NOT LISTED FOR SALE

Estimated Value: $182,000 - $209,000

4 Beds
3 Baths
2,150 Sq Ft
$90/Sq Ft Est. Value

Last Sold September 25, 2023

Last sale price $174,000 $81 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,389/month

19 Days on Market

Highlights

  • 1 Fireplace
  • Wood Siding
  • 4-minute walk to McLaughlin Community Park
  • Forced Air Heating System

About This Home

As of September 2023

Great opportunity to own an updated apartment building for 3 families in the city of Muskegon. All 3 units are rented until January 2024.
New roof, paint, updated kitchen, bath, flooring.
Each apartment is in move-in condition and the building has the rental certificate from the city to date.
The tenant pays all bills, the landlord charges a flat fee of $150 a month for each apartment to cover gas, electric, and water.

Last Agent to Sell the Property

Veronika Anderson

RE/MAX West License #6501355917 Listed on: 07/28/2023

RE/MAX West

Last Buyer's Agent

Rachel Kokosenski

Keller Williams GR North (Main) License #6501448116

Keller Williams GR North (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,291

Year Built

  • Built in 1800

Lot Details

  • 3,354 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,291

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1800
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 38
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1291.0
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: 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:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 180000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

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

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: 38
  • Lot Size Sq Ft: 3354.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1291.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2023
Closed on
Sep 25, 2023
Sold by
Maye Etelvina
Bought by
Rose Brennan and Deibel Keith
Seller's Agent
Veronika Anderson
RE/MAX West
Buyer's Agent
Rachel Kokosenski
Keller Williams GR North (Main)
List Price
$180,000
Sold Price
$174,000
Premium/Discount to List
-$6,000
-3.33%
Views
22
Current Estimated Value
$185,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,373
Avg. Annual Appreciation
5.55%
Original Mortgage
$130,500
Outstanding Balance
$128,039
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$64,452

Purchase Details

Listed on
Mar 23, 2022
Closed on
Jul 29, 2022
Sold by
Vines Darrice D
Bought by
Maye Etelvina
Seller's Agent
Justin Malek
Nexes Realty Muskegon
Buyer's Agent
Veronika Anderson
RE/MAX West
List Price
$130,000
Sold Price
$92,500
Premium/Discount to List
-$37,500
-28.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.45%

Purchase Details

Closed on
Jun 3, 2019
Sold by
Vines Darrice D
Bought by
Vines Derrice D and Vines Jackson Dorisene

Purchase Details

Closed on
Mar 30, 2006
Sold by
Vines Johnie Mack and Vines Ethel Mae
Bought by
Vines Darrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,380
Interest Rate
10%
Mortgage Type
Fannie Mae Freddie Mac
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
Rose Brennan $174,000 Lakeshore Title
Maye Etelvina $92,500 None Listed On Document
Vines Derrice D -- None Available
Vines Darrice $32,000 Priority Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rose Brennan $130,500
Previous Owner Vines Darrice $53,380
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2023 09/25/23 Sold $174,000 -3.3% $81 / Sq Ft
08/16/2023 08/16/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $180,000 +94.6% $84 / Sq Ft
07/01/2022 07/01/22 Sold $92,500 -15.8% $43 / Sq Ft
06/13/2022 06/13/22 Pending -- -- --
05/19/2022 05/19/22 Price Changed $109,900 -8.4% $51 / Sq Ft
04/05/2022 04/05/22 Price Changed $120,000 -7.7% $56 / Sq Ft
03/23/2022 03/23/22 For Sale $130,000 -- $60 / 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 $4,490 $93,900 $0 $0
2024 $847 $72,500 $0 $0
2023 $510 $43,500 $0 $0
2022 $1,291 $30,700 $0 $0
2021 $1,289 $27,800 $0 $0
2020 $1,261 $22,100 $0 $0
2019 $1,239 $20,400 $0 $0
2018 $1,211 $20,600 $0 $0
2017 $1,174 $21,200 $0 $0
2016 $216 $20,500 $0 $0
2015 -- $19,600 $0 $0
2014 $212 $19,400 $0 $0
2013 -- $18,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23027116

Southwestern Michigan Association of REALTORS®

APN: 24-205-267-0005-00