NOT LISTED FOR SALE

2903 Depot St Orleans, MI 48865

Estimated Value: $143,672 - $223,000

-- Bed
-- Bath
-- Sq Ft
0.5 Acres

Last Sold January 10, 2020

Last sale price $60,257

Est. 211% increase in value since last sale

Current estimated payment $1,051/month

1 Day on Market

Highlights

  • 2 Fireplaces
  • Wood Siding
  • Heating System Uses Propane
  • Corner Lot: Yes

About This Home

As of January 2020

AGGRESSIVELY PRICED - CASH TERMS ONLY! Downtown Orleans, Ionia County - 2 buildings, 5 units, currently renting 4...unit #5 is gutted and needing rehab. 4 units currently renting at $2,037 per month including (3) $20 pet fees. Large attached 4+ car pole building/shop currently for personal use but could be additional rental source - has 3 phase power. Utilities set up with 4 separate gas and electric meters - tenants pay electric and gas. 1 well and 1 septic services all units - see county record information on MLS. 48 hours required to show to allow for tenant notification with proof of cash funds available. No for sale sign on site. Excellent ROI - location and improvements that may be needed have been compensated in price.

Last Listed By

Spencer Geisen

Five Star Real Estate (Rock) License #6502-361689 Listed on: 12/18/2019

Five Star Real Estate (Rock)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 198 x 110
  • Corner Lot: Yes
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 2 Fireplaces

Basement

  • Michigan Basement
  • Crawl Space

Parking

  • 8 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Wall Furnace
  • Well
  • Septic Tank
  • Cable TV Available

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Tenant pays for electric, gas

Property Details

Home Type

Multi-Family

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Crawl Space, Michigan Basement, Slab
  • Basement: No

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding
  • List Price: 50000.0
  • Lot Features: Level, Corner Lot
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Other, Composition, Metal
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Wall Furnace
  • Heating: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Connected
  • Water Well: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Dimensions: 198 x 110
  • Lot Size Sq Ft: 21780.0
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 1820.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2019
Closed on
Jan 10, 2020
Sold by
Warner Arnold D and Warner Linda J
Bought by
Ira Services Trust Co
Seller's Agent
Spencer Geisen
Five Star Real Estate (Rock)
Buyer's Agent
Eric Freeman
Solid Rock Real Estate LLC
List Price
$50,000
Sold Price
$60,257
Premium/Discount to List
$10,257
20.51%
Total Days on Market
1
Current Estimated Value
$187,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,911
Avg. Annual Appreciation
22.17%

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
Ira Services Trust Co $60,257 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $60,257 +20.5% --
12/19/2019 12/19/19 Pending -- -- --
12/18/2019 12/18/19 For Sale $50,000 -- --
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 $685 $67,400 $8,600 $58,800
2023 $653 $58,400 $7,800 $50,600
2022 $622 $58,400 $7,800 $50,600
2021 $2,600 $47,000 $7,800 $39,200
2020 $428 $47,000 $7,800 $39,200
2019 $399 $45,500 $7,800 $37,700
2018 $1,779 $43,400 $7,800 $35,600
2017 $402 $43,400 $7,800 $35,600
2016 $399 $42,400 $7,800 $34,600
2015 -- $42,400 $7,800 $34,600
2014 -- $42,800 $13,100 $29,700
Source: Public Records

Agents Affiliated with this Home

  • Spencer Geisen

    Seller's Agent in 2020

    Spencer Geisen

    Five Star Real Estate (Rock)

    (616) 490-1555

    217 Total Sales

    Spencer Geisen
    Section Image

  • E

    Buyer's Agent in 2020

    Eric Freeman

    Solid Rock Real Estate LLC

    (616) 667-2715

    48 Total Sales

    Eric Freeman
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19058380

Southwestern Michigan Association of REALTORS®

APN: 120-150-000-130-00

Michigan Ionia County Orleans 48865

2903 Depot St, Orleans, MI

Homes for Sale in Orleans, MI

This home is located at 2903 Depot St, Orleans, MI 48865 since 18 December 2019 and is currently estimated at $187,168. This property was built in 1900. 2903 Depot St is a home located in Ionia County with nearby schools including Ellis Elementary School, Woodview Elementary School, and Belding Middle 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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