Seller's Agent in 2018
Susan Glatz
Silvernail Realty
(231) 598-1950
77 in this area
78 Total Sales
307 Ives Ave Big Rapids, MI 49307
Estimated Value: $210,000 - $296,000
5
Beds
3
Baths
--
Sq Ft
0.29
Acres
Highlights
- Corner Lot: Yes
- Forced Air Heating System
- High Speed Internet
About This Home
As of March 2018Great location for an investment property! Beautiful large corner lot, and within walking distance of FSU, Spectrum Health Hospital or Downtown. Hardwood floors and large rooms make this one easy to rent out. It is currently rented for the 2017-2018 school year, and it consistently shows good rental income of over $2300 per month year round. There has never been a problem getting the apartments rented in this charming triplex! Call today for a tour!
Last Agent to Sell the Property
Silvernail Realty License #6504155347 Listed on: 10/31/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,244
Year Built
- Built in 1890
Lot Details
- 0.29 Acre Lot
- Lot Dimensions are 100 x 125
- Corner Lot: Yes
Parking
- 5 Parking Spaces
Home Design
- Composition Roof
- Vinyl Siding
Basement
- Partial Basement
- Crawl Space
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- The owner pays for water, sewer, gas
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $1,000
- Maintenance Expense $3,192
- Manager Expense $3,192
- Utility Expense $3,871
- Operating Expense $14,438
- Gross Income $26,600
- Net Operating Income $12,162
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 16, 2021
Sold by
K & M Big Rapids Llc
Bought by
616 Property Holdings Llc
Current Estimated Value
Purchase Details
Listed on
Oct 31, 2017
Closed on
Mar 20, 2018
Sold by
Mays Kevin
Bought by
K & M Big Rapids Llc
Seller's Agent
Susan Glatz
Silvernail Realty
Buyer's Agent
Matt Clouse
Weichert REALTORS Plat (Main)
List Price
$149,000
Sold Price
$131,000
Premium/Discount to List
-$18,000
-12.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.41%
Original Mortgage
$97,500
Interest Rate
4.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 20, 2007
Sold by
Sahom Hisham and The Hisham Sahom Trust
Bought by
Lirones Theodore J and Lirones Debra M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,836
Interest Rate
6.77%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 616 Property Holdings Llc | $159,000 | Next Door Title Agency | |
| K & M Big Rapids Llc | -- | None Available | |
| Mays Kevin | $131,000 | Bell Title Agency | |
| Lirones Theodore J | $122,448 | Mecosta County Abstract & Ti |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mays Kevin | $97,500 | |
| Previous Owner | Lirones Theodore J | $91,836 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2018 03/20/18 | Sold | $131,000 | -12.1% | -- |
| 01/23/2018 01/23/18 | Pending | -- | -- | -- |
| 10/31/2017 10/31/17 | For Sale | $149,000 | -- | -- |
Source: MichRIC
Tax History Compared to Growth
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 | $4,496 | $106,900 | $0 | $0 |
| 2024 | -- | $96,300 | $0 | $0 |
| 2023 | -- | $88,600 | $0 | $0 |
| 2022 | $4,379 | $72,900 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Glatz
-
Matt Clouse
M
Buyer's Agent in 2018
Matt Clouse
Weichert REALTORS Plat (Main)
(517) 648-0341
1 in this area
13 Total Sales
Map
Source: MichRIC
MLS Number: 17054122
APN: 5417-014-133-001
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