NOT LISTED FOR SALE

Estimated Value: $491,373 - $750,000

5 Beds
4 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold November 11, 2013

Last sale price $200,000

Est. 194% increase in value since last sale

Current estimated payment $3,589/month

135 Days on Market

About This Home

As of November 2013

Beautiful Heritage Hill 4 unit In One of the nicest Neighborhood of Heritage Hill. Each unit has a private entrances...the Largest unit would be ideal for owner occupant. Hardwood floors, Crown molding. 2 stall garage and plenty of off street parking, on-site laundry, all appliances to remain including Washer and Dryer. Compliance Certificate good thru Aug.2013

Last Agent to Sell the Property

Mike Beaudry

616 Realty LLC License #6502359518 Listed on: 02/23/2013

616 Realty LLC

Last Buyer's Agent

Thomas Kuiper

ERA Reardon Realty Great Lakes License #6502139743

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,979

Year Built

  • Built in 1890

Lot Details

  • 7,405

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 7,405 Sq Ft Lot

Listing and Financial Details

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

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $2,820
  • Maintenance Expense $300
  • Operating Expense $8,820
  • Gross Income $2,650
  • Net Operating Income $31,800

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,979

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 225000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7405.0

Rental Info

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

Multi Family

  • Gross Income: 2650.0
  • Insurance Expense: 2820.0
  • Maintenance Expense: 300.0
  • Net Operating Income: 31800.0
  • Number of Units Total: 3
  • Operating Expense: 8820.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2013
Closed on
Nov 11, 2013
Sold by
Lehmann Mandi E
Bought by
Shamilov Tim
Seller's Agent
Mike Beaudry
616 Realty LLC
Buyer's Agent
Thomas Kuiper
ERA Reardon Realty Great Lakes
List Price
$265,000
Sold Price
$200,000
Premium/Discount to List
-$65,000
-24.53%
Current Estimated Value
$587,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$387,093
Avg. Annual Appreciation
9.54%
Original Mortgage
$179,900
Interest Rate
4.24%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 26, 2010
Sold by
Lehmann Mandi E and Huldin Mandi
Bought by
Lehmann Mandi E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$273,775
Interest Rate
5.16%
Mortgage Type
Commercial

Purchase Details

Closed on
May 15, 2006
Sold by
Lehmann David
Bought by
Huldin Mandi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2006
Sold by
Huldin Mandi I
Bought by
Lehmann David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 2006
Sold by
Lehmann David
Bought by
Huldin Mandi E

Purchase Details

Closed on
Nov 30, 2005
Sold by
Mortgage Electronic Registration Systems
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Nov 16, 2005
Sold by
Lehmann David
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Apr 26, 2004
Sold by
Fontaine Laurence and Fontaine Anna
Bought by
Lehmann David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2002
Sold by
Durbin David P
Bought by
Fontaine Laurence and Fontaine Anna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 1999
Sold by
Hyatt Hyatt G G and Hyatt Durbin D
Bought by
Shamilov Durbin D and Shamilov Tim

Purchase Details

Closed on
Jul 15, 1992
Sold by
Bryker Bryker W W and Bryker Hyatt G
Bought by
Shamilov Tim

Purchase Details

Closed on
Jun 13, 1991
Sold by
Lanore Lanore G G and Lanore Hyatt G
Bought by
Shamilov Tim

Purchase Details

Closed on
Mar 15, 1990
Sold by
Bryker Bryker W W and Bryker Hyatt G
Bought by
Shamilov Tim

Purchase Details

Closed on
Mar 8, 1990

Purchase Details

Closed on
Jan 27, 1987

Purchase Details

Closed on
May 18, 1983

Purchase Details

Closed on
May 16, 1983

Purchase Details

Closed on
May 20, 1981
Source: Public Records

Range of Values:

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Average Value
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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
Shamilov Tim $200,000 None Available
Lehmann Mandi E -- Chicago Title
Huldin Mandi $337,500 None Available
Lehmann David -- Crowne Title Agency
Huldin Mandi E -- Crowne Title Agency
Countrywide Home Loans Inc -- --
Mortgage Electronic Registration Systems $255,097 --
Lehmann David $310,000 --
Fontaine Laurence -- Fatic
Shamilov Durbin D $187,500 --
Shamilov Tim $84,000 --
Shamilov Tim -- --
Shamilov Tim -- --
-- $84,000 --
-- $49,100 --
-- $58,000 --
-- $15,000 --
-- $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shamilov Tim $216,000
Closed Shamilov Tim $179,900
Previous Owner Lehmann Mandi E $273,775
Previous Owner Huldin Mandi $270,000
Previous Owner Lehmann David $248,000
Previous Owner Fontaine Laurence $212,000
Previous Owner Durbin David P $186,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2013 11/11/13 Sold $200,000 -24.5% --
07/08/2013 07/08/13 Pending -- -- --
02/23/2013 02/23/13 For Sale $265,000 -- --
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 $4,979 $243,200 $0 $0
2024 $4,979 $224,500 $0 $0
2023 $4,759 $191,900 $0 $0
2022 $4,694 $171,100 $0 $0
2021 $4,574 $188,700 $0 $0
2020 $4,421 $166,300 $0 $0
2019 $4,526 $124,100 $0 $0
2018 $4,388 $131,200 $0 $0
2017 $3,690 $108,200 $0 $0
2016 $3,716 $89,500 $0 $0
2015 $4,098 $89,500 $0 $0
2013 -- $82,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13009642

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-454-017