$150,000
SOLD SEP 30, 2024

421 Prospect Ave Alma, MI 48801

-- Bed
-- Bath
2,920 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$51 Per Sq Ft

12% Below List Price

62 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Attached Garage
  • Wood Siding
  • Front Porch
  • Forced Air Heating and Cooling System
  • 2-minute walk to Alma Dam

About This Home

As of September 2024

Investment opportunity! 3 units close to Alma College. Apt 1 on the ground floor has 3 bedrooms and 1.5 baths plus 3 other rooms. This unit also uses 1/2 the garage and the laundry facilities in the basement. Apt 2 on the second floor is a 2 bed,1 bath with living and dining/kitchen. All the rooms are very large. Seller provides one parking pass for the lot across the street with this unit. Others can be purchased for $30/yr. Apt 3 is a very large studio (approx 550 sq ft) with kitchen and bath and a parking pass included. Tenants pay their own gas and electricity. Landlord just pays for water/sewer. All units are on month-to- month leases. Buyers agent to verify all information and square footage. 24 hr notice to show. The units all have hardwood floors in many of their rooms. 2 newer furnaces and the roof was just replaced this year.

Last Agent to Sell the Property

Peter MacIntyre

RE/MAX Real Estate Professionals License #6506040989 Listed on: 06/28/2024

RE/MAX Real Estate Professionals

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1917

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 114x81x55x10x59x71

Parking

  • 2 Car Attached Garage
  • Additional Parking

Home Design

  • Block Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,920 Sq Ft Home
  • 2-Story Property
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Block Basement Construction
  • Laundry in Basement

Outdoor Features

  • Front Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $17,000

Community Details

Overview

  • 3 Units

Building Details

  • Water Sewer Expense $2,760
  • New Taxes Expense $4,026

Property Details

Home Type

Multi-Family

Year Built

Built in 1917

Lot Details

0

Parking

2

Listing Details

  • Gross Rent: 17000.0
  • Water Sewer Expenses: 2760.0
  • Misc Business Info Roof Type: Shingle
  • Tax Year: 2023
  • Misc Business Info Overall Building Siz: 2920
  • Levels: Two
  • Year Built: 1917
  • Lot Size Acres: 0.19
  • Lot Size: 114x81x55x10x59x71
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2920.0
  • General Property Info:Lot Size Dimensions: 114x81x55x10x59x71
  • General Property Info:Above Grade Finished Area: 2920.0
  • Levels:Two2: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:In Basement: Yes
  • Laundry Features:Washer Hookup: Yes
  • Foundation Details:Block4: Yes
  • Sewer:Public Sewer: Yes
  • Roof:Shingle: Yes
  • Cooling:Central Air: Yes
  • Exterior:Wood Siding: Yes
  • Flooring:Vinyl2: Yes
  • Flooring:Hardwood: Yes
  • Tax Info:Taxes2: 4026.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Building 1 Description: Multifamily
  • General Property Info:_pound_ of Units: 3
  • Annual Inc Expense:Tax Expense2: 4026.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Sump Pump
  • Heating: Forced Air, Natural Gas
  • Flooring: Hardwood, Vinyl
  • Property Type: Resid/Multi-Family
  • Full Basement: Yes
  • Basement:Sump Pump: Yes
  • Basement:Block2: Yes

Exterior Features

  • Roof: Shingle
  • Foundation Details: Block
  • RoadFrontageType: City Street
  • RoadSurfaceType: Paved
  • Patio And Porch Features: Front Porch
  • Construction Type: Wood Siding
  • Patio Porch Features:Front Porch: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • Parking Features: Additional Parking, Attached, Garage
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage2: Yes
  • Parking Features:Additional Parking: Yes
  • Misc Business Info:_pound_ Parking: 2
  • General Property Info:Parking Total: 3
  • Parking Features:Garage Spaces2: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • LaundryFeatures: Electric Dryer Hookup, In Basement, Washer Hookup
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas: Yes

Fee Information

  • Annual Water Sewer Expense: 2760.0

Schools

  • Junior High Dist: Alma

Lot Info

  • Lot Size Sq Ft: 8276.4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 3

Tax Info

  • New Taxes Expense: 4026.0
  • Tax Carrier Route: 1651

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Sep 30, 2024
Sold by
Sebastian Rick R
Bought by
Vansyckle Sean
Seller's Agent
Peter MacIntyre
RE/MAX Real Estate Professionals
List Price
$170,000
Sold Price
$150,000
Premium/Discount to List
-$20,000
-11.76%
Views
147
Current Estimated Value
$186,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,808
Avg. Annual Appreciation
19.96%

Purchase Details

Closed on
Jun 30, 2010
Sold by
Widman Frederick and Widman Renae
Bought by
Sebastian Rick R and Sebastian Linda

Purchase Details

Closed on
Apr 30, 1997
Bought by
Widman
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $150,000 --
Warranty Deed $75,000 --
Warranty Deed $68,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2024 09/30/24 Sold $150,000 -11.8% $51 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
06/28/2024 06/28/24 For Sale $170,000 -- $58 / Sq Ft
Source: Greater Lansing 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
2025 $4,026 $103,700 $0 $0
2024 $4,026 $95,100 $0 $0
2023 $292 $83,800 $0 $0
2022 $292 $85,200 $0 $0
2021 $292 $79,300 $0 $0
2020 $292 $75,700 $0 $0
2019 -- $63,100 $0 $0
2018 -- $59,900 $0 $0
2017 -- $60,900 $0 $0
2016 -- $52,500 $0 $0
2015 -- $50,300 $0 $0
2014 -- $51,900 $0 $0
2013 -- $51,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 281734

Greater Lansing Association of Realtors®

APN: 51-344-796-00