NOT LISTED FOR SALE

5 Michael Grove Ave Bozeman, MT 59718

Estimated Value: $1,223,000 - $1,462,000

12 Beds
4 Baths
-- Sq Ft
0.37 Acres

Last Sold April 23, 2021

Current estimated payment $8,160/month

34 Days on Market

Highlights

  • Forced Air Heating System
  • Hyalite Elementary School Rated A-
  • Garage

About This Home

As of April 2021

Four plex on Bozeman's west side. Fully occupied rental income property. Owner has owned, maintained and managed these spaces for approximately 20 years. Rare opportunity in a great rental market.

Last Agent to Sell the Property

Andrew Ash

Starner Commercial Real Estate License #RBS-80186 Listed on: 02/17/2021

Starner Commercial Real Estate

Co-Listed By

Tom Starner

Starner Commercial Real Estate License #BRO-12265

Last Buyer's Agent

Adam Greenberg

REAL Broker License #RBS-46528

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,251

Year Built

  • Built in 1996

Lot Details

  • 0.37 Acre Lot
  • Sprinkler System

Home Design

  • Quadruplex

Interior Spaces

  • 2-Story Property
  • Washer Hookup

Kitchen

  • Range
  • Dishwasher

Parking

  • Garage
  • Parking Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Phone Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number RGG39798

Community Details

Overview

  • 4 Units
  • Willow Subdivision

Building Details

  • Gross Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,251

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • ResoPropertyType: ResidentialIncome
  • Property Sub Type: Quadruplex
  • ResoPropertySubType: Quadruplex
  • Property Sub Type Additional: Quadruplex
  • Architectural Style: Fourplex
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1996
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator

Exterior Features

  • Waterfront Features: None
  • Waterfront: No
  • Exterior Features: Concrete Driveway, Sprinkler/Irrigation

Garage/Parking

  • Parking Features: Common, Garage
  • Garage Yn: Yes

Utilities

  • Laundry Features: Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Water Source: Public

Lot Info

  • Lot Features: Sprinklers In Ground
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 15899.0
  • Parcel #: RGG39798
  • Zoning Description: R3 - Residential Medium Density
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4251.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2021
Sold by
Moorpark Bozeman Llc
Bought by
Temkin Marshall
Total Days on Market
34
Current Estimated Value
$1,339,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,543
Outstanding Balance
$94,518
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,309,887

Purchase Details

Listed on
Feb 17, 2021
Closed on
Apr 20, 2021
Sold by
Westlake Russell Eugene and Westlake Sheryl J
Bought by
Moorpark Bozeman Llc
Seller's Agent
Andrew Ash
Starner Commercial Real Estate
Buyer's Agent
Adam Greenberg
REAL Broker
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.30%
Original Mortgage
$700,000
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 19, 2021
Sold by
Westlake Russell Eugene and Russell Sheryl J
Bought by
Westlake Russell Eugene and Westlake Andrew Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
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
Temkin Marshall -- American Land Title Company
Moorpark Bozeman Llc -- American Land Title Company
Westlake Russell Eugene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Temkin Marshall $102,543
Previous Owner Moorpark Bozeman Llc $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2021 04/23/21 Sold -- -- --
03/24/2021 03/24/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $1,100,000 -- --
Source: Big Sky Country MLS

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
2024 $8,064 $1,211,500 $0 $0
2023 $7,797 $1,211,500 $0 $0
2022 $4,098 $534,500 $0 $0
2021 $4,522 $534,500 $0 $0
2020 $4,251 $497,700 $0 $0
2019 $4,348 $497,700 $0 $0
2018 $4,331 $459,400 $0 $0
2017 $4,283 $459,400 $0 $0
2016 $4,017 $425,900 $0 $0
2015 $4,022 $425,900 $0 $0
2014 $4,299 $268,050 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Andrew Ash

    Starner Commercial Real Estate

    (406) 580-2436

    24 Total Sales

    Andrew Ash
    Section Image
  • Tom Starner

    Seller Co-Listing Agent in 2021

    Tom Starner

    Starner Commercial Real Estate

    (406) 580-2436

    122 Total Sales

    Tom Starner
    Section Image
  • Adam Greenberg

    Buyer's Agent in 2021

    Adam Greenberg

    REAL Broker

    (406) 587-7653

    137 Total Sales

    Adam Greenberg
    Section Image
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Map

Source: Big Sky Country MLS

MLS Number: 355239

Big Sky Country MLS

APN: 06-0798-11-2-16-01-0000

Montana Gallatin County Bozeman 59718

5 Michael Grove Ave, Bozeman, MT

This home is located at 5 Michael Grove Ave, Bozeman, MT 59718 since 17 February 2021 and is currently estimated at $1,339,041. This property was built in 1996. 5 Michael Grove Ave is a home located in Gallatin County with nearby schools including Hyalite Elementary School, Sacajawea Middle School, and Bozeman High School.

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.

Big Sky Country MLS IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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