NOT LISTED FOR SALE

324 E Bridge St Plainwell, MI 49080

Estimated Value: $297,466 - $357,000

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 $2,371/month

146 Days on Market

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

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $950
  • 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

Listing Details

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

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 270000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Sq Ft: 11108.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • 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
$323,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,567
Avg. Annual Appreciation
10.81%
Original Mortgage
$163,350
Outstanding Balance
$130,579
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$192,788

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
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 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 $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

  • William Evenboer

    Seller's Agent in 2022

    William Evenboer

    Evenboer Walton, REALTORS

    (269) 207-1060

    3 in this area

    232 Total Sales

    William Evenboer
    Section Image
  • Rob Evenboer

    Seller Co-Listing Agent in 2022

    Rob Evenboer

    Evenboer Walton, REALTORS

    (269) 377-4913

    1 in this area

    156 Total Sales

    Rob Evenboer
    Section Image

  • J

    Buyer's Agent in 2022

    Jeanie Finney

    Evenboer Walton, REALTORS

    (269) 808-0647

    3 in this area

    41 Total Sales

    Jeanie Finney
    Section Image
  • Jason Veenstra

    Seller's Agent in 2013

    Jason Veenstra

    eXp Realty LLC

    (269) 350-5514

    6 in this area

    322 Total Sales

    Jason Veenstra
    Section Image
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Map

Source: MichRIC

MLS Number: 21102660

MichRIC

APN: 55-410-081-00

Michigan Allegan County Plainwell 49080

324 E Bridge St, Plainwell, MI

Not Listed for Sale

MultiFamily

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