NOT LISTED FOR SALE

426 N Bridge St Belding, MI 48809

Estimated Value: $183,053 - $236,000

4 Beds
2 Baths
1,362 Sq Ft
$153/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $120,000 $88 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,405/month

7 Days on Market

About This Home

As of March 2022

Excellent income producing 2 unit property with great rental history. Close to schools, church and all that Belding has to offer. Downstairs unit is a 3 bedroom 1 bath with basement access and on site laundry. Upstairs offers a 2 bed one bath apartment style with nice sized living room. Garage is suitable for storage of summer and winter items/ etc. Off street parking available for both tenants. Tenants are month to month and both would like to stay if possible.

Last Agent to Sell the Property

Mary Perham-Nelson

EXP Realty LLC License #6506046295 Listed on: 02/01/2022

EXP Realty LLC

Last Buyer's Agent

Donald Reedy

Reedy Realty LLC License #6502114876

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,417

Year Built

  • Built in 1900

Lot Details

  • 8,712

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 8,712 Sq Ft Lot

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,417

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 129000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: RM-1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2417.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Mar 11, 2022
Sold by
Nbrhd Properties Llc
Bought by
Totch Cheryl M
Seller's Agent
Mary Perham-Nelson
EXP Realty LLC
Buyer's Agent
Donald Reedy
Reedy Realty LLC
List Price
$129,000
Sold Price
$120,000
Premium/Discount to List
-$9,000
-6.98%
Current Estimated Value
$208,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,263
Avg. Annual Appreciation
15.27%
Original Mortgage
$90,000
Outstanding Balance
$84,177
Interest Rate
4.17%
Mortgage Type
Construction
Estimated Equity
$124,086

Purchase Details

Listed on
May 2, 2019
Closed on
Jul 8, 2019
Sold by
Appleland Inc
Bought by
Nbrhd Properties Llc
Seller's Agent
Kimberly Cannon
APPLELAND REALTY (GREENVILLE)
Buyer's Agent
Kimberly Cannon
APPLELAND REALTY (GREENVILLE)
List Price
$59,900
Sold Price
$59,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.60%

Purchase Details

Closed on
Nov 22, 2002
Bought by
Appleland Inc
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
Totch Cheryl M $120,000 --
Nbrhd Properties Llc $59,900 Acker Title Agency Llc
Appleland Inc $76,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Totch Cheryl M $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/11/2022 03/11/22 Sold $120,000 -7.0% $88 / Sq Ft
02/08/2022 02/08/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $129,000 +115.4% $95 / Sq Ft
07/08/2019 07/08/19 Sold $59,900 0.0% $44 / Sq Ft View Prior Sale
05/07/2019 05/07/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $59,900 -- $44 / Sq Ft
Source: MichRIC

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 $3,597 $63,000 $12,800 $50,200
2024 $34 $63,000 $12,800 $50,200
2023 $3,290 $47,500 $11,600 $35,900
2022 $2,791 $47,500 $11,600 $35,900
2021 $2,433 $38,900 $9,100 $29,800
2020 $2,310 $38,900 $9,100 $29,800
2019 $1,464 $36,800 $8,300 $28,500
2018 $1,598 $33,900 $6,900 $27,000
2017 $1,476 $33,900 $6,900 $27,000
2016 $1,464 $27,800 $3,100 $24,700
2015 -- $27,800 $3,100 $24,700
2014 $1,742 $26,400 $3,100 $23,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mary Perham-Nelson

    EXP Realty LLC

    Section Image
  • Donald Reedy

    Buyer's Agent in 2022

    Donald Reedy

    Reedy Realty LLC

    (616) 890-2598

    2 in this area

    33 Total Sales

    Donald Reedy
    Section Image

  • K

    Seller's Agent in 2019

    Kimberly Cannon

    APPLELAND REALTY (GREENVILLE)

See All Agents

Map

Source: MichRIC

MLS Number: 22003050

MichRIC

APN: 401-090-000-255-00

Michigan Ionia County Belding 48809

426 N Bridge St, Belding, MI

Not Listed for Sale

MultiFamily

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