NOT LISTED FOR SALE

413 S Michigan Ave Big Rapids, MI 49307

Estimated Value: $209,050 - $329,000

-- Bed
-- Bath
-- Sq Ft
7,500 Sq Ft Lot

Last Sold July 26, 2016

Last sale price $165,000

Est. 52% increase in value since last sale

Current estimated payment $1,655/month

55 Days on Market

About This Home

As of July 2016

Great income producing opportunity only a couple blocks from Ferris or Downtown. Currently leased out until May 2017. Two 4 bedroom units that rent out for $460 per bedroom (includes utilities)FREE Laundry room and every bedroom can handle a queen size bed.

Last Agent to Sell the Property

Randy Ostrander

Lake and Lodge Realty LLC License #6502354520 Listed on: 05/07/2016

Last Buyer's Agent

Randy Ostrander

Lake and Lodge Realty LLC License #6502354520 Listed on: 05/07/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,520

Year Built

  • Built in 1900

Lot Details

  • 7,500 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,520

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: Basement

Exterior Features

  • List Price: 175000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7500.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2520.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2016
Closed on
Jul 26, 2016
Sold by
Heavner William Larry and Heavner Cathy Louise
Bought by
Freeman Eric John
Seller's Agent
Randy Ostrander
Lake and Lodge Realty LLC
Buyer's Agent
Randy Ostrander
Lake and Lodge Realty LLC
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%
Total Days on Market
55
Current Estimated Value
$251,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,013
Avg. Annual Appreciation
4.62%
Original Mortgage
$141,000
Outstanding Balance
$114,225
Interest Rate
3.54%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$132,105

Purchase Details

Closed on
Jun 2, 2011
Sold by
Heavner William L and Heavner Cathy L
Bought by
Heavner William Larry and Heavner Cathy Louise
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
Freeman Eric John $165,000 Lakeland Title
Heavner William Larry -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freeman Eric John $141,000
Previous Owner Heavner William L $74,810
Previous Owner Heavner William L $51,373
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2016 07/26/16 Sold $165,000 -5.7% --
07/01/2016 07/01/16 Pending -- -- --
05/07/2016 05/07/16 For Sale $175,000 -- --
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 -- $101,800 $0 $0
2023 -- $93,500 $0 $0
2022 $3,283 $79,900 $0 $0
2021 $3,283 $76,400 $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

  • Randy Ostrander

    Seller's Agent in 2016

    Randy Ostrander

    Lake and Lodge Realty LLC

    (231) 250-9802

    93 Total Sales

    Randy Ostrander
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16021454

Southwestern Michigan Association of REALTORS®

APN: 5417-14-153-005

Michigan Mecosta County Big Rapids 49307

413 S Michigan Ave, Big Rapids, MI

This home is located at 413 S Michigan Ave, Big Rapids, MI 49307 since 07 May 2016 and is currently estimated at $251,013. This property was built in 1900. 413 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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