NOT LISTED FOR SALE

Estimated Value: $430,000 - $547,439

8 Beds
4 Baths
-- Sq Ft
0.36 Acres

Last Sold February 26, 2016

Last sale price $230,000

Est. 109% increase in value since last sale

Current estimated payment $3,161/month

28 Days on Market

Highlights

  • 0.36 Acre Lot
  • 1 Fireplace
  • Forced Air Heating System

About This Home

As of February 2016

Hard to find townhouse style 4 unit with a great cash flow!Each unit is identical and hosts 2 bedrooms, 1.5 baths, living room, Kitchen and laundry hook ups in the unit. Each unit is approx. 928 sq feet. All units are currently occupied rents $710, $650, $675, $619 annual income $31,848.

Last Agent to Sell the Property

Will Friend

Five Star Real Estate (Grandv) License #6502401893 Listed on: 12/07/2015

Five Star Real Estate (Grandv)

Last Buyer's Agent

Jon Smith

City2Shore Real Estate Inc. License #6501369013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,716

Year Built

  • Built in 1955

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 80 x 200

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1 Fireplace
  • Basement

Parking

  • 4 Parking Spaces
  • Paved Parking

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,716

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1955
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 80 x 200
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3716.0
  • Tax Info:Zoning3: R-2
  • General Property Info:Total _pound_ Units: 4
  • 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:Slab: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 234900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.36
  • Lot Size Area: 0.36
  • Lot Dimensions: 80 x 200
  • Lot Size Sq Ft: 15681.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3716.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2015
Closed on
Feb 26, 2016
Sold by
Pasma Dean and Pasma Jenifer
Bought by
Mahoney Nathan and Mahoney Cheryl
Seller's Agent
Will Friend
Five Star Real Estate (Grandv)
Buyer's Agent
Jon Smith
City2Shore Real Estate Inc.
List Price
$234,900
Sold Price
$230,000
Premium/Discount to List
-$4,900
-2.09%
Current Estimated Value
$480,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,360
Avg. Annual Appreciation
8.18%
Original Mortgage
$115,000
Outstanding Balance
$90,162
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$395,372

Purchase Details

Closed on
Dec 29, 2012
Sold by
Dtp Properties Llc
Bought by
Pasma Dean and Pasma Dale

Purchase Details

Closed on
Apr 12, 2005
Sold by
Pasma Dean and Pasma Jenifer L
Bought by
Dtp Properties Llc

Purchase Details

Closed on
Aug 26, 2003
Sold by
Vanderlinden Jan and Vanderlinden Kirstie
Bought by
Pasma Dean and Pasma Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 17, 1998
Sold by
Klofta Drew and Klofta Patricia
Bought by
Vanderlinden Jan and Pasma Dean

Purchase Details

Closed on
Oct 4, 1996
Sold by
Rau James and Rau Lois
Bought by
Klofta Drew and Lenartz Robert

Purchase Details

Closed on
Sep 24, 1996
Sold by
Brooks Rodney
Bought by
Langerak Mark E and Pasma Dean

Purchase Details

Closed on
Dec 27, 1990
Sold by
Rau James A and Rau Lois A
Bought by
Langerak Mark E and Langerak Elizabeth

Purchase Details

Closed on
Nov 21, 1990
Sold by
Garvelink Vernon L and Garvelink Dawn M
Bought by
Rau James and Rau Lois

Purchase Details

Closed on
Dec 9, 1988
Sold by
Cheek Gregg R and Cheek Jessica
Bought by
Garvelink Vernon L and Garvelink Dawn M

Purchase Details

Closed on
Nov 17, 1986
Sold by
Scholma Gene Kenneth and Scholma Gene Gerald
Bought by
Cheek Gregg R and Cheek Jessica
Source: Public Records

Range of Values:

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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
Mahoney Nathan $230,000 Chicago Title
Pasma Dean -- None Available
Dtp Properties Llc -- --
Pasma Dean $187,000 Michigan Title Company
Vanderlinden Jan $117,368 Michigan Title Company
Vanderlinden Jan $117,400 --
Klofta Drew -- --
Langerak Mark E -- --
Langerak Mark E $119,200 --
Rau James -- --
Garvelink Vernon L -- --
Cheek Gregg R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahoney Nathan $115,000
Previous Owner Pasma Dale $134,880
Previous Owner Pasma Dean $149,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2016 02/26/16 Sold $230,000 -2.1% --
01/04/2016 01/04/16 Pending -- -- --
12/07/2015 12/07/15 For Sale $234,900 -- --
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 $6,524 $216,200 $0 $0
2024 $6,524 $214,100 $0 $0
2023 $6,574 $204,600 $0 $0
2022 $6,119 $131,500 $0 $0
2021 $5,959 $116,800 $0 $0
2020 $5,573 $132,400 $0 $0
2019 $5,764 $104,500 $0 $0
2018 $5,678 $96,200 $0 $0
2017 $5,546 $76,200 $0 $0
2016 $3,743 $66,500 $0 $0
2015 $3,715 $66,500 $0 $0
2013 -- $62,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15062139

Southwestern Michigan Association of REALTORS®

APN: 41-17-13-131-001