Ryan Servatius
Century 21 Affiliated
(269) 468-0818
132 Total Sales
2 in Niles
$240,000 Price Range
501 Broadway Niles, MI 49120
Niles AreaEstimated Value: $179,000 - $269,778
--
Beds
3
Baths
--
Sq Ft
5,227
Sq Ft Lot
Highlights
- 1 Fireplace
- Forced Air Heating System
- Laundry Facilities
- Corner Lot: Yes
- Baseboard Heating
- 5-minute walk to Orchard Park
About This Home
As of November 2020Great investment opportunity located on a corner lot near the downtown Niles area. This well-maintained 4 unit rental property is fully rented with reliable tenants.
With low vacancy rates, positive cash flow and 20 years of rental history. Offers 1- 2 bedroom unit, 3- 1 bedroom units with on-site coin laundry in the full basement for additional income. 4 parking spots on the asphalt drive. Nice hardwood floors on the main level and lots of character throughout. Each unit comes with fridge, stove and window a/c unit. Furnace was replaced 6 years ago.
Last Agent to Sell the Property
Red Shoe Realty License #6506045699 Listed on: 10/09/2020
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,613
Year Built
- Built in 1997
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 74 x 72
- Corner Lot: Yes
Parking
- 4 Parking Spaces
Home Design
- Composition Roof
- Rubber Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Natural Gas
- Window Unit Heating System
- Baseboard Heating
- High Speed Internet
- Internet Available
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electric
- The owner pays for trash collection, water, sewer, gas
Community Details
Building Details
- Insurance Expense $1,140
- Maintenance Expense $2,920
- Utility Expense $2,284
Additional Features
- 4 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 9, 2020
Closed on
Nov 30, 2020
Sold by
Bought by
Seller's Agent
Jennifer Inman
Red Shoe Realty
Buyer's Agent
Anissa DeSanctis
Coldwell Banker Anchor R.E.
List Price
$135,000
Sold Price
$129,000
Premium/Discount to List
-$6,000
-4.44%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,195
Avg. Annual Appreciation
9.59%
Original Mortgage
$96,750
Outstanding Balance
$84,130
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$134,065
Purchase Details
Closed on
Mar 18, 1997
Purchase Details
Closed on
Apr 1, 1987
Purchase Details
Closed on
Jul 23, 1986
Purchase Details
Closed on
Nov 4, 1982
Purchase Details
Closed on
Sep 1, 1982
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Niles, MI
-
Ryan Servatius
-
Wortman Real Estate Group
Wortman Real Estate Group
@properties Christie's International R.E.
(269) 769-2290
379 Total Sales
5 in Niles
$56K - $87K Price Range
-
John Cremer
John Cremer
Five Star Real Estate (Grandv)
(616) 816-4743
402 Total Sales
4 in Niles
$65K - $215K Price Range
-
Steve Weldy
Steve Weldy
Weichert Rltrs-J.Dunfee&Assoc.
(574) 406-2176
141 Total Sales
12 in Niles
$70K - $350K Price Range
-
Chris Marzke
Chris Marzke
@properties Christie's International R.E.
(269) 468-0193
78 Total Sales
1 in Niles
$310,000 Price
-
Barry Skalski
Barry Skalski
Michiana Realty LLC
(574) 777-0468
125 Total Sales
8 in Niles
$75K - $650K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $129,000 | Chicago Title Of Mi Inc | ||
| $92,000 | -- | ||
| $50,000 | -- | ||
| $56,000 | -- | ||
| -- | -- | ||
| $22,300 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $96,750 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/30/2020 11/30/20 | Sold | $129,000 | -4.4% | -- |
| 10/09/2020 10/09/20 | For Sale | $135,000 | -- | -- |
| 09/20/2020 09/20/20 | Pending | -- | -- | -- |
Source: MichRIC
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $2,972 | $60,700 | $0 | $0 |
| 2025 | $2,899 | $56,900 | $0 | $0 |
| 2024 | $1,480 | $58,200 | $0 | $0 |
| 2023 | $1,419 | $54,600 | $0 | $0 |
| 2022 | $1,352 | $45,100 | $0 | $0 |
| 2021 | $3,037 | $53,200 | $18,100 | $35,100 |
| 2020 | $1,636 | $39,900 | $0 | $0 |
| 2019 | $1,613 | $31,500 | $5,300 | $26,200 |
| 2018 | $1,556 | $31,500 | $0 | $0 |
| 2017 | $1,540 | $32,400 | $0 | $0 |
| 2016 | $1,514 | $43,500 | $0 | $0 |
| 2015 | $1,510 | $43,600 | $0 | $0 |
| 2014 | $761 | $40,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Inman
Seller's Agent in 2020
Jennifer Inman
Red Shoe Realty
(269) 635-2407
174 Total Sales
-
Anissa DeSanctis
Buyer's Agent in 2020
Anissa DeSanctis
Coldwell Banker Anchor R.E.
(269) 325-8077
85 Total Sales
Map
Source: MichRIC
MLS Number: 20029815
APN: 11-72-3080-0011-00-7
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.
Information is deemed reliable but not guaranteed.
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