NOT LISTED FOR SALE

Estimated Value: $155,000 - $188,000

7 Beds
3 Baths
-- Sq Ft
9,104 Sq Ft Lot

Last Sold February 16, 2022

Last sale price $115,000

Est. 45% increase in value since last sale

Current estimated payment $1,151/month

14 Days on Market

About This Home

As of February 2022

3 unit building with Historic Charm. 49 Chestnut is large 4-bedroom 2 bath unit with a bonus room for a possible 5th bedroom. This unit utilizes all 3 floors and has a basement Tenant pays gas and elect, rent is $900. 47A (lower unit) is a large efficiency has bedroom area, but no door rent it $515 plus elec. 47B (upper unit) is a 1 bedroom. rent is $500 plus elec. 47 side has both units rented. 47-side tenants have access to the 47-side basement to utilize laundry. 49 side is undergoing repair after last tenant vacated. There is a two-car detached garage, which is boarded shut. New Furnaces installed Jan 2021. New hot water heater on 47 Side. Listing pictures are prior to tenant occupancy for 47B and 49. Rental Permit is Pending.

Last Agent to Sell the Property

Rebecca Spenelli

Pearse Realty, Inc. License #6501395920 Listed on: 12/27/2021

Co-Listed By

Beth Dunlap

Pearse Realty, Inc. License #6501331236

Last Buyer's Agent

Tyler Shaw

EB Realty LLC License #6501441805

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,911

Year Built

  • Built in 1898

Lot Details

  • 9,104 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,911

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1898
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 129900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 9104.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1910.87
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2024
Sold by
Wiles Bernice Ellen
Bought by
Wiles Thomas Craig
Current Estimated Value
$166,599

Purchase Details

Closed on
Jan 19, 2023
Sold by
Wiles Thomas C
Bought by
Wiles Bernice E and Wiles Thomas C

Purchase Details

Listed on
Dec 27, 2021
Closed on
Feb 16, 2022
Sold by
Hp Seven Enterprises Llc
Bought by
Wiles Thomas Craig
Seller's Agent
Rebecca Spenelli
Pearse Realty, Inc.
Buyer's Agent
Tyler Shaw
EB Realty LLC
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.87%
Original Mortgage
$92,000
Interest Rate
2.93%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 1, 2013
Sold by
Wetherill Garry and Wetherill Anna
Bought by
Hp Seven Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,800
Interest Rate
4.25%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jan 2, 2012
Closed on
Mar 30, 2012
Sold by
Lawler Paul J and Lawler Sylvia J
Bought by
Wetherill Garry and Wetherill Anna
Seller's Agent
John Wright
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Tami Brown
Jaqua REALTORS
List Price
$79,000
Sold Price
$70,000
Premium/Discount to List
-$9,000
-11.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.62%

Purchase Details

Closed on
Apr 29, 1998
Bought by
Lawler
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
Wiles Thomas Craig -- None Listed On Document
Wiles Bernice E -- --
Wiles Thomas Craig $115,000 None Listed On Document
Hp Seven Enterprises Llc $45,000 Attorneys Title Agency Of So
Wetherill Garry $70,000 Chicago Title
Lawler $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wiles Thomas Craig $92,000
Previous Owner Hp Seven Enterprises Llc $40,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2022 02/16/22 Sold $115,000 -11.5% --
01/10/2022 01/10/22 Pending -- -- --
12/27/2021 12/27/21 For Sale $129,900 +85.6% --
03/30/2012 03/30/12 Sold $70,000 -11.4% --
03/15/2012 03/15/12 Pending -- -- --
01/02/2012 01/02/12 For Sale $79,000 -- --
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 -- $59,700 $0 $0
2024 $2,925 $62,059 $0 $0
2023 $2,019 $62,397 $0 $0
2022 $1,434 $51,523 $0 $0
2021 $1,918 $39,576 $0 $0
2020 $1,807 $31,703 $0 $0
2019 $1,797 $28,670 $0 $0
2018 $1,797 $29,730 $1,334 $28,396
2017 $1,793 $27,366 $0 $0
2016 $1,806 $28,797 $0 $0
2015 $2,040 $27,979 $3,439 $24,540
2014 $2,040 $31,749 $3,439 $28,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21119212

Southwestern Michigan Association of REALTORS®

APN: 5350-00-023-0