NOT LISTED FOR SALE

Estimated Value: $388,638 - $428,000

-- Bed
1 Bath
-- Sq Ft
2.3 Acres

Last Sold May 07, 2024

Last sale price $385,000

Est. 6% increase in value since last sale

Current estimated payment $2,546/month

2 Days on Market

Highlights

  • Private Waterfront
  • 2.3 Acre Lot
  • 1 Fireplace
  • Deeded Waterfront Access Rights
  • Wooded Lot
  • Home fronts a stream

About This Home

As of May 2024

Rare and well maintained investment home. Originally built as a single family and turned into a three unit. Location is unbeatable with fifteen minutes to Grand Haven and thirty minutes to downtown Grand Rapids. Sits on wooded acreage with Vincent Creek views from the house. Live in one unit and rent the other two, or there is the option to turn it back into a single family home. Studio apartment has a great long time tenant, other two apartments have been owner occupied. Beautiful cleared land by creek, spacious yard and landscaping with chicken coop in backyard. Apartment one is a 3 bed 1 bath and garage. Apartment two is a 1 bed 1 bath with front door entrance. Apartment three is first floor studio with large enclosed porch entrance. All three units have washer and dryer hook ups. This is a perfect opportunity for a first time home buyer to live in one unit and have the other two units pay the mortgage! Owners estimate rent at over $4,000 a month fully rented out (owners are currently living in 2 units). Utilities- Propane was $2864 total for 2023, Electric was $2413 in 2023, both utilities are for the entire building.

Last Agent to Sell the Property

Bradley Richards

ERA Reardon Realty Great Lakes License #6501412441 Listed on: 03/20/2024

Last Buyer's Agent

Gina Vis

HomeRealty, LLC License #6501309291

HomeRealty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,365

Year Built

  • Built in 1981

Lot Details

  • 2.3 Acre Lot
  • Lot Dimensions are 200 x 500
  • Home fronts a stream
  • Private Waterfront
  • 80 Feet of Waterfront
  • Wooded Lot

Home Design

  • Slab Foundation
  • Rubber Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Water Views

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Parking

  • 5 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Outdoor Features

  • Deeded Waterfront Access Rights

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Wall Furnace
  • Baseboard Heating
  • Propane
  • Well
  • Septic System

Listing and Financial Details

  • The owner pays for trash collection, electricity, gas

Community Details

Overview

  • 3 Units
  • Property is near a ravine

Building Details

  • Insurance Expense $1,800
  • Utility Expense $5,677

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,365

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1981
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 200 x 500
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3365.0
  • Tax Info:Zoning3: 401 residential
  • Waterfront Options:Water Access YN: Yes
  • General Property Info:Total _pound_ Units: 3
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Source:Propane: Yes
  • Sewer:Septic System: Yes
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • Heat Type:Wall Furnace: Yes
  • Lot Description:Ravine: Yes
  • Waterfront Options:Water Frontage3: 80.0
  • Driveway:Unpaved: Yes
  • Substructure:Slab: Yes
  • Heat Type:Baseboard: Yes
  • Roofing:Rubber: Yes
  • Utilities Attached:Propane3: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: No
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 415000.0
  • Lot Features: Ravine, Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber
  • Water Body Name: Crockery Creek
  • Waterfront Features: Stream, Waterfront
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0
  • Unit 1:Garage4: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Propane, Wall Furnace, Baseboard
  • Heating: Yes
  • Laundry Features: Gas Dryer Hookup, In Unit
  • Sewer: Septic System
  • Utilities: Electric Available, Propane Connected, Electric Connected
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:Deeded Access: Yes
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 2.3
  • Lot Size Area: 2.3
  • Lot Dimensions: 200 x 500
  • Lot Size Sq Ft: 100188.0
  • Zoning Description: 401 residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Gas
  • Tenant Pays: None

Multi Family

  • Insurance Expense: 1800.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3365.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2024
Closed on
May 7, 2024
Sold by
Berry Samuel
Bought by
Lupi Anthony
Seller's Agent
Bradley Richards
ERA Reardon Realty Great Lakes
Buyer's Agent
Gina Vis
HomeRealty, LLC
List Price
$415,000
Sold Price
$385,000
Premium/Discount to List
-$30,000
-7.23%
Current Estimated Value
$407,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,910
Avg. Annual Appreciation
4.48%
Original Mortgage
$378,026
Outstanding Balance
$372,985
Interest Rate
6.79%
Mortgage Type
FHA
Estimated Equity
$34,925

Purchase Details

Listed on
Oct 8, 2020
Closed on
Nov 25, 2020
Sold by
Bullerman Serra Investments
Bought by
Berry Samuel
Seller's Agent
Jenny Locke
RE/MAX West
Buyer's Agent
Bradley Richards
ERA Reardon Realty Great Lakes
List Price
$259,900
Sold Price
$253,999
Premium/Discount to List
-$5,901
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.81%
Original Mortgage
$249,398
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 3, 2018
Sold by
Bullerman Randy
Bought by
Bullerman Serra Investments

Purchase Details

Closed on
Dec 31, 2003
Sold by
Veenstra Guba Anna M and Veenstra Anna M
Bought by
Bullerman Randy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lupi Anthony $385,000 Lakeshore Title
Berry Samuel $253,999 Ata National Title Group Llc
Bullerman Serra Investments -- None Available
Bullerman Randy $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lupi Anthony $378,026
Previous Owner Berry Samuel $188,600
Previous Owner Berry Samuel $249,398
Previous Owner Bullerman Randy $176,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2024 05/07/24 Sold $385,000 -7.2% --
03/07/2024 03/07/24 Pending -- -- --
03/05/2024 03/05/24 For Sale $415,000 +63.4% --
11/25/2020 11/25/20 Sold $253,999 -2.3% --
10/14/2020 10/14/20 Pending -- -- --
10/08/2020 10/08/20 For Sale $259,900 -- --
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
2025 $3,924 $181,800 $0 $0
2024 $1,378 $179,500 $0 $0
2023 $1,312 $155,900 $0 $0
2022 $3,365 $130,000 $0 $0
2021 $3,273 $121,000 $0 $0
2020 $3,944 $112,600 $0 $0
2019 $3,876 $103,900 $0 $0
2018 $3,689 $93,100 $0 $0
2017 $3,673 $93,100 $0 $0
2016 -- $83,400 $0 $0
2015 -- $83,000 $0 $0
2014 -- $81,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24010643

Southwestern Michigan Association of REALTORS®

APN: 70-04-05-200-028