Seller's Agent in 2018
Tim Mitchell
Cressy & Everett Real Estate
(269) 208-9425
86 in this area
199 Total Sales
26020 Randall Rd Dowagiac, MI 49047
Estimated Value: $131,000 - $309,000
--
Bed
--
Bath
--
Sq Ft
0.31
Acres
Highlights
- Private Waterfront
- Baseboard Heating
- High Speed Internet
- Window Unit Cooling System
About This Home
As of January 2018Looking for that investment property on the water? Two stand alone rental homes with two units in each home. Four units total on Mill Pond. Mill Pond is close to downtown Dowagiac and just down the street from Southwestern Michigan College. Invest in housing instead of renting while attending college and your unit could be rent free. And, it's on the water! Each with a separate entrance. There is 198 feet of private water frontage. Mill Pond is a wrapping creek over 150 acres with several channels branching off. It offers wonderful fishing, great wild life, and is especially nice for long pontoon excursions. Each unit comes with two bedrooms and one bath. Financials positively support this investment property and it has a great rental history with almost no vacancy. You have options: live in one unit, to get on the water at no cost, use as a vacation home, or strictly as an income source. All of the units are in great condition with very low maintenance.
Last Agent to Sell the Property
Cressy & Everett Real Estate License #65060121806 Listed on: 05/24/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,746
Year Built
- Built in 1960
Lot Details
- 0.31 Acre Lot
- Private Waterfront
- 198 Feet of Waterfront
Home Design
- Composition Roof
- Aluminum Siding
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 8 Parking Spaces
- Unpaved Driveway
Outdoor Features
- Water Access
- No Wake Zone
Utilities
- Window Unit Cooling System
- Window Unit Heating System
- Baseboard Heating
- Well
- Septic System
- High Speed Internet
- Phone Connected
- Cable TV Available
Community Details
Overview
- 2 Buildings
- 4 Units
Building Details
- Insurance Expense $2,640
- Maintenance Expense $1,500
- Operating Expense $5,200
- Gross Income $25,200
- Net Operating Income $20,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 24, 2017
Closed on
Jan 16, 2018
Sold by
Dewey Lake Proerty Llc
Bought by
Remods Llc
Seller's Agent
Tim Mitchell
Cressy & Everett Real Estate
Buyer's Agent
Phil Medo
Core Real Estate, Inc.
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%
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
$107,578
Avg. Annual Appreciation
7.86%
Purchase Details
Closed on
Dec 10, 2014
Sold by
Versatile Management Llc
Bought by
Dewey Lake 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
$100,000
Interest Rate
3.99%
Purchase Details
Listed on
Feb 9, 2013
Closed on
May 16, 2013
Sold by
Versatile Management Llc
Bought by
Dewey Lake Property Llc
Seller's Agent
Tim Mitchell
Cressy & Everett Real Estate
Buyer's Agent
Tim Mitchell
Cressy & Everett Real Estate
List Price
$129,900
Sold Price
$125,000
Premium/Discount to List
-$4,900
-3.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%
Purchase Details
Closed on
Dec 9, 2004
Sold by
Powell James L and Powell Darlene E
Bought by
Wickwire Bruce and Wickwire Victoria
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.77%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Remods Llc | -- | None Available | |
| Dewey Lake Property Llc | -- | None Available | |
| Dewey Lake Property Llc | -- | None Available | |
| Wickwire Bruce | $150,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Dewey Lake Property Llc | $100,000 | |
| Previous Owner | Wickwire Bruce | $112,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/16/2018 01/16/18 | Sold | $135,000 | -9.9% | -- | |
| 12/20/2017 12/20/17 | Pending | -- | -- | -- | |
| 05/24/2017 05/24/17 | For Sale | $149,900 | +19.9% | -- | |
| 05/16/2013 05/16/13 | Sold | $125,000 | -3.8% | -- | View Prior Sale |
| 05/16/2013 05/16/13 | Pending | -- | -- | -- | |
| 02/09/2013 02/09/13 | For Sale | $129,900 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
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 | $3,272 | $139,400 | $139,400 | $0 |
| 2024 | $783 | $117,500 | $117,500 | $0 |
| 2023 | $747 | $87,200 | $0 | $0 |
| 2022 | $711 | $93,200 | $0 | $0 |
| 2021 | $2,802 | $88,100 | $0 | $0 |
| 2020 | $2,806 | $89,394 | $0 | $0 |
| 2019 | $2,741 | $62,400 | $0 | $0 |
| 2018 | $665 | $63,100 | $0 | $0 |
| 2017 | $651 | $60,600 | $0 | $0 |
| 2016 | $698 | $65,000 | $0 | $0 |
| 2015 | -- | $77,500 | $0 | $0 |
| 2011 | -- | $77,500 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tim Mitchell
-
Phil Medo
Buyer's Agent in 2018
Phil Medo
Core Real Estate, Inc.
(269) 429-8001
1 in this area
22 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 17024326
APN: 14-150-350-039-00
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