NOT LISTED FOR SALE

2340 Banner Dr SW Wyoming, MI 49509

Urbandale Neighborhood

Estimated Value: $499,000 - $713,144

8 Beds
4 Baths
-- Sq Ft
1.34 Acres

Last Sold December 12, 2024

Last sale price $2,600,000

Current estimated payment $3,446/month

13 Days on Market

Highlights

  • 1.34 Acre Lot
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Facilities
  • 5 Fireplaces
  • Hot Water Heating System

About This Home

As of December 2024

Showings start 9-25 and all offers to be reviewed after 2pm on 9-30. Amazing totally turnkey 20 unit in quiet Wyoming setting. All Cap X is done - newer roofs, boilers, windows, parking lot and more. Most units remodeled. Tenants pay electric. Waitlist for units. There are nineteen - 2 bedroom/1 bath and one - 1 bedroom/1 bath. On-site laundry facilities. Monthly rent of over $24,000. There are 5 separately parceled 4 units around a central parking lot.

Last Agent to Sell the Property

Allison Koetsier

Compass Realty Services License #6502378425 Listed on: 09/17/2024

Compass Realty Services

Last Buyer's Agent

Eric Knoll

Five Star Real Estate (Grandv)

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,348

Year Built

  • Built in 1978

Lot Details

  • 1.34

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Aluminum Siding

Parking

  • 44 Parking Spaces
  • Carport
  • Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • 5 Fireplaces
  • Stepless Entry
  • 1.34 Acre Lot

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for trash collection, water, sewer, gas

Community Details

Overview

  • 5 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,348

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1978
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: Irregular
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 27348.0
  • Tax Info:Zoning3: 4 unit apts
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 20
  • General Property Info:Total _pound_ Bldgs: 5.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Slab: Yes
  • Accessibility Feat:No Step Entrance: Yes
  • Extras:Laundry Facility: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: No Step Entrance
  • Fireplaces: 5
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 2800000.0
  • Number of Buildings: 5
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 44.0
  • General Property Info:Total Parking Spaces: 44.0
  • Extras:Carports: Yes

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Connected

Lot Info

  • Lot Size Acres: 1.34
  • Lot Size Area: 1.34
  • Lot Dimensions: Irregular
  • Lot Size Sq Ft: 58370.0
  • Zoning Description: 4 unit apts
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer, Gas
  • Tenant Pays: Electric

Multi Family

  • Number of Units Total: 20

Tax Info

  • Tax Annual Amount: 27348.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Dec 12, 2024
Sold by
Shalom Springs 2340 Llc
Bought by
2 Js Enterprises Llc
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Eric Knoll
Five Star Real Estate (Grandv)
List Price
$2,800,000
Sold Price
$2,600,000
Premium/Discount to List
-$200,000
-7.14%
Views
4
Current Estimated Value
$577,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,022,214
Avg. Annual Appreciation
-77.78%

Purchase Details

Closed on
Aug 12, 2015
Sold by
Chapman Donald E and Chapman Janice C
Bought by
Shalom Springs 2340 Llc

Purchase Details

Closed on
Apr 20, 2015
Sold by
Ken Cunningham Irrevocable Special Needs
Bought by
Chapman Donald E and Chapman Janice C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,750
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2009
Sold by
Cunningham Robert A
Bought by
Ken Cunningham Irrevocable Special Needs

Purchase Details

Closed on
Jun 10, 2009
Sold by
Federal Deposit Insurance Corporation
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Apr 2, 2008
Sold by
Coykendall Jerry and Coykendall Sharon
Bought by
Washington Mutual Bank Fa

Purchase Details

Closed on
May 6, 2003
Sold by
Robert W and Wretschko Revocable Lv Mary L
Bought by
Coykendall Jerry L and Coykendall Sharon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,400
Interest Rate
8.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 31, 2002
Sold by
Rietman Winona M and Winona M Rietman Trust
Bought by
Robert W & Mary I Wretschko Revocable Li
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
2 Js Enterprises Llc $520,000 Sun Title
Shalom Springs 2340 Llc -- None Available
Chapman Donald E $137,000 None Available
Ken Cummingham Irrevocable Special Needs -- None Available
Ken Cunningham Irrevocable Special Needs -- None Available
Jpmorgan Chase Bank National Association -- None Available
Washington Mutual Bank Fa $157,269 None Available
Coykendall Jerry L $143,000 Fatic
Robert W & Mary I Wretschko Revocable Li $315,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chapman Donald E $102,750
Previous Owner Coykendall Jerry L $114,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2024 12/12/24 Sold $2,600,000 -7.1% --
09/30/2024 09/30/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $2,800,000 -- --
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 $4,883 $177,700 $0 $0
2024 $4,883 $178,800 $0 $0
2023 $4,887 $168,100 $0 $0
2022 $4,562 $109,000 $0 $0
2021 $4,453 $98,200 $0 $0
2020 $4,099 $106,900 $0 $0
2019 $4,239 $84,700 $0 $0
2018 $4,091 $68,900 $0 $0
2017 $3,995 $58,600 $0 $0
2016 $3,897 $51,700 $0 $0
2015 $3,304 $51,700 $0 $0
2013 -- $48,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allison Koetsier

    Seller's Agent in 2024

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    6 in this area

    113 Total Sales

    Allison Koetsier
    Section Image

  • E

    Buyer's Agent in 2024

    Eric Knoll

    Five Star Real Estate (Grandv)

    (616) 293-4887

    2 in this area

    122 Total Sales

    Eric Knoll
    Section Image
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Map

Source: MichRIC

MLS Number: 24049166

MichRIC

APN: 41-17-11-233-019

Michigan Kent County Wyoming 49509 Urbandale

2340 Banner Dr SW, Wyoming, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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