NOT LISTED FOR SALE

311 Rice St Ionia, MI 48846

Estimated Value: $149,000 - $174,293

4 Beds
2 Baths
1,272 Sq Ft
$129/Sq Ft Est. Value

Last Sold August 26, 2020

Last sale price $109,800 $86 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,056/month

19 Days on Market

Highlights

  • Cooling Available
  • High Speed Internet
  • 1-minute walk to McCann Park
  • Forced Air Heating System

About This Home

As of August 2020

Two family home with new windows, split utilities, fully rented. 311 - is a 3 bedroom unit. All bedrooms are located on the upper level. Spacious kitchen and main floor laundry. 311 1/2 is a one bedroom main level unit. Cute & cozy. Garage. Located across the street from the park and the elementary school is a block away. All photos are of unit 311. Photos or the other unit coming soon

Last Agent to Sell the Property

Laura Hayden

Home Quest Realty License #6502138463 Listed on: 06/19/2020

Last Buyer's Agent

Julie Oneill

616 Realty LLC License #6506048942

616 Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,984

Year Built

  • Built in 1940

Lot Details

  • 8,514

Parking

  • 2 Parking Spaces

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Window Unit Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 8,514 Sq Ft Lot

Community Details

  • 2 Units
  • Insurance Expense $800

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,984

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 124900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8514.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 800.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1984.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2020
Closed on
Aug 26, 2020
Sold by
Delinsky and Sandra
Bought by
Sullivan Michael
Seller's Agent
Laura Hayden
Home Quest Realty
Buyer's Agent
Julie Oneill
616 Realty LLC
List Price
$124,900
Sold Price
$109,800
Premium/Discount to List
-$15,100
-12.09%
Current Estimated Value
$163,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,023
Avg. Annual Appreciation
8.30%
Original Mortgage
$104,310
Outstanding Balance
$93,359
Interest Rate
3%
Mortgage Type
Construction
Estimated Equity
$68,635

Purchase Details

Closed on
Feb 4, 1993
Bought by
Stone, Chas & Rochelle Trust
Source: Public Records

Range of Values:

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Average Value
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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
Sullivan Michael $109,800 --
Stone, Chas & Rochelle Trust $13,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Michael $104,310
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2020 08/26/20 Sold $109,800 -12.1% $86 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
06/19/2020 06/19/20 For Sale $124,900 -- $98 / Sq Ft
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 $1,824 $63,800 $12,200 $51,600
2024 $1,697 $63,800 $12,200 $51,600
2023 $1,619 $45,000 $9,000 $36,000
2022 $1,542 $40,300 $7,900 $32,400
2021 $1,608 $34,500 $7,900 $26,600
2020 $1,917 $34,500 $7,900 $26,600
2019 $1,118 $34,500 $6,600 $27,900
2018 $1,273 $29,800 $5,800 $24,000
2017 $1,105 $29,800 $5,800 $24,000
2016 $1,118 $30,500 $5,000 $25,500
2015 -- $30,500 $5,000 $25,500
2014 $966 $29,000 $6,200 $22,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20022851

Southwestern Michigan Association of REALTORS®

APN: 202-170-000-485-00