$154,000
SOLD OCT 28, 2013

324 E Bridge St Plainwell, MI 49080

-- Bed
-- Bath
-- Sq Ft
0.26 Acres

Recently Sold

7% Below List Price

10 Days on Market

Highlights

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

About This Home

As of February 2022

This beautiful 1850s Italianate home was converted into a quality 4 unit income property by the current owner. This would make an awesome owner occupied home for someone wanting to live inexpensively in total style and comfort right in the heart of historic Plainwell. This property is currently fully rented and shows a healthy return on investment.

Last Agent to Sell the Property

Jason Veenstra

eXp Realty LLC License #6502358617 Listed on: 08/20/2013

eXp Realty LLC

Co-Listed By

Jason Veenstra

Evenboer Walton, REALTORS

Last Buyer's Agent

William Evenboer

Evenboer Walton, REALTORS License #6502128196

Property Details

Home Type

  • Apartment

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
  • High Speed Internet
  • Cable TV Available

Community Details

  • Insurance Expense $876
  • Operating Expense $6,373
  • Gross Income $21,660
  • Net Operating Income $14,987

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1850
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 164914.0
  • 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: 11326.0
  • Zoning Description: R-2

Rental Info

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

Multi Family

  • Gross Income: 21660.0
  • Insurance Expense: 876.0
  • Net Operating Income: 14987.0
  • Operating Expense: 6373.0

Tax Info

  • Tax Annual Amount: 3999.0

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
$324,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,508
Avg. Annual Appreciation
13.19%
Original Mortgage
$163,350
Outstanding Balance
$133,775
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$204,322

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:

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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 Type Sale Price Title Company
Warranty Deed $217,800 Lievois Daniel P
Warranty Deed $154,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $163,350 New Conventional
Previous Owner $107,800 New Conventional
Previous Owner $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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% --
08/30/2013 08/30/13 Pending -- -- --
08/20/2013 08/20/13 For Sale $164,914 -- --
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 $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

    242 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

    147 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

    5 in this area

    336 Total Sales

    Jason Veenstra
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13049584

Southwestern Michigan Association of REALTORS®

APN: 55-410-081-00

Michigan Allegan County Plainwell 49080

324 E Bridge St, Plainwell, MI

This home is located at 324 E Bridge St, Plainwell, MI 49080 and is currently priced at $154,000. This property was built in 1850. 324 E Bridge St is a home located in Allegan County with nearby schools including Plainwell High School and Otsego Christian 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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