NOT LISTED FOR SALE

287 S Third Ave Fruitport Vlg, MI 49415

Estimated Value: $1,895,838

-- Bed
3 Baths
-- Sq Ft
1.67 Acres

Last Sold March 11, 2022

Last sale price $1,585,000

Est. 20% increase in value since last sale

Current estimated payment $13,541/month

214 Days on Market

Highlights

  • Private Waterfront
  • Community Lake
  • Corner Lot: Yes
  • Property fronts a channel
  • 2 Fireplaces
  • Window Unit Cooling System

About This Home

As of March 2022

Here's your chance to own and invest in an established income property situated on over 200ft of Spring Lake frontage! Located in close proximity to Pomona Park and just a short stroll away from Village restaurants, this beautiful compound is booming with even further potential. Currently used for long-term rental income, this property offers SEVEN units (not including the waterfront owner's suite) + 7 garages and an amazing 24'x72' pole barn. The 3 bedroom, 2.5 bath owner's suite has been updated with floor to ceiling windows and a beautiful 3-season room that allows you to enjoy the panoramic views from the comfort of your home all year round. Short-term rentals allowed, consider converting to condos, and/or possible future splits available. This property is the perfect opportunity for the creative investor. Call for details.

Last Agent to Sell the Property

Traci Gresham

Five Star Real Estate-Holland License #6506048298 Listed on: 06/18/2021

Co-Listed By

Megan Sharp

Five Star Real Estate

Last Buyer's Agent

Rachael Fountain

Five Star Real Estate (M6) License #6501416218

Five Star Real Estate (M6)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,205

Year Built

  • Built in 1970

Lot Details

  • 1.67 Acre Lot
  • Lot Dimensions are 288x206.5x318
  • Property fronts a channel
  • Private Waterfront
  • 206 Feet of Waterfront
  • Corner Lot: Yes

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2 Fireplaces
  • Water Views

Parking

  • 18 Car Garage
  • Driveway

Outdoor Features

  • Water Access
  • No Wake Zone

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Window Unit Heating System
  • Septic System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Community Lake

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,205

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 1890000.0
  • Lot Features: Corner Lot
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Spring Lake
  • Waterfront Features: Waterfront
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 18.0
  • General Property Info:Total Parking Spaces: 18.0
  • Extras:Garages: Yes

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Radiant, Electric
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Phone Available, Storm Sewer Available, Public Water Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Natural Gas Connected, Electric Connected, Cable Connected

Condo/Co-op/Association

  • Community Features: Lake

Association/Amenities

  • Water Fea Amenities:All Sports: Yes
  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:Public Access 1 Mile or Less: Yes
  • Water Fea Amenities:View: Yes
  • Water Fea Amenities:No Wake: Yes
  • Water Fea Amenities:Channel: Yes

Lot Info

  • Lot Size Acres: 1.67
  • Lot Size Area: 1.67
  • Lot Dimensions: 288x206.5x318
  • Lot Size Sq Ft: 72921.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 9205.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2021
Closed on
Mar 11, 2022
Sold by
Brewster George P and Brewster Mary M
Bought by
Vrgetaways Llc
Seller's Agent
Traci Gresham
Five Star Real Estate-Holland
Buyer's Agent
Rachael Fountain
Five Star Real Estate (M6)
List Price
$1,890,000
Sold Price
$1,585,000
Premium/Discount to List
-$305,000
-16.14%
Total Days on Market
214
Current Estimated Value
$1,895,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,838
Avg. Annual Appreciation
5.70%
Original Mortgage
$1,181,250
Outstanding Balance
$1,112,697
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$783,141

Purchase Details

Closed on
Jun 22, 2020
Sold by
Brewster George P and Brewster Mary M
Bought by
Brewster George P and Brewster Mary M

Purchase Details

Closed on
Jul 7, 2008
Sold by
George & Margaret Brewster Co Llc
Bought by
Brewster George P and Brewster Mary M
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
Vrgetaways Llc -- First American Title
Vrgetaways Llc -- First American Title
Brewster George P -- None Available
Brewster George P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vrgetaways Llc $100,000
Open Vrgetaways Llc $1,181,250
Closed Vrgetaways Llc $1,181,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2022 03/11/22 Sold $1,585,000 -16.1% --
01/18/2022 01/18/22 Pending -- -- --
06/18/2021 06/18/21 For Sale $1,890,000 -- --
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
2024 $34,779 $716,900 $0 $0
2023 $33,022 $678,500 $0 $0
2022 $11,704 $615,200 $0 $0
2021 $10,974 $526,700 $0 $0
2020 $10,930 $503,200 $0 $0
2019 $10,644 $497,500 $0 $0
2018 $10,083 $477,000 $0 $0
2017 $9,875 $477,200 $0 $0
2016 $7,391 $516,800 $0 $0
2015 -- $507,900 $0 $0
2014 -- $510,500 $0 $0
2013 -- $385,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Traci Gresham

    Seller's Agent in 2022

    Traci Gresham

    Five Star Real Estate-Holland

    (616) 268-9900

    8 in this area

    91 Total Sales

    Traci Gresham
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Megan Sharp

    Five Star Real Estate

    (616) 414-4664

    7 in this area

    136 Total Sales

    Megan Sharp
    Section Image
  • Rachael Fountain

    Buyer's Agent in 2022

    Rachael Fountain

    Five Star Real Estate (M6)

    (616) 881-9668

    2 in this area

    83 Total Sales

    Rachael Fountain
    Section Image
  • Steve Volkers

    Buyer Co-Listing Agent in 2022

    Steve Volkers

    Five Star Real Estate (M6)

    (616) 717-2179

    2 in this area

    202 Total Sales

    Steve Volkers
    Section Image

  • S

    Buyer Co-Listing Agent in 2022

    Steven Volkers

    SVG Real Estate Firm - I

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21023348

Southwestern Michigan Association of REALTORS®

APN: 41-400-000-0001-00

Michigan Muskegon County Fruitport 49415

287 S Third Ave, Fruitport, MI

This home is located at 287 S Third Ave, Fruitport Vlg, MI 49415 since 18 June 2021 and is currently estimated at $1,895,838. This property was built in 1970. 287 S Third Ave is a home located in Muskegon County with nearby schools including Fruitport High School and St. Mary's 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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