Seller's Agent in 2025
Brady Williams
Greater Development LLC
(360) 989-5395
1 in this area
9 Total Sales
21
Beds
19
Baths
18,200
Sq Ft
1.49
Acres
Highlights
- 1.49 Acre Lot
- Contemporary Architecture
- Baseboard Heating
About This Home
As of February 2025Sugar Pine Apartments is a stabilized, value-add 19 unit apartment building located in Holt, MI. The property consists of eighteen 1 bedroom apartments (800 square feet) one 3 bedroom unit (1,000 square feet) and 9 storage units. The property is 100% occupied grossing $17,295 per month.
All 19 units are in one building - that was built in 1999. Each unit is equipped with a window air conditioning unit, along with baseboard heat. There are 28 parking spaces for the 19 units. The units are separately metered for electric which the tenant puts in their name. The heat is supplied through baseboard heat. The landlord pays for water, sewer and trash. Most properties in the area bill back for these utilities, so there is opportunity to increase value through collecting RUBS. The current owner has invested over $100,000 into the building this year including patching, sealing and striping the parking lot, 3 unit renovations, and exterior / common area CAPEX.
Last Agent to Sell the Property
Greater Development LLC License #6501413257 Listed on: 10/28/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
Year Built
- Built in 1999
Lot Details
- 1.49 Acre Lot
- Lot Dimensions are 175.80 x 336.00
Home Design
- Contemporary Architecture
- Brick Exterior Construction
- Brick Foundation
- Asphalt Roof
Interior Spaces
- 19 Full Bathrooms
- 18,200 Sq Ft Home
- 2-Story Property
- Finished Basement
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
Listing and Financial Details
- Assessor Parcel Number 33250514151003
Community Details
Overview
- 19 Units
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 28, 2024
Closed on
Mar 14, 2025
Sold by
Sp19 Llc
Bought by
Brei Sugar Pine Llc
Seller's Agent
Brady Williams
Greater Development LLC
Buyer's Agent
Brady Williams
Greater Development LLC
List Price
$1,850,000
Sold Price
$1,750,000
Premium/Discount to List
-$100,000
-5.41%
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$516,000
Avg. Annual Appreciation
-19.36%
Original Mortgage
$1,100,000
Outstanding Balance
$1,093,012
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$444,988
Purchase Details
Listed on
Oct 28, 2024
Closed on
Mar 11, 2025
Sold by
Sp19 Llc
Bought by
Brei Sugar Pine Llc
Seller's Agent
Brady Williams
Greater Development LLC
Buyer's Agent
Brady Williams
Greater Development LLC
List Price
$1,850,000
Sold Price
$1,750,000
Premium/Discount to List
-$100,000
-5.41%
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Outstanding Balance
$1,093,012
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$444,988
Purchase Details
Closed on
Feb 13, 2024
Sold by
Sugar Pine Property Llc
Bought by
Sp19 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.62%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 21, 2018
Sold by
Gm Property Llc
Bought by
Sugar Pine Property Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$366,500
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Mar 8, 2013
Sold by
Angel Cecelia J
Bought by
Gm Property Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
3.5%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $1,200,000 | None Listed On Document | |
| Warranty Deed | $733,000 | Diversified National Title | |
| Warranty Deed | $368,000 | Diversified National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,100,000 | New Conventional | |
| Previous Owner | $900,000 | New Conventional | |
| Previous Owner | $366,500 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $276,000 | Commercial | |
| Previous Owner | $160,547 | Commercial | |
| Previous Owner | $200,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/04/2025 02/04/25 | Sold | $1,750,000 | -5.4% | $96 / Sq Ft |
| 12/09/2024 12/09/24 | Pending | -- | -- | -- |
| 10/28/2024 10/28/24 | For Sale | $1,850,000 | -- | $102 / Sq Ft |
Source: Realcomp
Tax History Compared to Growth
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 | $23,445 | $547,600 | $57,000 | $490,600 |
| 2024 | $42 | $399,000 | $47,500 | $351,500 |
| 2023 | $21,912 | $313,200 | $38,000 | $275,200 |
| 2022 | $21,421 | $305,800 | $38,000 | $267,800 |
| 2021 | $21,649 | $305,800 | $38,000 | $267,800 |
| 2020 | $22,121 | $305,800 | $38,000 | $267,800 |
| 2019 | $18,872 | $298,800 | $28,500 | $270,300 |
| 2018 | $18,223 | $248,600 | $28,500 | $220,100 |
| 2017 | $17,064 | $248,600 | $28,500 | $220,100 |
| 2016 | $16,763 | $248,600 | $28,500 | $220,100 |
| 2015 | $16,230 | $242,100 | $57,000 | $185,100 |
| 2014 | $16,230 | $241,000 | $57,000 | $184,000 |
Source: Public Records
Agents Affiliated with this Home
-
Brady Williams
Map
Source: Realcomp
MLS Number: 20240081425
APN: 25-05-14-151-003
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.
IDX provided courtesy of Realcomp II Ltd. via Ten-X and MLS
Copyright 2025 Realcomp II Ltd. Shareholders
IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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