NOT LISTED FOR SALE

315 Forrest St Wayland, MI 49348

Estimated Value: $321,427 - $336,000

4 Beds
1 Bath
2,016 Sq Ft
$164/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $290,000 $144 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,510/month

3 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • 4 Car Garage

About This Home

As of September 2023

Desirable and hard-to-find Wayland duplex provides an excellent opportunity for an owner-occupant or complete rental. Square and solid and well-maintained. Each 1050-square foot unit has 2 bedrooms and 1 full bath, laundry facilities, and it's own furnace, central air, water heater, and enclosed 1-car garage. The back unit offers a slider to the patio with firepit that overlooks the lovely, private backyard with storage shed. Many of the windows have replacement insulated glass and there's the added benefit of split utilities (owner pays water/sewer). All appliances included except the front unit washer/dryer. Make it yours.

Last Agent to Sell the Property

Brad Baker

MOXIE Real Estate + Development License #6501299154 Listed on: 08/01/2023

Last Buyer's Agent

Bradley Baker

Coldwell Banker Schmidt Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,100

Year Built

  • Built in 1972

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 82 x 198

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 4 Car Garage
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,100

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1972
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 137.62
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 82 x 198
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: R-2
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Crawl Space: 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
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: Desirable and hard-to-find Wayland duplex provides an excellent opportunity for an owner-occupant or complete rental. Square and solid and well-maintained. Each 1050-square foot unit has 2 bedrooms and 1 full bath, laundry facilities, and it's own furnace, central air, water heater, and enclosed 1-car garage. The back unit offers a slider to the patio with firepit that overlooks the lovely, private backyard with storage shed. Many of the windows have replacement insulated glass and there's the added benefit of split utilities (owner pays water/sewer). All appliances included except the front unit washer/dryer. Make it yours.
  • Remarks Misc: Agent Only Remarks: front unit tenant is long-term at $830/month (considerably under-market rent). Back unit was at $1100 and is vacating the end of August, 2023. Front tenant owns the washer/dryer; back unit washer/dryer are included.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space, Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 289000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Dimensions: 82 x 198
  • Lot Size Sq Ft: 16335.0
  • Zoning Description: R-2

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3100.2
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2023
Closed on
Sep 8, 2023
Sold by
Boekestein Dave
Bought by
Boekestein Dave
Seller's Agent
Brad Baker
MOXIE Real Estate + Development
Buyer's Agent
Brad Baker
MOXIE Real Estate + Development
List Price
$289,000
Sold Price
$290,000
Premium/Discount to List
$1,000
0.35%
Views
13
Current Estimated Value
$330,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,857
Avg. Annual Appreciation
6.17%
Original Mortgage
$217,500
Outstanding Balance
$212,681
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$118,176

Purchase Details

Listed on
Aug 1, 2023
Closed on
Aug 28, 2023
Sold by
Engle Todd Lewis
Bought by
Todd Lewis Engle And Ellen Louise Engle Joint and Engle
Seller's Agent
Brad Baker
MOXIE Real Estate + Development
Buyer's Agent
Brad Baker
MOXIE Real Estate + Development
List Price
$289,000
Sold Price
$290,000
Premium/Discount to List
$1,000
0.35%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,500
Outstanding Balance
$212,681
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$118,176

Purchase Details

Closed on
May 13, 2021
Sold by
Boekstein Dave
Bought by
Boekestein Dave and Boekestein David L

Purchase Details

Closed on
Aug 28, 1997
Bought by
Boekestein Dave

Purchase Details

Closed on
Oct 7, 1993
Sold by
Hampel Jeffrey and Lakatos Janin
Bought by
Lakatos Janine M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Boekestein Dave $290,000 Chicago Title Of Michigan
Boekestein Dave $290,000 Chicago Title Of Michigan
Todd Lewis Engle And Ellen Louise Engle Joint -- None Listed On Document
Engle Todd Lewis $108,948 None Listed On Document
Boekestein Dave -- None Available
Boekestein Dave $91,500 --
Lakatos Janine M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boekestein Dave $217,500
Closed Boekestein Dave $217,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2023 09/08/23 Sold $290,000 +0.3% $144 / Sq Ft
08/04/2023 08/04/23 Pending -- -- --
08/01/2023 08/01/23 For Sale $289,000 -- $143 / 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 $9,195 $160,500 $14,800 $145,700
2024 $3,100 $145,800 $11,800 $134,000
2023 $3,100 $82,000 $11,600 $70,400
2022 $3,100 $58,700 $10,800 $47,900
2021 $2,907 $55,900 $10,800 $45,100
2020 $2,907 $57,100 $10,800 $46,300
2019 $2,780 $55,600 $10,400 $45,200
2018 $2,780 $50,300 $10,400 $39,900
2017 $0 $50,700 $10,400 $40,300
2016 $0 $46,600 $9,800 $36,800
2015 -- $46,600 $9,800 $36,800
2014 -- $44,200 $10,400 $33,800
2013 -- $42,400 $10,400 $32,000
Source: Public Records

Agents Affiliated with this Home

  • Brad Baker

    Seller's Agent in 2023

    Brad Baker

    MOXIE Real Estate + Development

    (616) 965-2623

    2 in this area

    337 Total Sales

    Brad Baker
    Section Image

  • B

    Buyer's Agent in 2023

    Bradley Baker

    Coldwell Banker Schmidt Realtors

See All Agents

Map

Source: MichRIC

MLS Number: 23027543

MichRIC

APN: 56-005-052-00

Michigan Allegan County Wayland 49348

315 Forrest St, Wayland, MI

Not Listed for Sale

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