NOT LISTED FOR SALE

218 N Baldwin St Whitehall, MI 49461

Estimated Value: $236,000 - $286,000

-- Bed
4 Baths
2,457 Sq Ft
$104/Sq Ft Est. Value

Last Sold September 11, 2023

Last sale price $235,000 $96 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,623/month

20 Days on Market

About This Home

As of September 2023

Wonderful investment opportunity with this 4-Unit (2 upper, 2 lower) residential property on a quiet, large lot near downtown Whitehall. Great tenants and easy cash flow make this a turn key real estate investment for either owner occupied or investor. Recent improvements include all new windows throughout, upgraded electrical (200 AMP) with GFCI outlets throughout, and a stabilized and reinforced foundation. Convenient location near White Lake, bike path, downtown shopping & restaurants, and lots of marinas and parks nearby.

Last Listed By

Kathi Gabrielse

Coldwell Banker Woodland Schmidt Grand Haven License #6506041848 Listed on: 06/15/2023

Coldwell Banker Woodland Schmidt Grand Haven

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,966

Year Built

  • Built in 1860

Lot Details

  • 9,900 Sq Ft Lot
  • Lot Dimensions are 60 x 165

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Interior Spaces

  • 1 Fireplace
  • Crawl Space

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,871
  • Utility Expense $4,850
  • Operating Expense $6,721
  • Gross Income $36,000
  • Net Operating Income $29,279

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,966

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1860
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Other
  • List Price: 249900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Dimensions: 60 x 165
  • Lot Size Sq Ft: 9900.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Gross Income: 36000.0
  • Insurance Expense: 1871.0
  • Net Operating Income: 29279.0
  • Number of Units Total: 4
  • Operating Expense: 6721.0

Tax Info

  • Tax Annual Amount: 3966.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2023
Closed on
Aug 29, 2023
Sold by
Bennett Phillip and Bennett Amy
Bought by
Astigarraga Christian
Seller's Agent
Kathi Gabrielse
Coldwell Banker Woodland Schmidt Grand Haven
Buyer's Agent
Lisa Wiersma
Five Star Real Estate (Main)
List Price
$249,900
Sold Price
$235,000
Premium/Discount to List
-$14,900
-5.96%
Total Days on Market
20
Views
48
Current Estimated Value
$256,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,372
Avg. Annual Appreciation
5.42%
Original Mortgage
$235,000
Outstanding Balance
$229,088
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$27,284

Purchase Details

Listed on
Dec 10, 2019
Closed on
Jan 20, 2020
Sold by
27 Homes Llc
Bought by
Bennett Phillip and Bennett Amy
Seller's Agent
Leo Langlois
Greenridge Realty Muskegon
Buyer's Agent
Kathi Gabrielse
Coldwell Banker Woodland Schmidt Grand Haven
List Price
$129,900
Sold Price
$128,500
Premium/Discount to List
-$1,400
-1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.04%

Purchase Details

Listed on
Aug 25, 2016
Closed on
Nov 30, 2016
Sold by
Buit Chad and Buit Melissa
Bought by
27 Homes Llc
Seller's Agent
Chris Dykema
Greenridge Realty White Lake
Buyer's Agent
Leo Langlois
Greenridge Realty Muskegon
List Price
$109,900
Sold Price
$82,881
Premium/Discount to List
-$27,019
-24.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.89%

Purchase Details

Listed on
Aug 25, 2016
Closed on
Nov 21, 2016
Sold by
Kroll Richard Lex
Bought by
Buit Chad
Seller's Agent
Chris Dykema
Greenridge Realty White Lake
Buyer's Agent
Leo Langlois
Greenridge Realty Muskegon
List Price
$109,900
Sold Price
$82,881
Premium/Discount to List
-$27,019
-24.59%

Purchase Details

Closed on
Dec 31, 2013
Sold by
Michigan Commerce Bank
Bought by
Kroll Richard Lex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2010
Sold by
Federal National Mortgage Association
Bought by
Paragon Bank and Don Dykema Ira

Purchase Details

Closed on
May 15, 2009
Sold by
Fifth Third Mortgage Company
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 1, 2005
Sold by
Stanhope Daniel G and Stanhope Sharlene J
Bought by
Sharlene J Stanhope Llc

Purchase Details

Closed on
Feb 19, 2004
Sold by
Kroll Richard Lex
Bought by
Stanhope Daniel G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
5.37%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 22, 2003
Sold by
Kroll Richard L
Bought by
Country Wide Home Loans Inc

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 Buyer Sale Price Title Company
Astigarraga Christian $235,000 Chicago Title Of Michigan
Bennett Phillip $128,500 Chicago Title Of Mi Inc
27 Homes Llc -- Attorney
Buit Chad $82,881 Chicago Title Of Mi Inc
Kroll Richard Lex $53,000 None Available
Federal National Mortgage Association -- Rei
Fifth Third Mortgage Company $99,081 None Available
Sharlene J Stanhope Llc -- --
Stanhope Daniel G -- Harbor Title
Country Wide Home Loans Inc $99,122 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Astigarraga Christian $235,000
Previous Owner Kroll Richard Lex $45,000
Previous Owner Stanhope Daniel G $97,600
Previous Owner Stanhope Daniel G $89,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2023 09/11/23 Sold $235,000 -6.0% $96 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
06/15/2023 06/15/23 For Sale $249,900 +94.5% $102 / Sq Ft
01/20/2020 01/20/20 Sold $128,500 -1.1% $52 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
12/10/2019 12/10/19 For Sale $129,900 +56.7% $53 / Sq Ft
11/21/2016 11/21/16 Sold $82,881 -24.6% $34 / Sq Ft
10/17/2016 10/17/16 Pending -- -- --
08/25/2016 08/25/16 For Sale $109,900 -- $45 / 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
2024 $2,407 $87,200 $0 $0
2023 $1,758 $75,700 $0 $0
2022 $3,957 $65,200 $0 $0
2021 $3,839 $58,600 $0 $0
2020 $2,818 $47,600 $0 $0
2019 $2,693 $46,200 $0 $0
2018 $2,624 $41,400 $0 $0
2017 $2,571 $40,300 $0 $0
2016 $947 $37,500 $0 $0
2015 -- $35,100 $0 $0
2014 -- $35,600 $0 $0
2013 -- $32,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23020556

Southwestern Michigan Association of REALTORS®

APN: 22-220-005-0010-00