NOT LISTED FOR SALE

242 S Main St Eaton Rapids, MI 48827

Estimated Value: $134,000 - $185,000

-- Bed
-- Bath
3,366 Sq Ft
$47/Sq Ft Est. Value

Last Sold April 13, 2018

Last sale price $132,000 $39 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,144/month

75 Days on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of April 2018

Awesome investment opportunity! 4 unit multi family residence on S. Main Street in Eaton Rapids, brick exterior, great location, great monthly income! Unit 1 is rented for $525 a month, unit 2 is currently vacant and rents for $475 a month, unit 3 is rented for $550 a month, and unit 4 is rented for $475 a month.

Last Agent to Sell the Property

Rachel Jones

Keller Williams Realty Lansing Listed on: 10/16/2017

Last Buyer's Agent

Rachel Jones

RE/MAX Real Estate Professionals License #6501401541

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 4,487 Sq Ft Lot
  • Lot Dimensions are 45x100

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 3,366 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement
  • Exterior Basement Entry

Parking

  • 5 Parking Spaces
  • No Garage
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • New Taxes Expense $3,431

Listing and Financial Details

  • Total Actual Rent $24,300

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Gross Rent: 24300.0
  • Misc Business Info Construction Type: Brick
  • Misc Business Info Parking Surface: Gravel
  • Misc Business Info Roof Type: Shingle
  • Tax Year: 2016
  • Misc Business Info Overall Building Siz: 3366
  • Levels: Two
  • Year Built: 1900
  • Lot Size Acres: 0.1
  • Lot Size: 45x100
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3366.0
  • General Property Info:Lot Size Dimensions: 45x100
  • General Property Info:Above Grade Finished Area: 3366.0
  • Levels:Two2: Yes
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Cooling:Window Unit(s): Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Exterior:Brick: Yes
  • Tax Info:Taxes2: 3430.88
  • Tax Info:Zoning3: Commercial
  • Water Heater:Gas Water Heater2: Yes
  • General Property Info:Building 1 Description: Apartment
  • General Property Info:_pound_ of Units: 4
  • Annual Inc Expense:Tax Expense2: 3430.88
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Exterior Entry, Full, Michigan
  • Heating: Forced Air, Natural Gas
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Basement:Michigan: Yes
  • Basement:Exterior Entry: Yes

Exterior Features

  • Roof: Shingle
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Gravel, No Garage
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:No Garage: Yes
  • Misc Business Info:_pound_ Parking: 5
  • General Property Info:Parking Total: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Utilities: High Speed Internet Available, Cable Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Schools

  • Junior High Dist: Eaton Rapids

Lot Info

  • Lot Size Sq Ft: 4486.68
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Carrier Route: 1276

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2019
Sold by
Pacek Brett and Bingel Danny
Bought by
242 Main Llc
Current Estimated Value
$159,500

Purchase Details

Closed on
Nov 21, 2018
Sold by
242 Main
Bought by
Pacek Brett and Bingel Danny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,750
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2017
Closed on
Apr 13, 2018
Sold by
Stapleton Robert J and Stapleton Ferorgia M
Bought by
242 Main Ll C A Michigan Limited
Seller's Agent
Rachel Jones
Keller Williams Realty Lansing
Buyer's Agent
Rachel Jones
RE/MAX Real Estate Professionals
List Price
$145,000
Sold Price
$132,000
Premium/Discount to List
-$13,000
-8.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.57%

Purchase Details

Closed on
Apr 21, 2003
Sold by
Excell Betty A and Excell Dale J
Bought by
Stapleton Robert J and Stapleton Georgia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.02%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

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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
242 Main Llc -- None Available
Pacek Brett -- Liberty Title
242 Main Ll C A Michigan Limited -- Liberty Title
Stapleton Robert J $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pacek Brett $105,750
Previous Owner Stapleton Robert J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $132,000 -9.0% $39 / Sq Ft
11/06/2017 11/06/17 Pending -- -- --
10/16/2017 10/16/17 For Sale $145,000 0.0% $43 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
08/23/2017 08/23/17 For Sale $145,000 -- $43 / Sq Ft
Source: Greater Lansing 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 $3,576 $74,300 $0 $0
2024 $2,293 $83,700 $0 $0
2023 $2,284 $94,400 $0 $0
2022 $3,394 $79,800 $0 $0
2021 $3,277 $58,800 $0 $0
2020 $3,549 $53,400 $0 $0
2019 $4,734 $67,616 $0 $0
2018 $2,873 $64,252 $0 $0
2017 $2,767 $63,145 $0 $0
2016 -- $47,150 $0 $0
2015 -- $45,800 $0 $0
2014 -- $44,900 $0 $0
2013 -- $44,650 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Rachel Jones

    Keller Williams Realty Lansing

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 219365

Greater Lansing Association of Realtors®

APN: 300-000-605-095-00

Michigan Eaton County Eaton Rapids 48827

242 S Main St, Eaton Rapids, MI

This home is located at 242 S Main St, Eaton Rapids, MI 48827 since 16 October 2017 and is currently estimated at $159,500, approximately $47 per square foot. This property was built in 1900. 242 S Main St is a home located in Eaton County with nearby schools including Lockwood Elementary School, Greyhound Intermediate School, and Eaton Rapids Middle School.

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