NOT LISTED FOR SALE

3281 Oak St Hudsonville, MI 49426

Estimated Value: $347,000 - $379,000

-- Bed
4 Baths
-- Sq Ft
0.5 Acres

Last Sold June 16, 2017

Last sale price $225,100

Est. 61% increase in value since last sale

Current estimated payment $2,359/month

3 Days on Market

Highlights

  • 0.5 Acre Lot
  • Park Elementary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of June 2017

Rare 3 unit rental in the City of Hudsonville. Residential neighborhood, near schools, shopping, and restaurants. Quiet tree shaded lot with large private backyard. Stoves and refrigerators stay in each unit, there are laundry hookups in each unit but the washers and dryers do not stay. Owner pays water for whole building. Gas and electric utilities are split for each unit. Unit 3281 with carport: 3 bedrooms, 1 1/2 baths, rent $775, tenant pays gas and electric. Unit 3283: 2 bedrooms, 1 bath, rent $575, tenant pays gas and electric. Unit 3285: 2 bedrooms, 1 bath, rent is $657, owner pays gas and electric (this unit has identical layout to the lower level). All three furnaces, all three A/C units, and roof are 5 +/- years old.

Last Agent to Sell the Property

John Schat

Five Star Real Estate (Grandv) License #6501254085 Listed on: 05/08/2017

Five Star Real Estate (Grandv)

Last Buyer's Agent

John Cremer

Five Star Real Estate (Grandv) License #6502418398

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,498

Year Built

  • Built in 1961

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 132x165

Parking

  • 3 Parking Spaces

Home Design

  • Slab Foundation
  • Composition Roof
  • Aluminum Siding

Basement

  • Partial Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,498

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1961
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 132x165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3498.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Slab: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 209900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Size Sq Ft: 21780.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3498.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 25, 2023
Sold by
Kobi Brian and Kobi Jennifer
Bought by
K1 Real Estate Llc
Current Estimated Value
$361,834

Purchase Details

Listed on
May 8, 2017
Closed on
Jun 16, 2017
Sold by
Borst Russell and Borst Shannon L
Bought by
Kobi Brian K and Kobi Jennifer D
Seller's Agent
John Schat
Five Star Real Estate (Grandv)
Buyer's Agent
John Cremer
Five Star Real Estate (Grandv)
List Price
$209,900
Sold Price
$225,100
Premium/Discount to List
$15,200
7.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.83%
Original Mortgage
$168,825
Interest Rate
3.92%
Mortgage Type
Commercial
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
K1 Real Estate Llc -- None Listed On Document
Kobi Brian K $225,100 Star Title Agency Llc
Borst Russell $170,000 Star Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kobi Brian K $168,825
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2017 06/16/17 Sold $225,100 +7.2% --
05/11/2017 05/11/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $209,900 -- --
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 $5,459 $161,800 $0 $0
2024 $5,311 $134,700 $0 $0
2023 $5,064 $131,900 $0 $0
2022 $4,955 $110,300 $0 $0
2021 $4,805 $104,600 $0 $0
2020 $4,747 $94,300 $0 $0
2019 $4,665 $96,500 $0 $0
2018 $3,492 $82,000 $0 $0
2017 $3,492 $74,600 $0 $0
2016 -- $74,500 $0 $0
2015 -- $66,100 $0 $0
2014 -- $63,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 17020929

MichRIC

APN: 70-14-29-480-010