NOT LISTED FOR SALE

202 N Main St Unit 206 Wayland, MI 49348

Estimated Value: $276,000 - $301,153

2 Beds
1 Bath
-- Sq Ft
0.43 Acres

Last Sold May 31, 2019

Last sale price $150,000

Est. 90% increase in value since last sale

Current estimated payment $2,019/month

49 Days on Market

About This Home

As of May 2019

Hard to find 4 unit with great cash flow in Wayland City. Gross rent is $2630/month with another $20-30/week in laundry income. Separate utilities, owner pays water and sewer and electric in 1 unit. Wayland City is a very desirable area with a shortage on rental properties.

Last Agent to Sell the Property

Brett Sloan

JBS Realty Group License #6502413882 Listed on: 02/05/2019

Last Buyer's Agent

Jason Titus

Independence Realty (Main) License #6501369363

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1920

Lot Details

  • 0.43

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Rubber Roof
  • Wood Siding
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Crawl Space
  • 0.43 Acre Lot

Listing and Financial Details

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

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,520
  • Gross Income $31,560

Property Details

Home Type

Apartment

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding
  • List Price: 169900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Wall Furnace, Radiant, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.43
  • Lot Size Area: 0.43
  • Lot Size Sq Ft: 18522.0
  • Zoning Description: CBD
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 31560.0
  • Insurance Expense: 1520.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4750.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2021
Sold by
Frair Kyle M and Kutsche Aaron
Bought by
Kyron Homes Llc
Current Estimated Value
$285,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2021
Sold by
Titus Jason A
Bought by
Friar Kyle M and Kutsche Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2019
Closed on
May 31, 2019
Sold by
Big Oak Property Investors Llc
Bought by
Titus Jason A
Seller's Agent
Brett Sloan
JBS Realty Group
Buyer's Agent
Jason Titus
Independence Realty (Main)
List Price
$169,900
Sold Price
$150,000
Premium/Discount to List
-$19,900
-11.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.42%
Original Mortgage
$112,500
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2014
Sold by
Meza Properties Llc
Bought by
Big Oak Property Investors Llc

Purchase Details

Closed on
Nov 3, 2005
Sold by
Dejong Darrell L and Dejong Julie L
Bought by
Meza Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2002
Sold by
Conklin John and Conklin Tina R
Bought by
Dejong Darrell L and Dejong Julie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,160
Interest Rate
6.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2000
Sold by
Vanputten Gerald and Vanputten Marjorie
Bought by
Conklin John

Purchase Details

Closed on
Jan 19, 1999
Sold by
Peters John and Peters Lois
Bought by
Vanputten Gerald and Vanputten Marjorie

Purchase Details

Closed on
Apr 23, 1997
Sold by
Wabeke Elvin W and Wabeke Ruth I
Bought by
Wabeke Elvin & Ruth 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
Kyron Homes Llc -- None Available
Friar Kyle M $190,000 None Available
Titus Jason A $150,000 Chicago Title Of Michigan
Big Oak Property Investors Llc -- None Available
Meza Properties Llc $163,000 Michigan Bankers Title
Dejong Darrell L $149,200 --
Conklin John $108,000 --
Vanputten Gerald $85,000 --
Peters John $20,000 --
Peters John $20,000 --
Wabeke Elvin & Ruth Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Friar Kyle M $133,000
Previous Owner Titus Jason A $112,500
Previous Owner Meza Properties Llc $148,000
Previous Owner Dejong Darrell L $120,160
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2019 05/31/19 Sold $150,000 -11.7% --
03/26/2019 03/26/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $169,900 -- --
Source: MichRIC

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 $6,192 $103,200 $7,100 $96,100
2024 $5,713 $103,900 $7,000 $96,900
2023 $5,713 $93,000 $9,500 $83,500
2022 $5,713 $90,000 $8,400 $81,600
2021 $5,357 $85,300 $8,400 $76,900
2020 $5,357 $85,600 $8,400 $77,200
2019 $0 $86,100 $8,400 $77,700
2018 $0 $75,900 $8,400 $67,500
2017 $0 $79,000 $8,400 $70,600
2016 $0 $78,200 $8,400 $69,800
2015 -- $78,200 $8,400 $69,800
2014 -- $80,700 $12,000 $68,700
2013 -- $74,600 $12,000 $62,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brett Sloan

    JBS Realty Group

    (616) 291-5062

    16 in this area

    155 Total Sales

    Brett Sloan
    Section Image
  • Jason Titus

    Buyer's Agent in 2019

    Jason Titus

    Independence Realty (Main)

    (616) 901-0771

    2 in this area

    190 Total Sales

    Jason Titus
    Section Image
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Map

Source: MichRIC

MLS Number: 19004234

MichRIC

APN: 56-150-026-00

Michigan Allegan County Wayland 49348

202 N Main St Unit 206, Wayland, MI

Not Listed for Sale

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