NOT LISTED FOR SALE

18115 Mohawk Dr Spring Lake, MI 49456

Estimated Value: $390,000 - $436,000

4 Beds
3 Baths
-- Sq Ft
0.47 Acres

Last Sold April 07, 2017

Last sale price $217,000

Est. 93% increase in value since last sale

Current estimated payment $2,689/month

31 Days on Market

Highlights

  • Wooded Lot
  • Forced Air Heating and Cooling System
  • 2 Car Garage
  • Lake Hills Elementary School Rated A

About This Home

As of April 2017

Quality duplex with excellent rental history. Currently one unit with one long term (7 years) tenant, $1,025/mo. and other unit at $1,075/mo. Tenants pay all utilities and a per capita share of the quarterly water/sewer bill, tenant responsible for lawn mowing and snow removal, landlord pays trash service.

Last Agent to Sell the Property

Bernie Tassin

Nexes Realty Muskegon License #6502129865 Listed on: 02/20/2017

Last Buyer's Agent

Laura Zervas

Five Star Real Estate GH License #6501289555

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,583

Year Built

  • Built in 1988

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 87x140x106x147
  • Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,583

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1988
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 87x140x106x147
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3583.0
  • General Property Info:Total _pound_ Units: 2
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Daylight: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Daylight

Exterior Features

  • List Price: 224000.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.47
  • Lot Size Area: 0.47
  • Lot Size Sq Ft: 20688.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3583.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2017
Closed on
Apr 7, 2017
Sold by
Masvero Joseph Brandon and Masvero Joseph B
Bought by
Bolt James J
Seller's Agent
Bernie Tassin
Nexes Realty Muskegon
Buyer's Agent
Laura Zervas
Five Star Real Estate GH
List Price
$224,000
Sold Price
$217,000
Premium/Discount to List
-$7,000
-3.12%
Current Estimated Value
$419,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,705
Avg. Annual Appreciation
7.48%
Original Mortgage
$162,750
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2015
Sold by
Masvero Andrea Jo
Bought by
Masvero Joseph Brandon
Source: Public Records

Range of Values:

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Average Value
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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
Bolt James J -- Safe Title
Masvero Joseph Brandon -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bolt James J $212,800
Closed Bolt James J $162,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2017 04/07/17 Sold $217,000 -3.1% --
03/23/2017 03/23/17 Pending -- -- --
02/20/2017 02/20/17 For Sale $224,000 -- --
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 $4,824 $204,900 $0 $0
2024 $3,969 $196,400 $0 $0
2023 $4,002 $172,800 $0 $0
2022 $4,711 $125,500 $0 $0
2021 $4,550 $118,400 $0 $0
2020 $4,543 $114,400 $0 $0
2019 $4,481 $112,200 $0 $0
2018 $4,267 $95,000 $19,500 $75,500
2017 $3,882 $92,300 $0 $0
2016 $3,856 $86,800 $0 $0
2015 -- $87,200 $0 $0
2014 -- $84,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16049383

Southwestern Michigan Association of REALTORS®

APN: 70-03-08-380-016