NOT LISTED FOR SALE

20097 Willow Ln Edwardsburg, MI 49112

Estimated Value: $408,000

-- Bed
-- Bath
-- Sq Ft
1.93 Acres

Last Sold April 19, 2023

Last sale price $1,020,000

Current estimated payment $2,627/month

160 Days on Market

Highlights

  • Cul-De-Sac
  • Forced Air Heating and Cooling System
  • Level Lot
  • Edwardsburg Intermediate School Rated A-
  • 16 Car Garage
  • Doors are 36 inches wide or more

About This Home

As of April 2023

Great Investment Opportunity! 4 duplex buildings with a total of 8 updated and well maintained units. 3 floor plans (2 2BR, 1.5 units, 2 2BR, 2BA units, and 4 3BR, 2BA units). Great return on investment with opportunity for increased revenue. Units range from 1056-1260 sq ft and each unit has its own 1-car garage, water heater, furnace, AC, and patio. Anderson windows, vaulted ceilings, ancd carpet/tile floors. Great tenants in a low-maintenance neighborhood. Community is tucked away on a private road and is located on ~1.93 acres (to be split off from the 4.25 acre parcel) Conveniently located to Elkhart and within the award-winning school district of Edwardsburg.

Last Agent to Sell the Property

Tim Murray

Coldwell Banker Real Estate Group License #6501285726 Listed on: 07/21/2022

Coldwell Banker Real Estate Group

Last Buyer's Agent

David Clark

RE/MAX Elite Group License #6506043540

RE/MAX Elite Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 2002

Lot Details

  • 1.93 Acre Lot
  • Lot Dimensions are 300x281
  • Cul-De-Sac
  • Level Lot

Parking

  • 16 Car Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Accessible Home Design

  • Doors are 36 inches wide or more
  • Stepless Entry

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Well
  • Septic System
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 4 Buildings
  • 8 Units
  • Willow Lane Subdivision

Building Details

  • Insurance Expense $4,000
  • Maintenance Expense $3,200
  • Utility Expense $2,430
  • Operating Expense $17,630
  • Gross Income $88,980
  • Net Operating Income $71,350

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,000

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 2002
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 300x281
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 8000.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 8
  • General Property Info:Total _pound_ Bldgs: 4.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Lot Description:Cul-De-Sac: Yes
  • Util Avail at Street:Cable2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Slab: Yes
  • Location Property Info:Subdivision2: Willow Lane
  • Accessibility Feat:No Step Entrance: Yes
  • Extras:Sep Gas Meter: Yes
  • Accessibility Feat:_three_6 Inch Entrance Doo: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36 Inch Entrance Doo, No Step Entrance
  • Basement: Slab

Exterior Features

  • List Price: 1200000.0
  • Lot Features: Cul-De-Sac
  • Number of Buildings: 4
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: Yes

Garage/Parking

  • Total Parking Spaces: 16.0
  • General Property Info:Total Parking Spaces: 16.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes
  • Unit 3:Garage6: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 1.93
  • Lot Size Area: 1.93
  • Lot Size Sq Ft: 84071.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 88980.0
  • Insurance Expense: 4000.0
  • Maintenance Expense: 3200.0
  • Net Operating Income: 71350.0
  • Number of Units Total: 8
  • Operating Expense: 17630.0

Tax Info

  • Tax Annual Amount: 8000.0
  • Tax Year: 2021

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Autumn Realty Inc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2023 04/19/23 Sold $1,020,000 -15.0% --
01/22/2023 01/22/23 Off Market $1,200,000 -- --
12/28/2022 12/28/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $1,200,000 -- --
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 -- $0 $0 $0
2024 $13,376 $0 $0 $0
2023 $3,417 $516,500 $0 $0
2022 $3,255 $420,800 $0 $0
2021 $12,570 $387,400 $0 $0
2020 $12,433 $367,100 $0 $0
2019 $12,071 $335,400 $0 $0
2018 $2,996 $356,600 $0 $0
2017 $2,935 $274,400 $0 $0
2016 $2,909 $295,900 $0 $0
2015 -- $291,200 $0 $0
2011 -- $268,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Murray

    Seller's Agent in 2023

    Tim Murray

    Coldwell Banker Real Estate Group

    (574) 286-3944

    357 Total Sales

    Tim Murray
    Section Image
  • David Clark

    Buyer's Agent in 2023

    David Clark

    RE/MAX Michigan

    (269) 808-0265

    191 Total Sales

    David Clark
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22030874

Southwestern Michigan Association of REALTORS®

APN: 14-060-020-338-50

Michigan Cass County Edwardsburg 49112

20097 Willow Ln, Edwardsburg, MI

This home is located at 20097 Willow Ln, Edwardsburg, MI 49112 since 21 July 2022 and is currently estimated at $408,000. This property was built in 2002. 20097 Willow Ln is a home located in Cass County with nearby schools including Eagle Lake Elementary School, Edwardsburg Primary School, and Edwardsburg Intermediate 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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