NOT LISTED FOR SALE

23155 U S 12 Sturgis, MI 49091

Estimated Value: $164,046

-- Bed
-- Bath
-- Sq Ft
3.2 Acres

Last Sold September 11, 2013

Last sale price $80,000

Est. 105% increase in value since last sale

Current estimated payment $1,108/month

322 Days on Market

About This Home

As of September 2013

Motel conversion to a 7 unit rental property in a convenient country location. Unit #1 has long term renters and is a 1 bdrm house w/full basement and independant kitchen, dinning rm, living rm and office/den area. Unit #2 a very dated efficiency with a 20+ yr renter. Unit #3 - 1 bdrm w/long term tenant. Unit #4 - 1 bdrm w/long term tenant. Unit #5 - 1 bdrm w/tenant. Unit #6&7 - 2 bdrm w/tenant. Unit #8 -1 bdrm w/tenant. All units are currently occupied. Drain Field is approx 4 yrs old w/2 septic tanks 1-1500 gal & 1-2000 gal. 2 boiler heating systems less than 5 yrs old 1-house & 1-apt's. 200 amp electric. 5 inch submersible well. Roof is comp shingle on house and front of apt units & metal roofing on the backside & approx 2-3 yrs old. Exterior and most all units are in reasonably good s

Last Agent to Sell the Property

Todd Krontz

Berkshire Hathaway HomeServices Michigan Real Estate License #6501260165 Listed on: 10/19/2012

Berkshire Hathaway HomeServices Michigan Real Estate

Last Buyer's Agent

Robert Morris

Sun Coast Realty, Inc. License #6502370484

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1945

Lot Details

  • 3.2 Acre Lot

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Stone

Utilities

  • Hot Water Heating System
  • Natural Gas Connected
  • Well
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for gas

Community Details

Overview

  • 3 Buildings

Building Details

  • Insurance Expense $1,800
  • Manager Expense $2,555
  • Operating Expense $14,405
  • Gross Income $24,600
  • Net Operating Income $10,195

Property Details

Home Type

Apartment

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1945
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding, Stone
  • List Price: 89900.0
  • Number of Buildings: 3
  • Road Surface Type: Paved
  • Roof: Composition, Metal
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 3.2
  • Lot Size Area: 3.2
  • Lot Size Sq Ft: 139392.0
  • Zoning Description: Commercial

Rental Info

  • Owner Pays: Gas

Multi Family

  • Gross Income: 24600.0
  • Insurance Expense: 1800.0
  • Manager Expense: 2555.0
  • Net Operating Income: 10195.0
  • Operating Expense: 14405.0

Tax Info

  • Tax Annual Amount: 2553.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2012
Closed on
Sep 11, 2013
Sold by
Ervin & Phyllis Wickey Family Trust
Bought by
B Monrroy Llc
Seller's Agent
Todd Krontz
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Robert Morris
Sun Coast Realty, Inc.
List Price
$95,000
Sold Price
$80,000
Premium/Discount to List
-$15,000
-15.79%
Current Estimated Value
$164,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,046
Avg. Annual Appreciation
6.12%

Purchase Details

Closed on
Sep 7, 2004
Sold by
Wickey Ervin and Wickey Phyllis
Bought by
Wickey Ervin and Wickey Phyllis

Purchase Details

Closed on
Jan 1, 1901
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
B Monrroy Llc $80,000 Ppr Title Agency Llc
Wickey Ervin -- --
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2013 09/11/13 Sold $80,000 -15.8% --
09/06/2013 09/06/13 Pending -- -- --
10/19/2012 10/19/12 For Sale $95,000 -- --
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 $2,820 $89,500 $29,400 $60,100
2024 $619 $80,200 $29,400 $50,800
2023 $590 $63,500 $17,500 $46,000
2022 $0 $59,700 $17,500 $42,200
2021 $2,497 $59,300 $17,500 $41,800
2020 $2,468 $63,300 $18,500 $44,800
2019 $2,422 $59,900 $18,500 $41,400
2018 $2,220 $59,200 $18,500 $40,700
2017 $2,210 $58,800 $58,800 $0
2016 -- $55,100 $55,100 $0
2015 -- $47,300 $0 $0
2014 -- $48,100 $48,100 $0
2012 -- $67,700 $67,700 $0
Source: Public Records

Agents Affiliated with this Home

  • Todd Krontz

    Seller's Agent in 2013

    Todd Krontz

    Berkshire Hathaway HomeServices Michigan Real Estate

    (269) 625-2253

    55 Total Sales

    Todd Krontz
    Section Image

  • R

    Buyer's Agent in 2013

    Robert Morris

    Sun Coast Realty, Inc.

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12056565

Southwestern Michigan Association of REALTORS®

APN: 015-008-020-00

Michigan St. Joseph County Sturgis 49091

23155 U S 12, Sturgis, MI

This home is located at 23155 U S 12, Sturgis, MI 49091 since 19 October 2012 and is currently estimated at $164,046. This property was built in 1945. 23155 U S 12 is a home located in St. Joseph County with nearby schools including Sturgis High School and New Dawn 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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