NOT LISTED FOR SALE

22252 Red Arrow Hwy Mattawan, MI 49071

Estimated Value: $524,599

-- Bed
4 Baths
-- Sq Ft
0.8 Acres

Last Sold October 01, 2021

Last sale price $430,000

Est. 22% increase in value since last sale

Current estimated payment $2,962/month

19 Days on Market

Highlights

  • Accessible Ramps
  • Halls are 36 inches wide or more
  • Doors are 36 inches wide or more
  • Mattawan Later Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of October 2021

A beautifully maintained 6-unit apartment complex perfectly located in Mattawan; easy access to I-94, Oshtemo business district, and close to village of Mattawan and schools. The units are housed in a 4-plex bi-level (two units are handicap accessible) and a duplex. All apartments are 2-bedroom / one bath units, and rent very easily (currently all occupied - one unit is occupied by seller). The 2nd level 4-plex apartments have dedicated washers / dryers, and garden level 4-plext units share a washer / dryer. Ample parking is available in carports and paved parking lot. Complex also includes a nice 2+ car garage (divided, with 2 doors), a storage shed for lawn equipment/etc., and a common-area gazebo. The grounds are nicely done, and provide great outdoor space for the tenants.

Last Agent to Sell the Property

Scott Parker

Berkshire Hathaway HomeServices Michigan Real Estate License #6501409954 Listed on: 07/14/2021

Berkshire Hathaway HomeServices Michigan Real Estate

Last Buyer's Agent

Carl Phalin

Jaqua, REALTORS License #6506016268

Jaqua, REALTORS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,924

Year Built

  • Built in 1986

Lot Details

  • 0.8 Acre Lot

Parking

  • 18 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors are 36 inches wide or more
  • Accessible Ramps

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Well
  • Septic System

Community Details

  • 2 Buildings
  • 6 Units
  • Woodhenge Estates Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,924

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36 Inch Entrance Doo, 36' or + Hallway, Ramped Entrance
  • Basement: Slab

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 480000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 18.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line, Natural Gas Connected
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 0.8
  • Lot Size Area: 0.8
  • Lot Size Sq Ft: 34848.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 7924.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Oct 1, 2021
Sold by
Parker Sally S and Parker David L
Bought by
Arrow Equity Llc
Seller's Agent
Scott Parker
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Carl Phalin
Jaqua, REALTORS
List Price
$480,000
Sold Price
$430,000
Premium/Discount to List
-$50,000
-10.42%
Current Estimated Value
$524,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,599
Avg. Annual Appreciation
5.03%
Original Mortgage
$341,280
Outstanding Balance
$311,216
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$213,383
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
Arrow Equity Llc $430,000 Dba Title Resource Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Arrow Equity Llc $341,280
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2021 10/01/21 Sold $430,000 -10.4% --
08/02/2021 08/02/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $480,000 -- --
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 $2,140 $236,300 $0 $0
2024 $2,140 $208,900 $0 $0
2023 $2,038 $193,400 $0 $0
2022 $15,559 $286,900 $0 $0
2021 $8,033 $283,500 $17,000 $266,500
2020 $7,925 $290,700 $17,000 $273,700
2019 $7,393 $263,300 $263,300 $0
2018 $7,220 $229,700 $229,700 $0
2017 $6,985 $232,700 $0 $0
2016 $7,034 $232,000 $0 $0
2015 $5,483 $232,000 $0 $0
2014 $5,383 $195,300 $0 $0
2013 -- $184,200 $184,200 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Scott Parker

    Berkshire Hathaway HomeServices Michigan Real Estate

    (269) 639-9998

    1 in this area

    104 Total Sales

    Scott Parker
    Section Image
  • Carl Phalin

    Buyer's Agent in 2021

    Carl Phalin

    Jaqua, REALTORS

    (269) 207-7783

    1 in this area

    63 Total Sales

    Carl Phalin
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21027751

Southwestern Michigan Association of REALTORS®

APN: 80-02-700-043-00

Michigan Van Buren County Mattawan 49071

22252 Red Arrow Hwy, Mattawan, MI

This home is located at 22252 Red Arrow Hwy, Mattawan, MI 49071 since 14 July 2021 and is currently estimated at $524,599. This property was built in 1986. 22252 Red Arrow Hwy is a home located in Van Buren County with nearby schools including Mattawan Early Elementary School, Mattawan Early Childhood Education Center, and Mattawan Later Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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