NOT LISTED FOR SALE

Estimated Value: $148,000 - $204,663

8 Beds
3 Baths
3,071 Sq Ft
$58/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $140,000 $46 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,238/month

67 Days on Market

About This Home

As of June 2021

Land Contract terms available for new owner. 20% down, 30 year contract. 3 Units bringing in $2350/month. (All separate utilities). Newer windows in 2014 and metal roof in 2015. New furnace in last 7 years and includes an extra lot and storage shed. Call Cindy today at 269-209-2978! Seller is a licensed Real Estate Broker in the State of Michigan.

Last Agent to Sell the Property

Jacinta VanAsperen

Berkshire Hathaway HomeServices Michigan Real Estate License #6501260812 Listed on: 03/26/2021

Berkshire Hathaway HomeServices Michigan Real Estate

Last Buyer's Agent

Justine Hooper

Bellabay Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,403

Year Built

  • Built in 1940

Lot Details

  • 6,752 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Metal Roof

Utilities

  • No Cooling
  • Forced Air Heating System

Listing and Financial Details

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

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $900
  • Maintenance Expense $800
  • Operating Expense $2,800
  • Gross Income $21,000
  • Net Operating Income $17,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,403

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 140000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Metal

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6752.0
  • Zoning Description: Multi Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 21000.0
  • Insurance Expense: 900.0
  • Maintenance Expense: 800.0
  • Net Operating Income: 17600.0
  • Number of Units Total: 3
  • Operating Expense: 2800.0

Tax Info

  • Tax Annual Amount: 1403.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
May 27, 2021
Sold by
Burke Kerilyn K and Buchino Jerilyn K
Bought by
Buohino James Vincent
Seller's Agent
Jacinta VanAsperen
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Justine Hooper
Bellabay Realty LLC
Sold Price
$140,000
Current Estimated Value
$177,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,916
Avg. Annual Appreciation
6.01%
Original Mortgage
$137,464
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 26, 2021
Closed on
May 26, 2021
Sold by
Bichino James Vincent
Bought by
Marshall Elijah
Seller's Agent
Jacinta VanAsperen
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Justine Hooper
Bellabay Realty LLC
Sold Price
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,464
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 2006
Sold by
Bradstreet Sharon
Bought by
Buchino James Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.62%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 4, 1995
Bought by
Bradstreet

Purchase Details

Closed on
Mar 3, 1995
Bought by
Buchino
Source: Public Records

Range of Values:

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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
Buohino James Vincent -- None Available
Marshall Elijah $140,000 Ata National Title Group Llc
Buchino James Vincent $45,000 Devon Title Agency
Bradstreet $45,000 --
Buchino -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skidmore Travis $93,279
Closed Marshall Elijah $137,464
Previous Owner Buchino James Vincent $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $140,000 0.0% $46 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
03/26/2021 03/26/21 For Sale -- -- --
03/10/2021 03/10/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $140,000 -- $46 / 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 -- $69,800 $0 $0
2024 $3,230 $73,790 $0 $0
2023 $2,980 $74,981 $0 $0
2022 $2,355 $62,163 $0 $0
2021 $1,221 $45,228 $0 $0
2020 $1,404 $34,759 $0 $0
2019 $1,337 $31,924 $0 $0
2018 $1,337 $32,469 $506 $31,963
2017 $1,295 $32,591 $0 $0
2016 $1,291 $25,466 $0 $0
2015 $1,265 $26,845 $2,620 $24,225
2014 $1,265 $31,293 $2,620 $28,673
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21002910

Southwestern Michigan Association of REALTORS®

APN: 1750-03-001-0