NOT LISTED FOR SALE

2138 S State Rd Ionia, MI 48846

Estimated Value: $233,655 - $285,000

-- Bed
2 Baths
1,536 Sq Ft
$170/Sq Ft Est. Value

Last Sold November 10, 2017

Last sale price $164,000 $107 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,683/month

4 Days on Market

Highlights

  • 1 Fireplace
  • 8 Car Garage
  • High Speed Internet
  • Forced Air Heating System
  • Laundry Facilities
  • Doors are 36 inches wide or more

About This Home

As of November 2017

Extremely well kept 2 unit ranch style investment property on nearly ½ acre on M66 in South Ionia. Both units are identical with 2 Beds, 1 full bath, full basement, all kitchen appliances, and 2 car garage for each unit. One garage is brand new due to recent fire. Separate utilities including sewer. Private well. New roof and vinyl siding. This could be a perfect owner occupant opportunity and/or the commercial potential for office, service, retail, etc is limitless. Current rents are at a discount compared to market. Hurry to show!

Last Agent to Sell the Property

Darin Elliott

Greenridge Realty (Ionia) Listed on: 09/30/2017

Last Buyer's Agent

Maria Tornga

Keller Williams Realty Rivertown License #6501399184

Keller Williams Realty Rivertown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,500

Year Built

  • Built in 1968

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 127x150

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 8 Car Garage
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Well
  • High Speed Internet

Additional Features

  • Doors are 36 inches wide or more
  • Mineral Rights Excluded

Listing and Financial Details

  • Tenant pays for electric, trash collection, sewer, gas

Community Details

Recreation

  • Recreational Area

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,500

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1968
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 127x150
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2500.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Mineral Rights:No: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Accessibility Feat 36 Inch Entrance Doo: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36 Inch Entrance Doo
  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • List Price: 164900.0
  • Lot Features: Recreational
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Broadband
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 0.45
  • Lot Size Area: 0.45
  • Lot Dimensions: 127x150
  • Lot Size Sq Ft: 19602.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2500.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2017
Closed on
Nov 10, 2017
Sold by
Reimer Jack L
Bought by
Engman David
Seller's Agent
Darin Elliott
Greenridge Realty (Ionia)
Buyer's Agent
Maria Tornga
Keller Williams Realty Rivertown
List Price
$164,900
Sold Price
$164,000
Premium/Discount to List
-$900
-0.55%
Current Estimated Value
$261,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,414
Avg. Annual Appreciation
6.06%
Original Mortgage
$149,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

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
Engman David $164,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Engman David $149,000
Closed Engman David $149,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2017 11/10/17 Sold $164,000 -0.5% $107 / Sq Ft
10/04/2017 10/04/17 Pending -- -- --
09/30/2017 09/30/17 For Sale $164,900 -- $107 / 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 $3,577 $105,700 $23,600 $82,100
2024 $932 $105,700 $23,600 $82,100
2023 $890 $91,600 $23,600 $68,000
2022 $847 $91,600 $23,600 $68,000
2021 $3,170 $84,200 $21,900 $62,300
2020 $813 $84,200 $21,900 $62,300
2019 $587 $81,400 $20,600 $60,800
2018 $2,918 $70,500 $20,300 $50,200
2017 $592 $70,500 $20,300 $50,200
2016 $587 $64,100 $18,700 $45,400
2015 -- $64,100 $18,700 $45,400
2014 $567 $59,600 $18,700 $40,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17049515

Southwestern Michigan Association of REALTORS®

APN: 010-050-000-115-00