NOT LISTED FOR SALE

3894 Division Ave S Wayland, MI 49348

Estimated Value: $319,774 - $387,000

-- Bed
-- Bath
-- Sq Ft
1.61 Acres

Last Sold August 21, 2020

Last sale price $225,000

Est. 59% increase in value since last sale

Current estimated payment $2,376/month

78 Days on Market

About This Home

As of August 2020

Your chance to own this completely renovated and fully occupied 3-unit close to downtown Wayland. Units 1 and 3 both have 2 bedrooms and 1 bath. Unit 2 has 3 bedrooms and 1 bath. All of the plumbing and electrical is new in 2018. There is also a new well. Each unit has electric heat. Each unit has their own storage shed.

Last Agent to Sell the Property

Lynette Bowser

Shawn G Realty Group Listed on: 03/02/2020

Last Buyer's Agent

Gary Rivera

Five Star Real Estate (Grandv) License #6501383699

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,864

Year Built

  • Built in 1970

Lot Details

  • 1.61 Acre Lot

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Baseboard Heating
  • Natural Gas Connected
  • Well
  • Septic System
  • Cable TV Available

Community Details

  • 4 Buildings
  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,864

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 229900.0
  • Number of Buildings: 4
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Natural Gas Connected, Cable Connected
  • Water Source: Well

Lot Info

  • Lot Size Acres: 1.61
  • Lot Size Area: 1.61
  • Lot Size Sq Ft: 70132.0
  • Zoning Description: AG
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3864.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2021
Sold by
Muskat Sally
Bought by
Muskat Sally and Hunt Donald Lee
Current Estimated Value
$357,444

Purchase Details

Listed on
Mar 2, 2020
Closed on
Aug 21, 2020
Sold by
Stanton Erik D and Stanton Sandra
Bought by
Muskat Sally
Seller's Agent
Lynette Bowser
Shawn G Realty Group
Buyer's Agent
Gary Rivera
Five Star Real Estate (Grandv)
List Price
$229,900
Sold Price
$225,000
Premium/Discount to List
-$4,900
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.84%
Original Mortgage
$224,360
Outstanding Balance
$200,805
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$160,569

Purchase Details

Listed on
Jul 30, 2017
Closed on
May 3, 2018
Sold by
Lyzenga Danielie N
Bought by
Stanton Erik D and Stanton Sandra
Seller's Agent
David Niemeyer
Keller Williams Realty Rivertown
Buyer's Agent
Lynette Fitzpatrick
The Local Element
List Price
$250,000
Sold Price
$215,000
Premium/Discount to List
-$35,000
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.00%
Original Mortgage
$161,250
Interest Rate
4.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 26, 2016
Closed on
May 27, 2016
Sold by
Alflen Kevin G and Alflen Shawna L
Bought by
Lyzenga Danielle N
Seller's Agent
Robbie Brower
Bellabay Realty LLC
Buyer's Agent
David Niemeyer
Keller Williams Realty Rivertown
List Price
$104,900
Sold Price
$110,000
Premium/Discount to List
$5,100
4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.51%
Original Mortgage
$70,000
Interest Rate
2.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2012
Sold by
Hinkle Raymond and Hinkle Elaine L
Bought by
Alflen Kevin G and Alflen Shawna L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Muskat Sally -- None Available
Muskat Sally $228,500 First American Title Ins Co
Stanton Erik D $215,000 None Available
Lyzenga Danielle N $110,000 Americas One Title
Alflen Kevin G $85,000 Americas One Title
Alflen Kevin G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muskat Sally $9,028
Open Muskat Sally $37,000
Open Muskat Sally $224,360
Previous Owner Stanton Erik D $161,250
Previous Owner Alflen Kevin G $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $225,000 -2.1% --
05/19/2020 05/19/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $229,900 +6.9% --
05/03/2018 05/03/18 Sold $215,000 -14.0% --
03/20/2018 03/20/18 Pending -- -- --
07/30/2017 07/30/17 For Sale $250,000 +127.3% --
05/27/2016 05/27/16 Sold $110,000 +4.9% --
03/30/2016 03/30/16 Pending -- -- --
03/26/2016 03/26/16 For Sale $104,900 -- --
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 $5,332 $140,600 $16,800 $123,800
2024 $4,853 $137,000 $15,700 $121,300
2023 $4,853 $127,200 $15,700 $111,500
2022 $4,853 $113,400 $16,200 $97,200
2021 $4,561 $105,400 $16,800 $88,600
2020 $3,400 $98,100 $16,800 $81,300
2019 $4,053 $82,900 $15,800 $67,100
2018 $3,737 $79,100 $15,800 $63,300
2017 $0 $75,500 $15,800 $59,700
2016 $0 $60,600 $15,800 $44,800
2015 -- $60,600 $15,800 $44,800
2014 -- $64,300 $15,500 $48,800
2013 $2,720 $63,900 $15,500 $48,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20007688

Southwestern Michigan Association of REALTORS®

APN: 13-030-009-00