NOT LISTED FOR SALE

339 Monroe St Allegan, MI 49010

Estimated Value: $195,000 - $283,000

-- Bed
5 Baths
3,128 Sq Ft
$80/Sq Ft Est. Value

Last Sold February 07, 2018

Last sale price $130,000 $42 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,892/month

14 Days on Market

Highlights

  • Hot Water Heating System
  • Laundry Facilities
  • Wood Siding
  • 4 Car Garage
  • High Speed Internet

About This Home

As of February 2018

Garage rents at $70.00 per month currently 3 plus 2 units. Per month laundry $50.00. Month to month all on all leases.

Last Agent to Sell the Property

Brad Boone

Berkshire Hathaway HomeServices MI License #6501261340 Listed on: 12/04/2017

Berkshire Hathaway HomeServices MI

Last Buyer's Agent

Brad Boone

Berkshire Hathaway HomeServices MI License #6501261340 Listed on: 12/04/2017

Berkshire Hathaway HomeServices MI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,470

Year Built

  • Built in 1900

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 66 x 128

Home Design

  • Metal Roof
  • Wood Siding

Basement

  • Partial Basement

Parking

  • 4 Car Garage
  • Unpaved Driveway

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Hot Water Heating System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Building Details

  • Insurance Expense $827
  • Utility Expense $2,895
  • Operating Expense $3,722
  • Gross Income $30,000
  • Net Operating Income $26,278

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,470

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: 66 x 128
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2470.0
  • Tax Info:Zoning3: R-2
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Heat Type:Hot Water: Yes
  • Heat Type:Radiant: Yes
  • Roofing:Metal: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 139900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Radiant, Hot Water
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8276.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 30000.0
  • Insurance Expense: 827.0
  • Net Operating Income: 26278.0
  • Number of Units Total: 4
  • Operating Expense: 3722.0

Tax Info

  • Tax Annual Amount: 2470.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2025
Sold by
Kapenga Patrick and Kapenga Cherith
Bought by
Crk Investing Llc and Happy Kappy Llc
Current Estimated Value
$251,002

Purchase Details

Closed on
Sep 14, 2023
Sold by
Kapenga Patrick
Bought by
Kapenga Patrick and Kapenga Cherith

Purchase Details

Closed on
Jul 7, 2023
Sold by
Bale Richard W
Bought by
Kapenga Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 4, 2017
Closed on
Feb 7, 2018
Sold by
Johnson Jaems G
Bought by
Bale Richard W
Seller's Agent
Brad Boone
Berkshire Hathaway HomeServices MI
Buyer's Agent
Brad Boone
Berkshire Hathaway HomeServices MI
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%

Purchase Details

Closed on
Dec 10, 2008
Sold by
U S Bank National Association
Bought by
Johnston James G

Purchase Details

Closed on
Feb 15, 2007
Sold by
Nelson Janet
Bought by
U S Bank Na and Structured Asset Securities Corp Mortgag

Purchase Details

Closed on
Sep 2, 2003
Sold by
Adams Larry D and Adams Deborah M
Bought by
Nelson Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
6.18%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 8, 1998
Sold by
Lesman Dale M
Bought by
Adams Larry
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
Crk Investing Llc -- None Listed On Document
Crk Investing Llc -- None Listed On Document
Kapenga Patrick -- Irongate Title
Kapenga Patrick $167,500 Irongate Title
Bale Richard W $130,000 West Michigan Realtors Title
Johnston James G $34,000 Rels Title
U S Bank Na $130,553 None Available
Nelson Janet $130,000 Chicago Title
Adams Larry -- --
Adams Larry $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kapenga Patrick $185,000
Previous Owner Adams Larry $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2018 02/07/18 Sold $130,000 -7.1% $42 / Sq Ft
12/18/2017 12/18/17 Pending -- -- --
12/04/2017 12/04/17 For Sale $139,900 -- $45 / Sq Ft
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 $6,778 $110,700 $14,600 $96,100
2024 $3,872 $107,500 $14,000 $93,500
2023 $4,000 $86,200 $13,200 $73,000
2022 $3,872 $72,100 $11,100 $61,000
2021 $3,715 $67,600 $8,800 $58,800
2020 $3,662 $65,500 $7,300 $58,200
2019 $3,578 $57,400 $6,400 $51,000
2018 $2,402 $50,000 $6,300 $43,700
2017 $0 $46,400 $5,300 $41,100
2016 $0 $37,900 $4,400 $33,500
2015 -- $37,900 $4,400 $33,500
2014 -- $38,800 $4,400 $34,400
2013 $3,334 $39,900 $4,400 $35,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17058011

Southwestern Michigan Association of REALTORS®

APN: 51-105-130-00