NOT LISTED FOR SALE

302 E Michigan St Reading, MI 49274

Estimated Value: $147,000 - $202,329

3 Beds
3 Baths
-- Sq Ft
1.5 Acres

Last Sold August 13, 2020

Last sale price $74,900

Est. 141% increase in value since last sale

Current estimated payment $1,049/month

7 Days on Market

About This Home

As of August 2020

Investors take a look at this 4 unit! Currently 3 out of the 4 are rented. Two renters have been there over 10 years & would love to continue to rent. Possible $1,700 income. Renters pay Water, garage, Sewer. Great parking for all. Four furnaces, four hot water heaters, and four consumers electric meters.

Last Agent to Sell the Property

Mary Playford

Playford Real Estate Listed on: 08/03/2020

Last Buyer's Agent

Alison Plaisier

Cressy & Everett Real Estate License #6506047750

Cressy & Everett Real Estate

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 1.5

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 1.5 Acre Lot

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

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

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 74900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 1.5
  • Lot Size Area: 1.5
  • Lot Size Sq Ft: 65340.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2062.57
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Aug 13, 2020
Sold by
Dobson Michelle and Fry Michelle
Bought by
Mck Enterprises Llc
Seller's Agent
Mary Playford
Playford Real Estate
Buyer's Agent
Alison Plaisier
Cressy & Everett Real Estate
List Price
$74,900
Sold Price
$74,900
Current Estimated Value
$180,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,932
Avg. Annual Appreciation
17.80%

Purchase Details

Listed on
Nov 30, 2015
Closed on
Feb 19, 2016
Sold by
Gibler Michael L
Bought by
Fry Michelle
Seller's Agent
Don Helton
Coldwell Banker Groves Real Estate
Buyer's Agent
Jim Borden
Real Estate Elite Team
List Price
$79,900
Sold Price
$69,900
Premium/Discount to List
-$10,000
-12.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.55%
Original Mortgage
$52,425
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2012
Sold by
Dunn Arlie D and Dunn Renee J
Bought by
Gibler Michael L

Purchase Details

Closed on
Dec 12, 2005
Sold by
Gibler Michael L and Gibler Teresa E
Bought by
Dunn Arlie D and Dunn Renee J

Purchase Details

Closed on
Dec 30, 1998
Sold by
Jenkins Richard J and Jenkins Sondra J
Bought by
Gibler Michael L and Gibler Teresa E

Purchase Details

Closed on
Jun 7, 1995
Sold by
Dunnbier Frederick
Bought by
Jenkins Richard J and Jenkins Sondra J

Purchase Details

Closed on
Jun 14, 1991
Sold by
Stewart Don E and Stewart Cynthia A
Bought by
Dunnbier Frederick
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mck Enterprises Llc $74,900 Public Title Company
Fry Michelle $69,900 Attorney
Gibler Michael L -- None Available
Dunn Arlie D -- --
Gibler Michael L $67,000 --
Jenkins Richard J $43,500 --
Dunnbier Frederick $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fry Michelle $52,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/13/2020 08/13/20 Sold $74,900 0.0% --
08/10/2020 08/10/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $74,900 +7.2% --
02/19/2016 02/19/16 Sold $69,900 -12.5% -- View Prior Sale
12/18/2015 12/18/15 Pending -- -- --
11/30/2015 11/30/15 For Sale $79,900 -- --
Source: MichRIC

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 $1,222 $76,700 $0 $0
2024 $1,192 $74,400 $0 $0
2023 $1,139 $56,500 $0 $0
2022 $2,554 $46,800 $0 $0
2021 $2,485 $44,700 $0 $0
2020 $2,166 $39,400 $0 $0
2019 $2,111 $37,900 $0 $0
2018 $2,045 $38,400 $0 $0
2017 $1,990 $36,400 $0 $0
2016 $1,659 $36,100 $0 $0
2015 $711 $36,100 $0 $0
2013 $688 $29,310 $0 $0
2012 $707 $30,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Playford

    Seller's Agent in 2020

    Mary Playford

    Playford Real Estate

    (517) 610-1341

    155 Total Sales

    Mary Playford
    Section Image
  • Alison Plaisier

    Buyer's Agent in 2020

    Alison Plaisier

    Cressy & Everett Real Estate

    (269) 999-0070

    98 Total Sales

    Alison Plaisier
    Section Image

  • D

    Seller's Agent in 2016

    Don Helton

    Coldwell Banker Groves Real Estate

  • Jim Borden

    Buyer's Agent in 2016

    Jim Borden

    Real Estate Elite Team

    (517) 279-8885

    156 Total Sales

    Jim Borden
    Section Image
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Map

Source: MichRIC

MLS Number: 20000813

MichRIC

APN: 20-110-002-137-23-7-4

Michigan Hillsdale County Reading 49274

302 E Michigan St, Reading, MI

Not Listed for Sale

MultiFamily

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