NOT LISTED FOR SALE

3200 Charlesgate Ave SW Wyoming, MI 49509

Clyde Park Neighborhood

Estimated Value: $395,000 - $541,679

8 Beds
4 Baths
3,348 Sq Ft
$138/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $400,000 $119 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,113/month

13 Days on Market

About This Home

As of May 2022

MULTIPLE OFFERS, HIGHEST AND BEST BY THURSDAY THE 21TH @ 6:00 PM
Great opportunity for any passive/seasoned investor or owner-operator on this Fully Occupied 4 Units with a
solid rent history. Conveniently located off of 131 with a short distance to Grand Rapid. Financials on file, showings need a minimum of 24 notice as there are Tenants on site. Fully Occupied 4 Units with a
solid rent history.
This four-unit sits on a quiet street and is located minutes from bus lines, shopping, dining, schools, parks, and highways. All four units are currently leased and the building has been well-maintained. All showings required a minimum of 24 hours' notice per tenants' rights
Updates include windows, Roof, patched parking lot, and most appliances.

Last Agent to Sell the Property

Victor Fawaz

RE/MAX Team 2000 License #6501298881 Listed on: 04/09/2022

RE/MAX Team 2000

Last Buyer's Agent

Victor Fawaz

RE/MAX Team 2000 License #6501298881 Listed on: 04/09/2022

RE/MAX Team 2000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1962 | Remodeled in 2009

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 90.00x112.00
  • Property fronts a private road

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Tile Roof
  • Asphalt Roof

Interior Spaces

  • 4 Full Bathrooms
  • 3,348 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Parking

  • 8 Parking Spaces
  • Paved Parking
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 411713328001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,396

Year Built

Built in 1962 | Remodeled in 2009

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Architecture Style: Colonial
  • Architecture Level: 2 Story
  • Year Built: 1962
  • State Equalized Value: 98700.0000
  • Year Renovated: 2009
  • Pets Allowed: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement: Yes
  • Basement Type: Unfinished
  • Sq Ft Combined: 3348
  • Total Sq Ft: 3348
  • Sq Ft Total Bsmt: 1674

Exterior Features

  • Roof Material: Asphalt, Tile
  • Foundation Details: Basement
  • Construction Materials: Brick
  • Exclusions: Yes
  • Foundation Materials: Poured
  • Frontage Feet: 90
  • Road Frontage Type: Private

Garage/Parking

  • MF Parking: Paved, Unassigned/General
  • Total Parking Spaces: 8

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Air
  • Sewer: Public Sewer (Sewer-Sanitary)
  • Water Heater Fuel: Natural Gas
  • Water Source: Public (Municipal)
  • Laundry Facilities: No

Schools

  • School District: Godwin Heights

Lot Info

  • Lot Size Area: 0.23
  • Lot Dimensions: 90.00X112.00
  • Parcel Number: 411713328001
  • Zone Conform: Yes
  • Zoning: Multi-Family

Rental Info

  • Rent Includes: Heat, Water/Sewer, Snow Removal, Trash Collection (Garbage Pickup), Water, Yard Maintenance
  • Legal Rental Certified: Yes
  • Monthly Rental Income: 4000

Tax Info

  • Tax Amount Summer: 3501.0000
  • Tax Amount Winter: 895.0000
  • Total Tax: 4396.0000
  • Taxable Value: 60712.0000

Multi Family

  • Gross Scheduled Income: 48000.00
  • Number Of Units Total: 4
  • Unit Count: 1
  • Number of Two Bedroom Units: 4
  • Number Of Units Leased: 4

MLS Schools

  • School District: Godwin Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2022
Closed on
May 14, 2022
Sold by
Mohamed Basma
Bought by
Sigma Homes & Properties Llc
Seller's Agent
Victor Fawaz
RE/MAX Team 2000
Buyer's Agent
Victor Fawaz
RE/MAX Team 2000
List Price
$379,900
Sold Price
$400,000
Premium/Discount to List
$20,100
5.29%
Current Estimated Value
$461,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,670
Avg. Annual Appreciation
4.31%

Purchase Details

Closed on
Oct 29, 2004
Sold by
Rizkalla Elias G and Rizkalla Judith D
Bought by
Basma Mohamed and Basma Musa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,750
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Sigma Homes & Properties Llc $400,000 New Title Company Name
Basma Mohamed $189,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Basma Mohamed $141,750
Closed Basma Mohamed $28,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2022 05/16/22 Sold $400,000 +5.3% $119 / Sq Ft
04/23/2022 04/23/22 Pending -- -- --
04/09/2022 04/09/22 For Sale $379,900 -- $113 / Sq Ft
Source: Realcomp

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 $7,857 $181,700 $0 $0
2024 $7,857 $181,700 $0 $0
2023 $7,516 $171,100 $0 $0
2022 $3,622 $110,800 $0 $0
2021 $3,501 $98,700 $0 $0
2020 $2,571 $93,800 $0 $0
2019 $3,067 $74,900 $0 $0
2018 $3,343 $67,100 $0 $0
2017 $3,263 $65,100 $0 $0
2016 $3,174 $57,200 $0 $0
2015 $3,121 $57,200 $0 $0
2013 -- $53,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realcomp

MLS Number: 2220022862

Realcomp

APN: 41-17-13-328-001