NOT LISTED FOR SALE

220 Knapp St Allegan, MI 49010

Estimated Value: $178,000 - $201,834

-- Bed
2 Baths
1,245 Sq Ft
$151/Sq Ft Est. Value

Last Sold July 28, 2016

Last sale price $67,000 $54 Per Sq Ft

Est. 181% increase in value since last sale

Current estimated payment $1,175/month

44 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • Level Lot

About This Home

As of July 2016

INVESTMENT PROPERTY MADE AVAILABLE ....LOCATED IN THE CITY OF ALLEGAN AND APPROVED WITH THE CITY OF ALLEGAN 2 UNIT DOWNSTAIRS 2 BEDROOM UPSTAIRS 1 BEDROOM DOWN AS SECOND BEDROOM DOWN MADE INTO A LAUNDRY AREA. PROPERTY OWNER HAS MAINTAINED AND CARED FOR UNITS VERY WELL.

Last Agent to Sell the Property

Susan Maurer

Maurer Real Estate LLC Listed on: 05/25/2016

Last Buyer's Agent

Dana Engelking

Maurer Real Estate LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 77x 165
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Michigan Basement

Parking

  • 4 Parking Spaces
  • Unpaved Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Phone Connected

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $692
  • Operating Expense $5,880
  • Gross Income $12,300
  • Net Operating Income $6,420

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1950
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 77x 165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1796.9
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • List Price: 77500.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

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

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Sq Ft: 12632.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 12300.0
  • Insurance Expense: 692.06
  • Net Operating Income: 6419.58
  • Number of Units Total: 2
  • Operating Expense: 5880.42

Tax Info

  • Tax Annual Amount: 1796.9
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2019
Sold by
Miner Aaron and Miner Jill
Bought by
Hosteter Joseph R
Current Estimated Value
$187,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,250
Outstanding Balance
$63,061
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$111,778

Purchase Details

Listed on
May 25, 2016
Closed on
Jul 28, 2016
Sold by
Sebright James Earl
Bought by
Miner Aaron and Miner Jill
Seller's Agent
Susan Maurer
Maurer Real Estate LLC
Buyer's Agent
Dana Engelking
Maurer Real Estate LLC
List Price
$77,500
Sold Price
$67,000
Premium/Discount to List
-$10,500
-13.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.06%
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 Buyer Sale Price Title Company
Hosteter Joseph R $95,000 Chicago Title Of Mi Inc
Miner Aaron $67,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hosteter Joseph R $71,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2016 07/28/16 Sold $67,000 -13.5% $54 / Sq Ft
07/08/2016 07/08/16 Pending -- -- --
05/25/2016 05/25/16 For Sale $77,500 -- $62 / 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 $2,073 $72,300 $10,800 $61,500
2024 $2,648 $63,000 $9,400 $53,600
2023 $2,735 $54,900 $8,900 $46,000
2022 $2,648 $48,800 $7,500 $41,300
2021 $2,541 $45,900 $5,200 $40,700
2020 $2,505 $40,000 $4,800 $35,200
2019 $2,033 $37,900 $4,800 $33,100
2018 $1,954 $32,900 $4,600 $28,300
2017 $0 $31,200 $3,900 $27,300
2016 $0 $27,700 $5,800 $21,900
2015 -- $27,700 $5,800 $21,900
2014 -- $29,300 $5,800 $23,500
2013 $2,093 $32,100 $5,800 $26,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16025533

Southwestern Michigan Association of REALTORS®

APN: 51-300-069-00