NOT LISTED FOR SALE

Estimated Value: $56,000 - $95,000

2 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold November 01, 2018

Last sale price $45,000

Est. 73% increase in value since last sale

Current estimated payment $529/month

17 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Under the Oaks

About This Home

As of November 2018

Same owner for over 20 years is now retiring. 13 Units, 5 Houses to be sold all together for $225,000. Properties wrap the corner of First and Wesley. Packaged price includes 311 1st (3 unit); 313 1st (2 unit); 342 W Wesley (3 unit); 336 W Wesley (2 unit); 334 W Wesley (3 unit). All properties are city certified. Great investment opportunity here!

Last Agent to Sell the Property

John O'Dowd

JOD REAL ESTATE GROUP License #6506048727 Listed on: 10/03/2018

Co-Listed By

Susan Mulvaney

C-21 Affiliated - Jackson License #6501183544

Last Buyer's Agent

Doug Beiswanger

Coldwell Banker Beiswanger Realty Group License #6502425012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $680

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 28x69

Home Design

  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Units
  • Livermore Wood Subdivision

Building Details

  • Operating Expense $2,294
  • Net Operating Income $20,106

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$680

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 28x69
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 679.88
  • Waterfront Options:Water Access YN: No Water Selection
  • General Property Info:Total _pound_ Units: 2
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Location Property Info:Subdivision2: Livermore Wood
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 43000.0
  • Road Surface Type: Paved
  • Water Body Name: None
  • Waterfront: No
  • Exterior Material:Wood Siding: Yes

Utilities

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

Association/Amenities

  • Association Info:Assoc Fee Payable: None

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 28x69
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres

Multi Family

  • Net Operating Income: 20106.0
  • Number of Units Total: 2
  • Operating Expense: 2294.0

Tax Info

  • Tax Annual Amount: 679.88

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2019
Sold by
Capital Midwest Holdings Llc
Bought by
New View Properties Llc
Current Estimated Value
$77,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,200
Outstanding Balance
$191,830
Interest Rate
3.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$117,163

Purchase Details

Listed on
Oct 3, 2018
Closed on
Nov 5, 2018
Sold by
Schweda Edward J and Schweda Diane
Bought by
Capital Midwest Holdings Llc
Seller's Agent
John O'Dowd
JOD REAL ESTATE GROUP
Buyer's Agent
Doug Beiswanger
Coldwell Banker Beiswanger Realty Group
Sold Price
$45,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%

Purchase Details

Closed on
Sep 21, 2006
Sold by
Whitehead Robert S and Whitehead Barbara J
Bought by
Schweda Edward and Schweda Diane
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
New View Properties Llc $299,000 None Available
Capital Midwest Holdings Llc $225,000 None Available
Schweda Edward M -- American Title Co
Schweda Edward $28,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open New View Properties Llc $243,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2018 11/01/18 Sold $45,000 -- --
10/20/2018 10/20/18 Pending -- -- --
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 $1,252 $28,300 $0 $0
2024 $1,083 $26,900 $0 $0
2023 $1,039 $23,300 $0 $0
2022 $1,144 $19,000 $0 $0
2021 $1,132 $17,350 $0 $0
2020 $1,118 $15,800 $0 $0
2019 $860 $12,250 $0 $0
2018 $694 $10,300 $0 $0
2017 $637 $10,000 $0 $0
2016 $549 $10,300 $10,300 $0
2015 $599 $10,300 $10,300 $0
2014 $599 $9,650 $0 $0
2013 -- $9,650 $9,650 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21035108

Southwestern Michigan Association of REALTORS®

APN: 4-037200000