NOT LISTED FOR SALE

4901 S Wright Rd Westphalia, MI 48894

Estimated Value: $234,000 - $328,000

7 Beds
4 Baths
3,125 Sq Ft
$90/Sq Ft Est. Value

Last Sold February 28, 2018

Last sale price $140,000 $45 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $1,857/month

126 Days on Market

Highlights

  • Covered Patio or Porch
  • Waldron Elementary/Middle School Rated A-
  • Forced Air Heating System

About This Home

As of February 2018

This home is located at 4901 S Wright Rd, Westphalia, MI 48894 since 02 October 2017 and is currently estimated at $279,977, approximately $89 per square foot. This property was built in 1910. 4901 S Wright Rd is a home located in Clinton County with nearby schools including Waldron Elementary/Middle School, Fowler High School, and St Mary's School.

Last Agent to Sell the Property

Nick Sandborn

Sandborn Real Estate License #6502389114 Listed on: 10/02/2017

Last Buyer's Agent

Drew Brown

Home Towne Real Estate License #6501396307

Home Towne Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,882

Year Built

  • Built in 1910

Lot Details

  • 2.03 Acre Lot
  • Lot Dimensions are 305x290

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,125 Sq Ft Home
  • 2-Story Property

Basement

  • Michigan Basement
  • Partial Basement

Parking

  • 9 Parking Spaces
  • Carport
  • Gravel Driveway

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $27,000

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $2,480
  • Insurance Expense $1,300
  • Operating Expense $6,724
  • Net Operating Income $22,676

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,882

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Gross Rent: 27000.0
  • Less Fuel: 2944.0
  • Net Income: 22676.0
  • Other Income: 2400.0
  • Total Expense: 6724.0
  • Tax Year: 16
  • Levels: Two
  • Year Built: 1910
  • Lot Size Acres: 2.03
  • Lot Size: 305x290
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3125.0
  • General Property Info:Lot Size Dimensions: 305x290
  • General Property Info:Above Grade Finished Area: 3125.0
  • Levels:Two2: Yes
  • Roof:Shingle: Yes
  • Exterior:Vinyl Siding: Yes
  • Tax Info:Taxes2: 2882.0
  • Tax Info:Zoning3: Multi-Family
  • General Property Info:Building 1 Description: 4 unit home
  • General Property Info:_pound_ of Units: 4
  • Water Heater:Electric Water Heater2: Yes
  • Annual Inc Expense:Insurance4: 1300.0
  • Annual Inc Expense:Electricity5: 2480.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan, Partial
  • Heating: Forced Air, Propane
  • Property Type: Resid/Multi-Family
  • Basement:Michigan: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Patio And Porch Features: Covered
  • Construction Type: Vinyl Siding
  • Patio Porch Features:Covered: Yes

Garage/Parking

  • Parking Features: Carport, Gravel
  • Attached Garage: No
  • Parking Features:Gravel2: Yes
  • Parking Features:Carport: Yes
  • General Property Info:Parking Total: 9

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes
  • Heating:Forced Air: Yes
  • Heating:Propane: Yes

Schools

  • Junior High Dist: Fowler

Lot Info

  • Lot Size Sq Ft: 88470.36
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2021
Sold by
Pele Bernard R and Pele Michele A
Bought by
Brown Drew
Current Estimated Value
$279,977

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$97,508
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$182,469

Purchase Details

Listed on
Oct 2, 2017
Closed on
Feb 28, 2018
Sold by
Pelc Bernard R and Pelc Michele A
Bought by
Brown Drew
Seller's Agent
Nick Sandborn
Sandborn Real Estate
Buyer's Agent
Drew Brown
Home Towne Real Estate
List Price
$168,900
Sold Price
$140,000
Premium/Discount to List
-$28,900
-17.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.17%

Purchase Details

Listed on
Oct 2, 2017
Closed on
Feb 22, 2018
Sold by
The Thelen Family Trust
Bought by
Pelc Bernard R and Pelc Michele A
Seller's Agent
Nick Sandborn
Sandborn Real Estate
Buyer's Agent
Drew Brown
Home Towne Real Estate
List Price
$168,900
Sold Price
$140,000
Premium/Discount to List
-$28,900
-17.11%

Purchase Details

Closed on
Dec 19, 2016
Sold by
Thelen Francis L and Thelen Jeanette T
Bought by
Thelen Francis L and Thelen Jeanette T
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Brown Drew $140,000 None Available
Brown Drew -- None Available
Pelc Bernard R -- None Available
Thelen Francis L -- Attorney
Thelen Francis L -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Drew $120,000
Closed Brown Drew $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2018 02/28/18 Sold $140,000 -17.1% $45 / Sq Ft
02/05/2018 02/05/18 Pending -- -- --
10/02/2017 10/02/17 For Sale $168,900 -- $54 / Sq Ft
Source: Greater Lansing 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 $4,880 $129,300 $22,100 $107,200
2024 $13 $119,900 $21,600 $98,300
2023 $1,200 $109,000 $0 $0
2022 $4,424 $101,000 $19,600 $81,400
2021 $4,278 $93,500 $18,600 $74,900
2020 $4,585 $100,500 $18,000 $82,500
2019 $4,088 $101,400 $13,300 $88,100
2018 $2,933 $90,600 $13,300 $77,300
2017 -- $91,000 $13,800 $77,200
2016 $2,857 $75,800 $13,800 $62,000
2015 -- $73,700 $0 $0
2011 -- $77,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nick Sandborn

    Seller's Agent in 2018

    Nick Sandborn

    Sandborn Real Estate

    (517) 420-8352

    153 Total Sales

    Nick Sandborn
    Section Image

  • D

    Buyer's Agent in 2018

    Drew Brown

    Home Towne Real Estate

    (616) 902-3917

    1 Total Sale

    Drew Brown
    Section Image
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Map

Source: Greater Lansing Association of Realtors®

MLS Number: 220531

Greater Lansing Association of Realtors®

APN: 040-036-300-015-00

Michigan Clinton County Westphalia 48835

4901 S Wright Rd, Westphalia, MI

Not Listed for Sale

MultiFamily

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