Seller's Agent in 2023
Kathy Dennison
Lighthouse Property Management
(616) 257-9577
3 in this area
40 Total Sales
2100 5th St Muskegon, MI 49444
Estimated Value: $76,000 - $112,000
--
Bed
1
Bath
702
Sq Ft
$126/Sq Ft
Est. Value
Highlights
- 25 Fireplaces
- Forced Air Heating System
- Wood Siding
About This Home
As of June 2023This is a great value add opportunity. 25 single family homes. All stabilized and 97% occupied. The properties need work, but this can easily be done as units come vacant as part of a long term hold strategy.
This portfolio sold off market and is being reported for use as a comparable.
Last Agent to Sell the Property
Lighthouse Property Management License #6502319881 Listed on: 06/28/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $600
Year Built
- Built in 1920
Lot Details
- 3,398 Sq Ft Lot
- Lot Dimensions are 39x85
Parking
- 50 Parking Spaces
Home Design
- Composition Roof
- Wood Siding
Interior Spaces
- 25 Fireplaces
- Basement
- Crawl Space
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- 25 Buildings
- 25 Units
Listing and Financial Details
- Tenant pays for water, trash collection, sewer, gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 21, 2023
Sold by
Defined Design Llp
Bought by
Muskegon County Land Bank
Current Estimated Value
Purchase Details
Listed on
Jun 28, 2023
Closed on
Jun 28, 2023
Sold by
100 Acre Investments Llc
Bought by
Defined Design Llp
Seller's Agent
Kathy Dennison
Lighthouse Property Management
Buyer's Agent
Trisha Witte
Five Star Real Estate
List Price
$1,146,000
Sold Price
$750,000
Premium/Discount to List
-$396,000
-34.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-62.51%
Purchase Details
Closed on
Sep 21, 2017
Sold by
Exit Strategy November 13 Llc
Bought by
100 Acre Investments Llc
Purchase Details
Closed on
Jan 17, 2014
Sold by
Singleton Joyce M
Bought by
Right Buy Properties Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Muskegon County Land Bank | $430,000 | None Listed On Document | |
| Defined Design Llp | -- | None Listed On Document | |
| 100 Acre Investments Llc | -- | None Available | |
| Right Buy Properties Llc | $418,604 | Rei |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2023 06/28/23 | Sold | $750,000 | -34.6% | $1,068 / Sq Ft |
| 06/28/2023 06/28/23 | For Sale | $1,146,000 | -- | $1,632 / Sq Ft |
| 06/19/2023 06/19/23 | Pending | -- | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | -- | $0 | $0 | $0 |
| 2024 | $785 | $0 | $0 | $0 |
| 2023 | $548 | $12,300 | $0 | $0 |
| 2022 | $748 | $11,700 | $0 | $0 |
| 2021 | $729 | $10,800 | $0 | $0 |
| 2020 | $722 | $9,600 | $0 | $0 |
| 2019 | $708 | $10,600 | $0 | $0 |
| 2018 | $692 | $9,100 | $0 | $0 |
| 2017 | $479 | $7,100 | $0 | $0 |
| 2016 | $323 | $6,600 | $0 | $0 |
| 2015 | -- | $8,000 | $0 | $0 |
| 2014 | -- | $8,600 | $0 | $0 |
| 2013 | -- | $8,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kathy Dennison
-
Linda Sayre
L
Seller Co-Listing Agent in 2023
Linda Sayre
Lighthouse Property Management
(616) 257-9577
3 in this area
15 Total Sales
-
Trisha Witte
T
Buyer's Agent in 2023
Trisha Witte
Five Star Real Estate
(616) 795-9989
2 in this area
31 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 23022561
APN: 26-185-051-0024-10
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