NOT LISTED FOR SALE

3430 Cedar Ln Bridgman, MI 49106

Estimated Value: $288,000 - $302,000

2 Beds
2 Baths
-- Sq Ft
0.3 Acres

Last Sold February 10, 2023

Last sale price $235,000

Est. 25% increase in value since last sale

Current estimated payment $1,876/month

4 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 4 Car Garage
  • Level Lot
  • Bridgman Elementary School Rated A

About This Home

As of February 2023

Well maintained, one owner duplex built by a local quality contractor. Tenant in Unit 1 (3430) has been leasing for 15 years at $635 per month, and tenant in Unit 2 (3434) has been leasing for 14 years at $660 per month. Leases are expired and tenants are presently renting by month. Located in Lake Township and Bridgman Schools, this duplex is only a short driving distance to Weko Beach on Lake Michigan. Enjoy the numerous golf courses, shopping, wineries, breweries, cultural activities and everything offered in Michigan's Great Southwest. Tenants occupying both units - 24 hour notice for all showings.

Last Agent to Sell the Property

Donald Kamp

@properties Christie's International R.E. License #6506044717 Listed on: 01/09/2023

@properties Christie's International R.E.

Last Buyer's Agent

The Frazee Team

Century 21 Affiliated License #6502430934

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,100

Year Built

  • Built in 1972

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 99 x 129'
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof

Basement

  • Crawl Space

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,100

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1972
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 99 x 129'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 2100.0
  • Tax Info:Zoning3: R-1
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • 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
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: 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:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Crawl Space: Yes
  • Extras:Sep Gas Meter: Yes
  • Extras:Sep Water Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Brick
  • List Price: 240000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 13068.0
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2100.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2023
Closed on
Feb 21, 2023
Sold by
Theresia Gollnast Trust
Bought by
Mcghee Scott
Seller's Agent
Donald Kamp
@properties Christie's International R.E.
Buyer's Agent
The Frazee Team
Century 21 Affiliated
List Price
$240,000
Sold Price
$235,000
Premium/Discount to List
-$5,000
-2.08%
Views
32
Current Estimated Value
$293,554

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,554
Avg. Annual Appreciation
9.71%
Original Mortgage
$188,000
Outstanding Balance
$119,060
Interest Rate
6.48%
Mortgage Type
Balloon
Estimated Equity
$179,106

Purchase Details

Closed on
Nov 11, 1998
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
Mcghee Scott -- First American Title
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcghee Scott $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2023 02/10/23 Sold $235,000 -2.1% --
01/13/2023 01/13/23 Pending -- -- --
01/09/2023 01/09/23 For Sale $240,000 -- --
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 $3,468 $118,100 $0 $0
2024 $2,701 $115,400 $0 $0
2023 $1,704 $93,100 $0 $0
2022 $1,623 $87,400 $0 $0
2021 $1,976 $83,600 $10,900 $72,700
2020 $1,951 $84,700 $0 $0
2019 $1,920 $62,700 $11,200 $51,500
2018 $1,872 $62,700 $0 $0
2017 $1,876 $63,800 $0 $0
2016 $1,826 $62,300 $0 $0
2015 $1,824 $62,300 $0 $0
2014 $1,442 $63,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23000717

Southwestern Michigan Association of REALTORS®

APN: 11-11-3200-0011-00-5