NOT LISTED FOR SALE

332 Walnut St Watervliet, MI 49098

Estimated Value: $202,000 - $281,000

3 Beds
3 Baths
-- Sq Ft
0.38 Acres

Last Sold September 13, 2018

Last sale price $95,000

Est. 126% increase in value since last sale

Current estimated payment $1,461/month

16 Days on Market

Highlights

  • 1 Fireplace
  • Baseboard Heating
  • Wood Siding
  • Brick or Stone Mason

About This Home

As of September 2018

Wonderful business opportunity or live in one unit and let the other two make you payments..Either way, this is a must see 3 unit close to schools, shopping and I94.
Large lot for extra parking. This building has been completely redone from the studs......all new electric, plumbing, wallboard, kitchens, baths and more. Monthly income for all three units is estimated at $1600. Main unit is 2 beds and one bath and about 1000 sq ft. One bedroom units are around 500 sq ft. There is a single car garage and 6 or so parking spaces.
A must see inside to appreciate all of the fine details.

Last Agent to Sell the Property

Michelle Alger

The Home Source Group License #6506039455 Listed on: 08/01/2018

Last Buyer's Agent

Scott McLauchlin

McLauchlin Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,245

Year Built

  • Built in 1900

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 100 x 165

Parking

  • 6 Parking Spaces

Home Design

  • Brick or Stone Mason
  • Wood Siding
  • Stone

Interior Spaces

  • 1 Fireplace

Basement

  • Partial Basement
  • Crawl Space

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,245

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100 x 165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2245.0
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Utilities Attached:Electric4: Yes
  • Substructure:Partial: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Crawl Space: Yes
  • Heat Type:Baseboard: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space, Partial

Exterior Features

  • Construction Materials: Wood Siding, Stone
  • List Price: 99000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Stone: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Heating: Baseboard, Electric
  • Heating: Yes
  • Sewer: Public Sewer
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Dimensions: 100 x 165
  • Lot Size Sq Ft: 16500.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2245.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2021
Sold by
Overton Larry E and Overton Christine
Bought by
Overton Larry E and Overton Christine
Current Estimated Value
$214,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,200
Outstanding Balance
$81,013
Interest Rate
2.65%
Mortgage Type
New Conventional
Estimated Equity
$160,220

Purchase Details

Listed on
Aug 1, 2018
Closed on
Sep 17, 2018
Sold by
Krause Bruce H
Bought by
Overton Larry and Overton Chris
Seller's Agent
Michelle Alger
The Home Source Group
Buyer's Agent
Scott McLauchlin
McLauchlin Realty, Inc.
List Price
$99,000
Sold Price
$95,000
Premium/Discount to List
-$4,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.46%

Purchase Details

Listed on
Aug 1, 2018
Closed on
Sep 13, 2018
Sold by
Krause Bruce H
Bought by
Overton Larry and Overton Chris
Seller's Agent
Michelle Alger
The Home Source Group
Buyer's Agent
Scott McLauchlin
McLauchlin Realty, Inc.
List Price
$99,000
Sold Price
$95,000
Premium/Discount to List
-$4,000
-4.04%

Purchase Details

Closed on
Mar 17, 1997

Purchase Details

Closed on
Sep 16, 1994

Purchase Details

Closed on
Oct 2, 1989

Purchase Details

Closed on
Apr 1, 1976
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 Buyer Sale Price Title Company
Overton Larry E -- Trusted Title Agency
Overton Larry $95,000 First American Title
Overton Larry $95,000 First American Title
-- $58,500 --
-- $49,000 --
-- $31,500 --
-- $49,000 --
-- $15,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Overton Larry E $107,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2018 09/13/18 Sold $95,000 -4.0% --
08/17/2018 08/17/18 Pending -- -- --
08/01/2018 08/01/18 For Sale $99,000 -- --
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 $3,308 $101,200 $0 $0
2024 $2,902 $70,100 $0 $0
2023 $2,779 $56,700 $0 $0
2022 $2,358 $53,200 $0 $0
2021 $2,718 $51,800 $9,200 $42,600
2020 $2,693 $45,900 $0 $0
2019 $2,646 $35,400 $10,000 $25,400
2018 $2,271 $35,400 $0 $0
2017 $2,246 $41,100 $0 $0
2016 $2,211 $37,400 $0 $0
2015 $2,215 $34,500 $0 $0
2014 $2,039 $34,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18037023

Southwestern Michigan Association of REALTORS®

APN: 11-78-0023-0008-02-4