NOT LISTED FOR SALE

233 Grove St Allegan, MI 49010

Estimated Value: $236,278 - $278,000

-- Bed
-- Bath
-- Sq Ft
9,583 Sq Ft Lot

Last Sold July 29, 2015

Last sale price $62,500

Est. 307% increase in value since last sale

Current estimated payment $1,656/month

35 Days on Market

Highlights

  • 8 Car Garage
  • Space Heater
  • Level Lot

About This Home

As of July 2015

Excellent income potential with this 5 unit rental a little west of downtown Allegan. There is two buildings, a one car detached garage, storage area, partial basement, shared driveway, and porch for you to live in or continue to rent. The units are all full. The roof on the main house is newer. The main house has 4 of the units and the smaller house is a separate unit. Call today to set up your private showing.

Last Agent to Sell the Property

David Mead

Coldwell Banker Woodland Schmidt License #6502378058 Listed on: 03/23/2015

Coldwell Banker Woodland Schmidt

Last Buyer's Agent

Anthony Rietema

Encompass-Realtors License #6501376286

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 63 x 154
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Shingle Siding

Basement

  • Partial Basement

Parking

  • 8 Car Garage
  • Unpaved Driveway

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Natural Gas
  • Phone Connected

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Insurance Expense $1,252
  • Maintenance Expense $1,430
  • Utility Expense $1,102
  • Operating Expense $12,311
  • Gross Income $22,018
  • Net Operating Income $9,707

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Slab

Exterior Features

  • Construction Materials: Shingle Siding
  • List Price: 69900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Space Heater, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9583.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 22018.0
  • Insurance Expense: 1252.0
  • Maintenance Expense: 1430.0
  • Net Operating Income: 9707.0
  • Number of Units Total: 5
  • Operating Expense: 12311.0

Tax Info

  • Tax Annual Amount: 1823.06
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2019
Sold by
Acacia Global Properties Llc
Bought by
K & R Asset Management Llc
Current Estimated Value
$254,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Outstanding Balance
$217,136
Interest Rate
3.65%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$31,472

Purchase Details

Listed on
Mar 23, 2015
Closed on
Jul 31, 2015
Sold by
The Estate Of Julius Roberts Isaacs and Isaacs Robert
Bought by
Stube Robert and Stube Patricia
Seller's Agent
David Mead
Coldwell Banker Woodland Schmidt
Buyer's Agent
Anthony Rietema
Encompass-Realtors
List Price
$75,000
Sold Price
$62,500
Premium/Discount to List
-$12,500
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.93%

Purchase Details

Listed on
Mar 23, 2015
Closed on
Jul 29, 2015
Sold by
Stube Robert and Stube Patricia
Bought by
Acacia Global Properties Llc
Seller's Agent
David Mead
Coldwell Banker Woodland Schmidt
Buyer's Agent
Anthony Rietema
Encompass-Realtors
List Price
$75,000
Sold Price
$62,500
Premium/Discount to List
-$12,500
-16.67%
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
K & R Asset Management Llc $160,000 Chicago Title Of Mi Inc
Stube Robert $30,000 Chicago Title
Acacia Global Properties Llc $62,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open K & R Asset Management Llc $245,000
Closed K & R Asset Management Llc $75,467
Closed Acacia Global Properties Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2015 07/29/15 Sold $62,500 -16.7% --
04/27/2015 04/27/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $75,000 -- --
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 $2,919 $119,700 $17,300 $102,400
2024 $2,654 $115,900 $16,600 $99,300
2023 $2,742 $98,700 $15,500 $83,200
2022 $2,654 $83,500 $13,100 $70,400
2021 $2,546 $78,300 $10,400 $67,900
2020 $2,510 $64,400 $8,600 $55,800
2019 $2,453 $55,900 $7,600 $48,300
2018 $2,357 $45,800 $7,400 $38,400
2017 $0 $41,900 $6,200 $35,700
2016 $0 $32,300 $5,200 $27,100
2015 -- $32,300 $5,200 $27,100
2014 -- $33,900 $5,200 $28,700
2013 $1,819 $35,600 $5,200 $30,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    David Mead

    Coldwell Banker Woodland Schmidt

    1 in this area

    28 Total Sales

    David Mead
    Section Image

  • A

    Buyer's Agent in 2015

    Anthony Rietema

    Encompass-Realtors

    (616) 403-3760

    5 Total Sales

    Anthony Rietema
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15012097

Southwestern Michigan Association of REALTORS®

APN: 51-180-015-00

Michigan Allegan County Allegan 49010

233 Grove St, Allegan, MI

This home is located at 233 Grove St, Allegan, MI 49010 since 23 March 2015 and is currently estimated at $254,570. This property was built in 1900. 233 Grove St is a home located in Allegan County with nearby schools including West Ward Elementary School, L.E. White Middle School, and Allegan High 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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