NOT LISTED FOR SALE

1731 Chapel St SW Wyoming, MI 49519

Estimated Value: $289,208 - $329,000

4 Beds
1 Bath
-- Sq Ft
10,062 Sq Ft Lot

Last Sold October 17, 2014

Last sale price $118,000

Est. 160% increase in value since last sale

Current estimated payment $1,917/month

56 Days on Market

About This Home

As of October 2014

Wyoming duplex in great location. Solid cashflow. (2) 2 bedroom units. $725/mo income from one unit, other unit vacant. Split electric. Certificate of compliance. 2 stall garage shared by tenants with separate storage. Each with laundry. Property consistently performs well, easy to rent. Long term tenants. Great for investment or owner-occupied.

Last Agent to Sell the Property

Darrell Deward

Icon Realty Group LLC License #6501380865 Listed on: 07/16/2014

Icon Realty Group LLC

Last Buyer's Agent

Michael Smarszcz

RE/MAX Lakeshore License #6501344472

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,330

Year Built

  • Built in 1968

Lot Details

  • 10,062

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Utilities

  • Radiant Heating System
  • Natural Gas Connected

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,330

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 115000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Radiant
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer

Lot Info

  • Zoning Description: R1

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2330.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2014
Closed on
Oct 17, 2014
Sold by
Living Spaces Llc
Bought by
Tisdell Preston
Seller's Agent
Darrell Deward
Icon Realty Group LLC
Buyer's Agent
Michael Smarszcz
RE/MAX Lakeshore
List Price
$115,000
Sold Price
$118,000
Premium/Discount to List
$3,000
2.61%
Current Estimated Value
$307,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,302
Avg. Annual Appreciation
9.31%
Original Mortgage
$115,862
Interest Rate
4.13%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 29, 2004
Sold by
Workman John K and Workman Lori W
Bought by
Workman Living Spaces Llc

Purchase Details

Closed on
Aug 27, 2004
Sold by
Vasquez Roberto and Vasquez Eduardo
Bought by
Workman John K and Workman Lori W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 1999
Bought by
Vasquez Roberto And and Workman Living Spaces Llc

Purchase Details

Closed on
Oct 8, 1998
Bought by
Vasquez Roberto And and Workman Living Spaces Llc

Purchase Details

Closed on
Dec 29, 1995
Bought by
Vasquez Roberto And and Workman Living Spaces Llc

Purchase Details

Closed on
May 13, 1994
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
Tisdell Preston $118,000 None Available
Workman Living Spaces Llc -- --
Workman John K $149,900 Fatic
Vasquez Roberto And $90,000 --
Vasquez Roberto And $90,000 --
Vasquez Roberto And $90,000 --
-- $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tisdell Preston $204,093
Closed Tisdell Preston $150,599
Closed Tisdell Preston $149,750
Closed Tisdell Preston $149,785
Closed Tisdel Preston $118,494
Closed Sdell Preston Ti $115,715
Closed Tisdell Preston $115,862
Previous Owner Workman John K $130,000
Previous Owner Vasquez Eduardo $131,805
Previous Owner Vasquez Roberto $131,848
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2014 10/17/14 Sold $118,000 +2.6% --
09/10/2014 09/10/14 Pending -- -- --
07/16/2014 07/16/14 For Sale $115,000 -- --
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 $2,622 $134,100 $0 $0
2024 $2,622 $113,500 $0 $0
2023 $2,507 $104,800 $0 $0
2022 $2,474 $91,300 $0 $0
2021 $2,412 $81,500 $0 $0
2020 $2,234 $70,400 $0 $0
2019 $2,344 $63,300 $0 $0
2018 $2,305 $54,700 $0 $0
2017 $2,250 $49,800 $0 $0
2016 $2,182 $44,500 $0 $0
2015 $2,162 $44,500 $0 $0
2013 -- $41,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Darrell Deward

    Seller's Agent in 2014

    Darrell Deward

    Icon Realty Group LLC

    (616) 537-6890

    301 Total Sales

    Darrell Deward
    Section Image

  • M

    Buyer's Agent in 2014

    Michael Smarszcz

    RE/MAX Michigan

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14040616

Southwestern Michigan Association of REALTORS®

APN: 41-17-15-478-014

Michigan Kent County Wyoming 49519

1731 Chapel St SW, Wyoming, MI

This home is located at 1731 Chapel St SW, Wyoming, MI 49519 since 16 July 2014 and is currently estimated at $307,302. This property was built in 1968. 1731 Chapel St SW is a home located in Kent County with nearby schools including Oriole Park Elementary School, West Elementary School, and Gladiola Elementary School.

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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