NOT LISTED FOR SALE

270 E Washington St Ionia, MI 48846

Estimated Value: $186,977 - $496,000

7 Beds
3 Baths
3,040 Sq Ft
$92/Sq Ft Est. Value

Last Sold November 14, 2017

Last sale price $100,500 $33 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $1,711/month

22 Days on Market

Highlights

  • Corner Lot: Yes
  • Forced Air Heating System
  • 4-minute walk to Perry Park

About This Home

As of November 2017

Three Unit Income Producing Property For Sale On Corner Lot. Home Offers 3 Separate Furnaces Along With 3 Meters. Gross Monthly Income Currently Is $1435.00. This Is A Great Opportunity For The Rental Management Entrepreneur. Multi Units Are Money Makers! Check Out 270/271 Washington Street Today.

Last Agent to Sell the Property

Shuri Griffin

Coldwell Banker Professionals Listed on: 08/02/2017

Last Buyer's Agent

Matt Clouse

Weichert REALTORS Plat (Main)

Weichert REALTORS Plat (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,513

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 66x66
  • Corner Lot: Yes

Home Design

  • Metal Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Unpaved Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,513

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: 66x66
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1513.0
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Driveway:Unpaved: Yes
  • Roofing:Metal: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 109900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1513.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2017
Closed on
Nov 14, 2017
Sold by
Whitelock Gloria A
Bought by
Brennan Joseph and Brennan Laura
Seller's Agent
Shuri Griffin
Coldwell Banker Professionals
Buyer's Agent
Matt Clouse
Weichert REALTORS Plat (Main)
List Price
$109,900
Sold Price
$100,500
Premium/Discount to List
-$9,400
-8.55%
Current Estimated Value
$279,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$178,994
Avg. Annual Appreciation
13.30%
Original Mortgage
$73,500
Outstanding Balance
$61,590
Interest Rate
3.85%
Mortgage Type
Construction
Estimated Equity
$217,905

Purchase Details

Closed on
Jun 20, 1996
Bought by
Whitelock Richard and Whitelock Gloria
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brennan Joseph $100,500 --
Whitelock Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brennan Joseph $73,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2017 11/14/17 Sold $100,500 -8.6% $33 / Sq Ft
08/24/2017 08/24/17 Pending -- -- --
08/02/2017 08/02/17 For Sale $109,900 -- $36 / Sq Ft
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 $3,173 $90,300 $8,700 $81,600
2024 $30 $90,300 $8,700 $81,600
2023 $2,880 $62,400 $6,400 $56,000
2022 $2,743 $60,800 $5,700 $55,100
2021 $2,799 $50,400 $5,700 $44,700
2020 $2,646 $50,400 $5,700 $44,700
2019 $1,366 $48,700 $4,700 $44,000
2018 $2,686 $33,800 $4,200 $29,600
2017 $1,350 $33,800 $4,200 $29,600
2016 $1,366 $26,000 $2,500 $23,500
2015 -- $26,000 $2,500 $23,500
2014 $2,697 $38,000 $3,600 $34,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Shuri Griffin

    Coldwell Banker Professionals

  • M

    Buyer's Agent in 2017

    Matt Clouse

    Weichert REALTORS Plat (Main)

    (517) 648-0341

    13 Total Sales

    Matt Clouse
    Section Image
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Map

Source: MichRIC

MLS Number: 17034188

MichRIC

APN: 203-210-000-050-00

Michigan Ionia County Ionia 48846

270 E Washington St, Ionia, MI

Not Listed for Sale

MultiFamily

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