NOT LISTED FOR SALE

201 N Locust St Unit 203 Wayland, MI 49348

Estimated Value: $346,000 - $430,000

4 Beds
2 Baths
2,482 Sq Ft
$151/Sq Ft Est. Value

Last Sold July 01, 2014

Last sale price $170,000 $68 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $2,573/month

73 Days on Market

About This Home

As of July 2014

Nice opportunity for owner occupant or investment duplex in the city of Wayland. One unit has 3 bedrooms and 1+ Baths, the other 4 bedrooms and 1+ baths. Both basements are plumbed for another bath. Forget about buying a condo, live here and rent out the other side for cheap living.

Last Listed By

Brett Sloan

Weichert REALTORS Plat(Dorr) Listed on: 03/28/2014

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,226

Year Built

  • Built in 2002

Lot Details

  • 0.29

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Natural lighting in basement
  • 0.29 Acre Lot

Listing and Financial Details

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

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $583
  • Operating Expense $4,809
  • Gross Income $22,200
  • Net Operating Income $17,391

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,226

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight

Exterior Features

  • List Price: 179900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Sq Ft: 12632.0
  • Zoning Description: r2

Rental Info

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

Multi Family

  • Gross Income: 22200.0
  • Insurance Expense: 583.0
  • Net Operating Income: 17391.0
  • Number of Units Total: 3
  • Operating Expense: 4809.0

Tax Info

  • Tax Annual Amount: 4226.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2014
Closed on
Jun 30, 2014
Sold by
Green River Properties Llc
Bought by
Winger Jerry L and Winger Karen J
Seller's Agent
Brett Sloan
Weichert REALTORS Plat(Dorr)
Buyer's Agent
Gerald Hampel
Greenridge Realty (Cascade)
List Price
$187,500
Sold Price
$170,000
Premium/Discount to List
-$17,500
-9.33%
Total Days on Market
73
Current Estimated Value
$373,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,628
Avg. Annual Appreciation
7.23%

Purchase Details

Closed on
Apr 28, 2003
Sold by
The Gloria E Low Trust
Bought by
Green River Properties Llc

Purchase Details

Closed on
Nov 3, 1995
Sold by
Low David D and Low Wf
Bought by
Low Gloria E Trust

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 Buyer Sale Price Title Company
Winger Jerry L $169,500 Chicago Title
Green River Properties Llc -- Chicago Title
Low Gloria E Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2014 07/01/14 Sold $170,000 -9.3% $68 / Sq Ft
06/09/2014 06/09/14 Pending -- -- --
03/28/2014 03/28/14 For Sale $187,500 -- $76 / 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
2024 $6,010 $165,300 $9,300 $156,000
2023 $6,010 $156,200 $8,500 $147,700
2022 $6,010 $110,600 $8,500 $102,100
2021 $5,788 $104,800 $7,800 $97,000
2020 $5,788 $108,000 $7,800 $100,200
2019 $0 $106,200 $7,200 $99,000
2018 $0 $89,500 $7,200 $82,300
2017 $0 $91,200 $7,200 $84,000
2016 $0 $83,900 $7,400 $76,500
2015 -- $83,900 $7,400 $76,500
2014 -- $76,600 $7,400 $69,200
2013 -- $73,000 $7,400 $65,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Brett Sloan

    Weichert REALTORS Plat(Dorr)

  • G

    Buyer's Agent in 2014

    Gerald Hampel

    Greenridge Realty (Cascade)

    (616) 299-5496

    20 Total Sales

    Gerald Hampel
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14013674

Southwestern Michigan Association of REALTORS®

APN: 56-250-022-00

Michigan Allegan County Wayland 49348

201 N Locust St Unit 203, Wayland, MI

Homes for Sale in Wayland, MI

This home is located at 201 N Locust St Unit 203, Wayland, MI 49348 since 28 March 2014 and is currently estimated at $373,628, approximately $150 per square foot. This property was built in 2002. 201 N Locust St Unit 203 is a home located in Allegan County with nearby schools including Wayland High School and St. Therese Catholic 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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