Seller's Agent in 2023
Sandi Gentry
RE/MAX Michigan
(616) 935-1150
1,401 Total Sales
18615 148th Ave Spring Lake, MI 49456
Estimated Value: $361,950 - $421,000
4
Beds
2
Baths
--
Sq Ft
0.53
Acres
Highlights
- Wooded Lot
- 1 Fireplace
- Forced Air Heating and Cooling System
- Spring Lake High School Rated A-
About This Home
As of July 2023Welcome to this contemporary duplex that offers a great investment opportunity in a highly sought-after location, and sitting on over half an acre of wooded land. Located in the award-winning Spring Lake School District, this property is perfect for those seeking a great return on investment. This charming Duplex boasts two units, each with 2 bedrooms and 1.5 baths. Both units have a total floor area of 1,100 sq ft. The right side of the Duplex has been completely renovated, with new cabinetry, appliances, and vaulted ceilings in the kitchen. The bathroom on this side has also been completely renovated with heated flooring. The left side of the Duplex is filled with potential, giving you the opportunity to put your own stamp on it and add even more value to the property. With a new roof, decks, storage shed, windows, flooring, plumbing upgrades, and much more, you can rest assured that this property is in great condition. Currently tenant-occupied, this Duplex is ready to provide you with a steady income stream. Enjoy the peace of mind that comes with knowing that this property is located in a safe and friendly community, close to great schools, downtown, highways, and restaurants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,936
Year Built
- Built in 1989
Lot Details
- 0.53 Acre Lot
- Lot Dimensions are 100 x 230
- Wooded Lot
Home Design
- Composition Roof
- Aluminum Siding
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
Parking
- 6 Parking Spaces
- Paved Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Septic System
- Phone Available
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for trash collection, sewer, gas
- The owner pays for water
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2023
Closed on
Jul 28, 2023
Sold by
Fester Karl and Fester Elke
Bought by
J D X Properties Llc
Seller's Agent
Sandi Gentry
RE/MAX Lakeshore
Buyer's Agent
Sandi Gentry
RE/MAX Lakeshore
List Price
$419,900
Sold Price
$370,000
Premium/Discount to List
-$49,900
-11.88%
Total Days on Market
32
Views
22
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,738
Avg. Annual Appreciation
4.09%
Original Mortgage
$277,500
Outstanding Balance
$272,953
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$124,226
Purchase Details
Closed on
Jan 15, 2007
Sold by
Gill Lawrence K and Gill Dawn M
Bought by
Fester Karl and Fester Elke
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 3, 2003
Sold by
Anderson Michele A
Bought by
Gill Lawrence K and Gill Dawn M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| J D X Properties Llc | -- | Chicago Title Of Michigan | |
| Fester Karl | $168,000 | Lighthouse Title Inc | |
| Gill Lawrence K | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | J D X Properties Llc | $277,500 | |
| Previous Owner | Fester Karl | $128,800 | |
| Previous Owner | Fester Karl | $142,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/28/2023 07/28/23 | Sold | $370,000 | -7.5% | -- |
| 06/19/2023 06/19/23 | Pending | -- | -- | -- |
| 06/09/2023 06/09/23 | Price Changed | $399,900 | -4.8% | -- |
| 05/18/2023 05/18/23 | For Sale | $419,900 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $6,656 | $160,800 | $0 | $0 |
| 2023 | $2,552 | $127,000 | $0 | $0 |
| 2022 | $2,936 | $93,200 | $0 | $0 |
| 2021 | $2,834 | $88,800 | $0 | $0 |
| 2020 | $2,836 | $87,900 | $0 | $0 |
| 2019 | $2,799 | $84,300 | $0 | $0 |
| 2018 | $2,655 | $77,300 | $11,300 | $66,000 |
| 2017 | $2,587 | $78,700 | $0 | $0 |
| 2016 | $2,574 | $68,900 | $0 | $0 |
| 2015 | -- | $69,200 | $0 | $0 |
| 2014 | -- | $65,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sandi Gentry
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 23016409
APN: 70-03-01-300-032
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