NOT LISTED FOR SALE

415 S Main St Plainwell, MI 49080

Estimated Value: $204,000 - $276,000

6 Beds
2 Baths
2,318 Sq Ft
$107/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $60,000 $26 Per Sq Ft

Est. 312% increase in value since last sale

Current estimated payment $1,712/month

13 Days on Market

About This Home

As of February 2021

Don't miss out on this great investment opportunity in downtown Plainwell! Main floor unit has a mudroom with washer and dryer. Kitchen includes refrigerator and stove, large dining room and living room, 3 bedrooms and 1 full bathroom. Upstairs unit has a large living room, kitchen includes refrigerator and stove, 2 bedrooms and 1 full bathroom. Units are separately metered for gas/electric and both units are currently vacant.

Last Agent to Sell the Property

Sarah Barnes

Live Local Properties Listed on: 12/09/2020

Last Buyer's Agent

Tom Parker

Betten Real Estate License #6501226166

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1910

Lot Details

  • 8,712

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

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

Additional Features

  • Michigan Basement
  • 8,712 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 74900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Radiant, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2747.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2023
Sold by
Bowman Rental Properties Llc
Bought by
Bowman Rental Properties Llc
Current Estimated Value
$247,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,500
Outstanding Balance
$494,058
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
-$247,058

Purchase Details

Listed on
Dec 9, 2020
Closed on
Feb 5, 2021
Sold by
Radtke Carrie L and Derksen Carrie L
Bought by
Bowman Rental Properties Llc
Seller's Agent
Sarah Barnes
Live Local Properties
Buyer's Agent
Tom Parker
Betten Real Estate
List Price
$79,900
Sold Price
$60,000
Premium/Discount to List
-$19,900
-24.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.48%
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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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
Bowman Rental Properties Llc -- None Listed On Document
Bowman Rental Properties Llc -- None Listed On Document
Bowman Rental Properties Llc $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowman Rental Properties Llc $504,500
Closed Bowman Rental Properties Llc $504,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2021 02/05/21 Sold $60,000 -24.9% $26 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $79,900 -- $34 / Sq Ft
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 $5,017 $98,400 $10,900 $87,500
2024 $4,547 $91,900 $10,900 $81,000
2023 $4,598 $76,300 $10,900 $65,400
2022 $4,547 $69,400 $10,900 $58,500
2021 $3,000 $65,000 $10,900 $54,100
2020 $2,961 $62,100 $10,900 $51,200
2019 $2,748 $57,000 $10,900 $46,100
2018 $0 $50,600 $10,900 $39,700
2017 $0 $51,300 $10,900 $40,400
2016 $0 $47,600 $9,300 $38,300
2015 -- $47,600 $9,300 $38,300
2014 -- $41,700 $9,100 $32,600
2013 -- $40,600 $9,100 $31,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sarah Barnes

    Live Local Properties

    (269) 806-4741

    6 in this area

    57 Total Sales

    Sarah Barnes
    Section Image

  • T

    Buyer's Agent in 2021

    Tom Parker

    Betten Real Estate

    (800) 338-4650

    2 in this area

    25 Total Sales

    Tom Parker
    Section Image

  • T

    Buyer's Agent in 2021

    Thomas Parker

    ERA Reardon Realty

See All Agents

Map

Source: MichRIC

MLS Number: 20050109

MichRIC

APN: 55-410-125-00

Michigan Allegan County Plainwell 49080

415 S Main St, Plainwell, MI

Not Listed for Sale

MultiFamily

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