$126,000
SOLD FEB 28, 2025

308 E Division St Dowagiac, MI 49047

-- Bed
-- Bath
-- Sq Ft
9,785 Sq Ft Lot

Recently Sold

6% Below List Price

7 Days on Market

About This Home

As of February 2025

5-UNIT APARTMENT HOUSE with many updates. Separately metered. Tenants pay electric, gas, water/sewer. A great investment! Units 1, 2, 3 & 4 are 1-bedroom: Unit 1 ($500), Unit 2 ($600), Unit 3 ($500), Unit 4 ($650). Unit 5 is 2-bedrooms ($650). Call for complete details.

Last Agent to Sell the Property

Phil Medo

Core Real Estate, Inc. License #6506016627 Listed on: 02/17/2025

Last Buyer's Agent

Renee Meiser

Cressy & Everett Real Estate License #6501424792

Cressy & Everett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,086

Year Built

  • Built in 1900

Lot Details

  • 9,785 Sq Ft Lot
  • Lot Dimensions are 66 x 148
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Michigan Basement

Parking

  • 5 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Separate Water Meter
  • Shared Water Meter

Community Details

  • 5 Units

Listing and Financial Details

  • Tenant pays for electric, water, sewer, gas
  • The owner pays for trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,086

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66 x 148
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 5
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Lot Description:Corner Lot: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Driveway:Shared Unpaved: Yes
  • Extras:Sep Water Meter: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 134000.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Dimensions: 66 x 148
  • Lot Size Sq Ft: 9785.0

Rental Info

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

Multi Family

  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 2086.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2025
Closed on
Feb 28, 2025
Sold by
Remods Llc
Bought by
Homestead Investments Llc
Seller's Agent
Phil Medo
Core Real Estate, Inc.
Buyer's Agent
Renee Meiser
Cressy & Everett Real Estate
List Price
$134,000
Sold Price
$126,000
Premium/Discount to List
-$8,000
-5.97%
Views
6
Current Estimated Value
$139,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,522
Avg. Annual Appreciation
12.58%
Original Mortgage
$165,000
Outstanding Balance
$162,672
Interest Rate
1.1%
Mortgage Type
New Conventional
Estimated Equity
-$23,150

Purchase Details

Listed on
Oct 23, 2017
Closed on
Feb 6, 2018
Sold by
Home Services And Repair Llc
Bought by
Remods Llc
Seller's Agent
Jennifer Inman
Red Shoe Realty
Buyer's Agent
Phil Medo
Core Real Estate, Inc.
List Price
$62,000
Sold Price
$57,000
Premium/Discount to List
-$5,000
-8.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.87%

Purchase Details

Listed on
Dec 23, 2011
Closed on
Jun 24, 2013
Sold by
Chemical Bank
Bought by
Home Services & Repair Llc
Seller's Agent
Steven Kulich
Michigan Lake & Land LLC
Buyer's Agent
Jennifer Inman
Red Shoe Realty
List Price
$49,900
Sold Price
$33,000
Premium/Discount to List
-$16,900
-33.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.56%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Chicago Title
Warranty Deed -- First American Title
Deed $33,000 Cfc Title Services Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $165,000 New Conventional
Closed $0 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2025 02/28/25 Sold $126,000 -6.0% --
02/17/2025 02/17/25 For Sale $134,000 +135.1% --
02/06/2018 02/06/18 Sold $57,000 -8.1% -- View Prior Sale
01/09/2018 01/09/18 Pending -- -- --
10/23/2017 10/23/17 For Sale $62,000 +87.9% --
06/24/2013 06/24/13 Sold $33,000 -33.9% -- View Prior Sale
05/15/2013 05/15/13 Pending -- -- --
12/23/2011 12/23/11 For Sale $49,900 -- --
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 $2,467 $54,200 $54,200 $0
2024 $1,019 $51,100 $51,100 $0
2023 $2,043 $42,900 $0 $0
2022 $892 $36,700 $0 $0
2021 $2,451 $32,100 $0 $0
2020 $857 $30,000 $0 $0
2019 $2,804 $38,000 $0 $0
2018 $981 $35,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 25005828

MichRIC

APN: 14-160-300-905-01