NOT LISTED FOR SALE

221 Hanover St Belding, MI 48809

Estimated Value: $228,000 - $265,000

5 Beds
2 Baths
2,074 Sq Ft
$120/Sq Ft Est. Value

Last Sold December 08, 2017

Last sale price $120,000 $58 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $1,564/month

87 Days on Market

Highlights

  • Corner Lot: Yes
  • High Speed Internet
  • Wood Siding
  • Forced Air Heating System

About This Home

As of December 2017

2-Family unit on corner lot, downtown Belding. 2 driveways, separate outside entrances. Established tenants. Tenants pay gas, electric and trash pick-up. Tenants maintain lawn. 2 bedrooms each unit.

Last Agent to Sell the Property

Vanessa Andrus

RE/MAX United (Main) License #6506048508 Listed on: 07/02/2017

RE/MAX United (Main)

Co-Listed By

Wesley Cummings

RE/MAX United (Main) License #6501295026

RE/MAX United (Main)

Last Buyer's Agent

Wesley Cummings

Greenridge Realty (Greenvl)-I

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,074

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement

Parking

  • 2 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,074

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2074.0
  • Tax Info:Zoning3: Res
  • 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
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 115000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2074.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2017
Closed on
Dec 8, 2017
Sold by
Seif and Gail
Bought by
Laisure John
Seller's Agent
Vanessa Andrus
RE/MAX United (Main)
Buyer's Agent
Wesley Cummings
RE/MAX United (Main)
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%
Current Estimated Value
$247,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,981
Avg. Annual Appreciation
8.66%
Original Mortgage
$120,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 1997
Bought by
Seif Ron and Seif Gail
Source: Public Records

Range of Values:

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Average Value
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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
Laisure John $120,000 --
Seif Ron $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Laisure John $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2017 12/08/17 Sold $120,000 -7.7% $58 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
07/02/2017 07/02/17 For Sale $130,000 -- $63 / 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 $2,559 $111,500 $12,300 $99,200
2024 $2,397 $111,500 $12,300 $99,200
2023 $2,300 $81,700 $11,300 $70,400
2022 $2,191 $81,700 $11,300 $70,400
2021 $2,274 $69,300 $7,300 $62,000
2020 $2,123 $69,300 $7,300 $62,000
2019 $2,025 $63,700 $7,000 $56,700
2018 $2,219 $45,400 $8,000 $37,400
2017 $2,043 $45,400 $8,000 $37,400
2016 $2,025 $42,600 $5,000 $37,600
2015 -- $42,600 $5,000 $37,600
2014 $2,013 $38,300 $4,800 $33,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17032457

Southwestern Michigan Association of REALTORS®

APN: 403-180-000-455-00