NOT LISTED FOR SALE

407 Gregory Terrace Decatur, MI 49045

Estimated Value: $158,000 - $437,800

Studio
-- Bath
-- Sq Ft
17,424 Sq Ft Lot

Sale Details

Date Sold: July 19, 2022

Last sale price $125,000

Est. 133% increase in value since last sale

Current estimated payment $2,039 / mo

225 Days on Market

About This Home

As of July 2022

Great 2 unit duplex only 1 block to Lake of the Woods public beach and 2 blocks to Decatur School Campus. Fantastic investment property or live in 1 side and let the 2nd unit rental make your payment. location...location....location!! Both units are 2 bedroom, 1 bath and rent for 600.00 per month with a great rental history. Both units have recently been updated including a large private rear deck overlooking a beautiful back yard. Note: Listings 21115098, 21115096 and 21096892 are available at a package price. Call listing agent.

Last Agent to Sell the Property

Mark Gale

Gale Realty, LLC License #6502357979 Listed on: 03/03/2022

Last Buyer's Agent

Matthew McCamman

Whitmore Realty Group, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,923

Year Built

  • Built in 1993

Lot Details

  • 17,424 Sq Ft Lot
  • Lot Dimensions are 130x207.46x30x191.65

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Crawl Space

Utilities

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

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,923

Year Built

Built in 1993

Lot Details

0.4 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1993
  • General Property Info:Basement: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 149900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt
  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.4
  • Lot Size Area: 0.4
  • Lot Dimensions: 130x207.46x30x191.65
  • Lot Size Sq Ft: 17424.0

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2923.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
Jul 19, 2022
Sold by
Duda Cathy R
Bought by
Menck William Fredrick and Menck Sandy
Seller's Agent
Mark Gale
Gale Realty, LLC
Buyer's Agent
Matthew McCamman
Whitmore Realty Group, LLC
Sold Price
$125,000
Current Estimated Value
$291,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,700
Avg. Annual Appreciation
25.82%
Original Mortgage
$100,000
Outstanding Balance
$95,253
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$196,447

Purchase Details

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

Purchase Details

Closed on
Dec 8, 1998
Sold by
Leighton Keith A and Leighton Loretta
Bought by
Leighton Keith
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Menck William Fredrick $125,000 Devries Brian T
Menck William Fredrick $125,000 Devries Brian T
Leighton Keith A -- --
Leighton Keith -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Menck William Fredrick $100,000
Closed Menck William Fredrick $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2022 07/19/22 Sold $125,000 -30.5% --
03/09/2022 03/09/22 Pending -- -- --
03/03/2022 03/03/22 For Sale -- -- --
11/21/2021 11/21/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $179,900 -- --
Source: MichRIC

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 $5,784 $228,300 $0 $0
2024 $2,802 $209,900 $0 $0
2023 $2,668 $187,800 $0 $0
2022 $3,193 $75,600 $0 $0
2021 $2,900 $67,200 $13,500 $53,700
2020 $2,923 $55,900 $13,500 $42,400
2019 $2,762 $50,400 $50,400 $0
2018 $2,706 $48,100 $48,100 $0
2017 $2,633 $43,700 $0 $0
2016 $2,606 $43,700 $0 $0
2015 $1,186 $43,700 $0 $0
2014 $1,215 $38,500 $0 $0
2013 -- $41,000 $41,000 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mark Gale

    Gale Realty, LLC

    (269) 767-7628

    20 Total Sales

    Mark Gale
    Section Image
  • Matthew McCamman

    Buyer's Agent in 2022

    Matthew McCamman

    Whitmore Realty Group, LLC

    (269) 547-5991

    15 Total Sales

    Matthew McCamman
    Section Image
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Map

Source: MichRIC

MLS Number: 21096892

MichRIC

APN: 80-43-050-012-00

Michigan Van Buren County Decatur 49045

407 Gregory Terrace, Decatur, MI

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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