NOT LISTED FOR SALE

4503 E Shawnee Rd Berrien Springs, MI 49103

Estimated Value: $259,000 - $347,000

5 Beds
2 Baths
-- Sq Ft
0.49 Acres

Last Sold June 03, 2024

Last sale price $251,000

Est. 19% increase in value since last sale

Current estimated payment $1,837/month

3 Days on Market

Highlights

  • 1 Fireplace
  • Window Unit Cooling System
  • Level Lot
  • Berrien Springs High School Rated A-
  • 4 Car Garage
  • Wood Siding

About This Home

As of June 2024

This property in the heart of Berrien Springs offers an excellent investment opportunity or the potential for living in one unit and renting out the other. Comprising two units currently serving as active rentals, the smaller unit features 2 bedrooms, 1 bathroom, and a garage, while the larger unit offers 3 bedrooms and 1 bathroom for spacious living.

Each unit is independently metered for water, sewer, and electricity. With existing tenants in place, this property is an ideal choice for investors looking to start earning rental income immediately.

Conveniently located near Andrews University, this property is situated in a highly desirable area, making it perfect for those interested in real estate investment.

Last Agent to Sell the Property

Nate Paulus

R1 Property Group License #6501407272 Listed on: 05/15/2024

Last Buyer's Agent

Sharon Straw

@properties Christie's Intl RE License #6501310249

@properties Christie's Intl RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,946

Year Built

  • Built in 1970

Lot Details

  • 0.49 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Laundry in unit

Parking

  • 4 Car Garage
  • Unpaved Driveway

Utilities

  • Window Unit Cooling System
  • Radiant Heating System
  • Window Unit Heating System
  • Individual Gas Meter
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,946

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1970
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 21,344
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3946.0
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Radiant: Yes
  • Substructure:Slab: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Extras:Sep Gas Meter: Yes
  • Driveway:Shared Unpaved: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: No
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 205000.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Radiant, Electric
  • Heating: Yes
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Electric Connected, Cable Connected
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.49
  • Lot Size Area: 0.49
  • Lot Dimensions: 21,344
  • Lot Size Sq Ft: 21344.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Sewer

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3946.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 10, 2024
Sold by
Amack Nevada and Amack Sarah
Bought by
Hosford Darryl Grant and Hosford Cheryl Jean
Seller's Agent
Nate Paulus
R1 Property Group
Buyer's Agent
Sharon Straw
@properties Christie's Intl RE
List Price
$205,000
Sold Price
$251,000
Premium/Discount to List
$46,000
22.44%
Views
6
Current Estimated Value
$299,222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,222
Avg. Annual Appreciation
12.26%

Purchase Details

Listed on
Apr 6, 2016
Closed on
Jan 30, 2017
Sold by
Ishaha Properties Llc
Bought by
Amack Nevada and Amack Sarah
Seller's Agent
Kristin McLauchlin
Vision Real Estate Lakeshore
Buyer's Agent
Jessica Pompey
Coldwell Banker Anchor R.E.
List Price
$134,900
Sold Price
$125,000
Premium/Discount to List
-$9,900
-7.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%
Original Mortgage
$93,750
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2006
Sold by
Shaha Imtiaz
Bought by
Properties Ishaha

Purchase Details

Closed on
Jul 19, 2005
Sold by
Wavomba Patrick and Wavomba Selina M
Bought by
Shaha Imtiaz

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
5.8%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 30, 1989
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
Hosford Darryl Grant $251,000 First American Title
Amack Nevada $125,000 First American Title
Properties Ishaha -- None Available
Shaha Imtiaz $135,000 Metropolitan Title
-- $66,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Amack Nevada $93,750
Previous Owner Shaha Imtiaz $27,000
Previous Owner Shaha Imtiaz $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2024 06/03/24 Sold $251,000 +22.4% --
05/18/2024 05/18/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $205,000 +64.0% --
02/03/2017 02/03/17 Sold $125,000 -7.3% -- View Prior Sale
12/14/2016 12/14/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $134,900 -- --
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 $3,173 $117,600 $0 $0
2024 $3,417 $110,100 $0 $0
2023 $3,268 $90,700 $0 $0
2022 $3,151 $83,100 $0 $0
2021 $3,646 $68,200 $0 $0
2020 $3,616 $68,500 $0 $0
2019 $3,586 $75,000 $6,800 $68,200
2018 $2,075 $75,000 $0 $0
2017 $2,797 $65,000 $0 $0
2016 $2,781 $51,500 $0 $0
2015 $2,802 $48,700 $0 $0
2014 $1,680 $51,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nate Paulus

    Seller's Agent in 2024

    Nate Paulus

    R1 Property Group

    (574) 276-6533

    3 in this area

    197 Total Sales

    Nate Paulus
    Section Image
  • Sharon Straw

    Buyer's Agent in 2024

    Sharon Straw

    @properties Christie's Intl RE

    (269) 325-4663

    50 in this area

    81 Total Sales

    Sharon Straw
    Section Image

  • K

    Seller's Agent in 2017

    Kristin McLauchlin

    Vision Real Estate Lakeshore

  • J

    Buyer's Agent in 2017

    Jessica Pompey

    Coldwell Banker Anchor R.E.

    (269) 683-4507

    23 Total Sales

    Jessica Pompey
    Section Image
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Map

Source: MichRIC

MLS Number: 24023879

MichRIC

APN: 11-32-0013-0142-05-8

Michigan Berrien County Berrien Springs 49103

4503 E Shawnee Rd, Berrien Springs, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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