NOT LISTED FOR SALE

232 E Glenguile Ave Parchment, MI 49004

Burke Acres Neighborhood

Estimated Value: $662,905

-- Bed
1 Bath
-- Sq Ft
0.45 Acres

Last Sold August 15, 2019

Last sale price $410,000

Est. 62% increase in value since last sale

Current estimated payment $4,384/month

12 Days on Market

About This Home

As of August 2019

All Brick 8 unit in quiet setting. All apartments are 2 Bedroom and 1 bath. 8 stall carport has additional storage attached for each tenant. Basement has Laundry Facilities and storage lockers. The units are all heated by Electric radiant heat systems and each tenant pays their own electric. Owner has renovated 4 of the units since 2014. other units have recent paint and some floor coverings. 4 units have new water heaters in last 2 years.. Very nice units, brick exterior. Easy to rent. Fully occupied with 6 of the units having long term tenants.

Last Agent to Sell the Property

William Evenboer

Evenboer Walton, REALTORS License #6502128196 Listed on: 07/09/2019

Last Buyer's Agent

Jaymi Ratzlaff

J T Henderson & Assoc LLC License #6501343554

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,737

Year Built

  • Built in 1968

Lot Details

  • 0.45 Acre Lot

Parking

  • 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiant Heating System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $4,000
  • Maintenance Expense $5,534
  • Gross Income $39,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,737

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 425000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 12.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Electric, Radiant
  • Heating: Yes
  • Utilities: Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.45
  • Lot Size Area: 0.45
  • Lot Size Sq Ft: 19602.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer

Multi Family

  • Gross Income: 39000.0
  • Insurance Expense: 4000.0
  • Maintenance Expense: 5534.0
  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 8737.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2021
Sold by
Ratzlaff Enterprises Llc
Bought by
Blackbird Rentals Llc
Current Estimated Value
$662,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$244,451
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$418,454

Purchase Details

Closed on
May 1, 2020
Sold by
Ratzlaff Jaymi
Bought by
Ratzilaff Jaymi and Ratzilaff Katlyn

Purchase Details

Listed on
Jul 9, 2019
Closed on
Aug 15, 2019
Sold by
G & K Glenguile Llc
Bought by
Ratzlaff Enterprises Llc
Seller's Agent
William Evenboer
Evenboer Walton, REALTORS
Buyer's Agent
Jaymi Ratzlaff
J T Henderson & Assoc LLC
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.86%

Purchase Details

Listed on
Aug 12, 2014
Closed on
Nov 14, 2014
Sold by
Cretsinger Thomas O
Bought by
G & K Glenguile Llc
Seller's Agent
Tom Cretsinger
CENTURY 21 C. Howard
Buyer's Agent
William Evenboer
Evenboer Walton, REALTORS
List Price
$295,900
Sold Price
$275,000
Premium/Discount to List
-$20,900
-7.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.77%
Original Mortgage
$220,000
Interest Rate
3.97%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Blackbird Rentals Llc $520,000 Chicago Title Company
Ratzilaff Jaymi -- None Available
Ratzlaff Enterprises Llc $408,250 Devon Title Company
G & K Glenguile Llc $275,000 Devon Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blackbird Rentals Llc $270,000
Previous Owner G & K Glenguile Llc $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2019 08/15/19 Sold $410,000 -3.5% --
07/21/2019 07/21/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $425,000 +54.5% --
11/14/2014 11/14/14 Sold $275,000 -7.1% -- View Prior Sale
09/19/2014 09/19/14 Pending -- -- --
08/12/2014 08/12/14 For Sale $295,900 -- --
Source: MichRIC

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 $10,769 $169,900 $0 $0
2024 $7,881 $173,600 $0 $0
2023 $9,510 $154,600 $0 $0
2022 $9,793 $138,100 $0 $0
2021 $8,141 $114,300 $0 $0
2020 $8,263 $116,500 $0 $0
2019 $7,619 $109,700 $0 $0
2018 $8,687 $136,200 $0 $0
2017 -- $136,200 $0 $0
2016 -- $122,124 $0 $0
2015 -- $123,127 $0 $0
2014 -- $117,514 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • William Evenboer

    Seller's Agent in 2019

    William Evenboer

    Evenboer Walton, REALTORS

    (269) 207-1060

    1 in this area

    234 Total Sales

    William Evenboer
    Section Image

  • J

    Buyer's Agent in 2019

    Jaymi Ratzlaff

    J T Henderson & Assoc LLC

    Section Image

  • T

    Seller's Agent in 2014

    Tom Cretsinger

    CENTURY 21 C. Howard

See All Agents

Map

Source: MichRIC

MLS Number: 19031696

MichRIC

APN: 06-02-140-100

Michigan Kalamazoo County Parchment 49004 Burke Acres

232 E Glenguile Ave, Parchment, MI

Not Listed for Sale

MultiFamily

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