$185,000
SOLD AUG 11, 2023

201 Monroe St Allegan, MI 49010

-- Bed
-- Bath
3,395 Sq Ft
10,237 Sq Ft Lot

Recently Sold

$54 Per Sq Ft

7% Below List Price

9 Days on Market

Highlights

  • 2 Fireplaces
  • Forced Air Heating System
  • High Speed Internet
  • Corner Lot: Yes
  • 4 Car Garage
  • Wood Siding

About This Home

As of January 2025

Multifamily 3 unit on a corner lot in the city of Allegan. All 3 units are currently rented. Same owner for many years and there has never been a problem keeping it rented. Convenient location, close to shopping, downtown restaurants, schools, M-89, M-222 and M-40 for easy commutes. Great investment opportunity. Allegan Skate Park and Jaycee Park are across the street.

Last Agent to Sell the Property

Ruth Seif

Great Lakes Realty License #6504287420 Listed on: 08/24/2022

Last Buyer's Agent

Ruth Seif

Great Lakes Realty License #6504287420 Listed on: 08/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,756

Year Built

  • Built in 1900

Lot Details

  • 10,237 Sq Ft Lot
  • Lot Dimensions are 79.5x128.7
  • Corner Lot: Yes

Parking

  • 4 Car Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Fireplaces

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,756

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: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Michigan Basement, Walk Out, Full

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 199000.0
  • Lot Features: Corner Lot
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Dimensions: 79.5x128.7
  • Lot Size Sq Ft: 10237.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2755.75
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2024
Closed on
Jan 10, 2025
Sold by
Marquez Juan
Bought by
Brunsting Joshua
Seller's Agent
Bernie Merkle
Coldwell Banker Woodland Schmidt
Buyer's Agent
David Bailey
Dream House West Michigan LLC
List Price
$109,900
Sold Price
$99,000
Premium/Discount to List
-$10,900
-9.92%
Views
80
Current Estimated Value
$163,126

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,126
Avg. Annual Appreciation
208.33%
Original Mortgage
$320,835
Outstanding Balance
$319,734
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
-$157,254

Purchase Details

Closed on
Aug 15, 2024
Sold by
Watts John A and Watts Joyce A
Bought by
Marquez Juan
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $99,000 Chicago Title
Warranty Deed $99,000 Chicago Title
Warranty Deed $180,000 Bell Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $320,835 FHA
Closed $320,835 FHA
Previous Owner $114,573 Stand Alone Refi Refinance Of Original Loan
Previous Owner $120,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2025 01/10/25 Sold $99,000 -9.9% $29 / Sq Ft
10/21/2024 10/21/24 Pending -- -- --
09/24/2024 09/24/24 For Sale $109,900 -40.6% $32 / Sq Ft
08/11/2023 08/11/23 Sold $185,000 -7.0% $54 / Sq Ft
08/24/2022 08/24/22 For Sale $199,000 0.0% $59 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $199,000 -- $59 / 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 $4,609 $105,700 $16,700 $89,000
2024 $2,783 $102,700 $16,000 $86,700
2023 $2,875 $87,800 $15,000 $72,800
2022 $2,783 $74,200 $12,700 $61,500
2021 $2,671 $69,700 $10,000 $59,700
2020 $2,633 $67,600 $8,400 $59,200
2019 $2,572 $58,900 $7,500 $51,400
2018 $2,472 $52,800 $7,300 $45,500
2017 $0 $48,400 $6,100 $42,300
2016 $0 $39,000 $5,100 $33,900
2015 -- $39,000 $5,100 $33,900
2014 -- $40,100 $5,100 $35,000
2013 $2,936 $41,100 $5,100 $36,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22031956

Southwestern Michigan Association of REALTORS®

APN: 51-105-150-00