NOT LISTED FOR SALE

422 E Main St Lowell, MI 49331

Estimated Value: $129,129 - $265,000

3 Beds
3 Baths
2,160 Sq Ft
$91/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $65,000 $30 Per Sq Ft

Est. 203% increase in value since last sale

Current estimated payment $1,352/month

202 Days on Market

Highlights

  • Forced Air Heating System
  • 4 Car Garage
  • Wood Siding
  • Cherry Creek Elementary School Rated A-

About This Home

As of May 2017

Loads of potential in this 6 unit rental. Located on Main Street in the downtown Lowell area. Currently One unit rented. The other units are one bedroom with a shared bath on the upper level. The best use would be a duplex or single family home.

Last Agent to Sell the Property

Kevin Knoll

Five Star Real Estate (Grandv) License #6501226121 Listed on: 09/29/2016

Five Star Real Estate (Grandv)

Last Buyer's Agent

Kevin Knoll

Five Star Real Estate (Grandv) License #6501226121 Listed on: 09/29/2016

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 8,581

Parking

  • 4 Car Garage

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Michigan Basement
  • 8,581 Sq Ft Lot

Community Details

  • 6 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1929
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 00x00
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3907.0
  • Tax Info:Zoning3: commercial res
  • General Property Info:Total _pound_ Units: 6
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: 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:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: 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
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8581.0
  • Zoning Description: commercial res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 3907.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2016
Closed on
May 31, 2017
Sold by
Cahoon Roger D
Bought by
Executive Home Care Llc
Seller's Agent
Kevin Knoll
Five Star Real Estate (Grandv)
Buyer's Agent
Kevin Knoll
Five Star Real Estate (Grandv)
List Price
$74,900
Sold Price
$65,000
Premium/Discount to List
-$9,900
-13.22%
Current Estimated Value
$197,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,065
Avg. Annual Appreciation
13.90%

Purchase Details

Closed on
Jan 5, 2001
Sold by
Cahoon Margaret Victoria and Cahoon Margaret V
Bought by
Cahoon Roger Donald

Purchase Details

Closed on
Nov 10, 1999
Sold by
Hahn Est
Bought by
Cahoon Cahoon R and Cahoon Roger D
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
Executive Home Care Llc -- None Available
Cahoon Roger Donald -- --
Cahoon Cahoon R $82,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2017 05/31/17 Sold $65,000 -13.2% $30 / Sq Ft
04/19/2017 04/19/17 Pending -- -- --
09/29/2016 09/29/16 For Sale $74,900 -- $35 / 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 $3,762 $122,100 $0 $0
2024 $3,762 $121,500 $0 $0
2023 $3,594 $113,900 $0 $0
2022 $4,548 $85,800 $0 $0
2021 $4,438 $81,200 $0 $0
2020 $3,268 $72,400 $0 $0
2019 $4,350 $68,700 $0 $0
2018 $5,143 $81,100 $0 $0
2017 $3,995 $75,400 $0 $0
2016 $3,909 $68,000 $0 $0
2015 -- $68,000 $0 $0
2013 -- $60,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kevin Knoll

    Five Star Real Estate (Grandv)

    (616) 901-3866

    1 in this area

    92 Total Sales

    Kevin Knoll
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Map

Source: MichRIC

MLS Number: 16050117

MichRIC

APN: 41-20-02-431-003

Michigan Kent County Lowell 49331

422 E Main St, Lowell, MI

Not Listed for Sale

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MichRIC Information is deemed reliable but not guaranteed.
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