NOT LISTED FOR SALE

268 E Main St Ionia, MI 48846

Estimated Value: $152,000 - $205,000

4 Beds
2 Baths
1,576 Sq Ft
$109/Sq Ft Est. Value

Last Sold January 22, 2018

Last sale price $69,900 $44 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $1,134/month

54 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 3-minute walk to Balice Park

About This Home

As of January 2018

This is a great rental property that already has long term renters in it, so you don't even need to go out and find new ones! Upstairs unit rents for $500 and $650 for the lower unit. Gas and electric paid by tenants. perfect investment property!

Last Agent to Sell the Property

Patrick Schaefer

Five Star Real Estate (Ada) License #6501261172 Listed on: 09/29/2017

Co-Listed By

Ryan Schaefer

Five Star Real Estate (Main) License #6501388478

Last Buyer's Agent

Teresa Wandell

Greenridge Realty (Cascade)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,503

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 49 x 82

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 2 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,503

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 49 x 82
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1503.0
  • Tax Info:Zoning3: Res 401
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 69999.0
  • Number of Buildings: 1
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Connected

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 49 x 82
  • Lot Size Sq Ft: 3920.0
  • Zoning Description: Res 401
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1503.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2017
Closed on
Jan 22, 2018
Sold by
Streekstra Bessie M
Bought by
Ross Investments Llc
Seller's Agent
Patrick Schaefer
Five Star Real Estate (Ada)
Buyer's Agent
Teresa Wandell
Greenridge Realty (Cascade)
List Price
$74,900
Sold Price
$69,900
Premium/Discount to List
-$5,000
-6.68%
Current Estimated Value
$172,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,514
Avg. Annual Appreciation
12.60%

Purchase Details

Listed on
Dec 5, 2013
Closed on
May 21, 2014
Sold by
Fannie Mae
Bought by
Streekstra Bessie M
Seller's Agent
Tom Dann
Value Point Real Estate
Buyer's Agent
Tom Dann
Value Point Real Estate
List Price
$42,900
Sold Price
$11,700
Premium/Discount to List
-$31,200
-72.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.54%

Purchase Details

Closed on
May 2, 2013
Sold by
Boley Wayne A and Boley Tamara L
Bought by
Federal National Mortgage Association
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
Ross Investments Llc $69,900 --
Streekstra Bessie M $11,700 Best Homes Title Agency Llc
Federal National Mortgage Association $45,520 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2018 01/22/18 Sold $69,900 -6.7% $44 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
09/29/2017 09/29/17 For Sale $74,900 +540.2% $48 / Sq Ft
05/21/2014 05/21/14 Sold $11,700 -72.7% $7 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
12/05/2013 12/05/13 For Sale $42,900 -- $27 / 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 $2,359 $63,700 $9,200 $54,500
2024 $2,246 $63,700 $9,200 $54,500
2023 $2,141 $48,700 $6,800 $41,900
2022 $2,040 $43,700 $6,000 $37,700
2021 $2,081 $35,500 $6,000 $29,500
2020 $1,967 $35,500 $6,000 $29,500
2019 $1,345 $35,400 $4,900 $30,500
2018 $1,532 $31,100 $4,400 $26,700
2017 $1,329 $31,100 $4,400 $26,700
2016 $1,345 $25,600 $2,500 $23,100
2015 -- $25,600 $2,500 $23,100
2014 $901 $23,800 $3,600 $20,200
Source: Public Records

Agents Affiliated with this Home

  • Patrick Schaefer

    Seller's Agent in 2018

    Patrick Schaefer

    Five Star Real Estate (Ada)

    (616) 581-7580

    197 Total Sales

    Patrick Schaefer
    Section Image

  • R

    Seller Co-Listing Agent in 2018

    Ryan Schaefer

    Five Star Real Estate (Main)

    (616) 340-1585

    124 Total Sales

    Ryan Schaefer
    Section Image

  • T

    Buyer's Agent in 2018

    Teresa Wandell

    Greenridge Realty (Cascade)

    (616) 291-5561

    47 Total Sales

    Teresa Wandell
    Section Image

  • T

    Seller's Agent in 2014

    Tom Dann

    Value Point Real Estate

    (616) 363-6678

    39 Total Sales

    Tom Dann
    Section Image

  • K

    Seller Co-Listing Agent in 2014

    Ken Cleypool

    Value Point Real Estate

    (616) 299-2987

    55 Total Sales

    Ken Cleypool
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17049380

Southwestern Michigan Association of REALTORS®

APN: 203-210-000-110-00

Michigan Ionia County Ionia 48846

268 E Main St, Ionia, MI

This home is located at 268 E Main St, Ionia, MI 48846 since 29 September 2017 and is currently estimated at $172,414, approximately $109 per square foot. This property was built in 1900. 268 E Main St is a home located in Ionia County with nearby schools including Ionia High School, Saints Peter and Paul Catholic School, and Ionia Seventh Day Adventist Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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