NOT LISTED FOR SALE

215 N Main St Wayland, MI 49348

Estimated Value: $184,000 - $312,000

3 Beds
2 Baths
2,600 Sq Ft
$95/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $125,000 $48 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $1,636/month

21 Days on Market

About This Home

As of September 2021

Great opportunity for a 2 unit in Wayland with an upstairs unfinished area. Front unit is 2 bedroom and rents for $850, Back unit is a 1 bedroom and rents for $525. The upstairs attic area can be accessed thru the front unit and converted to make a 3-4 bedroom unit. There is a laundry area as well. New roof 2021.

Last Agent to Sell the Property

Brett Sloan

JBS Realty Group License #6502413882 Listed on: 07/20/2021

Last Buyer's Agent

Brett Sloan

Charter Properties (Dorr) - I

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,170

Year Built

  • Built in 1875

Lot Details

  • 0.3

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 0.3 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,170

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 150000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 12937.0
  • Zoning Description: CBD
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2170.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2021
Closed on
Sep 24, 2021
Sold by
Frank Ronald E and Frank Family Trust
Bought by
Sallie Michael and Sallie Elizabeth
Seller's Agent
Brett Sloan
JBS Realty Group
Buyer's Agent
Brett Sloan
JBS Realty Group
List Price
$150,000
Sold Price
$125,000
Premium/Discount to List
-$25,000
-16.67%
Current Estimated Value
$245,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,727
Avg. Annual Appreciation
17.64%
Original Mortgage
$118,750
Outstanding Balance
$108,289
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$137,438

Purchase Details

Closed on
Jul 17, 2006
Sold by
Frank Ronald E and Frank Evelyn R
Bought by
Frank Ronald E and Frank Evelyn R

Purchase Details

Closed on
Aug 23, 2001
Sold by
Frank Ronald E and Frank Evelyn
Bought by
Raab Steven A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sallie Michael $125,000 Chicago Title Of Mi Inc
Frank Ronald E -- None Available
Raab Steven A -- Devon Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sallie Michael $118,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2021 09/24/21 Sold $125,000 -16.7% $48 / Sq Ft
08/10/2021 08/10/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $150,000 -- $58 / Sq Ft
Source: MichRIC

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 $4,096 $99,300 $14,400 $84,900
2024 $3,874 $89,800 $11,500 $78,300
2023 $3,874 $63,900 $10,400 $53,500
2022 $3,874 $58,100 $9,900 $48,200
2021 $2,168 $53,700 $9,500 $44,200
2020 $2,168 $51,300 $9,500 $41,800
2019 $0 $49,800 $9,100 $40,700
2018 $0 $44,500 $9,100 $35,400
2017 $0 $45,200 $9,100 $36,100
2016 $0 $37,800 $7,800 $30,000
2015 -- $37,800 $7,800 $30,000
2014 -- $34,100 $7,800 $26,300
2013 -- $30,500 $7,800 $22,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Brett Sloan

    JBS Realty Group

    (616) 291-5062

    16 in this area

    156 Total Sales

    Brett Sloan
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Map

Source: MichRIC

MLS Number: 21064975

MichRIC

APN: 56-400-023-00

Michigan Allegan County Wayland 49348

215 N Main St, Wayland, MI

Not Listed for Sale

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MichRIC Information is deemed reliable but not guaranteed.
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