NOT LISTED FOR SALE

265 Division St Coldwater, MI 49036

Studio
1 Bath
-- Sq Ft
0.37 Acres

Last Sold March 30, 2016

Last sale price $150,000

29 Days on Market

About This Home

As of March 2016

This multi-unit property will be sold at public auction Wednesday February 24th @ 6:00 p.m. at the Dearth Center. This property is tenant occupied. If a bidder is using a licensed real estate agent, 24 hours notice is required prior to auction. Bidding on and buying this property is non-contingent on financing. All buyers need to have their financing pre-arranged prior to auction. Bidding on and buying this property is not subject to any inspections. Buyer has the right to have any/all inspections done prior to the auction. Successful buyer will enter into a contract auction day and put down $1,000.00 earnest money at the same time with balance due within 30 days or sooner of auction. 275 Division a SFH (Tax ID 1230100000055100), 265 Division has the multi-units. Each Auctioned Separately.

Last Agent to Sell the Property

Stephen Burns

Midwestern Realty Group License #6501314641 Listed on: 02/17/2016

Last Buyer's Agent

Steve Burns

Real Estate Elite Team

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 0.37

Parking

  • 23 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 0.37 Acre Lot
  • Mineral Rights

Community Details

  • 8 Buildings
  • 15 Units

Listing and Financial Details

  • Reserve Auction
  • The owner pays for gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1960
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 1
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1.0
  • General Property Info:Total _pound_ Units: 15
  • General Property Info:Total _pound_ Bldgs: 8.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Slab: Yes
  • Substructure:Michigan Basement: Yes
  • Mineral Rights:Yes: Yes
  • Auction Type:Reserve: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement, Slab

Exterior Features

  • List Price: 150000.0
  • Number of Buildings: 8
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 23.0
  • General Property Info:Total Parking Spaces: 23.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.37
  • Lot Size Area: 0.37
  • Lot Size Sq Ft: 16117.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas

Multi Family

  • Number of Units Total: 15

Tax Info

  • Tax Annual Amount: 1.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2022
Sold by
Dwv Properties Llc
Bought by
Habitat For Humanity

Purchase Details

Closed on
Sep 28, 2018
Sold by
Trubey Edward A
Bought by
Dwv Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,181
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 17, 2016
Closed on
Mar 30, 2016
Sold by
Ability Investments Llc
Bought by
Trubey Edward A
Seller's Agent
Stephen Burns
Midwestern Realty Group
Buyer's Agent
Stephen Burns
Midwestern Realty Group
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,000
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2007
Sold by
The Joan Rzepka Living Trust
Bought by
Ability Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,000
Interest Rate
6.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 1996
Sold by
Rzepka William and Rzepka Joan
Bought by
Rzepka Joan -Trst
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Habitat For Humanity -- None Listed On Document
Dwv Properties Llc $177,500 Branch County Abstract & Tit
Trubey Edward A $150,000 Branch County Abstract & Tit
Ability Investments Llc $175,000 Branch County Abstract & Tit
Rzepka Joan -Trst -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dwv Properties Llc $178,181
Previous Owner Trubey Edward A $227,000
Previous Owner Ability Investments Llc $337,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2016 03/30/16 Sold $150,000 0.0% --
03/17/2016 03/17/16 Pending -- -- --
02/17/2016 02/17/16 For Sale $150,000 -- --
Source: MichRIC

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 $5,226 $168,800 $0 $0
2024 $49 $141,250 $0 $0
2023 $3,892 $93,300 $0 $0
2022 $4,930 $81,550 $0 $0
2020 -- $91,150 $0 $0
2019 -- $87,650 $0 $0
2018 -- $88,550 $0 $0
2017 -- $82,600 $0 $0
2016 -- $60,650 $0 $0
2015 -- $60,900 $0 $0
2014 -- $59,600 $0 $0
2013 -- $58,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 16006230

MichRIC

APN: 301-000-000-552-00