, 2014
Sold by
Wobma Ronald B and Wobma Carla
Bought by
Bamblam Llc
Seller's Agent
Lisa Elburn
616 Realty LLC
Buyer's Agent
Allison Koetsier
Compass Realty Services
List Price
$489,000
Sold Price
$450,000
Premium/Discount to List
-$39,000
-7.98%
Current Estimated Value
$1,116,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$666,180
Avg. Annual Appreciation
8.04%

Purchase Details

Closed on
Mar 4, 2013
Sold by
Wobma Dewey F and Wobma Kathleen J
Bought by
Wobma Dewey F and Wobma Kathleen J

Purchase Details

Closed on
Jan 9, 2003
Sold by
The M E Faith Fosheim Living Trust
Bought by
Wobma Dewey and Wobma Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,417
Interest Rate
5.94%
Mortgage Type
Commercial
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
Bamblam Llc $450,000 Sun Title Agency Of Mi Llc
Wobma Ronald B $400,000 Sun Title Agency Of Mi Llc
Wobma Dewey F -- None Available
Wobma Dewey $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wobma Dewey $206,417
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2014 05/22/14 Sold $450,000 -8.0% --
04/21/2014 04/21/14 Pending -- -- --
11/18/2013 11/18/13 For Sale $489,000 -- --
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 $14,785 $507,500 $0 $0
2024 $14,785 $438,300 $0 $0
2023 $14,900 $432,600 $0 $0
2022 $13,867 $419,100 $0 $0
2021 $13,504 $367,900 $0 $0
2020 $12,630 $302,200 $0 $0
2019 $13,063 $284,500 $0 $0
2018 $12,868 $274,900 $0 $0
2017 $12,569 $248,600 $0 $0
2016 $12,231 $210,500 $0 $0
2015 $12,140 $210,500 $0 $0
2013 -- $176,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13065112

Southwestern Michigan Association of REALTORS®

APN: 41-17-10-427-035