NOT LISTED FOR SALE

Estimated Value: $232,000 - $444,757

4 Beds
5 Baths
-- Sq Ft
0.32 Acres

Last Sold February 19, 2021

Last sale price $335,000

Est. 5% increase in value since last sale

Current estimated payment $2,157/month

47 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Wood Siding
  • 3-minute walk to West Main Park

About This Home

As of February 2021

Woodwork & pillars add character to this attractive updated duplex in the Stuart Historical District. Located 1 block to K College & 4 blocks to downtown. The main floor unit has 5 bedrooms, 2 baths, laundry, high efficiency furnace w/ central air, large kitchen,dining room & large front entry & front porch. Rents for $2,000. plus heat & electric . The upper unit has 3 bedrooms, newly remodeled kitchen & bath, laundry on third level, forced air high efficiency furnace w/ central air. Garage w/ opener. Rents for $1290. plus heat & electric.

Last Agent to Sell the Property

Rick Zuiderveen

Zuiderveen, REALTORS LLC License #6502350261 Listed on: 10/14/2020

Last Buyer's Agent

Daniel O'Brien

O'Brien Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,857

Year Built

  • Built in 1905

Lot Details

  • 0.32 Acre Lot

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $2,068
  • Maintenance Expense $1,600
  • Manager Expense $2,763
  • Operating Expense $12,857
  • Gross Income $39,480
  • Net Operating Income $26,623

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,857

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 380000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Size Sq Ft: 13939.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 39480.0
  • Insurance Expense: 2068.0
  • Maintenance Expense: 1600.0
  • Manager Expense: 2763.0
  • Net Operating Income: 26623.0
  • Number of Units Total: 2
  • Operating Expense: 12857.0

Tax Info

  • Tax Annual Amount: 3857.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
Feb 19, 2021
Sold by
Spaulding Brian D and Spaulding Bonnie L
Bought by
Reddy Sunderram and Madadi Avanti
Seller's Agent
Rick Zuiderveen
Zuiderveen, REALTORS LLC
Buyer's Agent
Daniel O'Brien
O'Brien Real Estate
List Price
$380,000
Sold Price
$335,000
Premium/Discount to List
-$45,000
-11.84%
Current Estimated Value
$350,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,189
Avg. Annual Appreciation
2.26%
Original Mortgage
$251,250
Outstanding Balance
$226,249
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$143,956

Purchase Details

Closed on
May 20, 2013
Sold by
Spaulding Kurt L and Spaulding Janice
Bought by
Spaulding Kurt L and Spaulding Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,344
Interest Rate
3.38%
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
Reddy Sunderram $335,000 Devon Title Agency
Spaulding Kurt L -- Devon Title Company
Spaulding Kurt L -- Devon Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reddy Sunderram $251,250
Previous Owner Spaulding Kurt L $124,344
Previous Owner Spaulding Brian $137,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2021 02/19/21 Sold $335,000 -11.8% --
11/30/2020 11/30/20 Pending -- -- --
10/14/2020 10/14/20 For Sale $380,000 -- --
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 $2,868 $128,100 $0 $0
2024 $2,868 $113,100 $0 $0
2023 $2,616 $105,800 $0 $0
2022 $6,124 $86,800 $0 $0
2021 $3,959 $79,500 $0 $0
2020 $3,887 $75,600 $0 $0
2019 $3,857 $71,500 $0 $0
2018 $3,775 $68,300 $0 $0
2017 $3,689 $67,700 $0 $0
2016 $3,689 $65,100 $0 $0
2015 $3,689 $57,100 $0 $0
2014 $3,689 $50,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20043356

Southwestern Michigan Association of REALTORS®

APN: 06-16-423-019