NOT LISTED FOR SALE

313 W Superior St Wayland, MI 49348

Estimated Value: $241,000 - $293,000

5 Beds
3 Baths
-- Sq Ft
0.81 Acres

Last Sold June 24, 2019

Last sale price $267,000

Est. 2% increase in value since last sale

Current estimated payment $1,766/month

82 Days on Market

About This Home

As of June 2019

Great opportunity for 6 rental units in Wayland City. Gross rents of $4030 per month plus an extra $30-40/week for Laundry. tenants pay their gas and electric, Seller pays garbage, water and sewer. Great cash flow in a great area.

Last Listed By

Brett Sloan

JBS Realty Group License #6502413882 Listed on: 02/05/2019

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1875

Lot Details

  • 0.81 Acre Lot

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement
  • Crawl Space

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Insurance Expense $2,414
  • Gross Income $48,360

Property Details

Home Type

Apartment

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 299900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.81
  • Lot Size Area: 0.81
  • Lot Size Sq Ft: 35145.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 48360.0
  • Insurance Expense: 2414.0
  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 6750.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2019
Closed on
Jun 24, 2019
Sold by
Big Oak Property Investors Llc
Bought by
Becker Brent W and Becker Sarna
Seller's Agent
Brett Sloan
JBS Realty Group
Buyer's Agent
Hayley Bishop
Bellabay Realty LLC
List Price
$349,900
Sold Price
$267,000
Premium/Discount to List
-$82,900
-23.69%
Total Days on Market
82
Current Estimated Value
$271,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,224
Original Mortgage
$102,750
Outstanding Balance
$93,332
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 10, 2014
Sold by
Meza Properties Llc
Bought by
Big Oak Property Investors Llc

Purchase Details

Closed on
Aug 10, 2009
Sold by
Meza Freddy E and Meza Julie B
Bought by
Meza Properties Llc

Purchase Details

Closed on
Sep 29, 2006
Sold by
Encinas Gilbert M and Encinas Katherine A
Bought by
Meza Freddy E and Meza Julie B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.49%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 10, 1998
Sold by
Hartwell Leon W and Hartwell Phyllis
Bought by
Encinas Gilbert and Encinas Katherine

Range of Values:

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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
Becker Brent W $130,000 None Available
Becker Brent W $137,000 Chicago Title Of Mi Inc
Big Oak Property Investors Llc -- None Available
Meza Properties Llc -- None Available
Meza Freddy E $125,000 Metropolitan Title Company
Encinas Gilbert $77,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Becker Brent W $102,750
Closed Becker Brent W $97,500
Previous Owner Meza Freddy E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2019 06/24/19 Sold $267,000 -23.7% --
04/28/2019 04/28/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $349,900 -- --
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
2024 $3,144 $128,400 $13,100 $115,300
2023 $3,144 $48,000 $14,400 $33,600
2022 $3,144 $48,000 $13,200 $34,800
2021 $3,071 $48,000 $12,600 $35,400
2020 $3,071 $48,000 $12,600 $35,400
2019 $0 $48,000 $12,600 $35,400
2018 $0 $48,000 $12,600 $35,400
2017 $0 $48,000 $12,600 $35,400
2016 $0 $53,100 $7,700 $45,400
2015 -- $48,000 $0 $0
2014 -- $47,400 $7,700 $39,700
2013 -- $42,700 $7,700 $35,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brett Sloan

    JBS Realty Group

    (616) 291-5062

    160 Total Sales

    Brett Sloan
    Section Image

  • H

    Buyer's Agent in 2019

    Hayley Bishop

    Bellabay Realty LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19004226

Southwestern Michigan Association of REALTORS®

APN: 56-006-065-00

Michigan Allegan County Wayland 49348

313 W Superior St, Wayland, MI

Homes for Sale in Wayland, MI

This home is located at 313 W Superior St, Wayland, MI 49348 since 05 February 2019 and is currently estimated at $271,224. This property was built in 1875. 313 W Superior St is a home located in Allegan County with nearby schools including Wayland High School and St. Therese Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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