NOT LISTED FOR SALE

Estimated Value: $273,000 - $311,000

Studio
-- Baths
-- Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: June 5, 2023

Last sale price $225,000

Est. 28% increase in value since last sale

Current estimated payment $1,823 / mo

10 Days on Market

Highlights

  • Forced Air Heating System
  • Lake Hills Elementary School Rated A
  • Level Lot

About This Home

As of June 2023

Introducing a duplex located in Spring Lake, MI, which has separate gas and electric utilities, ensuring convenience and privacy for both units. The interior of the home features modern and stylish luxury vinyl flooring throughout and has been recently updated, making it a great investment opportunity for those looking to generate passive income. The kitchens in each unit are well-designed and functional, with one of them featuring quartz countertops. With a market rent of $950 per unit, this duplex is an excellent investment opportunity for anyone looking to expand their real estate portfolio or purchase their first income-generating property. This duplex is currently tenant occupied, making it a hassle-free turnkey investment option. So, if you're looking for a well-maintained and income-generating property, then this duplex is worth a visit. Don't miss out on this great opportunity!

Last Agent to Sell the Property

Sandi Gentry

RE/MAX Lakeshore License #6506045021 Listed on: 04/14/2023

RE/MAX Lakeshore

Last Buyer's Agent

Nathan Patterson

Capstone Real Estate LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,416

Year Built

  • Built in 1967

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 102 x 66
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Crawl Space

Parking

  • 4 Parking Spaces
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,416

Year Built

Built in 1967

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1967
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 102 x 66
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Crawl Space: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Tax Info:Seller_squote_s Annual Property Tax2: 2416.23
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 219900.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 102 x 66
  • Lot Size Sq Ft: 6534.0

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2416.23
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Jun 2, 2023
Sold by
Bought by
Seller's Agent
Sandi Gentry
RE/MAX Lakeshore
Buyer's Agent
Nathan Patterson
Capstone Real Estate LLC
List Price
$219,900
Sold Price
$225,000
Premium/Discount to List
$5,100
2.32%
Views
190
Current Estimated Value
$287,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,455
Avg. Annual Appreciation
7.88%
Original Mortgage
$180,000
Outstanding Balance
$173,222
Interest Rate
6.39%
Mortgage Type
Construction
Estimated Equity
$114,233

Purchase Details

Closed on
Oct 5, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,500
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2018
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,400
Interest Rate
6.06%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Spring Lake, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$225,000 Chicago Title
-- None Available
-- None Available
-- Harbor Title Agency Of Grand
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $180,000
Previous Owner $108,500
Previous Owner $77,000
Previous Owner $75,183
Previous Owner $87,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/05/2023 06/05/23 Sold $225,000 +2.3% --
04/24/2023 04/24/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $219,900 0.0% --
10/29/2017 10/29/17 Rented -- -- --
10/29/2017 10/29/17 Under Contract -- -- --
10/18/2017 10/18/17 For Rent $675 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,955 $90,600 $0 $0
2025 $2,834 $79,800 $0 $0
2024 $27 $74,300 $0 $0
2023 $2,363 $64,900 $0 $0
2022 $2,416 $51,100 $0 $0
2021 $2,278 $49,200 $0 $0
2020 $2,257 $49,800 $0 $0
2019 $2,226 $46,100 $0 $0
2018 $4,101 $43,000 $10,800 $32,200
2017 -- $44,700 $0 $0
2016 -- $44,600 $0 $0
2015 -- $45,200 $0 $0
2014 -- $43,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23011242

MichRIC

APN: 70-03-16-100-044

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