NOT LISTED FOR SALE

1857 Porter St SW Wyoming, MI 49519

Urbandale Neighborhood

Estimated Value: $333,000 - $465,000

8 Beds
4 Baths
-- Sq Ft
9,583 Sq Ft Lot

Last Sold June 09, 2022

Last sale price $390,000

Est. 4% increase in value since last sale

Current estimated payment $3,106/month

6 Days on Market

About This Home

As of June 2022

Wyoming 4 unit! Fully rented with stable tenants. Newer roof and well maintained. New hot water heater and many new windows. Income generating laundry. Great investment for monthly income. Current rent is below market value. There are 3- 2 bedroom units and 1-1 bedroom unit Units will be available for open showings Monday 2/28 from 4-6. by sellers request offers to be reviewed Tuesday 3/01/22 at 12 noon

Last Agent to Sell the Property

Gregory Stuyvesant

Pyxis Realty License #6501424680 Listed on: 02/24/2022

Last Buyer's Agent

Gary Rivera

Five Star Real Estate (Grandv) License #6501383699

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,957

Year Built

  • Built in 1962

Lot Details

  • 9,583 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Utilities

  • No Cooling
  • Baseboard Heating
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $2,613
  • Maintenance Expense $2,000
  • Operating Expense $16,570
  • Gross Income $32,000
  • Net Operating Income $15,430

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,957

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Aluminum Siding, Concrete, Brick
  • List Price: 399000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Baseboard
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9583.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 32000.0
  • Insurance Expense: 2613.0
  • Maintenance Expense: 2000.0
  • Net Operating Income: 15430.0
  • Number of Units Total: 4
  • Operating Expense: 16570.0

Tax Info

  • Tax Annual Amount: 3957.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Jun 9, 2022
Sold by
Sanders Joshua R and Sanders Shawn R
Bought by
Alyway Llc
Seller's Agent
Gregory Stuyvesant
Pyxis Realty
Buyer's Agent
Gary Rivera
Five Star Real Estate (Grandv)
List Price
$399,000
Sold Price
$390,000
Premium/Discount to List
-$9,000
-2.26%
Total Days on Market
6
Current Estimated Value
$404,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,939
Avg. Annual Appreciation
-0.89%
Original Mortgage
$1,434,750
Outstanding Balance
$1,380,711
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
-$1,001,074

Purchase Details

Closed on
Nov 30, 2020
Sold by
Sanders Joshua R and Sanders Shawn R
Bought by
Sanders Joshua R and Sanders Shawn R

Purchase Details

Closed on
Sep 9, 2020
Sold by
Sanders Joshua
Bought by
Sanders Joshua and Sanders Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2019
Sold by
Dykstra Living Trust
Bought by
Sanders Joshua

Purchase Details

Closed on
Dec 30, 2016
Sold by
Dykstra Brothers Partnership
Bought by
Dykstra Living Trust

Purchase Details

Closed on
Aug 1, 1996
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
Alyway Llc $385,000 Ata National Title Group
Sanders Joshua R -- None Available
Sanders Joshua R -- None Available
Sanders Joshua -- None Available
Sanders Joshua $150,000 River Valley Title
Dykstra Living Trust -- None Available
Sanders Joshua -- River Valley Title
Dykstra Brote P -- None Available
-- $118,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alyway Llc $1,434,750
Previous Owner Sanders Joshua $150,000
Previous Owner Sanders Joshua $67,600
Closed Sanders Joshua $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2022 06/09/22 Sold $390,000 -2.3% --
03/02/2022 03/02/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $399,000 -- --
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
2024 $10,093 $181,100 $0 $0
2023 $9,880 $170,400 $0 $0
2022 $4,205 $110,400 $0 $0
2021 $4,095 $98,300 $0 $0
2020 $3,830 $95,900 $0 $0
2019 $3,961 $75,200 $0 $0
2018 $3,902 $67,000 $0 $0
2017 $3,811 $69,700 $0 $0
2016 $3,185 $61,600 $0 $0
2015 $3,161 $61,600 $0 $0
2013 -- $53,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gregory Stuyvesant

    Pyxis Realty

    (616) 299-5396

    2 in this area

    33 Total Sales

    Gregory Stuyvesant
    Section Image

  • G

    Buyer's Agent in 2022

    Gary Rivera

    Five Star Real Estate (Grandv)

    (616) 560-7563

    5 in this area

    60 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22005689

Southwestern Michigan Association of REALTORS®

APN: 41-17-10-257-022

Michigan Kent County Wyoming 49519 Urbandale

1857 Porter St SW, Wyoming, MI

This home is located at 1857 Porter St SW, Wyoming, MI 49519 since 24 February 2022 and is currently estimated at $404,939. This property was built in 1962. 1857 Porter St SW is a home located in Kent County with nearby schools including Oriole Park Elementary School, Parkview Elementary School, and Wyoming Intermediate 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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