NOT LISTED FOR SALE

Estimated Value: $469,486

-- Bed
1 Bath
-- Sq Ft
8,712 Sq Ft Lot

Last Sold June 15, 2012

Last sale price $200,000

Est. 135% increase in value since last sale

Current estimated payment $2,809/month

8 Days on Market

About This Home

As of June 2012

Great student rental located within walking distance to K College and Western. 7 unit apartment building, 6 one bedroom units and one 2 bedroom unit. On site laundry, Plenty of Parking. Currenly produces $3620 in rent every month. Turn key operation. Would be perfect to live in and rent or just sit at home and make money. Property usually rents in a weekend. Shared parking lot with 429 Standwood which is also for sale. May be able to put a package deal together on both. 48 hours notice and a pre-approval letter required to view this property. This could also go as a package with 421 and 429 Stanwood at $450k. You could almost own the whole block.

Last Listed By

Mike Allen

Berkshire Hathaway HomeServices MI License #6501339475 Listed on: 04/03/2012

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,375

Year Built

  • Built in 1962

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 7 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

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

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,375

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • Year Built: 1962
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Brick
  • List Price: 250000.0
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 7.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: Rm-15C

Rental Info

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

Tax Info

  • Tax Annual Amount: 4375.0

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

Mortgage History

Date Status Borrower Loan Amount
Closed Emjo Properties Llc $185,000
Closed Stanwood Apartments Llc $688,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2012 06/15/12 Sold $200,000 -20.0% --
04/11/2012 04/11/12 Pending -- -- --
04/03/2012 04/03/12 For Sale $250,000 -- --
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 $2,169 $114,300 $0 $0
2023 $2,065 $130,900 $0 $0
2022 $5,518 $103,700 $0 $0
2021 $4,432 $95,000 $0 $0
2020 $4,722 $87,100 $0 $0
2019 $4,883 $82,000 $0 $0
2018 $4,217 $77,800 $0 $0
2017 $4,017 $74,300 $0 $0
2016 $4,017 $60,200 $0 $0
2015 $4,017 $59,700 $0 $0
2014 $4,017 $57,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12017852

Southwestern Michigan Association of REALTORS®

APN: 06-21-132-003