NOT LISTED FOR SALE

413 S Michigan Ave Big Rapids, MI 49307

Estimated Value: $224,247 - $310,000

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

Last Sold July 26, 2016

Last sale price $165,000

Est. 53% increase in value since last sale

Current estimated payment $1,609/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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x150
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2520.0
  • 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
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Utilities Attached:Telephone Line: Yes
  • 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
  • Exterior Material:Vinyl Siding: Yes
  • 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%
Current Estimated Value
$252,062

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,062
Avg. Annual Appreciation
4.61%
Original Mortgage
$141,000
Outstanding Balance
$112,719
Interest Rate
3.54%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$139,343

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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: MichRIC

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
2025 $3,424 $113,600 $0 $0
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

    17 in this area

    76 Total Sales

    Randy Ostrander
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Map

Source: MichRIC

MLS Number: 16021454

MichRIC

APN: 5417-014-153-005

Michigan Mecosta County Big Rapids 49307

413 S Michigan Ave, Big Rapids, MI

Not Listed for Sale

MultiFamily

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