$235,000
SOLD SEP 11, 2023

218 N Baldwin St Whitehall, MI 49461

-- Bed
-- Bath
2,457 Sq Ft
9,900 Sq Ft Lot

Recently Sold

$96 Per Sq Ft

6% Below List Price

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 Agent to Sell the Property

Kathi Gabrielse

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

Coldwell Banker Woodland Schmidt Grand Haven

Last Buyer's Agent

Lisa Wiersma

Five Star Real Estate (Main) License #6506047678

Five Star Real Estate (Main)

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60 x 165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3966.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Crawl Space: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Utilities Attached Cable Connected: Yes
  • 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%
Views
48
Current Estimated Value
$249,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,858
Avg. Annual Appreciation
3.28%
Original Mortgage
$235,000
Outstanding Balance
$226,920
Interest Rate
4%
Mortgage Type
VA
Estimated Equity
$22,938

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
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
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
Warranty Deed $235,000 Chicago Title Of Michigan
Warranty Deed $128,500 Chicago Title Of Mi Inc
Quit Claim Deed -- Attorney
Warranty Deed $82,881 Chicago Title Of Mi Inc
Warranty Deed $53,000 None Available
Quit Claim Deed -- Rei
Sheriffs Deed $99,081 None Available
Warranty Deed -- --
Warranty Deed -- Harbor Title
Sheriffs Deed $99,122 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $235,000 VA
Previous Owner $45,000 New Conventional
Previous Owner $97,600 Fannie Mae Freddie Mac
Previous Owner $89,600 Unknown
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
2025 $5,430 $91,900 $0 $0
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