NOT LISTED FOR SALE

324 Catherine Ave Muskegon, MI 49442

McLaughlin Neighborhood

Estimated Value: $123,000 - $148,000

4 Beds
1 Bath
1,224 Sq Ft
$114/Sq Ft Est. Value

Last Sold July 30, 2022

Last sale price $583,000 $476 Per Sq Ft

Current estimated payment $918/month

About This Home

As of July 2022

7 Properties, 9 Units. Fully rented and stabilized. Several of these homes have been updated with new roofs, furnaces, appliances and flooring over the last 4 years. There is always more work to be done, but this is a nice solid investment portfolio. Single family homes are nice assets to invest in as they are more liquid in an uncertain market. This bundle is priced at a 7 cap with room to increase rents. SOLD BEFORE BROADCAST

Last Agent to Sell the Property

Kathy Dennison

Lighthouse Property Management License #6502319881 Listed on: 07/31/2022

Co-Listed By

Linda Sayre

Lighthouse Property Management

Last Buyer's Agent

Kathy Dennison

Lighthouse Property Management License #6502319881 Listed on: 07/31/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $861

Year Built

  • Built in 1900

Lot Details

  • 5,009

Parking

  • 14 Parking Spaces

Basement

  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 7 Buildings
  • 9 Units

Listing and Financial Details

  • Tenant pays for electricity, water, trash collection, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$861

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 583000.0
  • Number of Buildings: 7

Garage/Parking

  • Total Parking Spaces: 14.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected

Lot Info

  • Zoning Description: R1
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 9

Tax Info

  • Tax Annual Amount: 861.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2022
Closed on
Sep 28, 2022
Sold by
Jaimes Maria
Bought by
Aleem Amir and Gee Darnell
Seller's Agent
Kathy Dennison
Lighthouse Property Management
Buyer's Agent
Kathy Dennison
Lighthouse Property Management
List Price
$583,000
Sold Price
$583,000
Current Estimated Value
$139,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$444,000
Avg. Annual Appreciation
-37.75%

Purchase Details

Listed on
Jul 31, 2022
Closed on
Jul 28, 2022
Sold by
100 Acre Investments Llc
Bought by
Apc Property Holdings Llc
Seller's Agent
Kathy Dennison
Lighthouse Property Management
Buyer's Agent
Kathy Dennison
Lighthouse Property Management
List Price
$583,000
Sold Price
$583,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,100
Interest Rate
5.78%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 5, 2017
Closed on
Aug 21, 2017
Sold by
Kamp Roger
Bought by
100 Acre Investments Llc
Seller's Agent
David Manley
Core Realty Partners LLC
Buyer's Agent
David Manley
Five Star Real Estate-W Norton
List Price
$23,999
Sold Price
$18,500
Premium/Discount to List
-$5,499
-22.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
101.07%

Purchase Details

Listed on
May 5, 2017
Closed on
Aug 16, 2017
Sold by
Rose Land & Finance Corp
Bought by
Estate Of Roger A Kamp Sr
Seller's Agent
David Manley
Core Realty Partners LLC
Buyer's Agent
David Manley
Five Star Real Estate-W Norton
List Price
$23,999
Sold Price
$18,500
Premium/Discount to List
-$5,499
-22.91%

Purchase Details

Closed on
Apr 15, 2016
Sold by
Kamp Joseph F
Bought by
Kamp Roger A

Purchase Details

Closed on
Jul 1, 2009
Sold by
Rose Acceptance Inc
Bought by
Rose Land & Finance Corp

Purchase Details

Closed on
Aug 22, 2008
Sold by
Carter Jerry
Bought by
Rose Acceptance Inc

Purchase Details

Closed on
May 4, 2006
Sold by
Carter Jerry D
Bought by
Carter Jerry D
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
Aleem Amir $27,000 --
Apc Property Holdings Llc $583,000 None Listed On Document
100 Acre Investments Llc $18,500 None Available
Estate Of Roger A Kamp Sr $13,500 Attorney
Kamp Roger A $500 None Available
Rose Land & Finance Corp -- None Available
Rose Acceptance Inc $27,500 None Available
Carter Jerry D -- Beltline Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Apc Property Holdings Llc $408,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2022 07/31/22 For Sale $583,000 0.0% $476 / Sq Ft
07/30/2022 07/30/22 Sold $583,000 +3051.4% $476 / Sq Ft
08/21/2017 08/21/17 Sold $18,500 -22.9% $13 / Sq Ft
07/16/2017 07/16/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $23,999 -- $16 / Sq Ft
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
2025 $1,925 $49,700 $0 $0
2024 $363 $38,500 $0 $0
2023 $347 $29,600 $0 $0
2022 $875 $20,200 $0 $0
2021 $861 $18,200 $0 $0
2020 $842 $14,300 $0 $0
2019 $827 $13,100 $0 $0
2018 $827 $13,100 $0 $0
2017 $528 $13,500 $0 $0
2016 $139 $13,100 $0 $0
2015 -- $12,500 $0 $0
2014 $137 $12,400 $0 $0
2013 -- $11,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kathy Dennison

    Seller's Agent in 2022

    Kathy Dennison

    Lighthouse Property Management

    (616) 257-9577

    5 in this area

    40 Total Sales

    Kathy Dennison
    Section Image

  • L

    Seller Co-Listing Agent in 2022

    Linda Sayre

    Lighthouse Property Management

    (616) 257-9577

    2 in this area

    15 Total Sales

    Linda Sayre
    Section Image

  • D

    Seller's Agent in 2017

    David Manley

    Core Realty Partners LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22032616

Southwestern Michigan Association of REALTORS®

APN: 24-205-250-0005-00

Michigan Muskegon County Muskegon 49442 McLaughlin

324 Catherine Ave, Muskegon, MI

This home is located at 324 Catherine Ave, Muskegon, MI 49442 since 31 July 2022 and is currently estimated at $139,000, approximately $113 per square foot. This property was built in 1900. 324 Catherine Ave is a home located in Muskegon County with nearby schools including Three Oaks Public School Academy, Muskegon Maritime Academy, and Muskegon Covenant Academy.

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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