NOT LISTED FOR SALE

207 E Wayne St Dowagiac, MI 49047

Estimated Value: $138,671 - $188,000

4 Beds
2 Baths
1,750 Sq Ft
$96/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $148,000 $85 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,106/month

131 Days on Market

About This Home

As of May 2024

Recently updated Duplex in the city of Dowagiac. Both units have 2 bedrooms and one bath and are currently vacant after rehab. This gives an investor the opportunity to have two high quality tenants at market rate rent over 1800/month in this area. The roof is new along with all electrical updated/rewired. Electrical has two separate meters for utilities.

Last Agent to Sell the Property

Tim Hrynewich

Five Star Real Estate License #6501236975 Listed on: 12/21/2023

Five Star Real Estate

Co-Listed By

Reed Hrynewich

Five Star Real Estate License #6501414798

Last Buyer's Agent

Bailey Bingham

True Michigan Properties License #6501450847

True Michigan Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,500

Year Built

  • Built in 1920

Lot Details

  • 5,827 Sq Ft Lot
  • Lot Dimensions are 66x132

Home Design

  • Vinyl Siding

Basement

  • Partial Basement
  • Laundry in Basement

Parking

  • 4 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,500

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 72.17
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Driveway:Unpaved: Yes
  • Laundry Features In Basement: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: Recently updated Duplex in the city of Dowagiac. Both units have 2 bedrooms and one bath and are currently vacant after rehab. This gives an investor the opportunity to have two high quality tenants at market rate rent over 1800/month in this area. The roof is new along with all electrical updated/rewired. Electrical has two separate meters for utilities.
  • Remarks Misc: Agent Only Remarks: HVAC is currently not in yet. Sellers have bids for different types/plans. Sellers will negotiate on HVAC completion with an offer.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 129900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 66x132
  • Lot Size Sq Ft: 5827.0
  • Zoning Description: RES

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2500.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2023
Closed on
May 15, 2024
Sold by
Abundant Life Homes Llc
Bought by
Shepard Brianna E
Seller's Agent
Tim Hrynewich
Five Star Real Estate
Buyer's Agent
Bailey Bingham
True Michigan Properties
List Price
$149,900
Sold Price
$148,000
Premium/Discount to List
-$1,900
-1.27%
Views
122
Current Estimated Value
$168,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,418
Avg. Annual Appreciation
8.64%

Purchase Details

Listed on
Dec 21, 2023
Closed on
May 14, 2024
Sold by
Snyder Jay David and Snyder Cindy Lee
Bought by
Abundant Life Homes Llc
Seller's Agent
Tim Hrynewich
Five Star Real Estate
Buyer's Agent
Bailey Bingham
True Michigan Properties
List Price
$149,900
Sold Price
$148,000
Premium/Discount to List
-$1,900
-1.27%
Views
122
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shepard Brianna E $148,000 Star Title
Shepard Brianna E $148,000 Star Title
Abundant Life Homes Llc $73,000 Star Title
Abundant Life Homes Llc $73,000 Star Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2024 05/15/24 Sold $148,000 +13.9% $85 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
03/08/2024 03/08/24 Price Changed $129,900 -7.1% $74 / Sq Ft
02/27/2024 02/27/24 Price Changed $139,900 -3.5% $80 / Sq Ft
01/24/2024 01/24/24 Price Changed $144,900 -3.3% $83 / Sq Ft
12/21/2023 12/21/23 For Sale $149,900 -- $86 / Sq Ft
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 $2,691 $66,100 $66,100 $0
2024 $1,693 $60,100 $60,100 $0
2023 $2,499 $54,800 $0 $0
2022 $4,622 $48,100 $0 $0
2021 $1,698 $40,000 $0 $0
2020 $1,692 $37,000 $0 $0
2019 $1,899 $33,300 $0 $0
2018 $755 $31,600 $0 $0
2017 $739 $30,200 $0 $0
2016 $1,080 $29,100 $0 $0
2015 -- $30,800 $0 $0
2011 -- $26,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 23145479

MichRIC

APN: 14-160-300-698-00