NOT LISTED FOR SALE

328 S Warren Ave Big Rapids, MI 49307

Estimated Value: $225,819 - $284,000

4 Beds
2 Baths
-- Sq Ft
0.3 Acres

Last Sold November 15, 2019

Last sale price $215,000

Est. 20% increase in value since last sale

Current estimated payment $1,761/month

1 Day on Market

About This Home

As of November 2019

Two duplex units. Houses-must be sold together. That's 4 units all together. All two bedroom, all $750/mo + utilities.

Last Agent to Sell the Property

Susan Glatz

Silvernail Realty License #6504155347 Listed on: 10/31/2019

Last Buyer's Agent

Susan Glatz

Silvernail Realty License #6504155347 Listed on: 10/31/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,100

Year Built

  • Built in 1950

Lot Details

  • 0.3 Acre Lot

Parking

  • 10 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Siding

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Insurance Expense $1,500
  • Maintenance Expense $3,500
  • Manager Expense $12
  • Operating Expense $1,390
  • Gross Income $35,000
  • Net Operating Income $21,610

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,100

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 220000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 13275.0
  • Zoning Description: R-P
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 35000.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 3500.0
  • Manager Expense: 12.0
  • Net Operating Income: 21610.0
  • Number of Units Total: 4
  • Operating Expense: 1390.0

Tax Info

  • Tax Annual Amount: 4100.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Nov 15, 2019
Sold by
Corsby Marilyn
Bought by
River City Properties Llc
Seller's Agent
Susan Glatz
Silvernail Realty
Buyer's Agent
Susan Glatz
Silvernail Realty
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%
Current Estimated Value
$256,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,955
Avg. Annual Appreciation
2.92%
Original Mortgage
$225,000
Outstanding Balance
$196,651
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$60,304
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
River City Properties Llc $215,000 Bridge Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open River City Properties Llc $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2019 11/15/19 Sold $215,000 -2.3% --
11/01/2019 11/01/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $220,000 -- --
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 $5,084 $119,200 $0 $0
2024 -- $107,500 $0 $0
2023 -- $99,000 $0 $0
2022 $4,875 $85,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Susan Glatz

    Seller's Agent in 2019

    Susan Glatz

    Silvernail Realty

    (231) 598-1950

    75 in this area

    76 Total Sales

    Susan Glatz
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Map

Source: MichRIC

MLS Number: 19053077

MichRIC

APN: 5417-014-111-014

Michigan Mecosta County Big Rapids 49307

328 S Warren Ave, Big Rapids, MI

Not Listed for Sale

MultiFamily

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