NOT LISTED FOR SALE

50 S Michigan Ave Shelby, MI 49455

Estimated Value: $169,000 - $209,000

-- Bed
-- Bath
-- Sq Ft
0.39 Acres

Last Sold August 04, 2017

Last sale price $60,000

Est. 216% increase in value since last sale

Current estimated payment $1,261/month

161 Days on Market

Highlights

  • Forced Air Heating System
  • 4 Car Garage
  • Level Lot

About This Home

As of August 2017

This home is located at 50 S Michigan Ave, Shelby, MI 49455 since 23 February 2017 and is currently estimated at $189,434. This property was built in 1900. 50 S Michigan Ave is a home located in Oceana County with nearby schools including Shelby High School and New Era Christian School.

Last Agent to Sell the Property

Tim Horton

Wickstra Realty, Inc. License #6501258127 Listed on: 02/23/2017

Last Buyer's Agent

Tim Horton

Wickstra Realty, Inc. License #6501258127 Listed on: 02/23/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 75x229
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Michigan Basement
  • Partial Basement

Parking

  • 4 Car Garage
  • Carport

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 75x229
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2056.21
  • Tax Info:Zoning3: Res.
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 74900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Size Acres: 0.39
  • Lot Size Area: 0.39
  • Lot Size Sq Ft: 16988.0
  • Zoning Description: Res.
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2056.21
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2017
Closed on
Aug 4, 2017
Sold by
Bernice M Biggs Revocable Trust
Bought by
Oceana Rentals Llc
Seller's Agent
Tim Horton
Wickstra Realty, Inc.
Buyer's Agent
Tim Horton
Wickstra Realty, Inc.
List Price
$79,900
Sold Price
$60,000
Premium/Discount to List
-$19,900
-24.91%
Current Estimated Value
$189,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,434
Avg. Annual Appreciation
15.25%
Original Mortgage
$48,750
Outstanding Balance
$40,807
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$148,627
Source: Public Records

Range of Values:

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Average Value
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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
Oceana Rentals Llc $60,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oceana Rentals Llc $48,750
Previous Owner Biggs Bernice M $14,500
Previous Owner Biggs Bernice M $11,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2017 08/04/17 Sold $60,000 -24.9% --
08/03/2017 08/03/17 Pending -- -- --
02/23/2017 02/23/17 For Sale $79,900 -- --
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 $2,839 $90,600 $90,600 $0
2024 $677 $86,500 $86,500 $0
2023 $1,827 $68,400 $68,400 $0
2022 $2,374 $56,300 $0 $0
2021 $1,727 $49,400 $49,400 $0
2020 $2,201 $49,800 $49,800 $0
2019 $2,221 $45,100 $0 $0
2018 $2,117 $43,700 $0 $0
2017 $2,117 $40,500 $0 $0
2016 -- $38,500 $0 $0
2013 -- $32,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim Horton

    Seller's Agent in 2017

    Tim Horton

    Wickstra Realty, Inc.

    (231) 861-4445

    64 in this area

    160 Total Sales

    Tim Horton
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17006915

Southwestern Michigan Association of REALTORS®

APN: 046-506-004-00

Michigan Oceana County Shelby 49455

50 S Michigan Ave, Shelby, MI

This home is located at 50 S Michigan Ave, Shelby, MI 49455 since 23 February 2017 and is currently estimated at $189,434. This property was built in 1900. 50 S Michigan Ave is a home located in Oceana County with nearby schools including Shelby High School and New Era Christian 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.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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