NOT LISTED FOR SALE

18721 144th Ave Spring Lake, MI 49456

Estimated Value: $271,000 - $446,000

-- Bed
3 Baths
-- Sq Ft
1.42 Acres

Last Sold March 14, 2022

Last sale price $207,500

Est. 72% increase in value since last sale

Current estimated payment $2,360/month

2 Days on Market

About This Home

As of March 2022

Highest and best offers due February 2nd at 11:59pm. Multiple above list offers. This duplex had both units renovated in 2021. Each unit features separate utilities (electric, gas), includes a washer/dryer hookup and has it's own private garage. Renovations included a new roof (complete tear off), new flooring, new kitchen, new bathroom, fresh paint, new luxury vinyl flooring, and new electric panel. One unit is month-to-month while the other is on a long-term lease. Gross rents are $1900/month and below market rates. Seller is a licensed agent in the State of Michigan. No showings until an offer is accepted.

Last Agent to Sell the Property

Kase Knochenhauer

Keymark Realty Listed on: 02/01/2022

Last Buyer's Agent

Patrick Gordon

RE/MAX Lakeshore

RE/MAX Lakeshore

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,380

Year Built

  • Built in 1973

Lot Details

  • 1.42

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • Well
  • Septic System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Crawl Space
  • 1.42 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, trash collection, gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,380

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1973
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 224900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Broadband
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 1.42
  • Lot Size Area: 1.42
  • Lot Size Sq Ft: 61855.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2380.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Mar 14, 2022
Sold by
Oikos Properties Llc
Bought by
Pa Investments Llc
Seller's Agent
Kase Knochenhauer
Keymark Realty
Buyer's Agent
Patrick Gordon
RE/MAX Lakeshore
List Price
$224,900
Sold Price
$207,500
Premium/Discount to List
-$17,400
-7.74%
Total Days on Market
2
Current Estimated Value
$356,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,232
Avg. Annual Appreciation
17.60%

Purchase Details

Closed on
Dec 7, 2020
Sold by
Olovson Joseph A and Olovson Joseph
Bought by
Oikos Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Pa Investments Llc $415,000 Chicago Title
Pa Investments Llc $415,000 Chicago Title
Oikos Properties Llc $220,000 Chicago Title Of Mi Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oikos Properties Llc $145,000
Closed Pa Investments Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2022 03/14/22 Sold $207,500 -7.7% --
02/03/2022 02/03/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $224,900 -- --
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 $4,279 $116,600 $0 $0
2023 $4,087 $102,500 $0 $0
2022 $3,086 $67,700 $0 $0
2021 $3,179 $64,100 $0 $0
2020 $2,380 $60,400 $0 $0
2019 $2,345 $57,900 $0 $0
2018 $2,278 $56,300 $20,100 $36,200
2017 $2,226 $57,000 $0 $0
2016 $2,023 $48,300 $0 $0
2015 -- $48,500 $0 $0
2014 -- $46,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22003005

Southwestern Michigan Association of REALTORS®

APN: 70-03-01-400-020