NOT LISTED FOR SALE

218 E Muskegon Ave Whitehall, MI 49461

Estimated Value: $463,453

Studio
1 Bath
2,320 Sq Ft
$200/Sq Ft Est. Value

Last Sold March 31, 2016

Last sale price $190,000 $82 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $2,821/month

67 Days on Market

About This Home

As of March 2016

This home is located at 218 E Muskegon Ave, Whitehall, MI 49461 since 08 January 2016 and is currently estimated at $463,453, approximately $199 per square foot. This property was built in 1800. 218 E Muskegon Ave is a home located in Muskegon County with nearby schools including Shoreline Elementary School, Ealy Elementary School, and Whitehall Middle School.

Last Agent to Sell the Property

Frank Hollister

Arrowhead Agency License #6502366347 Listed on: 01/08/2016

Last Buyer's Agent

Tim Horton

Wickstra Realty, Inc. License #6501258127

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,800

Year Built

  • Built in 1800

Lot Details

  • 0.3 Acre Lot
  • Flag Lot

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Partial Basement

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 2 Buildings
  • 7 Units

Building Details

  • Insurance Expense $2,800
  • Utility Expense $5,000
  • Operating Expense $12,000
  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,800

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1800
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 82.5x120 irregular
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3800.0
  • General Property Info:Total _pound_ Units: 7
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Hot Water: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Lot Description:Flag Lot: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • List Price: 225000.0
  • Lot Features: Flag Lot
  • Number of Buildings: 2
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Hot Water, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 42000.0
  • Insurance Expense: 2800.0
  • Number of Units Total: 7
  • Operating Expense: 12000.0

Tax Info

  • Tax Annual Amount: 3800.0
  • Tax Year: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2016
Closed on
Mar 30, 2016
Sold by
Cisler Arthur M and Cisler Sylvia F
Bought by
Dailey Properties Llc
Seller's Agent
Frank Hollister
Arrowhead Agency
Buyer's Agent
Tim Horton
Wickstra Realty, Inc.
List Price
$225,000
Sold Price
$190,000
Premium/Discount to List
-$35,000
-15.56%
Current Estimated Value
$463,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,453
Avg. Annual Appreciation
9.36%
Original Mortgage
$100,000
Outstanding Balance
$79,366
Interest Rate
3.65%
Mortgage Type
Commercial
Estimated Equity
$378,704
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
Dailey Properties Llc -- Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dailey Properties Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2016 03/31/16 Sold $190,000 -15.6% $82 / Sq Ft
03/15/2016 03/15/16 Pending -- -- --
01/08/2016 01/08/16 For Sale $225,000 -- $97 / 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 $4,976 $80,500 $0 $0
2024 $2,206 $79,900 $0 $0
2023 $2,140 $77,400 $0 $0
2022 $4,842 $76,100 $0 $0
2021 $4,698 $71,700 $0 $0
2020 $4,712 $71,800 $0 $0
2019 $4,589 $71,800 $0 $0
2018 $4,617 $72,400 $0 $0
2017 $4,561 $71,500 $0 $0
2016 $1,779 $65,000 $0 $0
2015 -- $64,900 $0 $0
2014 -- $66,300 $0 $0
2013 -- $63,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2016

    Frank Hollister

    Arrowhead Agency

  • Tim Horton

    Buyer's Agent in 2016

    Tim Horton

    Wickstra Realty, Inc.

    (231) 861-4445

    138 Total Sales

    Tim Horton
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Map

Source: MichRIC

MLS Number: 16000915

MichRIC

APN: 22-572-046-0008-00

Michigan Muskegon County Whitehall 49461

218 E Muskegon Ave, Whitehall, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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