NOT LISTED FOR SALE

422 E Lincoln Ave Ionia, MI 48846

Estimated Value: $198,000 - $209,000

8 Beds
4 Baths
2,000 Sq Ft
$102/Sq Ft Est. Value

Last Sold July 01, 2014

Last sale price $65,000 $32 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $1,503/month

154 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Perry Park

About This Home

As of July 2014

Great investment opportunity for a low maintenance apartment building. Quality built and very well maintained with an exceptional rental history. Two 2 bedroom apartments and two one bedroom apartments. Decks and Porches. Ample Parking. Owner pays water, sewer and garbage. Two tenants pay gas and electric. Owner pays gas and electric for two units.

Last Agent to Sell the Property

Jonathan Dinehart

Live Local Realty License #6502385999 Listed on: 01/14/2014

Last Buyer's Agent

Jonathan Dinehart

Coldwell Banker Professionals

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1976

Lot Details

  • 0.34 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Wood Siding

Utilities

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

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,459
  • Operating Expense $7,599
  • Gross Income $24,900
  • Net Operating Income $17,301

Property Details

Home Type

Apartment

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 89900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.34
  • Lot Size Area: 0.34
  • Lot Size Sq Ft: 14810.0
  • Zoning Description: RM-1

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 24900.0
  • Insurance Expense: 1459.0
  • Net Operating Income: 17301.0
  • Number of Units Total: 3
  • Operating Expense: 7599.0

Tax Info

  • Tax Annual Amount: 2249.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2025
Sold by
Amped Properties Llc
Bought by
Nurenberg Props Pewamo Llc
Current Estimated Value
$207,864

Purchase Details

Closed on
Sep 24, 2004
Sold by
Morgan Christopher
Bought by
S V M Enterprises Llc

Purchase Details

Closed on
Jun 13, 2002
Bought by
Svm Enterprises Llc
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 Buyer Sale Price Title Company
Nurenberg Props Pewamo Llc $200,000 Sun Title Agency/Mi Llc
S V M Enterprises Llc -- --
Svm Enterprises Llc $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner S V M Enterprises Llc $108,000
Previous Owner Waters Robert Thomas $23,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2014 07/01/14 Sold $65,000 -27.7% $33 / Sq Ft
06/17/2014 06/17/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $89,900 -- $45 / Sq Ft
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
2025 $4,377 $84,800 $15,700 $69,100
2024 $4,166 $84,800 $15,700 $69,100
2023 $3,973 $59,000 $11,600 $47,400
2022 $1,847 $56,900 $10,200 $46,700
2021 $1,885 $48,100 $10,200 $37,900
2020 $1,781 $48,100 $10,200 $37,900
2019 $1,592 $45,800 $8,500 $37,300
2018 $1,813 $39,900 $7,500 $32,400
2017 $1,574 $39,900 $7,500 $32,400
2016 $1,592 $30,300 $5,000 $25,300
2015 -- $30,300 $5,000 $25,300
2014 $2,642 $43,000 $6,200 $36,800
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Dinehart

    Seller's Agent in 2014

    Jonathan Dinehart

    Live Local Realty

    (616) 813-8972

    206 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14002574

Southwestern Michigan Association of REALTORS®

APN: 204-200-000-050-00

Michigan Ionia County Ionia 48846

422 E Lincoln Ave, Ionia, MI

This home is located at 422 E Lincoln Ave, Ionia, MI 48846 since 14 January 2014 and is currently estimated at $203,590, approximately $101 per square foot. This property was built in 1976. 422 E Lincoln Ave is a home located in Ionia County with nearby schools including Ionia High School, Saints Peter and Paul Catholic School, and Ionia Seventh Day Adventist Elementary 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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