NOT LISTED FOR SALE

Estimated Value: $160,000 - $196,000

4 Beds
3 Baths
2,304 Sq Ft
$79/Sq Ft Est. Value

Last Sold April 17, 2020

Last sale price $89,900 $39 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $1,317/month

About This Home

As of April 2020

Great opportunity here for a very large 2 unit investment property. Each unit up and down are currently setup for 3 bedrooms, 1 bathroom, kitchen and living room. Plenty of updates to the home including a new roof in 2018, all new flooring, 2 NEW forced air gas furnaces, electrical, pluming, doors, trim, cabinets and appliances. They haven't been lived in since renovations.

This place has off street parking, split electrical and natural gas and tons of updates! It is currently up to code and has just recently passed the city inspection rental certificate.

Ton's of potential and priced to moved. These vacant turn-key rentals don't come up often so jump on this opportunity soon before its gone!

Buyer and buyers agent to verify all information.

Last Agent to Sell the Property

Tim Updyke

Five Star Real Estate License #6501410013 Listed on: 04/17/2020

Five Star Real Estate

Last Buyer's Agent

Kyle Geenen

Coldwell Banker Woodland Schmidt License #6506045834

Coldwell Banker Woodland Schmidt

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,281

Year Built

  • Built in 1930

Lot Details

  • 4,356

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Additional Features

  • 4,356 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,281

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 89900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Public Sewer

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1281.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2020
Closed on
May 15, 2020
Sold by
Shepherd Capital Management Llc
Bought by
Jbb Real Estate Ventures Llc
Seller's Agent
Tim Updyke
Five Star Real Estate
Buyer's Agent
Kyle Geenen
Coldwell Banker Woodland Schmidt
List Price
$49,900
Sold Price
$89,900
Premium/Discount to List
$40,000
80.16%
Current Estimated Value
$181,584

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,684
Avg. Annual Appreciation
13.31%

Purchase Details

Closed on
Apr 24, 2018
Sold by
The Wildfield Department Llc
Bought by
Stalling Hamid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,500
Interest Rate
4.44%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 14, 2008
Sold by
Lasalle Bank Na
Bought by
Wildfield Development Lc

Purchase Details

Closed on
Aug 17, 2006
Sold by
Option One Mortgage Corp
Bought by
Lasalle Bank Na and Securitized Asset Investment Loan Trust

Purchase Details

Closed on
Jul 14, 2006
Sold by
White Jeanette M and White Russell D
Bought by
Option One Mortgage Corp

Purchase Details

Closed on
Oct 31, 2003
Sold by
City Of Muskegon
Bought by
White Russell and White Jeanette
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
Jbb Real Estate Ventures Llc $89,900 Lakeshore Ttl Group Holland
Stalling Hamid $28,000 Chicago Title Of Michigan In
Wildfield Development Lc $7,500 Attorneys Title Agency Llc
Lasalle Bank Na -- None Available
Option One Mortgage Corp $49,300 None Available
White Russell -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shepherd Capital Management Llc $23,300
Previous Owner Stalling Hamid $42,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2020 04/17/20 Sold $89,900 +80.2% $39 / Sq Ft
04/17/2020 04/17/20 Pending -- -- --
04/17/2020 04/17/20 For Sale $49,900 -- $22 / Sq Ft
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 $4,298 $84,000 $0 $0
2024 $811 $69,400 $0 $0
2023 $474 $54,400 $0 $0
2022 $2,412 $40,900 $0 $0
2021 $2,373 $37,300 $0 $0
2020 $2,056 $32,600 $0 $0
2019 $1,534 $24,300 $0 $0
2018 $1,346 $20,900 $0 $0
2017 $1,273 $20,900 $0 $0
2016 $235 $19,900 $0 $0
2015 -- $21,300 $0 $0
2014 $237 $23,500 $0 $0
2013 -- $22,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19048441

Southwestern Michigan Association of REALTORS®

APN: 24-205-392-0011-00