Seller's Agent in 2023
The Frazee Team
Century 21 Affiliated
(269) 985-3049
14 in this area
457 Total Sales
--
Bed
--
Bath
--
Sq Ft
4,356
Sq Ft Lot
About This Home
As of December 2023This 4 unit rental property has a great cash flow and is fully occupied 100% of the time for the past 24 months. Close to downtown Niles stores and festivals. This is a great opportunity for all investors. New furnace with great rental history.
Last Agent to Sell the Property
Cressy & Everett Real Estate License #6501246642 Listed on: 07/12/2016
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1910
Lot Details
- 4,356 Sq Ft Lot
- Lot Dimensions are 68 x 66
Parking
- 4 Parking Spaces
Home Design
- Composition Roof
- Vinyl Siding
Basement
- Michigan Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- The owner pays for water, sewer, gas
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $800
- Maintenance Expense $1,000
- Utility Expense $4,293
- Operating Expense $6,093
- Gross Income $20,400
- Net Operating Income $14,307
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 16, 2023
Closed on
Dec 21, 2023
Sold by
Borges Erik and Hardin Jeffrey
Bought by
Brady Robert and Weston Dante
Seller's Agent
The Frazee Team
Century 21 Affiliated
Buyer's Agent
Patricia Lauten
Coldwell Banker Real Estate Group
List Price
$189,900
Sold Price
$175,500
Premium/Discount to List
-$14,400
-7.58%
Views
36
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,895
Avg. Annual Appreciation
23.25%
Purchase Details
Closed on
Oct 3, 2022
Sold by
Jankoviak Jeremy
Bought by
Borges Erik and Hardin Jeffrey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
5.66%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 28, 2021
Sold by
Ur Home Llc
Bought by
Jankoviak Jeremy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jul 12, 2016
Closed on
Sep 30, 2016
Sold by
Garr Tracy Schumacher
Bought by
Ur Home Llc
Seller's Agent
Robin Sharpe
Cressy & Everett Real Estate
Buyer's Agent
Tonya Teter-Hans
Teter Realty Inc.
List Price
$46,000
Sold Price
$38,000
Premium/Discount to List
-$8,000
-17.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.54%
Original Mortgage
$143,500
Interest Rate
3.43%
Mortgage Type
Unknown
Purchase Details
Listed on
Nov 6, 2013
Closed on
Feb 28, 2014
Sold by
Cossman David and Cossman Patricia
Bought by
Schumacher Marc W
Seller's Agent
Jackie Murdock
IREP ERA Powered
Buyer's Agent
Robin Sharpe
Cressy & Everett Real Estate
List Price
$52,500
Sold Price
$46,000
Premium/Discount to List
-$6,500
-12.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.11%
Purchase Details
Closed on
Jul 20, 1999
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $175,500 | Elevated Title | |
| Warranty Deed | $175,000 | Near North Title Group | |
| Warranty Deed | $120,000 | Near North Title Group | |
| Warranty Deed | $120,000 | Near North Title Group | |
| Personal Reps Deed | $38,000 | Attorney | |
| Warranty Deed | $46,000 | Chicago Title Of Michigan | |
| Deed | $60,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $131,250 | New Conventional | |
| Previous Owner | $90,000 | New Conventional | |
| Previous Owner | $143,500 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/18/2023 12/18/23 | Sold | $175,500 | -7.6% | -- |
| 12/02/2023 12/02/23 | Pending | -- | -- | -- |
| 11/16/2023 11/16/23 | For Sale | $189,900 | +399.7% | -- |
| 09/30/2016 09/30/16 | Sold | $38,000 | -17.4% | -- |
| 08/08/2016 08/08/16 | Pending | -- | -- | -- |
| 07/12/2016 07/12/16 | For Sale | $46,000 | 0.0% | -- |
| 02/28/2014 02/28/14 | Sold | $46,000 | -12.4% | -- |
| 02/21/2014 02/21/14 | Pending | -- | -- | -- |
| 11/06/2013 11/06/13 | For Sale | $52,500 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $4,990 | $97,900 | $0 | $0 |
| 2024 | $2,611 | $87,700 | $0 | $0 |
| 2023 | $2,398 | $80,000 | $0 | $0 |
| 2022 | $1,250 | $41,700 | $0 | $0 |
| 2021 | $2,033 | $38,800 | $3,200 | $35,600 |
| 2020 | $2,010 | $36,200 | $0 | $0 |
| 2019 | $1,982 | $33,800 | $2,100 | $31,700 |
| 2018 | $2,134 | $33,800 | $0 | $0 |
| 2017 | $2,340 | $40,600 | $0 | $0 |
| 2016 | $2,067 | $37,000 | $0 | $0 |
| 2015 | $2,061 | $35,900 | $0 | $0 |
| 2014 | $994 | $33,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
The Frazee Team
-
P
Buyer's Agent in 2023
Patricia Lauten
Coldwell Banker Real Estate Group
-
Robin Sharpe
Seller's Agent in 2016
Robin Sharpe
Cressy & Everett Real Estate
(574) 215-5037
54 Total Sales
-
Tonya Teter-Hans
T
Buyer's Agent in 2016
Tonya Teter-Hans
Teter Realty Inc.
(269) 683-7997
13 Total Sales
-
J
Seller's Agent in 2014
Jackie Murdock
IREP ERA Powered
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 16035457
APN: 11-72-3050-0148-03-5
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