NOT LISTED FOR SALE

408 S Michigan Ave Big Rapids, MI 49307

Estimated Value: $378,273 - $476,000

13 Beds
3 Baths
-- Sq Ft
0.69 Acres

Last Sold October 01, 2020

Last sale price $260,000

Est. 58% increase in value since last sale

Current estimated payment $2,710/month

6 Days on Market

About This Home

As of October 2020

INVESTORS TAKE NOTICE!
This turn of the century home was originally built as a lumberman's mansion. This historic site located on the student corridor is currently being used as the Sigma Pi Fraternity house. This 12 bedroom, 6 bathroom (including community bathroom that offers 3 stalls, 2 showers & 3 sinks) home offers excellent rental history with remarkable income year after year and the students wish to live here for years to come.

Last Agent to Sell the Property

Tricia Wirth

Results Real Estate LLC License #6502421377 Listed on: 09/09/2020

Last Buyer's Agent

Brittney Ruffner-Humm

Green Real Estate License #6501402994

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 0.69

Parking

  • 16 Parking Spaces

Home Design

  • Composition Roof

Utilities

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

Additional Features

  • Walk-Out Basement
  • 0.69 Acre Lot

Listing and Financial Details

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

Property Details

Home Type

Apartment

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk Out

Exterior Features

  • List Price: 314900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 16.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.69
  • Lot Size Area: 0.69
  • Lot Size Sq Ft: 30056.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 1

Tax Info

  • Tax Annual Amount: 7173.8
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2020
Closed on
Oct 1, 2020
Sold by
Delta Beta Properties Llc
Bought by
Br Commericial Property Services Llc
Seller's Agent
Tricia Wirth
Results Real Estate LLC
Buyer's Agent
Brittney Ruffner-Humm
Green Real Estate
List Price
$314,900
Sold Price
$260,000
Premium/Discount to List
-$54,900
-17.43%
Total Days on Market
6
Current Estimated Value
$411,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,068
Avg. Annual Appreciation
10.24%

Purchase Details

Closed on
Jul 27, 2015
Sold by
Lambda Chi Alpha Properties Inc
Bought by
Delta Beta Properties Llc
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
Br Commericial Property Services Llc $260,000 Surveyors Title Company
Delta Beta Properties Llc $120,000 Greco Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Br Commercial Property Service $256,000
Closed Br Commercial Property Services Llc $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Sold $260,000 -17.4% --
09/15/2020 09/15/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $314,900 -- --
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 -- $169,500 $0 $0
2023 -- $156,400 $0 $0
2022 $7,948 $135,900 $0 $0
2021 $7,948 $130,100 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2014 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tricia Wirth

    Seller's Agent in 2020

    Tricia Wirth

    Results Real Estate LLC

    (231) 465-4167

    403 Total Sales

    Tricia Wirth
    Section Image

  • B

    Buyer's Agent in 2020

    Brittney Ruffner-Humm

    Green Real Estate

    (866) 954-7336

    16 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20037423

Southwestern Michigan Association of REALTORS®

APN: 5417-014-152-001

Michigan Mecosta County Big Rapids 49307

408 S Michigan Ave, Big Rapids, MI

This home is located at 408 S Michigan Ave, Big Rapids, MI 49307 since 09 September 2020 and is currently estimated at $411,068. This property was built in 1900. 408 S Michigan Ave is a home located in Mecosta County with nearby schools including Big Rapids High School, Crossroads Charter Academy Elementary School, and Crossroads Charter Academy Middle/High 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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