NOT LISTED FOR SALE

461 25th St N Springfield, MI 49037

Estimated Value: $148,000 - $174,000

2 Beds
2 Baths
-- Sq Ft
0.32 Acres

Last Sold September 01, 2020

Last sale price $102,500

Est. 54% increase in value since last sale

Current estimated payment $1,145/month

5 Days on Market

About This Home

As of September 2020

Fabulous opportunity with this updated duplex in Springfield! Each identical unit rents for $650 per month and features one bedroom and one bathroom plus a large loft area that could be used as a second bedroom. Both basements feature washer and dryer hook up and great storage. There is a nice oversized two car garage and also storage units for the tenants in the large backyard. This is a great opportunity for someone to live in one unit, use the garage for themselves and rent the other unit out to pay the mortgage. Antoher possiblity is to rent both units out and keep the garage for yourself for storage. This property comes with two refrigerators, two ranges and one washer dryer set.

Last Agent to Sell the Property

Lori Olsen

Jaqua REALTORS License #6501298380 Listed on: 08/15/2020

Jaqua REALTORS

Co-Listed By

Rick Hunter

Jaqua REALTORS License #6501395892

Last Buyer's Agent

Steve Gagon

eXp Realty License #6506045199

eXp Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,796

Year Built

  • Built in 1945

Lot Details

  • 0.32 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, water, trash collection, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,796

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1945
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 99000.0
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Size Sq Ft: 14113.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1796.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2020
Closed on
Sep 1, 2020
Sold by
Micklewight Scott and Golden Treasure Properties Llc
Bought by
Kerwin David R
Seller's Agent
Lori Olsen
Jaqua REALTORS
Buyer's Agent
Steve Gagon
eXp Realty
List Price
$99,000
Sold Price
$102,500
Premium/Discount to List
$3,500
3.54%
Current Estimated Value
$158,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,615
Avg. Annual Appreciation
8.44%

Purchase Details

Closed on
Oct 18, 2019
Sold by
Norton Kirk and The Kirk Norton Living Trust
Bought by
Golden Treasure Properties Llc

Purchase Details

Closed on
Mar 4, 2013
Sold by
Norton Kirk
Bought by
Norton Kirk and Kirk Norton Living Trust

Purchase Details

Closed on
Aug 6, 1999
Sold by
Allyn Sharon and Sherburn Darcy K
Bought by
Norton Kirk and Sherburn Darcy K
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
Kerwin David R $102,500 Lighthouse Ttl Agcy Kalamazo
Golden Treasure Properties Llc $51,000 Chicago Title Of Mi Inc
Norton Kirk -- None Available
Norton Kirk $65,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2020 09/01/20 Sold $102,500 +3.5% --
08/20/2020 08/20/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $99,000 -- --
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 $3,824 $73,747 $0 $0
2024 $2,564 $73,752 $0 $0
2023 $3,285 $65,381 $0 $0
2022 $2,326 $57,039 $0 $0
2021 $3,108 $48,705 $0 $0
2020 $1,811 $31,792 $0 $0
2019 $2,537 $27,859 $0 $0
2018 $0 $39,344 $11,017 $28,327
2017 $0 $39,949 $0 $0
2016 $0 $28,178 $0 $0
2015 -- $27,910 $0 $0
2014 -- $34,677 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lori Olsen

    Jaqua REALTORS

    Section Image

  • R

    Seller Co-Listing Agent in 2020

    Rick Hunter

    Jaqua REALTORS

    (269) 704-1000

    1 in this area

    61 Total Sales

    Rick Hunter
    Section Image

  • S

    Buyer's Agent in 2020

    Steve Gagon

    eXp Realty

    Section Image

  • S

    Buyer's Agent in 2020

    Steve Gagnon

    Keller Williams Realty Lansing

See All Agents

Map

Source: MichRIC

MLS Number: 20033333

MichRIC

APN: 54-220-070-00

Michigan Calhoun County Springfield 49037

461 25th St N, Springfield, MI

Not Listed for Sale

MultiFamily

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