NOT LISTED FOR SALE

435 E Cass St Schoolcraft, MI 49087

Estimated Value: $282,000 - $331,269

8 Beds
4 Baths
-- Sq Ft
0.5 Acres

Last Sold July 03, 2017

Last sale price $137,000

Est. 123% increase in value since last sale

Current estimated payment $1,889/month

8 Days on Market

About This Home

As of July 2017

Great four unit investment opportunity in the desirable Schoolcraft! Walking distance to town and schools! Within seconds to US131 with easy access to Three Rivers or Portage/Kalamazoo. Each unit features two bedrooms and one bath. Individually metered! Off street parking!

Last Agent to Sell the Property

Jesse Granado - Caporossi

i-VEST Real Estate Group License #6501339734 Listed on: 04/25/2017

Last Buyer's Agent

Joani Foster

Five Star Real Estate License #6501340801

Five Star Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1982

Lot Details

  • 0.5 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Septic System
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tenant pays for gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1982
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 1
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3685.0
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Sewer:Septic System: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Slab: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Brick
  • List Price: 137000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected
  • Water Source: Well
  • Water Well: Yes

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Size Sq Ft: 21780.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3685.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2024
Sold by
Kalamazoo Valley Rentals Llc
Bought by
Village Pine Apartments Llc
Current Estimated Value
$305,317

Purchase Details

Closed on
Aug 7, 2019
Sold by
Erb Greg W
Bought by
Kalamazoo Valley Rentals Llc

Purchase Details

Closed on
Jul 9, 2018
Sold by
Erb Greg W and Erb Erin E
Bought by
Erb Greg W

Purchase Details

Listed on
Apr 25, 2017
Closed on
Jul 3, 2017
Sold by
Chemical Bank
Bought by
Erb Greg
Seller's Agent
Jesse Granado - Caporossi
i-VEST Real Estate Group
Buyer's Agent
Joani Foster
Five Star Real Estate
List Price
$137,000
Sold Price
$137,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$93,750
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2016
Sold by
Scott Thomas A and Scott Deanna L
Bought by
Talmer Bank & Trust
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
Village Pine Apartments Llc $203,000 Chicago Title Of Michigan
Kalamazoo Valley Rentals Llc -- Sun Title Agency Llc
Erb Greg W -- None Available
Erb Greg $125,000 Nations Title Agency
Talmer Bank & Trust -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Erb Greg $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2017 07/03/17 Sold $137,000 0.0% --
05/03/2017 05/03/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $137,000 -- --
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 $3,503 $132,500 $0 $0
2024 $2,737 $122,100 $0 $0
2023 $2,611 $110,800 $0 $0
2022 $6,205 $103,300 $0 $0
2021 $6,029 $97,500 $0 $0
2020 $5,916 $89,500 $0 $0
2019 $5,435 $88,200 $0 $0
2018 $5,325 $86,400 $0 $0
2017 $0 $89,600 $0 $0
2016 -- $78,600 $0 $0
2015 -- $73,400 $20,000 $53,400
2014 -- $73,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jesse Granado - Caporossi

    i-VEST Real Estate Group

    (269) 488-1600

    2 in this area

    49 Total Sales

    Jesse Granado - Caporossi
    Section Image
  • Joani Foster

    Buyer's Agent in 2017

    Joani Foster

    Five Star Real Estate

    (269) 271-0907

    32 Total Sales

    Joani Foster
    Section Image

  • J

    Buyer's Agent in 2017

    Joani Becker

    Berkshire Hathaway HomeServices MI

See All Agents

Map

Source: MichRIC

MLS Number: 17004354

MichRIC

APN: 14-18-453-070

Michigan Kalamazoo County Schoolcraft 49087

435 E Cass St, Schoolcraft, MI

Not Listed for Sale

MultiFamily

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