NOT LISTED FOR SALE

315 Rust Ave Big Rapids, MI 49307

Estimated Value: $210,000 - $293,000

-- Bed
-- Bath
-- Sq Ft
10,000 Sq Ft Lot

Last Sold May 09, 2016

Last sale price $101,000

Est. 150% increase in value since last sale

Current estimated payment $1,706/month

9 Days on Market

Highlights

  • Window Unit Cooling System
  • Laundry Facilities
  • High Speed Internet
  • Forced Air Heating System

About This Home

As of May 2016

Cash-cow triplex which rents easily as it's walking distance to downtown and Ferris University. Recent improvements include siding and new tear-off roof. Large parking area and covered carport for 3 vehicles. Large main-floor 3 bedroom unit, 1 bedroom and efficiency up. Great location and all appliances included. Fully rented generating more than $1800 per month.

Last Agent to Sell the Property

Albert Bolt

Berkshire Hathaway HomeServices Michigan Real Estate (Main) Listed on: 03/30/2016

Last Buyer's Agent

Gary Bailey Sr

Crossroads Realty of Michigan License #6502321269

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,800

Year Built

  • Built in 1900

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 50x200

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Michigan Basement

Parking

  • 5 Parking Spaces
  • Carport

Utilities

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

Community Details

  • 3 Units
  • Laundry Facilities
  • Gross Income $23,100

Listing and Financial Details

  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,800

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x200
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1800.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • List Price: 104900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0
  • Extras:Carports: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 10000.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer

Multi Family

  • Gross Income: 23100.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1800.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2020
Sold by
315 Rust Llc
Bought by
Haak David E
Current Estimated Value
$252,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,150
Outstanding Balance
$60,782
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$192,102

Purchase Details

Closed on
May 14, 2019
Sold by
Haak David E and Haak Joel D
Bought by
315 Rust Llc

Purchase Details

Closed on
Feb 17, 2017
Sold by
Haak David E and Haak Janette
Bought by
Haak David E and Haak Joel D

Purchase Details

Listed on
Mar 30, 2016
Closed on
May 9, 2016
Sold by
Sahom Hisham Trust
Bought by
Haak David E and Haak Joel D
Seller's Agent
Albert Bolt
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Buyer's Agent
Gary Bailey Sr
Crossroads Realty of Michigan
List Price
$108,900
Sold Price
$101,000
Premium/Discount to List
-$7,900
-7.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.97%
Original Mortgage
$88,740
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Haak David E -- Independent Title Services I
Haak David E -- None Available
315 Rust Llc -- None Available
Haak David E -- Attorney
Haak David E $101,000 Surveyors Title Osceola Cnty
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haak David E $84,150
Previous Owner Haak David E $88,740
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2016 05/09/16 Sold $101,000 -7.3% --
04/08/2016 04/08/16 Pending -- -- --
03/30/2016 03/30/16 For Sale $108,900 -- --
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 $4,613 $116,700 $0 $0
2024 -- $105,900 $0 $0
2023 -- $91,400 $0 $0
2022 $4,423 $80,000 $0 $0
2021 $4,423 $72,400 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2014 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Albert Bolt

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

  • Gary Bailey Sr

    Buyer's Agent in 2016

    Gary Bailey Sr

    Crossroads Realty of Michigan

    (231) 250-6122

    2 in this area

    172 Total Sales

    Gary Bailey Sr
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Map

Source: MichRIC

MLS Number: 15048285

MichRIC

APN: 5417-015-229-006

Michigan Mecosta County Big Rapids 49307

315 Rust Ave, Big Rapids, MI

Not Listed for Sale

MultiFamily

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