NOT LISTED FOR SALE

445 Octavius St Muskegon, MI 49442

Jackson Hill Neighborhood

Estimated Value: $145,916 - $182,000

5 Beds
3 Baths
1,756 Sq Ft
$93/Sq Ft Est. Value

Last Sold May 06, 2022

Last sale price $127,500 $73 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,119/month

39 Days on Market

About This Home

As of May 2022

Attention investors or home hackers! Come take a look at this semi-remodeled 3 unit complex in the Jackson Hill neighborhood while you can. The two upper units consist of single bed and single baths while the lower unit is a large 3 bed 1 bath unit.

At this price the tenants can easily pay your mortgage, live for free, and still have extra funds to reinvest.

Last Agent to Sell the Property

Terry Puffer

Five Star Real Estate Listed on: 02/14/2022

Last Buyer's Agent

Alexander Chavez

Bellabay Realty LLC License #6501399007

Bellabay Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $475

Year Built

  • Built in 1800

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$475

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1800
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding, Block
  • List Price: 139900.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 475.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
May 6, 2022
Sold by
Nls Properties Llc
Bought by
Rangel Jacquelyn Rae
Seller's Agent
Terry Puffer
Five Star Real Estate
Buyer's Agent
Alexander Chavez
Bellabay Realty LLC
List Price
$139,900
Sold Price
$127,500
Premium/Discount to List
-$12,400
-8.86%
Current Estimated Value
$163,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,479
Avg. Annual Appreciation
8.37%
Original Mortgage
$93,000
Outstanding Balance
$88,324
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$75,655

Purchase Details

Closed on
Jun 14, 2021
Sold by
Wishart Charles H
Bought by
Nls Properties Llc

Purchase Details

Closed on
Jun 11, 2004
Sold by
Heller Daniel J and Heller Mary K
Bought by
Wishart Charles H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
6.17%
Mortgage Type
Unknown
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
Rangel Jacquelyn Rae $124,000 Ata National Title Group
Nls Properties Llc $75,000 Accommodation
Wishart Charles H $28,000 Muskegon Land Title Agency L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rangel Jacquelyn Rae $93,000
Previous Owner Wishart Charles H $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2022 05/06/22 Sold $127,500 -8.9% $73 / Sq Ft
03/25/2022 03/25/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $139,900 -- $80 / 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 $2,471 $62,300 $0 $0
2024 $466 $52,700 $0 $0
2023 $446 $38,000 $0 $0
2022 $1,621 $25,900 $0 $0
2021 $466 $25,200 $0 $0
2020 $475 $20,300 $0 $0
2019 $467 $18,000 $0 $0
2018 $457 $16,300 $0 $0
2017 $443 $17,000 $0 $0
2016 $79 $16,700 $0 $0
2015 -- $16,800 $0 $0
2014 $78 $18,200 $0 $0
2013 -- $17,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Terry Puffer

    Five Star Real Estate

  • A

    Buyer's Agent in 2022

    Alexander Chavez

    Bellabay Realty LLC

    (616) 871-9200

    1 in this area

    27 Total Sales

    Alexander Chavez
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22004523

Southwestern Michigan Association of REALTORS®

APN: 24-205-140-0012-00

Michigan Muskegon County Muskegon 49442 Jackson Hill

445 Octavius St, Muskegon, MI

This home is located at 445 Octavius St, Muskegon, MI 49442 since 14 February 2022 and is currently estimated at $163,979, approximately $93 per square foot. This property was built in 1800. 445 Octavius St is a home located in Muskegon County with nearby schools including Three Oaks Public School Academy, Muskegon Maritime Academy, and Muskegon Covenant Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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