NOT LISTED FOR SALE

23 N 5th St Niles, MI 49120

Estimated Value: $191,000 - $260,192

6 Beds
4 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold November 22, 2019

Last sale price $105,000

Est. 105% increase in value since last sale

Current estimated payment $1,420/month

9 Days on Market

About This Home

As of November 2019

BEAUTIFUL 2- UNIT MONEY MAKER!!!
Both units are spacious and wonderful. Large rooms, updated kitchens, separate furnace & water heater for each unit. The main floor unit features 3 large roomy bedrooms & 2 full baths, main floor laundry & a dining room area, plus the Living Room & Kitchen. The upper floor features 2 spacious bedrooms, separate laundry room area, 2 full bathrooms, Kitchen, Living Room & Dining Room area. This location is within walking distance to the Library, Hardings Super Market, the river walk, and downtown shopping & restaurants. Each unit currently rents for $600./month. Tenant pays for his/her utilities. This is a great opportunity to expand your investment portfolio, with this well maintained property. SEE MORE.. 2 Breaker panels on upper floor, 1 breaker box in basement. Main floor unit offers basement access. Each unit is separately metered.
Fridge & Stove in each unit included. These units have been continuously rented for several years. Low vacancy. Furnaces & Water heaters, Roof & other updates performed in 2007.
Make an appointment to see this home. You will see this is a unique opportunity to own this money making property.

Last Agent to Sell the Property

Kenneth Daniel, JR.

Home Zone Realty License #6502357901 Listed on: 09/19/2019

Last Buyer's Agent

Kenneth Daniel, JR.

Home Zone Realty License #6502357901 Listed on: 09/19/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $661

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for water, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$661

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 110000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6970.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 661.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2019
Closed on
Nov 22, 2019
Sold by
Mosier Robert S and Mosier Sandra K
Bought by
Smith Jason E
Seller's Agent
Kenneth Daniel, JR.
Home Zone Realty
Buyer's Agent
Kenneth Daniel, JR.
Home Zone Realty
List Price
$110,000
Sold Price
$105,000
Premium/Discount to List
-$5,000
-4.55%
Current Estimated Value
$215,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,298
Avg. Annual Appreciation
13.63%
Original Mortgage
$78,750
Outstanding Balance
$69,744
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$151,665

Purchase Details

Closed on
Aug 16, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Mosier Robert S and Mosier Sandra K

Purchase Details

Closed on
Oct 26, 2006
Sold by
Schmeling Michael and Schmeling Kelly
Bought by
Deutsche Bank National Trust Co and Morgan Stanley Mortgage Loan Tr 2005-5Ar

Purchase Details

Closed on
May 19, 2005
Sold by
Schmelings Properties Llc
Bought by
Schmeling Michael and Schmeling Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,000
Interest Rate
9.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 6, 1999

Purchase Details

Closed on
Apr 13, 1998

Purchase Details

Closed on
Jul 29, 1985
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
Smith Jason E $105,000 First American Title
Mosier Robert S $31,500 None Available
Deutsche Bank National Trust Co $100,803 None Available
Schmeling Michael -- --
-- $100 --
-- $65,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Jason E $78,750
Closed Smith Jason E $78,750
Previous Owner Mosier Robert S $70,000
Previous Owner Schmeling Michael $94,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2019 11/22/19 Sold $105,000 -4.5% --
09/28/2019 09/28/19 Pending -- -- --
09/19/2019 09/19/19 For Sale $110,000 -- --
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 $3,391 $119,700 $0 $0
2024 $1,747 $107,500 $0 $0
2023 $1,675 $79,100 $0 $0
2022 $1,595 $58,100 $0 $0
2021 $2,943 $54,600 $3,300 $51,300
2020 $2,909 $50,800 $0 $0
2019 $674 $20,300 $8,800 $11,500
2018 $652 $20,300 $0 $0
2017 $646 $19,200 $0 $0
2016 $636 $16,000 $0 $0
2015 $634 $13,800 $0 $0
2014 $295 $11,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19046044

Southwestern Michigan Association of REALTORS®

APN: 11-72-3080-0009-02-9