NOT LISTED FOR SALE

25778 Red Arrow Hwy Mattawan, MI 49071

Estimated Value: $263,767 - $330,000

4 Beds
2 Baths
-- Sq Ft
1 Acres

Last Sold September 15, 2017

Last sale price $45,000

Est. 572% increase in value since last sale

Current estimated payment $1,663/month

47 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Level Lot
  • Mattawan Later Elementary School Rated A-
  • 4 Car Garage

About This Home

As of September 2017

Investor Special- Great 2 unit Duplex in Mattawan Schools, located on Red Arrow Hwy. This duplex sits on a 1 acre lot with great back yard space and a detached 2+ car garage. Each unit could have their own side of the garage.
The lower unit offers great space with 2-3 bedrooms, hardwood floors in living room and bedrooms, there is a tub surround on premises to go over the tub in bathroom, a little paint and flooring would bring this unit back into shape. There is also a laundry room with 1/2 bath on main floor that was just used by lower unit but could be accessed by both units. The upper level offers great dining and living space, 2 bedrooms and full bath. The roof needs to be replaced and the upper unit shows water damage. Home has a basement with both unit water heaters located in basement and main floor furnace and electric panel for the building.The lower unit furnace is less than 7 yrs old, home has a warranty and service plan for wood destroying insects that automatically transfers to new owner.
Home needs some attention but location and rental history has been great.
Could be excellent as owner occupied home too, have the tenants pay the mortgage. Priced way below SEV , schedule your showing today to see what a great possibility this could be.

Last Agent to Sell the Property

Pamela Lombard

Chuck Jaqua, REALTOR License #6501343434 Listed on: 07/26/2017

Chuck Jaqua, REALTOR

Last Buyer's Agent

Pamela Lombard

Jaqua, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 141x198x188x192
  • Level Lot

Home Design

  • Composition Roof

Basement

  • Michigan Basement

Parking

  • 4 Car Garage
  • Unpaved Driveway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Septic System
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for trash collection, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1947
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 141x198x188x192
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3142.0
  • Tax Info:Zoning3: residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Natural Gas: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 59900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Cable Connected
  • Water Source: Well, Public
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 1.0
  • Lot Size Area: 1.0
  • Lot Size Sq Ft: 43560.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3142.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2017
Closed on
Sep 15, 2017
Sold by
Frank Michakle W and Frank Karen
Bought by
Kasem Hussein
Seller's Agent
Pamela Lombard
Chuck Jaqua, REALTOR
Buyer's Agent
Pamela Lombard
Chuck Jaqua, REALTOR
List Price
$79,900
Sold Price
$45,000
Premium/Discount to List
-$34,900
-43.68%
Current Estimated Value
$302,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$257,192
Avg. Annual Appreciation
26.58%

Purchase Details

Closed on
Jul 9, 2003
Sold by
Frank Michael W
Bought by
Frank Michael W and Frank Karen M
Source: Public Records

Range of Values:

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Average Value
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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
Kasem Hussein $45,000 None Available
Frank Michael W -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2017 09/15/17 Sold $45,000 -43.7% --
09/11/2017 09/11/17 Pending -- -- --
07/26/2017 07/26/17 For Sale $79,900 -- --
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 $726 $115,300 $0 $0
2024 $726 $99,200 $0 $0
2023 $691 $93,100 $0 $0
2022 $3,337 $78,400 $0 $0
2021 $3,217 $69,600 $15,000 $54,600
2020 $3,173 $71,200 $15,000 $56,200
2019 $2,947 $64,100 $64,100 $0
2018 $2,880 $56,100 $56,100 $0
2017 $2,839 $64,900 $0 $0
2016 $2,842 $63,600 $0 $0
2015 $1,630 $63,600 $0 $0
2014 $1,600 $60,600 $0 $0
2013 -- $55,300 $55,300 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17022328

Southwestern Michigan Association of REALTORS®

APN: 80-02-002-057-10