NOT LISTED FOR SALE

313 E Washington St Ionia, MI 48846

Estimated Value: $219,000 - $307,000

4 Beds
3 Baths
2,500 Sq Ft
$110/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $178,000 $71 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $1,801/month

1 Day on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 4-minute walk to Perry Park

About This Home

As of August 2022

Welcome investors. This 4 apartment building is now for sale. Each apartment is 1 bedroom, 1 bathroom and includes refrigerator and stoves. 2 apartments are main level and the other 2 are upper. Plenty of parking for 4 vehicles behind the building. Street parking is also allowed. Just 2 blocks from downtown Ionia. You can walk to work, parks, downtown shopping and events. There is a full basement to use as storage as you like. There are no washer/dryers in the building. Call today for more information

Last Agent to Sell the Property

Maria Blackmer

Live Local Realty License #6502374234 Listed on: 08/16/2022

Last Buyer's Agent

Shelley Donnelly

RE/MAX Lakeshore License #6501365042

RE/MAX Lakeshore

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,052

Year Built

  • Built in 1920

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 60x132

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Gravel Driveway

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,052

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2052.0
  • Tax Info:Zoning3: R-1
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Gravel: Yes
  • Roofing:Metal: Yes
  • Extras:Sep Gas 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
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 199900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available, Storm Sewer

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Dimensions: 60x132
  • Lot Size Sq Ft: 7841.0
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2052.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2022
Closed on
Sep 2, 2022
Sold by
Pacella Angelo J
Bought by
Bechtel Maya K
Seller's Agent
Maria Blackmer
Live Local Realty
Buyer's Agent
Shelley Donnelly
RE/MAX Lakeshore
List Price
$199,900
Sold Price
$178,000
Premium/Discount to List
-$21,900
-10.96%
Current Estimated Value
$273,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,886
Avg. Annual Appreciation
13.60%

Purchase Details

Closed on
Oct 7, 2005
Sold by
Johnson Mark and Johnson Agnes
Bought by
Pacella Angelo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,930
Interest Rate
5.83%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 25, 2003
Sold by
Matrix Investments Llc
Bought by
Johnson Mark and Johnson Agnes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bechtel Maya K $178,000 --
Pacella Angelo J $119,900 Chicago Title
Johnson Mark -- Metropolitan Title Company
Matrix Investments Llc -- Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pacella Angelo J $83,930
Previous Owner Pacella Angelo J $23,980
Previous Owner Matrix Investments Llc $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2022 08/30/22 Sold $178,000 -11.0% $71 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
08/16/2022 08/16/22 For Sale $199,900 -- $80 / 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 $4,424 $86,600 $12,100 $74,500
2024 $42 $86,600 $12,100 $74,500
2023 $4,016 $60,200 $8,900 $51,300
2022 $1,957 $58,300 $7,900 $50,400
2021 $1,997 $49,000 $7,900 $41,100
2020 $1,887 $49,000 $7,900 $41,100
2019 $1,687 $47,200 $6,500 $40,700
2018 $1,922 $41,100 $5,800 $35,300
2017 $1,667 $41,100 $5,800 $35,300
2016 $1,687 $33,000 $5,000 $28,000
2015 -- $33,000 $5,000 $28,000
2014 $2,650 $47,000 $6,200 $40,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22035138

MichRIC

APN: 204-220-000-090-00