NOT LISTED FOR SALE

Estimated Value: $275,000 - $356,000

2 Beds
1 Bath
-- Sq Ft
0.35 Acres

Last Sold March 20, 2012

Last sale price $70,000

Est. 350% increase in value since last sale

Current estimated payment $1,969/month

30 Days on Market

About This Home

As of March 2012

Great location, well built side by side duplex. Lots of yard and parking. Basement is a walkout that could be finished for additional space.

Last Agent to Sell the Property

Michael O`Hara

Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6501225408 Listed on: 12/28/2011

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Last Buyer's Agent

Patti Fore

Agent History

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 76x200

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Walk-Out Basement

Parking

  • 4 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1965
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:Lot Dimensions: 76X200
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2911.0
  • Tax Info:Zoning3: R-2
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Walk Out: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Walk Out
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Aluminum Siding
  • List Price: 72500.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: None Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.35
  • Lot Size Area: 0.35
  • Lot Dimensions: 76X200
  • Lot Size Sq Ft: 15200.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2911.0
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2016
Sold by
Rusthoven Rick and Rusthoven Sarah
Bought by
Rusty Investments Llc
Current Estimated Value
$314,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Outstanding Balance
$44,220
Interest Rate
3.46%
Mortgage Type
New Conventional
Estimated Equity
$272,484

Purchase Details

Closed on
Oct 29, 2012
Sold by
Rusthoven Rick
Bought by
Rusty Investments Llc

Purchase Details

Listed on
Dec 28, 2011
Closed on
Mar 20, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Rusthoven Rick and Rusthoven Sarah J
Seller's Agent
Michael O`Hara
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Buyer's Agent
Patti Fore
Agent History
List Price
$72,500
Sold Price
$70,000
Premium/Discount to List
-$2,500
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.87%
Original Mortgage
$52,500
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2011
Sold by
Vargaz Evon and Vargaz Ricardo
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 22, 2011
Sold by
Vargas Richardo Lee and Vargas Evon
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Dec 20, 2006
Sold by
Kamp Sandra J and Vargaz Ricardo Lee
Bought by
Vargaz Ricardo Lee and Vargaz Evon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.16%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 14, 2003
Sold by
Vargaz Ricardo Lee
Bought by
Vargaz Ricardo Lee and Vargaz Evon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,750
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
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
Rusty Investments Llc -- None Available
Rusty Investments Llc -- None Available
Rusthoven Rick $70,000 Attorneys Title Agency Llc
Federal Home Loan Mortgage Corporation $1,000 None Available
Federal Home Loan Mortgage Corp $124,436 None Available
Vargaz Ricardo Lee -- None Available
Vargaz Ricardo Lee -- Montgomery Home Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rusthoven Rick $91,000
Previous Owner Rusthoven Rick $52,500
Previous Owner Vargaz Ricardo Lee $124,000
Previous Owner Vargaz Ricardo Lee $106,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2012 03/20/12 Sold $70,000 -3.4% --
01/27/2012 01/27/12 Pending -- -- --
12/28/2011 12/28/11 For Sale $72,500 -- --
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 $3,083 $161,300 $0 $0
2024 $3,083 $144,600 $0 $0
2023 $3,106 $125,000 $0 $0
2022 $2,891 $108,500 $0 $0
2021 $2,816 $96,400 $0 $0
2020 $2,633 $77,800 $0 $0
2019 $2,724 $71,900 $0 $0
2018 $2,683 $57,700 $0 $0
2017 $2,621 $52,300 $0 $0
2016 $2,550 $46,800 $0 $0
2015 $2,531 $46,800 $0 $0
2013 -- $43,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 11066050

Southwestern Michigan Association of REALTORS®

APN: 41-17-15-302-006