NOT LISTED FOR SALE

504 E Main St Lowell, MI 49331

Estimated Value: $155,148

Studio
-- Bath
-- Sq Ft
0.4 Acres

Last Sold November 18, 2016

Last sale price $78,000

Est. 99% increase in value since last sale

Current estimated payment $966/month

Highlights

  • Forced Air Heating System
  • Cherry Creek Elementary School Rated A-
  • Wood Siding

About This Home

As of November 2016

GREAT INCOME PRODUCING 11 UNIT INCOME PROPERTY.

Last Agent to Sell the Property

Kevin Knoll

Five Star Real Estate (Grandv) License #6501226121 Listed on: 09/22/2016

Five Star Real Estate (Grandv)

Last Buyer's Agent

Rick Seese

Greenridge Realty (Lowell) License #6506011558

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.4

Parking

  • 6 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Michigan Basement

Utilities

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

Community Details

  • 2 Buildings
  • 11 Units

Listing and Financial Details

  • Tenant pays for trash collection, gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 00X00
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4480.0
  • Tax Info:Zoning3: COMMERCIAL
  • General Property Info:Total _pound_ Units: 11
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 87900.0
  • Number of Buildings: 2
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected, Telephone Line

Lot Info

  • Zoning Description: COMMERCIAL
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Number of Units Total: 11

Tax Info

  • Tax Annual Amount: 4480.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2016
Closed on
Dec 12, 2016
Sold by
Flat River Outreach Minister
Bought by
Main Street Housing Of Lowell Llc
Seller's Agent
Kevin Knoll
Five Star Real Estate (Grandv)
Buyer's Agent
Rick Seese
Greenridge Realty (Lowell)
List Price
$87,900
Sold Price
$78,000
Premium/Discount to List
-$9,900
-11.26%
Current Estimated Value
$155,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,148
Avg. Annual Appreciation
7.80%

Purchase Details

Listed on
Sep 22, 2016
Closed on
Nov 18, 2016
Sold by
Canhoon Roger
Bought by
River Outreach Ministries
Seller's Agent
Kevin Knoll
Five Star Real Estate (Grandv)
Buyer's Agent
Rick Seese
Greenridge Realty (Lowell)
List Price
$87,900
Sold Price
$78,000
Premium/Discount to List
-$9,900
-11.26%

Purchase Details

Closed on
Dec 18, 2000
Sold by
Cahoon Margaret Victoria
Bought by
Cahoon Roger Donald

Purchase Details

Closed on
Dec 12, 1997
Sold by
Hummel J
Bought by
Cahoon Cahoon R and Cahoon Roger

Purchase Details

Closed on
Feb 28, 1995
Bought by
Cahoon Hummel J and Cahoon Roger

Purchase Details

Closed on
Jul 5, 1988
Bought by
Cahoon Csolkovits and Cahoon Roger

Purchase Details

Closed on
Oct 28, 1981
Bought by
Cahoon Csolkovits and Cahoon Roger
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Main Street Housing Of Lowell Llc -- None Available
River Outreach Ministries -- Lighthouse Title Inc
Cahoon Roger Donald -- --
Cahoon Roger Donald -- --
Cahoon Roger Donald -- --
Cahoon Roger Donald -- --
Cahoon Roger Donald -- --
Cahoon Roger Donald -- --
Cahoon Roger Donald -- --
Cahoon Roger Donald -- --
Cahoon Cahoon R $142,000 --
Cahoon Hummel J $110,000 --
Cahoon Csolkovits $4,000 --
Cahoon Csolkovits $45,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2016 11/18/16 Sold $78,000 -11.3% --
09/22/2016 09/22/16 For Sale $87,900 -- --
09/16/2016 09/16/16 Pending -- -- --
Source: MichRIC

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 -- $0 $0 $0
2024 -- $0 $0 $0
2022 $7,922 $85,800 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $90,700 $0 $0
2016 $4,482 $91,100 $0 $0
2015 -- $91,100 $0 $0
2013 -- $83,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kevin Knoll

    Five Star Real Estate (Grandv)

    (616) 901-3866

    1 in this area

    92 Total Sales

    Kevin Knoll
    Section Image
  • Rick Seese

    Buyer's Agent in 2016

    Rick Seese

    Greenridge Realty (Lowell)

    (616) 897-9239

    16 in this area

    46 Total Sales

    Rick Seese
    Section Image
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Map

Source: MichRIC

MLS Number: 16049154

MichRIC

APN: 41-20-02-432-008

Michigan Kent County Lowell 49331

504 E Main St, Lowell, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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