NOT LISTED FOR SALE

1987 Summerset Dr Unit 1 Muskegon, MI 49442

Estimated Value: $327,977 - $425,000

-- Bed
2 Baths
-- Sq Ft
0.46 Acres

Last Sold January 19, 2021

Last sale price $235,000

Est. 51% increase in value since last sale

Current estimated payment $2,568/month

6 Days on Market

About This Home

As of January 2021

Check out this city certified rental with new flooring, fresh paint, a short distance from 31 for easy commuting. This turn key updated duplex features a large lot, separate utilities and extra garage to boot! Each unit includes, 3 bedrooms, 2 FULL bathrooms, and laundry hook up. Stellar cap rate on this one - both units rented as well as additional income from garage. Schedule your showing today!

Last Agent to Sell the Property

Emmett TerBeek

Five Star Real Estate (Rock) License #6501406870 Listed on: 12/11/2020

Five Star Real Estate (Rock)

Last Buyer's Agent

THOMAS Tersigni

Brookstone Realtors LLC License #6501416262

Brookstone Realtors LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,309

Year Built

  • Built in 1995

Lot Details

  • 0.46

Parking

  • 4 Parking Spaces

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected

Additional Features

  • Crawl Space
  • 0.46 Acre Lot

Community Details

  • 2 Units
  • Gross Income $30,000

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,309

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1995
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 234900.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.46
  • Lot Size Area: 0.46
  • Lot Size Sq Ft: 20168.0
  • Zoning Description: RD DPLX
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 30000.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2309.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2020
Closed on
Jan 19, 2021
Sold by
Olil Llc
Bought by
Valdez Adrian H
Seller's Agent
Emmett TerBeek
Five Star Real Estate (Rock)
Buyer's Agent
THOMAS Tersigni
Brookstone Realtors LLC
List Price
$234,900
Sold Price
$235,000
Premium/Discount to List
$100
0.04%
Current Estimated Value
$355,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,744
Avg. Annual Appreciation
7.88%

Purchase Details

Listed on
May 12, 2020
Closed on
Jul 7, 2020
Sold by
S & S Properties Co Llc
Bought by
Olil Llc
Seller's Agent
Rob Stark
RE/MAX West
Buyer's Agent
Emmett TerBeek
Five Star Real Estate (Rock)
List Price
$189,900
Sold Price
$175,000
Premium/Discount to List
-$14,900
-7.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.92%

Purchase Details

Closed on
Dec 5, 2019
Sold by
Siwicke Leigh and Siwicke Leigh Ann
Bought by
S & S Properties Co Llc

Purchase Details

Closed on
Aug 29, 2019
Sold by
Midkiff Lynda
Bought by
S & S Properties Co Llc

Purchase Details

Closed on
Aug 13, 2012
Sold by
Midkiff Lynda
Bought by
Midkiff Lynda

Purchase Details

Closed on
Nov 17, 2010
Sold by
Midkiff Lynda
Bought by
Midkiff Lynda and Lynda Midkiff Revocable Living Trust
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
Valdez Adrian H $235,000 Next Door Title Agency Llc
Olil Llc $175,000 Premier Lakeshore Title
S & S Properties Co Llc -- Chicago Title Of Mi Inc
S & S Properties Co Llc $125,000 Chicago Title Of Mi Inc
Midkiff Lynda -- None Available
Midkiff Lynda -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2021 01/19/21 Sold $235,000 0.0% --
12/17/2020 12/17/20 Pending -- -- --
12/11/2020 12/11/20 For Sale $234,900 +34.2% --
07/02/2020 07/02/20 Sold $175,000 -7.8% --
06/01/2020 06/01/20 Pending -- -- --
05/12/2020 05/12/20 For Sale $189,900 -- --
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 $7,594 $202,400 $0 $0
2024 $1,450 $186,400 $0 $0
2023 $1,386 $148,200 $0 $0
2022 $6,495 $112,600 $0 $0
2021 $5,652 $97,200 $0 $0
2020 $5,801 $98,300 $0 $0
2019 $5,049 $96,300 $0 $0
2018 $5,503 $91,700 $0 $0
2017 $4,772 $83,800 $0 $0
2016 $855 $82,300 $0 $0
2015 -- $78,800 $0 $0
2014 -- $76,500 $0 $0
2013 -- $73,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Emmett TerBeek

    Seller's Agent in 2021

    Emmett TerBeek

    Five Star Real Estate (Rock)

    (616) 240-5945

    1 in this area

    140 Total Sales

    Emmett TerBeek
    Section Image

  • T

    Buyer's Agent in 2021

    THOMAS Tersigni

    Brookstone Realtors LLC

    Section Image

  • R

    Seller's Agent in 2020

    Rob Stark

    RE/MAX West

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20042054

Southwestern Michigan Association of REALTORS®

APN: 10-690-000-0001-00

Michigan Muskegon County Muskegon 49442

1987 Summerset Dr Unit 1, Muskegon, MI

This home is located at 1987 Summerset Dr Unit 1, Muskegon, MI 49442 since 11 December 2020 and is currently estimated at $355,744. This property was built in 1995. 1987 Summerset Dr Unit 1 is a home located in Muskegon County with nearby schools including Orchard View Early Elementary School, Cardinal Elementary School, and Orchard View Middle 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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