NOT LISTED FOR SALE

381 Houston Ave Muskegon, MI 49441

Nelson Neighborhood

Estimated Value: $385,097

-- Bed
1 Bath
-- Sq Ft
8,712 Sq Ft Lot

Last Sold April 16, 2018

Last sale price $160,000

Est. 141% increase in value since last sale

Current estimated payment $2,500/month

5 Days on Market

Highlights

  • Halls are 36 inches wide or more
  • High Speed Internet
  • 3-minute walk to St Joseph Park
  • Forced Air Heating System
  • Doors are 36 inches wide or more

About This Home

As of April 2018

Great Income Property Currently being utilized as a 16 bed Adult Foster Care Home. Tenant has a triple net lease in place through 2021 at $2,600 per month ($2,200 rent / $400 property taxes). Home is equipped with fire alarms and sprinkler systems. Renter pays everything including taxes, insurance, maintenance and repairs.The home features seven bedrooms 2 full and 3 partial baths. There is also a 3 bedroom one bath staff apartment. Instant cash flow. This is a rare opportunity. Home is located in midtown, close to Hackley Park and near downtown and the LC Walker arena and Frauenthal Theater.

Last Agent to Sell the Property

David Medendorp

Medendorp Real Estate Group License #6502399695 Listed on: 01/10/2018

Last Buyer's Agent

David Medendorp

Medendorp Real Estate Group License #6502399695 Listed on: 01/10/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,600

Year Built

  • Built in 1940

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x132

Parking

  • 4 Parking Spaces

Home Design

  • Concrete Siding

Basement

  • Basement Fills Entire Space Under The House

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors are 36 inches wide or more
  • Stepless Entry

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 6 Units

Listing and Financial Details

  • Tenant pays for water, trash collection, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,600

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3600.0
  • General Property Info:Total _pound_ Units: 6
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Accessibility Feat:_three_6_squote_ or Hallway: Yes
  • Accessibility Feat:No Step Entrance: Yes
  • Accessibility Feat:_three_6 Inch Entrance Doo: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36 Inch Entrance Doo, 36' or + Hallway, No Step Entrance

Exterior Features

  • Construction Materials: Concrete
  • List Price: 159900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes
  • Exterior Material:Concrete: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Trash Collection, Sewer

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 3600.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2018
Closed on
Apr 11, 2018
Sold by
S And S Rentals L L C
Bought by
Lake Harbor Properties Llc
Seller's Agent
David Medendorp
Medendorp Real Estate Group
Buyer's Agent
David Medendorp
Medendorp Real Estate Group
List Price
$159,900
Sold Price
$160,000
Premium/Discount to List
$100
0.06%
Current Estimated Value
$385,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,097
Avg. Annual Appreciation
11.78%
Original Mortgage
$120,000
Outstanding Balance
$103,836
Interest Rate
4.43%
Mortgage Type
Commercial
Estimated Equity
$261,776

Purchase Details

Closed on
Mar 15, 2007
Sold by
Clc Properties Inc
Bought by
S & S Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2006
Sold by
Mcgahan Michael T and Mcgahan Lisa R
Bought by
Clc Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2004
Sold by
American Afc Inc
Bought by
Clc Properties Inc

Purchase Details

Closed on
Apr 16, 2003
Sold by
Clc Properties Inc
Bought by
American Afc Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 2, 2003
Sold by
Lightfoot Bobbie
Bought by
Mcgahan Michael T and Mcgahan Lisa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.87%
Mortgage Type
Commercial
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
Lake Harbor Properties Llc -- Essential Title
S & S Rentals Llc $155,000 White Lake Title Agency Inc
Clc Properties Inc -- Unified Title & Settlement
Mcgahan Michael T -- Unified Title & Settlement
Clc Properties Inc -- --
American Afc Inc -- --
Mcgahan Michael T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake Harbor Properties Llc $120,000
Previous Owner S & S Rentals Llc $152,500
Previous Owner Mcgahan Michael T $52,500
Previous Owner Clc Properties Inc $122,500
Previous Owner Mcgahan Michael T $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2018 04/16/18 Sold $160,000 +0.1% --
01/15/2018 01/15/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $159,900 -- --
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 $5,377 $126,900 $0 $0
2024 $1,014 $114,900 $0 $0
2023 $970 $110,100 $0 $0
2022 $4,929 $96,400 $0 $0
2021 $4,542 $84,700 $0 $0
2020 $4,442 $81,300 $0 $0
2019 $4,511 $69,100 $0 $0
2018 $3,910 $64,200 $0 $0
2017 $3,862 $58,900 $0 $0
2016 $619 $57,600 $0 $0
2015 -- $53,900 $0 $0
2014 $605 $53,400 $0 $0
2013 -- $51,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Medendorp

    Seller's Agent in 2018

    David Medendorp

    Medendorp Real Estate Group

    (231) 206-3367

    11 in this area

    346 Total Sales

    David Medendorp
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18000956

Southwestern Michigan Association of REALTORS®

APN: 24-205-369-0002-00

Michigan Muskegon County Muskegon 49441 Nelson

381 Houston Ave, Muskegon, MI

This home is located at 381 Houston Ave, Muskegon, MI 49441 since 10 January 2018 and is currently estimated at $385,097. This property was built in 1940. 381 Houston Ave is a home located in Muskegon County with nearby schools including Muskegon Maritime Academy, Muskegon Covenant Academy, and Muskegon Heights Academy.

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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