NOT LISTED FOR SALE

2618 Reynolds St Muskegon, MI 49444

Estimated Value: $67,000 - $113,000

-- Bed
2 Baths
1,496 Sq Ft
$61/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $40,000 $27 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $624/month

2 Days on Market

About This Home

As of October 2020

Nice investment property. Both units currently rented. Off street parking and up to date on rental inspections. Steel roof was added in 2017.
Buyer and agent to verify all information.

Last Agent to Sell the Property

Jeremy Gilchrist

Five Star Real Estate License #6501349199 Listed on: 08/28/2020

Five Star Real Estate

Last Buyer's Agent

Reed Hrynewich

Five Star Real Estate License #6501414798

Five Star Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $809

Year Built

  • Built in 1925

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Metal Roof

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for trash collection, sewer, gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$809

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 43000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4792.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 809.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2021
Sold by
Brwm Properties Llc
Bought by
Rw3 Investments Llc
Current Estimated Value
$90,587

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500
Outstanding Balance
$6,763
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$78,949

Purchase Details

Listed on
Aug 28, 2020
Closed on
Oct 8, 2020
Sold by
2618 Reynolds Llc
Bought by
Brwm Properties Llc
Seller's Agent
Jeremy Gilchrist
Five Star Real Estate
Buyer's Agent
Reed Hrynewich
Five Star Real Estate
List Price
$43,000
Sold Price
$40,000
Premium/Discount to List
-$3,000
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.09%

Purchase Details

Listed on
Aug 28, 2020
Closed on
Sep 17, 2020
Sold by
Jubilee Property Holdings Llc
Bought by
2618 Reynolds Llc
Seller's Agent
Jeremy Gilchrist
Five Star Real Estate
Buyer's Agent
Reed Hrynewich
Five Star Real Estate
List Price
$43,000
Sold Price
$40,000
Premium/Discount to List
-$3,000
-6.98%

Purchase Details

Listed on
Oct 30, 2019
Closed on
Dec 4, 2019
Sold by
The Diane L Tibbs Revocable Living Trust
Bought by
2618 Reynolds Llc
Seller's Agent
Tim Updyke
Five Star Real Estate
Buyer's Agent
Jeremy Gilchrist
Five Star Real Estate
List Price
$34,900
Sold Price
$31,500
Premium/Discount to List
-$3,400
-9.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.90%

Purchase Details

Closed on
May 1, 2007
Sold by
Tibbs Diane L and Tibbs Michael W
Bought by
The Diane L Tibbs Revocable Living Trust
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
Rw3 Investments Llc $319,698 First American Title
Brwm Properties Llc $40,000 Star Title Agency Llc
2618 Reynolds Llc -- Star Title Agency Llc
2618 Reynolds Llc $31,500 Startitle Agency Llc
The Diane L Tibbs Revocable Living Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Defined Design Llp $0
Closed Rw3 Investments Llc $0
Open Rw3 Investments Llc $7,500
Closed Rw3 Investments Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2020 10/07/20 Sold $40,000 -7.0% $27 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
08/28/2020 08/28/20 For Sale $43,000 +36.5% $29 / Sq Ft
12/05/2019 12/05/19 Sold $31,500 -9.7% $21 / Sq Ft
11/05/2019 11/05/19 Pending -- -- --
10/30/2019 10/30/19 For Sale $34,900 -- $23 / 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 $1,473 $41,300 $0 $0
2024 $1,092 $31,800 $0 $0
2023 $1,191 $22,700 $0 $0
2022 $1,602 $21,300 $0 $0
2021 $1,393 $18,400 $0 $0
2020 $1,011 $13,300 $0 $0
2019 $810 $13,000 $0 $0
2018 $791 $10,400 $0 $0
2017 $850 $11,800 $0 $0
2016 $592 $12,100 $0 $0
2015 -- $12,600 $0 $0
2014 -- $15,800 $0 $0
2013 -- $15,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20035690

Southwestern Michigan Association of REALTORS®

APN: 26-610-003-0007-00