NOT LISTED FOR SALE

2541 Jefferson St Muskegon, MI 49444

Estimated Value: $124,000 - $154,662

4 Beds
1 Bath
1,459 Sq Ft
$93/Sq Ft Est. Value

Last Sold February 28, 2022

Last sale price $118,000 $81 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $935/month

27 Days on Market

About This Home

As of February 2022

Attention cash or commercial investors! Instant cash flowing duplex is remodeled & ready to go! Many major and minor upgrades in 2021 including all new vinyl double-hung windows, new furnace, new water heater, repainted interior, new plumbing, carpeting, fixtures, blinds etc. Each unit boasts a private entrance, updated kitchen, dining room, living room, private gas, & electric. 2 BR market rent is $855 per month per unit, or $940 including utilities so easy cash flow here. Can be leased for you prior to or after closing if desired but is vacant currently for easy showings. Located just a block from both the elementary and high schools. Owner is an entity partially owned by a licensed real estate broker in Michigan. No offer deadline. Possession at closing. Set appt today!

Last Agent to Sell the Property

John Cremer

Five Star Real Estate (Grandv) License #6502418398 Listed on: 12/30/2021

Last Buyer's Agent

Jody Szotko

EXP Realty License #6501320781

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,580

Year Built

  • Built in 1935

Lot Details

  • 6,250 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Wall Furnace

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,580

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 117500.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Wall Furnace, Forced Air
  • Heating: Yes
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6250.0
  • Zoning Description: Comm-Retail
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1580.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2021
Closed on
Feb 28, 2022
Sold by
David John Properties Llc
Bought by
Szotko Evan and Szotko Jody
Seller's Agent
John Cremer
Five Star Real Estate (Grandv)
Buyer's Agent
Jody Szotko
EXP Realty
Sold Price
$118,000
Current Estimated Value
$135,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,416
Avg. Annual Appreciation
1.71%
Original Mortgage
$94,400
Outstanding Balance
$88,456
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$36,674

Purchase Details

Listed on
Jan 29, 2021
Closed on
Feb 19, 2021
Sold by
Stress Free Properties Llc
Bought by
David John Properties Llc
Seller's Agent
Brent Gilbert
Five Star Real Estate (Grandv)
Buyer's Agent
John Cremer
Five Star Real Estate (Grandv)
List Price
$49,999
Sold Price
$41,500
Premium/Discount to List
-$8,499
-17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
178.57%

Purchase Details

Closed on
Nov 5, 2018
Sold by
Saelee Properties Llc
Bought by
Holland Reit Advisors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,979
Interest Rate
4.7%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 13, 2016
Sold by
Khatri Ratan
Bought by
Saelee Properties Llc

Purchase Details

Closed on
Mar 28, 2016
Sold by
Seaway Development Llc
Bought by
Ira Quest

Purchase Details

Listed on
Oct 8, 2015
Closed on
Dec 14, 2015
Sold by
U S Bank National Association
Bought by
Seaway Development Llc
Seller's Agent
Michelle Morgenstern
Nexes Lumbertown
Buyer's Agent
Eric Shedd
Nexes Realty Muskegon
List Price
$7,000
Sold Price
$4,000
Premium/Discount to List
-$3,000
-42.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.82%

Purchase Details

Closed on
Jun 26, 2015
Sold by
Bussler Tamara L
Bought by
U S Bank National Association

Purchase Details

Closed on
May 11, 2006
Sold by
Point Housing Llc
Bought by
Bussler Tamara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,150
Interest Rate
10%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 12, 2004
Sold by
Cornelisse Kenneth W and Cornelisse Janice
Bought by
Point Housing Llc

Purchase Details

Closed on
Feb 7, 2003
Sold by
Langlois James A and Langlois Patricia A
Bought by
Cornelisse Kenneth W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,930
Interest Rate
5.94%
Mortgage Type
Unknown
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
Szotko Evan $118,000 Star Title Agency
David John Properties Llc $41,500 Star Title Agency Llc
Stress Free Properties Llc $29,000 Star Title Agency Llc
Holland Reit Advisors Llc $8,500 Ata Natl Title Group Llc
Saelee Properties Llc $12,000 Attorney
Ira Quest -- Attorney
Seaway Development Llc $4,000 Real Advantage Llc
U S Bank National Association $18,700 Attorney
Bussler Tamara L $37,000 None Available
Point Housing Llc -- --
Cornelisse Kenneth W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Szotko Evan $94,400
Previous Owner Holland Reit Advisors Llc $9,979
Previous Owner Bussler Tamara L $35,150
Previous Owner Cornelisse Kenneth W $20,930
Closed Cornelisse Kenneth W $8,970
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2022 02/28/22 Sold $118,000 -9.2% $81 / Sq Ft
01/05/2022 01/05/22 Pending -- -- --
12/30/2021 12/30/21 For Sale -- -- --
12/19/2021 12/19/21 Pending -- -- --
12/09/2021 12/09/21 For Sale $129,900 +213.0% $89 / Sq Ft
02/19/2021 02/19/21 Sold $41,500 -17.0% $28 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $49,999 +1150.0% $34 / Sq Ft
12/18/2015 12/18/15 Sold $4,000 -42.9% $3 / Sq Ft
12/02/2015 12/02/15 Pending -- -- --
10/08/2015 10/08/15 For Sale $7,000 -- $5 / Sq Ft
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 $2,330 $64,300 $0 $0
2024 $1,727 $43,800 $0 $0
2023 $1,884 $35,900 $0 $0
2022 $1,873 $24,900 $0 $0
2021 $1,588 $15,900 $0 $0
2020 $1,072 $14,100 $0 $0
2019 $1,186 $15,600 $0 $0
2018 $916 $14,400 $0 $0
2017 $850 $11,800 $0 $0
2016 $543 $11,100 $0 $0
2015 -- $13,400 $0 $0
2014 -- $14,400 $0 $0
2013 -- $15,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21117872

Southwestern Michigan Association of REALTORS®

APN: 26-185-142-0011-00