NOT LISTED FOR SALE

3509 Ostrum Rd Belding, MI 48809

Estimated Value: $290,878 - $411,000

-- Bed
3 Baths
2,588 Sq Ft
$135/Sq Ft Est. Value

Last Sold August 28, 2015

Last sale price $102,000 $39 Per Sq Ft

Est. 244% increase in value since last sale

Current estimated payment $2,271/month

49 Days on Market

Highlights

  • Corner Lot: Yes
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of August 2015

Large 4-Unit house on 1.26 acre corner lot. All units are rented and have excellent rental history. All units include electric range and refrigerator. All Units have their own utilities, fifth meter for pump, water softener and security light. Two units on main, two units up with covered steps to upper units.
Rent is collected on a weekly basis and paid as follows: Units 1 & 2 - $125.00 weekly,(these are 2-Bedroom, 1 Bath) Units 3 & 4 - $100.00 weekly. (these are 1- Bedroom, 1 Bath) Excellent Rental History. Many improvements done in the last 5 years by current Owner including,New Windows in Lower Units, New Siding, new toilets, New Flooring in all kitchens and Baths and all new Carpeting. Sq Ftg total 2,588, each unit Sq Ftg approx. Buyer to confirm

Last Agent to Sell the Property

Marlene Kroft

Best Homes of Michigan LLC License #6502403482 Listed on: 06/15/2015

Last Buyer's Agent

Jonathan Dinehart

Live Local Realty License #6502385999

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 1.26 Acre Lot
  • Lot Dimensions are 246.5x200
  • Corner Lot: Yes

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Baseboard Heating
  • Propane
  • Well
  • Septic System
  • Phone Connected

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas

Property Details

Home Type

Multi-Family

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: 246.5x200
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3230.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Substructure:Full: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Heat Type:Baseboard: Yes
  • Utilities Attached:Propane3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • List Price: 109900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Propane, Forced Air, Baseboard, Electric
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Propane, Telephone Line
  • Water Source: Well, Public
  • Water Well: Yes
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 1.26
  • Lot Size Area: 1.26
  • Lot Size Sq Ft: 54885.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3230.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2008
Sold by
Mahar Thomas W and Mahar Laurie A
Bought by
Mahar Thomas W and Mahar Laurie A
Current Estimated Value
$350,470
Source: Public Records

Range of Values:

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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
Mahar Thomas W -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2015 08/28/15 Sold $102,000 -14.9% $39 / Sq Ft
08/03/2015 08/03/15 Pending -- -- --
06/15/2015 06/15/15 For Sale $119,900 -- $46 / 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 $4,959 $146,000 $12,200 $133,800
2024 $1,147 $146,000 $12,200 $133,800
2023 $1,094 $102,600 $10,800 $91,800
2022 $1,042 $102,600 $10,800 $91,800
2021 $4,289 $100,400 $8,800 $91,600
2020 $1,000 $100,400 $8,800 $91,600
2019 $998 $106,300 $8,300 $98,000
2018 $4,062 $91,900 $8,300 $83,600
2017 $987 $91,900 $8,300 $83,600
2016 $998 $83,200 $8,300 $74,900
2015 -- $83,200 $8,300 $74,900
2014 $515 $75,400 $8,800 $66,600
Source: Public Records

Agents Affiliated with this Home

  • Marlene Kroft

    Seller's Agent in 2015

    Marlene Kroft

    Best Homes of Michigan LLC

    (616) 550-3693

    29 Total Sales

    Marlene Kroft
    Section Image
  • Jonathan Dinehart

    Buyer's Agent in 2015

    Jonathan Dinehart

    Live Local Realty

    (616) 813-8972

    201 Total Sales

    Jonathan Dinehart
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15031191

Southwestern Michigan Association of REALTORS®

APN: 120-021-000-055-00

Michigan Ionia County Belding 48809

3509 Ostrum Rd, Belding, MI

This home is located at 3509 Ostrum Rd, Belding, MI 48809 since 15 June 2015 and is currently estimated at $350,470, approximately $135 per square foot. This property was built in 1900. 3509 Ostrum Rd is a home located in Ionia County with nearby schools including Ellis Elementary School, Woodview Elementary School, and Belding Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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