NOT LISTED FOR SALE

Estimated Value: $1,027,416

-- Bed
-- Bath
-- Sq Ft
2.92 Acres

Last Sold January 31, 2018

Last sale price $535,000

Est. 92% increase in value since last sale

Current estimated payment $7,117/month

4 Days on Market

Highlights

  • 2.92 Acre Lot
  • Window Unit Cooling System
  • High Speed Internet
  • Corner Lot: Yes
  • Laundry Facilities
  • Heating System Uses Natural Gas

About This Home

As of January 2018

Brick building with 11-unit on large lot located within walking distance from everything. All units are two bedrooms and one bathroom. Each unit provided with a stove, refrigerator and window air conditioner. Three garden level units and eight units with sliders to balconies. Separate coin laundry room is on the premise. Owner has installed all new windows, roof is 3-4 years old and all smoke detectors are hard wired.

Last Agent to Sell the Property

Vicky Watson

RE/MAX SunQuest Realty Listed on: 01/12/2018

Co-Listed By

Gene Zimpleman

RE/MAX SunQuest Realty

Last Buyer's Agent

Eric Knoll

Five Star Real Estate (Grandv)

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,779

Year Built

  • Built in 1968

Lot Details

  • 2.92 Acre Lot
  • Lot Dimensions are 127' x 259'
  • Corner Lot: Yes

Parking

  • 22 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Window Unit Heating System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Building Details

  • Insurance Expense $2,812
  • Utility Expense $9,176
  • Gross Income $77,700
  • Net Operating Income $55,933

Additional Features

  • 11 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,779

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1968
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 127' x 259'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 9778.53
  • Tax Info:Zoning3: 201 Commercial
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 11
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: 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
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Heat Type:Radiant: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 525000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 22.0
  • General Property Info:Total Parking Spaces: 22.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Radiant
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 2.92
  • Lot Size Area: 2.92
  • Lot Size Sq Ft: 127259.0
  • Zoning Description: 201 Commercial
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 77700.0
  • Insurance Expense: 2812.0
  • Net Operating Income: 55933.0
  • Number of Units Total: 11

Tax Info

  • Tax Annual Amount: 9778.53
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2018
Closed on
Jan 31, 2018
Sold by
Paulsen Darryl and Paulsen Lynn
Bought by
2 Js Enterprises Llc
Seller's Agent
Vicky Watson
RE/MAX SunQuest Realty
Buyer's Agent
Eric Knoll
Five Star Real Estate (Grandv)
List Price
$525,000
Sold Price
$535,000
Premium/Discount to List
$10,000
1.9%
Current Estimated Value
$1,027,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$492,416
Avg. Annual Appreciation
8.30%

Purchase Details

Closed on
Jun 27, 2003
Sold by
Zylstra John G and Zylstra Betty J
Bought by
Paulsen Darryl and Paulsen Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
6.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 1997
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2 Js Enterprises Llc -- Chicago Title Of Michigan In
Paulsen Darryl $410,000 Huntington Title Svcs Inc
-- $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 2 J S Enterprises Llc $240,000
Previous Owner Paulsen Darryl $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2018 01/31/18 Sold $535,000 +1.9% --
01/16/2018 01/16/18 Pending -- -- --
01/12/2018 01/12/18 For Sale $525,000 -- --
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 $18,349 $394,800 $0 $0
2024 $18,349 $340,400 $0 $0
2023 $17,537 $335,800 $0 $0
2022 $17,209 $325,300 $0 $0
2021 $16,759 $285,600 $0 $0
2020 $16,266 $292,300 $0 $0
2019 $16,839 $287,100 $0 $0
2018 $9,478 $254,400 $0 $0
2017 $9,257 $198,700 $0 $0
2016 $9,009 $164,000 $0 $0
2015 $8,942 $164,000 $0 $0
2013 -- $150,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18001303

Southwestern Michigan Association of REALTORS®

APN: 41-17-15-103-022