NOT LISTED FOR SALE

Estimated Value: $247,007 - $303,000

Studio
-- Baths
-- Sq Ft
2,178 Sq Ft Lot

Sale Details

Date Sold: May 27, 2016

Last sale price $160,000

Est. 75% increase in value since last sale

Current estimated payment $1,824 / mo

4 Days on Market

About This Home

As of May 2016

Don't miss out on this charming duplex located in one of the most popular areas in town. With sights of Electric Cheetah, Meanwhile bar, Brick road pizza & Sparrows coffee shop this duplex is a instant hit with renters. The property is being sold at a 9.5% cap rate and is turn key for investors. It features separate utilities and owner only pays for water. All other expenses paid for by tenant. Both units are in great condition making this a tough to find rental property. Home is located in Wealthy Historic district.- Downstairs rents for $900 per month Lease ends 2/29/17 - 2 bed 1 bath.
Upstairs rents for $675/month - Lease ends 5/31/17 - 2 bed - 1 bath. Shared washer/dryer in basement that is accessible by both tenants. Call to see today. Won't last long.

Last Agent to Sell the Property

Lindsay VanDuinen-Scully

RE/MAX of Grand Rapids (Grandville) License #6501325437 Listed on: 04/25/2016

Co-Listed By

Michael Ledford

RE/MAX of Grand Rapids (FH) License #6501390899

Last Buyer's Agent

Ross Bacon

RE/MAX of Grand Rapids (FH) License #6501381489

RE/MAX of Grand Rapids (FH)

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,448

Year Built

  • Built in 1932

Lot Details

  • 2,178 Sq Ft Lot
  • Lot Dimensions are 50x50

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $4,383
  • Gross Income $18,900
  • Net Operating Income $14,517

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,448

Year Built

Built in 1932

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1932
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x50
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1448.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • List Price: 154900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 50x50
  • Lot Size Sq Ft: 2178.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 18900.0
  • Net Operating Income: 14517.0
  • Number of Units Total: 2
  • Operating Expense: 4383.0

Tax Info

  • Tax Annual Amount: 1448.0
  • Tax Year: 2016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2020
Sold by
Bought by
Current Estimated Value
$280,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Outstanding Balance
$137,217
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$143,285

Purchase Details

Closed on
Apr 30, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Outstanding Balance
$137,217
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$143,285

Purchase Details

Closed on
Jan 16, 2020
Sold by
Bought by

Purchase Details

Closed on
May 24, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,250
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 25, 2016
Closed on
May 27, 2016
Sold by
Bought by
Seller's Agent
Lindsay VanDuinen-Scully
RE/MAX of Grand Rapids (Grandville)
Buyer's Agent
Ross Bacon
RE/MAX of Grand Rapids (FH)
List Price
$154,900
Sold Price
$160,000
Premium/Discount to List
$5,100
3.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%
Original Mortgage
$119,250
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 2014
Sold by
Bought by

Purchase Details

Closed on
Sep 6, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.33%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 29, 2006
Sold by
Bought by

Purchase Details

Closed on
Nov 22, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,500
Interest Rate
8.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 7, 2000
Bought by

Purchase Details

Closed on
Oct 21, 1999
Sold by
Bought by

Purchase Details

Closed on
Oct 15, 1996
Bought by

Purchase Details

Closed on
Aug 20, 1996
Bought by

Purchase Details

Closed on
Jun 26, 1996
Bought by

Purchase Details

Closed on
Apr 21, 1995
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Baxter, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Sun Title Agency Of Michigan
-- None Available
-- None Available
$211,000 First American Title Ins Co
$160,000 Essential Title Agency Llc
-- None Available
$72,000 None Available
$86,376 None Available
-- Metropolitan Title Company
$45,000 Chicago Title
$72,000 Chicago Title
$45,000 --
-- --
$16,000 --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $158,000
Previous Owner $158,250
Previous Owner $119,250
Previous Owner $200,000
Previous Owner $82,500
Previous Owner $72,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/27/2016 05/27/16 Sold $160,000 +3.3% --
04/29/2016 04/29/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $154,900 -- --
Source: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,418 $96,300 $0 $0
2024 $33 $89,000 $0 $0
2023 $3,302 $78,800 $0 $0
2022 $3,139 $65,200 $0 $0
2021 $3,058 $58,600 $0 $0
2020 $2,532 $49,500 $0 $0
2019 $1,819 $40,700 $0 $0
2018 $1,763 $33,900 $0 $0
2017 $1,720 $28,500 $0 $0
2016 $1,347 $25,100 $0 $0
2015 $1,283 $25,100 $0 $0
2013 -- $26,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 16018582

MichRIC

APN: 41-14-32-102-014

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