NOT LISTED FOR SALE

2325 Clyde Park Ave SW Wyoming, MI 49509

Urbandale Neighborhood

Estimated Value: $347,000 - $423,000

-- Bed
3 Baths
-- Sq Ft
6,500 Sq Ft Lot

Last Sold May 17, 2022

Last sale price $340,000

Est. 16% increase in value since last sale

Current estimated payment $2,776/month

8 Days on Market

About This Home

As of May 2022

Great investment opportunity with great cash flow on this 3 unit investment property in Wyoming! Rents total $3515/mo. Updated units are all occupied with leases through most of 2022. Electric is split for all three units. Gas is split into two meters with two units sharing one meter and one separate. The property includes a new roof and other updates throughout. Showings will be held during open house times only. Buyer to verify all information. Open house to be held Sunday, 3/13 from 1pm-3pm and Wednesday, 3/16, from 4pm- 6pm. Seller request all offers be submitted by Thursday 3/17/22 by 3pm.

Last Agent to Sell the Property

Gabrielle Kik

United Realty Services LLC License #6501433049 Listed on: 03/09/2022

Last Buyer's Agent

Ruoyu Bai

Keller Williams GR East License #6501438562

Keller Williams GR East

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,886

Year Built

  • Built in 1938

Lot Details

  • 6,500

Parking

  • 7 Parking Spaces

Home Design

  • Composition Roof
  • Stucco

Utilities

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

Additional Features

  • Michigan Basement
  • 6,500 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,886

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Stucco
  • List Price: 325000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 7.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6500.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 4886.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
May 17, 2022
Sold by
Grb Properties Llc
Bought by
Bai Real Estate Llc
Seller's Agent
Gabrielle Kik
United Realty Services LLC
Buyer's Agent
Ruoyu Bai
Keller Williams GR East
List Price
$325,000
Sold Price
$340,000
Premium/Discount to List
$15,000
4.62%
Current Estimated Value
$392,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,739
Avg. Annual Appreciation
4.31%
Original Mortgage
$272,000
Outstanding Balance
$257,807
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$134,932

Purchase Details

Closed on
Sep 22, 2017
Sold by
Luella J Chase Living Trust
Bought by
Grb Properties Llc

Purchase Details

Closed on
Feb 20, 2006
Sold by
Chase Luella J and Chase Max E
Bought by
Luella J Chase Living Trust

Purchase Details

Closed on
Apr 27, 1984
Source: Public Records

Range of Values:

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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
Bai Real Estate Llc $340,000 None Listed On Document
Grb Properties Llc -- None Listed On Document
Grb Properties Llc $71,500 None Available
Luella J Chase Living Trust -- None Available
-- $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grb Properties Llc $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2022 05/17/22 Sold $340,000 +4.6% --
03/17/2022 03/17/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $325,000 -- --
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 $8,322 $182,700 $0 $0
2024 $8,322 $157,800 $0 $0
2023 $7,954 $140,500 $0 $0
2022 $4,743 $132,000 $0 $0
2021 $4,619 $110,400 $0 $0
2020 $4,320 $89,900 $0 $0
2019 $4,468 $91,100 $0 $0
2018 $4,533 $74,400 $0 $0
2017 $3,069 $58,500 $0 $0
2016 $3,539 $54,500 $0 $0
2015 $4,126 $54,500 $0 $0
2013 -- $49,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gabrielle Kik

    United Realty Services LLC

    Section Image

  • R

    Buyer's Agent in 2022

    Ruoyu Bai

    Keller Williams GR East

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22007299

Southwestern Michigan Association of REALTORS®

APN: 41-17-11-278-021

Michigan Kent County Wyoming 49503 Urbandale

2325 Clyde Park Ave SW, Wyoming, MI

This home is located at 2325 Clyde Park Ave SW, Wyoming, MI 49509 since 09 March 2022 and is currently estimated at $392,739. This property was built in 1938. 2325 Clyde Park Ave SW is a home located in Kent County with nearby schools including Oriole Park Elementary School, Wyoming Intermediate School, and Parkview Elementary 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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