NOT LISTED FOR SALE

307 E Main St Ionia, MI 48846

Estimated Value: $205,000 - $311,000

8 Beds
4 Baths
2,661 Sq Ft
$91/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $140,000 $53 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,551/month

11 Days on Market

About This Home

As of April 2020

Wonderful 3 unit complex on E. Main st. Beautiful front entry foyer that leads to all 3 units. Main floor unit features 2 bedrooms, large living room, kitchen, dining room and bath. Washer/dryer hook-up.Also has a side porch and back entrance to parking. The second floor also has 2 bedrooms, living room and eat in kitchen. lots of storage and a deck off the back. Washer/dryer hook up. Upper unit is one
bedroom with access both in front and back, All units feature hardwood trim and lots of character. All utilities are separate. There are 3 parking spots in back of house for tenants use and off street parking available. This would be a great owner occupied. All units are currently leased. Lower is month to month, and other are year leases. Call for your private showing today.

Last Agent to Sell the Property

Maria Blackmer

Live Local Realty License #6502374234 Listed on: 03/02/2020

Last Buyer's Agent

Maria Blackmer

Live Local Realty License #6502374234 Listed on: 03/02/2020

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 5,009 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • Metal Roof

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

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

Exterior Features

  • List Price: 159900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Natural Gas, Wall Furnace, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5009.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3527.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2020
Closed on
Apr 24, 2020
Sold by
Kauffman and Vance
Bought by
Fisher Andrew
Seller's Agent
Maria Blackmer
Live Local Realty
Buyer's Agent
Maria Blackmer
Live Local Realty
List Price
$159,900
Sold Price
$140,000
Premium/Discount to List
-$19,900
-12.45%
Current Estimated Value
$243,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,395
Avg. Annual Appreciation
10.13%
Original Mortgage
$137,464
Outstanding Balance
$122,232
Interest Rate
3.6%
Mortgage Type
Construction
Estimated Equity
$121,163

Purchase Details

Listed on
Apr 20, 2018
Closed on
Jun 29, 2018
Sold by
Carval Properties Llc
Bought by
Kauffman Vance and Kauffman Tracy
Seller's Agent
James Seymour
Coldwell Banker Professionals
Buyer's Agent
Maria Blackmer
Live Local Realty
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.42%

Purchase Details

Closed on
May 18, 2004
Sold by
Cardenas Zenon and Cardenas Maria
Bought by
Carval 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
$67,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2004
Sold by
First Financial Bank
Bought by
Cardenas Zenon

Purchase Details

Closed on
Feb 22, 1995
Bought by
Carval Properties Llc
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
Fisher Andrew $140,000 --
Kauffman Vance $125,000 --
Carval Properties Llc -- Chicago Title Insurance Comp
Cardenas Zenon $42,000 --
Carval Properties Llc $38,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fisher Andrew $137,464
Previous Owner Carval Properties Llc $67,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/24/2020 04/24/20 Sold $140,000 -12.4% $53 / Sq Ft
03/13/2020 03/13/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $159,900 +27.9% $60 / Sq Ft
06/29/2018 06/29/18 Sold $125,000 -7.4% $47 / Sq Ft View Prior Sale
06/11/2018 06/11/18 Pending -- -- --
04/20/2018 04/20/18 For Sale $135,000 -- $51 / Sq Ft
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 $3,340 $77,100 $10,200 $66,900
2024 $32 $77,100 $10,200 $66,900
2023 $3,005 $64,600 $7,500 $57,100
2022 $2,862 $60,100 $6,600 $53,500
2021 $2,946 $55,100 $6,600 $48,500
2020 $3,332 $55,100 $6,600 $48,500
2019 $2,352 $62,100 $5,500 $56,600
2018 $2,679 $57,500 $4,900 $52,600
2017 $2,324 $57,500 $4,900 $52,600
2016 $2,352 $49,600 $2,500 $47,100
2015 -- $49,600 $2,500 $47,100
2014 $2,631 $45,600 $3,600 $42,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 19049273

MichRIC

APN: 204-150-000-115-00