NOT LISTED FOR SALE

35 S 3rd St Niles, MI 49120

Estimated Value: $182,000 - $657,807

6 Beds
4 Baths
-- Sq Ft
7,198 Sq Ft Lot

Last Sold May 31, 2022

Last sale price $157,920

Est. 49% increase in value since last sale

Current estimated payment $1,565/month

33 Days on Market

About This Home

As of May 2022

Calling all investors! Great opportunity to buy this 4 unit rental property. Close to downtown, great rental history.

Last Agent to Sell the Property

Browning Chabot

Cressy & Everett Real Estate License #6501373342 Listed on: 04/15/2022

Last Buyer's Agent

Katie Hess

Cressy & Everett Real Estate License #6501318162

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,006

Year Built

  • Built in 1940

Lot Details

  • 7,198

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Shingle Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Additional Features

  • Michigan Basement
  • 7,198 Sq Ft Lot

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,006

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Shingle Siding
  • List Price: 168000.0
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7198.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2006.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
May 31, 2022
Sold by
Urhome Llc
Bought by
Wallace Stephen Vincent
Seller's Agent
Browning Chabot
Cressy & Everett Real Estate
Buyer's Agent
Katie Hess
Cressy & Everett Real Estate
List Price
$168,000
Sold Price
$157,920
Premium/Discount to List
-$10,080
-6%
Current Estimated Value
$234,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,704
Avg. Annual Appreciation
21.26%

Purchase Details

Listed on
Jul 12, 2016
Closed on
Sep 30, 2016
Sold by
Garr Tracy Schumacher
Bought by
Ur Home Llc
Seller's Agent
Robin Sharpe
Cressy & Everett Real Estate
Buyer's Agent
Tonya Teter-Hans
Teter Realty Inc.
List Price
$40,000
Sold Price
$32,000
Premium/Discount to List
-$8,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.52%

Purchase Details

Listed on
Jan 11, 2014
Closed on
Feb 28, 2014
Sold by
Cossman Dave and Cossman Patricia
Bought by
Schumacher Marc
Seller's Agent
Robin Sharpe
Cressy & Everett Real Estate
Buyer's Agent
Robin Sharpe
Cressy & Everett Real Estate
List Price
$45,000
Sold Price
$40,000
Premium/Discount to List
-$5,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.25%

Purchase Details

Closed on
Jun 30, 2000

Purchase Details

Closed on
Jul 13, 1995

Purchase Details

Closed on
Jan 3, 1991

Purchase Details

Closed on
Apr 11, 1990

Purchase Details

Closed on
Aug 17, 1989

Purchase Details

Closed on
Jun 30, 1987

Purchase Details

Closed on
Jun 11, 1982

Purchase Details

Closed on
Aug 1, 1976
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wallace Stephen Vincent $332,500 First American Title
Ur Home Llc $32,000 Attorney
Schumacher Marc $40,000 Chicago Title Of Michigan
-- $60,000 --
-- $49,900 --
-- $100 --
-- $100 --
-- $35,000 --
-- $14,000 --
-- $14,000 --
-- $48,000 --
-- $16,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2022 05/31/22 Sold $157,920 -6.0% --
05/18/2022 05/18/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $168,000 +425.0% --
09/30/2016 09/30/16 Sold $32,000 -20.0% -- View Prior Sale
08/08/2016 08/08/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $40,000 0.0% --
02/28/2014 02/28/14 Sold $40,000 -11.1% -- View Prior Sale
02/28/2014 02/28/14 Pending -- -- --
01/11/2014 01/11/14 For Sale $45,000 -- --
Source: MichRIC

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 $4,069 $108,700 $0 $0
2024 $2,113 $100,900 $0 $0
2023 $2,026 $67,600 $0 $0
2022 $1,073 $62,000 $0 $0
2021 $2,006 $57,900 $3,800 $54,100
2020 $1,983 $44,700 $0 $0
2019 $1,956 $44,500 $10,500 $34,000
2018 $1,886 $44,500 $0 $0
2017 $1,866 $38,100 $0 $0
2016 $1,835 $35,100 $0 $0
2015 $1,830 $31,700 $0 $0
2014 $836 $31,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22012802

MichRIC

APN: 11-73-2700-0044-00-8