NOT LISTED FOR SALE

Estimated Value: $255,000 - $308,000

-- Bed
2 Baths
1,616 Sq Ft
$169/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $217,500 $135 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,035/month

12 Days on Market

Highlights

  • Roll Under Sink
  • Forced Air Heating System
  • 4-minute walk to Marsh Field
  • Accessible Kitchen
  • Wood Siding

About This Home

As of February 2022

Investors looking to add more to your portfolio? Here's a three unit with potential to generate some easy cash flow. Each unit has a unique floor plan. The first unit is 2 story, 2 bed 2 1/2 bath with hot tub in the master with double vanity. Spiral stair case to the upper level with full bath and bedroom & setting area. Main floor laundry with 1/2 bath and easy access to the 4 stall heated garage.
Unit #2 is a 3 bedroom 1 bath & half. (This unit needs some updating) Unit #3 is in the lower level with 3 bedrooms 1 full bath and plenty of space for entertaining and office use. this unit also has access to the garage. Property is partially fenced with 3 additional lots included with purchase of property. Tax ID #24-232-005-0005-00
Zoned business commercial, Acres 0.43

Last Agent to Sell the Property

Lisa Vela

Five Star Real Estate License #6501353445 Listed on: 01/05/2022

Five Star Real Estate

Last Buyer's Agent

Lisa Vela

Five Star Real Estate License #6501353445 Listed on: 01/05/2022

Five Star Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,948

Year Built

  • Built in 1900

Lot Details

  • 6,229 Sq Ft Lot

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Accessible Home Design

  • Roll Under Sink
  • Accessible Kitchen

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Listing and Financial Details

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

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,000
  • Operating Expense $4,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,948

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Accessible Kitchen, Accessible Bath Sink

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 259900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6229.0
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 1000.0
  • Number of Units Total: 3
  • Operating Expense: 4600.0

Tax Info

  • Tax Annual Amount: 2948.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2023
Sold by
Singh Gurinder
Bought by
Gr Elite Properties Llc
Current Estimated Value
$272,396

Purchase Details

Listed on
Jan 5, 2022
Closed on
Feb 4, 2022
Sold by
Strube Georgia M
Bought by
Singh Gurinder
Seller's Agent
Lisa Vela
Five Star Real Estate
Buyer's Agent
Lisa Vela
Five Star Real Estate
List Price
$259,900
Sold Price
$217,500
Premium/Discount to List
-$42,400
-16.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.09%

Purchase Details

Closed on
Aug 22, 2013
Sold by
Return On Investment Corporation
Bought by
Strube Georgia M
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
Gr Elite Properties Llc -- None Listed On Document
Singh Gurinder $217,500 Ata National Title Group
Strube Georgia M $125,000 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2022 02/14/22 Sold $217,500 -16.3% $135 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $259,900 -- $161 / 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 $6,652 $149,400 $0 $0
2024 $1,255 $127,700 $0 $0
2023 $1,176 $100,300 $0 $0
2022 $3,044 $75,000 $0 $0
2021 $3,014 $64,400 $0 $0
2020 $2,948 $65,100 $0 $0
2019 $2,895 $64,300 $0 $0
2018 $2,986 $58,800 $0 $0
2017 $2,810 $57,800 $0 $0
2016 $510 $42,700 $0 $0
2015 -- $45,000 $0 $0
2014 $564 $49,900 $0 $0
2013 -- $50,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22000381

Southwestern Michigan Association of REALTORS®

APN: 24-232-005-0004-00