NOT LISTED FOR SALE

209 E Sycamore St Wayland, MI 49348

Estimated Value: $224,136 - $289,000

4 Beds
2 Baths
1,652 Sq Ft
$156/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $119,900 $73 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $1,692/month

5 Days on Market

About This Home

As of April 2021

Great opportunity for a income property in Wayland. Main floor unit: 2 bedrooms and a bath; rents for $800/month; access to basement with washer and dryer. Upper unit: 2 bedroom and a bath; rents for $700. Gas and electric are on separate meters, but seller pays as of now. Newer vinyl siding and roof. Call with any questions.

Last Agent to Sell the Property

Brett Sloan

JBS Realty Group License #6502413882 Listed on: 03/24/2021

Last Buyer's Agent

Lucas Brower

West Edge Real Estate LLC

West Edge Real Estate LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,175

Year Built

  • Built in 1880

Lot Details

  • 0.26

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 0.26 Acre Lot

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,200
  • Operating Expense $3,840
  • Gross Income $18,000
  • Net Operating Income $14,160

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,175

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 119900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Wall Furnace, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Sq Ft: 11195.0
  • Zoning Description: r2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 18000.0
  • Insurance Expense: 1200.0
  • Net Operating Income: 14160.0
  • Number of Units Total: 2
  • Operating Expense: 3840.0

Tax Info

  • Tax Annual Amount: 2175.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2025
Sold by
Brower David and Brower David J
Bought by
Dcb Properties Llc
Current Estimated Value
$257,034

Purchase Details

Listed on
Mar 24, 2021
Closed on
Apr 19, 2021
Sold by
Frank Ronald E and The Frank Family Trust
Bought by
Brower David
Seller's Agent
Brett Sloan
JBS Realty Group
Buyer's Agent
Lucas Brower
West Edge Real Estate LLC
List Price
$119,900
Sold Price
$119,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.83%
Original Mortgage
$100,000
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 3, 1995
Sold by
Low David D and Low Gloria E
Bought by
Low Gloria E 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
Dcb Properties Llc -- None Listed On Document
Dcb Properties Llc -- None Listed On Document
Brower David $119,900 Chicago Title Of Mi Inc
Low Gloria E Trust -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2021 04/19/21 Sold $119,900 0.0% $73 / Sq Ft
03/29/2021 03/29/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $119,900 -- $73 / 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 $3,952 $87,400 $11,100 $76,300
2024 $3,593 $79,400 $8,900 $70,500
2023 $3,593 $64,200 $9,800 $54,400
2022 $3,593 $56,000 $9,000 $47,000
2021 $2,171 $51,000 $8,600 $42,400
2020 $2,171 $47,900 $8,600 $39,300
2019 $2,067 $46,100 $8,600 $37,500
2018 $2,067 $41,500 $8,600 $32,900
2017 $0 $41,700 $8,600 $33,100
2016 $0 $36,500 $8,900 $27,600
2015 -- $36,500 $8,900 $27,600
2014 -- $33,100 $8,900 $24,200
2013 -- $30,400 $8,900 $21,500
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brett Sloan

    JBS Realty Group

    (616) 291-5062

    17 in this area

    159 Total Sales

    Brett Sloan
    Section Image

  • L

    Buyer's Agent in 2021

    Lucas Brower

    West Edge Real Estate LLC

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21009345

Southwestern Michigan Association of REALTORS®

APN: 56-005-110-00

Michigan Allegan County Wayland 49348

209 E Sycamore St, Wayland, MI

This home is located at 209 E Sycamore St, Wayland, MI 49348 since 24 March 2021 and is currently estimated at $257,034, approximately $155 per square foot. This property was built in 1880. 209 E Sycamore St 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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