NOT LISTED FOR SALE

324 E Bridge St Plainwell, MI 49080

Estimated Value: $312,542 - $329,000

4 Beds
4 Baths
-- Sq Ft
0.26 Acres

Last Sold February 24, 2022

Last sale price $217,800

Est. 48% increase in value since last sale

Current estimated payment $2,338/month

146 Days on Market

Highlights

  • Corner Lot
  • High Speed Internet
  • Wood Siding
  • Forced Air Heating System

About This Home

As of February 2022

Awesome historical home in Plainwell with 4 units that are always rented. Tenants pay their own gas and electric. Very nice units with long term tenants. Lots of parking.
Property has new roof (2020) fresh exterior paint and 3 of he 4 units just had new water heaters installed recently. A beautiful property ready for a new owner.

Last Agent to Sell the Property

William Evenboer

Evenboer Walton, REALTORS License #6502128196 Listed on: 08/26/2021

Co-Listed By

Rob Evenboer

Evenboer Walton, REALTORS License #6501429892

Last Buyer's Agent

Jeanie Finney

Evenboer Walton, REALTORS License #6501427027

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,042

Year Built

  • Built in 1850

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 84x132
  • Corner Lot

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 8 Parking Spaces
  • Paved Parking

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $950
  • Utility Expense $960
  • Operating Expense $6,373
  • Gross Income $25,260

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,042

Year Built

Built in 1850

Lot Details

0.26 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1850
  • General Property Info:Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 270000.0
  • Lot Features: Corner Lot, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 8.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Natural Gas Connected, Phone Connected, Electricity Connected, Cable Available, Electricity Available, Natural Gas Available, Storm Sewer, Phone Available
  • Water Source: Public Water

Lot Info

  • Lot Size Acres: 0.255
  • Lot Size Area: 0.26
  • Lot Dimensions: 84x132
  • Lot Size Sq Ft: 11108.0

Rental Info

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

Multi Family

  • Gross Income: 25260.0
  • Insurance Expense: 950.0
  • Number of Units Total: 4
  • Operating Expense: 6373.0

Tax Info

  • Tax Annual Amount: 5042.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Feb 23, 2022
Sold by
Walker Kyle L and Walker Gurpreet
Bought by
Gillies Stephen and Finney Jean
Seller's Agent
William Evenboer
Evenboer Walton, REALTORS
Buyer's Agent
Jeanie Finney
Evenboer Walton, REALTORS
List Price
$270,000
Sold Price
$217,800
Premium/Discount to List
-$52,200
-19.33%
Current Estimated Value
$322,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,586
Avg. Annual Appreciation
10.30%
Original Mortgage
$163,350
Outstanding Balance
$130,579
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$191,807

Purchase Details

Listed on
Aug 20, 2013
Closed on
Oct 28, 2013
Sold by
Grevensluk Harold G and Grevensluk Ellen
Bought by
Walker Kyle L and Walker Gurpreet
Seller's Agent
Jason Veenstra
eXp Realty LLC
Buyer's Agent
William Evenboer
Evenboer Walton, REALTORS
List Price
$164,914
Sold Price
$154,000
Premium/Discount to List
-$10,914
-6.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.25%
Original Mortgage
$107,800
Interest Rate
4.33%
Mortgage Type
New Conventional
Source: Public Records
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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
Gillies Stephen $217,800 Lievois Daniel P
Walker Kyle L $154,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillies Stephen $163,350
Previous Owner Walker Kyle L $107,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2022 02/24/22 Sold $217,800 -19.3% --
01/19/2022 01/19/22 Pending -- -- --
08/26/2021 08/26/21 For Sale $270,000 +75.3% --
10/28/2013 10/28/13 Sold $154,000 -6.6% -- View Prior Sale
08/30/2013 08/30/13 Pending -- -- --
08/20/2013 08/20/13 For Sale $164,914 -- --
Source: MichRIC

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 $8,126 $161,500 $29,700 $131,800
2024 $5,284 $148,200 $26,500 $121,700
2023 $6,317 $118,700 $23,600 $95,100
2022 $5,284 $105,000 $19,800 $85,200
2021 $5,085 $96,700 $17,900 $78,800
2020 $5,018 $90,000 $15,500 $74,500
2019 $4,655 $80,800 $13,700 $67,100
2018 $0 $80,800 $15,400 $65,400
2017 $0 $80,400 $13,900 $66,500
2016 $0 $75,000 $11,800 $63,200
2015 -- $75,000 $11,800 $63,200
2014 -- $70,400 $11,600 $58,800
2013 -- $68,500 $11,600 $56,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 21102660

MichRIC

APN: 55-410-081-00

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