$128,350
SOLD MAR 28, 2019

215 N Jackson St Ionia, MI 48846

-- Bed
-- Bath
3,262 Sq Ft
9,235 Sq Ft Lot

Recently Sold

$39 Per Sq Ft

3% Above List Price

3 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • 3-minute walk to Perry Park

About This Home

As of August 2019

4 unit apartment building in Ionia. Great cash flow with over a 10% Cap rate! Long term tenants. Two stall garage. Full brick exterior. Serious inquiries only.

Last Agent to Sell the Property

Jonathan Dinehart

Live Local Realty License #6502385999 Listed on: 03/08/2019

Last Buyer's Agent

Darin Elliott

Greenridge Realty (Ionia)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,850

Year Built

  • Built in 1888

Lot Details

  • 9,235 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,200
  • Maintenance Expense $726
  • Operating Expense $12,104
  • Gross Income $24,950
  • Net Operating Income $12,846

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,850

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1888
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 124900.0
  • Lot Features: Sidewalk
  • 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, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 9235.0
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 24950.0
  • Insurance Expense: 1200.0
  • Maintenance Expense: 726.0
  • Net Operating Income: 12846.0
  • Number of Units Total: 4
  • Operating Expense: 12104.0

Tax Info

  • Tax Annual Amount: 1850.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2019
Closed on
Aug 26, 2019
Sold by
Hooper Building Llc
Bought by
Dean Barker Properties Llc
Seller's Agent
Darin Elliott
Greenridge Realty (Ionia)
Buyer's Agent
Darin Elliott
Greenridge Realty (Ionia)
List Price
$139,900
Sold Price
$128,500
Premium/Discount to List
-$11,400
-8.15%
Current Estimated Value
$222,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,364
Avg. Annual Appreciation
8.64%

Purchase Details

Closed on
Oct 24, 1995
Bought by
Mcclintock Thomas E and Mcclintock Tracy M
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 Type Sale Price Title Company
Deed $83,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $86,250 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2019 08/26/19 Sold $128,500 -8.1% $39 / Sq Ft
07/30/2019 07/30/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $139,900 +9.0% $43 / Sq Ft
03/28/2019 03/28/19 Sold $128,350 +2.8% $39 / Sq Ft
03/11/2019 03/11/19 Pending -- -- --
03/08/2019 03/08/19 For Sale $124,900 -- $38 / 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 $3,518 $90,300 $12,700 $77,600
2024 $3,348 $90,300 $12,700 $77,600
2023 $3,193 $61,600 $9,400 $52,200
2022 $3,041 $59,700 $8,300 $51,400
2021 $3,103 $48,500 $8,300 $40,200
2020 $2,933 $48,500 $8,300 $40,200
2019 $1,624 $45,700 $6,800 $38,900
2018 $1,850 $38,800 $6,100 $32,700
2017 $1,605 $38,800 $6,100 $32,700
2016 $1,624 $31,000 $5,000 $26,000
2015 -- $31,000 $5,000 $26,000
2014 $2,849 $44,000 $6,200 $37,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19008250

Southwestern Michigan Association of REALTORS®

APN: 203-210-000-035-00