NOT LISTED FOR SALE

282 N Hudson St Coldwater, MI 49036

Estimated Value: $388,969

-- Bed
-- Bath
-- Sq Ft
0.86 Acres

Last Sold April 20, 2012

Last sale price $164,500

Est. 136% increase in value since last sale

Current estimated payment $2,509/month

99 Days on Market

Highlights

  • 3 Fireplaces
  • Forced Air Heating System
  • High Speed Internet
  • Corner Lot: Yes

About This Home

As of April 2012

Excellent income opportunity for investors. 3 Duplexes all 2 bedrooms, 1 bath, laundry hook-up, back patio and ample parking for tenants. Two units rent for $500/month, 2 units rent for $475. and 2 units rent for $450. they are all currently rented & tenants pay all unilities.

Last Agent to Sell the Property

David Pope

Heritage Realty, Inc. License #6501278561 Listed on: 12/01/2011

Last Buyer's Agent

Brian George

Case Realty Group License #6502382052

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,265

Year Built

  • Built in 1998

Lot Details

  • 0.86 Acre Lot
  • Lot Dimensions are 192 x 195
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3 Fireplaces
  • Crawl Space

Parking

  • 18 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,265

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1998
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:Lot Dimensions: 192 x 195
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 1.0
  • General Property Info:Total _pound_ Units: 6
  • General Property Info:Total _pound_ Bldgs: 3.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: 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
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 3
  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 169000.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 3
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 18.0
  • General Property Info:Total Parking Spaces: 18.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Storm Sewer Available, Public Water Available, Public Sewer Available, Broadband Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.86
  • Lot Size Area: 0.86
  • Lot Dimensions: 192 x 195
  • Lot Size Sq Ft: 37440.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 1.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2011
Closed on
Apr 20, 2012
Sold by
Jmk Group Llc and Klein Jonathan M
Bought by
C Moore Properties Llc
Seller's Agent
David Pope
Heritage Realty, Inc.
Buyer's Agent
Brian George
Case Realty Group
List Price
$169,000
Sold Price
$164,500
Premium/Discount to List
-$4,500
-2.66%
Current Estimated Value
$388,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,469
Avg. Annual Appreciation
6.60%
Original Mortgage
$139,825
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 2008
Sold by
Chemical Bank Shoreline and Montross Mark A
Bought by
Jmk Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
5.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 20, 2008
Sold by
Kbbm Properties Llc
Bought by
Chemical Bank Shoreline

Purchase Details

Closed on
Jul 8, 2004
Sold by
Casual Living Llc
Bought by
Kbbm 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
$335,000
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 1997
Bought by
Pansophia

Purchase Details

Closed on
Jun 12, 1997
Bought by
Casual Living L.L.C.
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
C Moore Properties Llc $164,500 Branch County Abstract & Tit
Jmk Group Llc $170,000 Branch County Abstract & Tit
Chemical Bank Shoreline $279,741 None Available
Kbbm Properties Llc $475,000 Branch County Abstract & Tit
Pansophia $203,500 --
Casual Living L.L.C. $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed C Moore Properties Llc $139,825
Previous Owner Jmk Group Llc $170,000
Previous Owner Kbbm Properties Llc $335,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2012 04/20/12 Sold $164,500 -2.7% --
03/09/2012 03/09/12 Pending -- -- --
12/01/2011 12/01/11 For Sale $169,000 -- --
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 $5,265 $307,750 $0 $0
2024 $4,967 $238,000 $0 $0
2023 $3,921 $291,700 $0 $0
2022 $4,967 $199,650 $0 $0
2021 $4,858 $135,600 $0 $0
2020 -- $113,400 $0 $0
2019 -- $96,050 $0 $0
2018 -- $79,750 $0 $0
2017 -- $80,150 $0 $0
2016 -- $81,650 $0 $0
2015 -- $72,750 $0 $0
2014 -- $69,750 $0 $0
2013 -- $72,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 11062921

Southwestern Michigan Association of REALTORS®

APN: 302-000-000-206-00