NOT LISTED FOR SALE

231 Bond St Niles, MI 49120

Estimated Value: $168,000 - $256,303

4 Beds
4 Baths
-- Sq Ft
0.25 Acres

Last Sold January 04, 2021

Last sale price $145,000

Est. 46% increase in value since last sale

Current estimated payment $1,620/month

115 Days on Market

About This Home

As of January 2021

4 unit rental within 3 blocks of downtown Niles and close to public boat launch on the St. Joseph River. Plenty of off street parking, appliances and a quiet area to call home. The 2 bedroom rents for $700.00 and the 1 bedroom $650.00.

Last Agent to Sell the Property

Paul Crouch

Cressy & Everett Real Estate License #6506037764 Listed on: 05/26/2020

Cressy & Everett Real Estate

Last Buyer's Agent

Rodger Pendl

EXP Realty License #6501332132

EXP Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,930

Year Built

  • Built in 1920

Lot Details

  • 0.25

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,042
  • Manager Expense $537
  • Gross Income $26,840
  • Net Operating Income $2,717

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,930

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 150000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 26840.0
  • Insurance Expense: 1042.0
  • Manager Expense: 537.0
  • Net Operating Income: 2717.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 1930.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2022
Sold by
Raedeke Joel T
Bought by
Casas South Bend Llc
Current Estimated Value
$211,826

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,425
Outstanding Balance
$97,423
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$115,803

Purchase Details

Closed on
Apr 22, 2022
Sold by
Casas Niles Llc
Bought by
Raedeke Joel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,425
Outstanding Balance
$97,423
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$115,803

Purchase Details

Closed on
Nov 4, 2020
Sold by
Hdt Enterprises Llc
Bought by
Casas Niles Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 1, 2007
Sold by
Mcglothlen Properties Llc
Bought by
Hdt Enterprises Llc

Purchase Details

Closed on
Nov 28, 2006
Sold by
Mcglothlen R Craig and Mcglothlen Linda M
Bought by
Mcglothlen Properties Llc

Purchase Details

Closed on
Dec 19, 1985

Purchase Details

Closed on
Sep 30, 1983
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Casas South Bend Llc -- None Listed On Document
Raedeke Joel T $137,900 --
Casas Niles Llc $145,000 None Available
Hdt Enterprises Llc $112,000 Chicago Title
Mcglothlen Properties Llc -- None Available
-- $55,000 --
-- $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raedeke Joel T $103,425
Previous Owner Casas Niles Llc $108,750
Previous Owner Hdt Enterprises Llc $335,000
Previous Owner Hdt Enterprises Llc $335,000
Previous Owner Hdt Enterprises Llc $72,000
Closed Hdt Enterprises Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/04/2021 01/04/21 Sold $145,000 -3.3% --
09/18/2020 09/18/20 Pending -- -- --
05/26/2020 05/26/20 For Sale $150,000 -- --
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 $5,238 $119,100 $0 $0
2024 $2,745 $110,800 $0 $0
2023 $2,632 $87,800 $0 $0
2022 $2,452 $81,800 $0 $0
2021 $2,000 $76,400 $3,600 $72,800
2020 $1,978 $48,900 $0 $0
2019 $1,950 $43,200 $9,900 $33,300
2018 $1,881 $43,200 $0 $0
2017 $1,861 $38,000 $0 $0
2016 $1,829 $36,000 $0 $0
2015 $1,824 $33,300 $0 $0
2014 $929 $33,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20018388

Southwestern Michigan Association of REALTORS®

APN: 11-73-2700-0022-01-2