NOT LISTED FOR SALE

2323 W Osterhout Ave Portage, MI 49024

Estimated Value: $362,970 - $537,000

-- Bed
-- Bath
-- Sq Ft
0.9 Acres

Last Sold December 30, 2020

Last sale price $540,000

Est. 15% decrease in value since last sale

Current estimated payment $3,053/month

6 Days on Market

Highlights

  • 0.9 Acre Lot
  • Moorsbridge Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of December 2020

Amazing investment opportunity in highly desirable South Portage location! 8 Units - 900 square feet each. 2 bedrooms, 1 bath, with laundry in the apartments. 2 buildings with 6 garage spaces provide extra income. 2 buildings, each with separate parcel ID, 4 Units each provide extra financing options. 8 units with identical floor plans, except 2nd floor units have cathedral ceilings. Great Apartments, all currently rented providing great revenue.

Last Agent to Sell the Property

Charlie Bradford

Chuck Jaqua, REALTOR License #6501383003 Listed on: 10/28/2020

Chuck Jaqua, REALTOR

Last Buyer's Agent

Patrick O'Brien

O'Brien Real Estate License #6502102326

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $9,395

Year Built

  • Built in 1990

Lot Details

  • 0.9 Acre Lot

Parking

  • 20 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Buildings
  • 8 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

Property Details

Home Type

Apartment

Est. Annual Taxes

$9,395

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • List Price: 615000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 20.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.9
  • Lot Size Area: 0.9
  • Lot Size Sq Ft: 39204.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 9395.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Dec 29, 2020
Sold by
Balczo David and Daugharty Maire
Bought by
Gardian 2020 Llc
Seller's Agent
Charlie Bradford
Chuck Jaqua, REALTOR
Buyer's Agent
Patrick O'Brien
O'Brien Real Estate
List Price
$615,000
Sold Price
$540,000
Premium/Discount to List
-$75,000
-12.2%
Current Estimated Value
$458,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$81,757
Avg. Annual Appreciation
-3.28%

Purchase Details

Closed on
Jun 19, 2007
Sold by
Daudert Richard L and Daudert Kathleen D
Bought by
Balezo David and Daugharty Maire
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gardian 2020 Llc $540,000 Devon Title Agency
Balezo David $230,000 First American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2020 12/30/20 Sold $540,000 -12.2% --
11/03/2020 11/03/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $615,000 -- --
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 $7,696 $119,200 $0 $0
2024 $7,034 $121,900 $0 $0
2023 $7,165 $124,100 $0 $0
2022 $7,629 $135,000 $0 $0
2021 $7,376 $117,000 $0 $0
2020 $4,893 $130,000 $0 $0
2019 $316 $125,300 $0 $0
2018 $0 $108,900 $0 $0
2017 $0 $103,600 $0 $0
2016 -- $78,100 $0 $0
2015 -- $72,400 $0 $0
2014 -- $72,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Charlie Bradford

    Seller's Agent in 2020

    Charlie Bradford

    Chuck Jaqua, REALTOR

    (269) 760-5456

    28 in this area

    110 Total Sales

    Charlie Bradford
    Section Image
  • Patrick O'Brien

    Buyer's Agent in 2020

    Patrick O'Brien

    O'Brien Real Estate

    (269) 207-7446

    44 in this area

    288 Total Sales

    Patrick O'Brien
    Section Image
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Map

Source: MichRIC

MLS Number: 20039175

MichRIC

APN: 10-00032-585-O

Michigan Kalamazoo County Portage 49024

2323 W Osterhout Ave, Portage, MI

Not Listed for Sale

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