NOT LISTED FOR SALE

4278 Bundy Rd Coloma, MI 49038

Estimated Value: $232,000 - $370,121

2 Beds
3 Baths
-- Sq Ft
2.33 Acres

Last Sold August 22, 2017

Last sale price $125,000

Est. 141% increase in value since last sale

Current estimated payment $2,054/month

13 Days on Market

Highlights

  • Docks
  • Wooded Lot
  • Halls are 36 inches wide or more
  • Water Access
  • Window Unit Cooling System
  • Forced Air Heating and Cooling System

About This Home

As of August 2017

AMAZING OPPORTUNITY.....Own a great property and live in the farmhouse for free as you continue to lease the two outbuildings that are currently leased for $1150/month. Or keep the entire property rented as it is currently bringing in $1800/month and the large pole building is still available to use for the owners purposes! This property is priced at a fraction of what just the 2 large buildings would cost to build, not to mention it has a nicely updated 3 bedroom, 2 bath farmhouse with newer siding, newer windows, new roof, new high efficiency furnace,central air, fenced yard, as well as a block building with a small 2 bedroom apartment that is currently rented. There is also a 2 car garage area available to do as the owner wishes! This is a GREAT country setting and a GREAT investment

Last Agent to Sell the Property

Christopher Siriano

Siriano Realty License #6504274768 Listed on: 08/09/2017

Last Buyer's Agent

Christopher Siriano

Real Estate Center, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,390

Year Built

  • Built in 1950

Lot Details

  • 2.33 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Michigan Basement

Parking

  • 30 Car Garage
  • Unpaved Driveway

Accessible Home Design

  • Halls are 36 inches wide or more
  • Doors are 36 inches wide or more

Outdoor Features

  • Water Access
  • Docks

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Radiant Heating System
  • Window Unit Heating System
  • Propane
  • Well
  • Septic System

Listing and Financial Details

  • Tenant pays for trash collection, gas

Community Details

Overview

  • 4 Buildings
  • 3 Units

Building Details

  • Insurance Expense $680
  • Maintenance Expense $860
  • Utility Expense $420
  • Operating Expense $11,800
  • Gross Income $21,600
  • Net Operating Income $8,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,390

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36 Inch Entrance Doo, 36' or + Hallway, Accessible M Flr Hal
  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 145000.0
  • Lot Features: Wooded
  • Number of Buildings: 4
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Rolling Hills":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: Yes

Garage/Parking

  • Total Parking Spaces: 30.0
  • General Property Info:Total Parking Spaces: 30.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes

Utilities

  • Cooling: Window Unit(s), Central Air
  • Cooling: Yes
  • Heating: Propane, Electric, Radiant, Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Propane
  • Water Source: Well, Public
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:Dock: Yes

Lot Info

  • Lot Size Acres: 2.33
  • Lot Size Area: 2.33
  • Lot Size Sq Ft: 101495.0
  • Zoning Description: Residental
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Gross Income: 21600.0
  • Insurance Expense: 680.0
  • Maintenance Expense: 860.0
  • Net Operating Income: 8520.0
  • Number of Units Total: 3
  • Operating Expense: 11800.0

Tax Info

  • Tax Annual Amount: 2390.27
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2023
Sold by
Bundy Property Llc
Bought by
Bundy Property Llc
Total Days on Market
13
Current Estimated Value
$301,280

Purchase Details

Closed on
Apr 12, 2018
Sold by
Strouse James E and Strouse Donna L
Bought by
Bundy Property Llc

Purchase Details

Closed on
Aug 5, 1999

Purchase Details

Closed on
Jun 20, 1997

Purchase Details

Closed on
Feb 2, 1995
Source: Public Records

Range of Values:

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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
Bundy Property Llc -- None Listed On Document
Bundy Property Llc $85,000 None Available
Bundy Property Llc $85,000 None Available
-- -- --
-- $125,000 --
-- $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Strouse James E $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2017 08/22/17 Sold $125,000 -20.9% --
08/22/2017 08/22/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $158,000 -- --
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
2025 $4,418 $184,700 $0 $0
2024 $1,332 $143,100 $0 $0
2023 $1,268 $132,000 $0 $0
2022 $1,208 $120,000 $0 $0
2021 $4,562 $120,300 $22,800 $97,500
2020 $4,297 $101,700 $0 $0
2019 $4,243 $99,300 $0 $0
2018 $2,589 $87,200 $0 $0
2017 $2,439 $74,200 $0 $0
2016 $2,390 $73,500 $0 $0
2015 $2,362 $73,500 $0 $0
2014 $731 $75,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17040080

Southwestern Michigan Association of REALTORS®

APN: 11-10-0013-0002-08-0