NOT LISTED FOR SALE

406 Gregory Terrace Decatur, MI 49045

Estimated Value: $210,000 - $691,000

-- Bed
1 Bath
-- Sq Ft
0.49 Acres

Last Sold May 13, 2022

Last sale price $165,000

Est. 181% increase in value since last sale

Current estimated payment $2,718/month

173 Days on Market

About This Home

As of May 2022

Beautiful 2 unit duplex on a gorgeous lot 1 block for Lake of the Woods and 2 blocks to Decatur High School Campus. Tenant occupied and great rental history. Note: Listings 21115098, 21115096 and 21096892 are available as a package price. Call listing agent.

Last Agent to Sell the Property

Mark Gale

Gale Realty, LLC License #6502357979 Listed on: 04/21/2022

Last Buyer's Agent

Brian McDonald

RE/MAX Executive License #6502426295

RE/MAX Executive

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,311

Year Built

  • Built in 1998

Lot Details

  • 0.49

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Crawl Space
  • 0.49 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,311

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 179900.0
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.49
  • Lot Size Area: 0.49
  • Lot Size Sq Ft: 21430.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 19, 2022
Sold by
Duda Cathy R
Bought by
Mcdonald Brian K
Seller's Agent
Mark Gale
Gale Realty, LLC
Buyer's Agent
Brian McDonald
RE/MAX Executive
List Price
$179,900
Sold Price
$165,000
Premium/Discount to List
-$14,900
-8.28%
Current Estimated Value
$463,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,419
Avg. Annual Appreciation
37.67%
Original Mortgage
$116,250
Outstanding Balance
$111,246
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$352,173

Purchase Details

Closed on
Jul 25, 2003
Sold by
Leighton Keith
Bought by
Leighton Keith A and Leighton Loretta L

Purchase Details

Closed on
Jan 20, 1998
Sold by
Lighton Keith
Bought by
Leighton Gordon J
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
Mcdonald Brian K $165,000 Devries Brian T
Leighton Keith A -- --
Leighton Gordon J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonald Brian K $116,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $165,000 -8.3% --
05/05/2022 05/05/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $179,900 0.0% --
03/09/2022 03/09/22 Pending -- -- --
03/01/2022 03/01/22 For Sale -- -- --
11/21/2021 11/21/21 Pending -- -- --
11/13/2021 11/13/21 For Sale $179,900 -- --
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
2024 $2,311 $279,500 $0 $0
2023 $6,652 $249,300 $0 $0
2022 $4,038 $94,300 $0 $0
2021 $3,669 $82,800 $10,100 $72,700
2020 $3,697 $67,500 $10,100 $57,400
2019 $3,493 $60,100 $60,100 $0
2018 $3,420 $57,000 $57,000 $0
2017 $3,328 $50,900 $0 $0
2016 $3,296 $50,800 $0 $0
2015 $1,496 $50,800 $0 $0
2014 $1,526 $48,700 $0 $0
2013 -- $51,400 $51,400 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mark Gale

    Gale Realty, LLC

    (269) 767-7628

    18 Total Sales

    Section Image
  • Brian McDonald

    Buyer's Agent in 2022

    Brian McDonald

    RE/MAX Michigan

    (616) 291-4411

    509 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21115096

Southwestern Michigan Association of REALTORS®

APN: 80-43-050-006-00

Michigan Van Buren County Decatur 49045

406 Gregory Terrace, Decatur, MI

This home is located at 406 Gregory Terrace, Decatur, MI 49045 since 21 April 2022 and is currently estimated at $463,419. This property was built in 1998. 406 Gregory Terrace is a home located in Van Buren County with nearby schools including Davis Elementary School, Decatur High School, and Decatur 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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