NOT LISTED FOR SALE

507 N Nottawa St Sturgis, MI 49091

Estimated Value: $212,715

-- Bed
-- Bath
-- Sq Ft
0.29 Acres

Last Sold April 13, 2018

Last sale price $131,900

Est. 61% increase in value since last sale

Current estimated payment $1,549/month

304 Days on Market

About This Home

As of April 2018

Are you looking for a great opportunity for continuous income? Here it is. A nice 9 unit apartment building. 2 units are being renovated but all the others are rented out. 8 units are efficiency apartments, each with a walk in closet. The other unit is a 2 bedroom, which is always in high demand. There is a covered parking area out back and a coin operated laundry in the basement for a little extra income. Many updates have been made recently so come take a look at this investment opportunity.

Last Agent to Sell the Property

Tara Hemker

Jaqua Realtors License #6501366928 Listed on: 06/13/2017

Jaqua Realtors

Last Buyer's Agent

Tiffany Ellis

Century 21 Affiliated License #6501409381

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 99x132

Parking

  • 15 Parking Spaces

Home Design

  • Stucco

Interior Spaces

  • 1 Fireplace
  • Partial Basement

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Cable TV Available

Community Details

  • 9 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1940
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 99x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total _pound_ Units: 9
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Heat Type:Baseboard: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Stucco
  • List Price: 164000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Stucco: Yes

Garage/Parking

  • Total Parking Spaces: 15.0
  • General Property Info:Total Parking Spaces: 15.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Dimensions: 99x132
  • Lot Size Sq Ft: 12632.0

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 9

Tax Info

  • Tax Annual Amount: 3376.86
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2017
Closed on
Apr 13, 2018
Sold by
Padgett Kerry L and Padgett Kerry Lynn
Bought by
Eichorn Joel and Eichorn Brittney
Seller's Agent
Tara Hemker
Jaqua Realtors
Buyer's Agent
Tiffany Ellis
Century 21 Affiliated
List Price
$165,000
Sold Price
$131,900
Premium/Discount to List
-$33,100
-20.06%
Current Estimated Value
$212,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,815
Avg. Annual Appreciation
6.55%

Purchase Details

Listed on
Oct 6, 2014
Closed on
Jun 21, 2016
Sold by
North Nottawa Apartments Llc
Bought by
Padgett Kerry L and Padgett Kelley Ann
Seller's Agent
Carol Trayling
RE/MAX Elite Group
Buyer's Agent
Sue Roach
RE/MAX Elite Group
List Price
$144,000
Sold Price
$133,400
Premium/Discount to List
-$10,600
-7.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.61%
Original Mortgage
$133,400
Interest Rate
3.61%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2010
Sold by
Seybert Gary A and Seybert Maria J
Bought by
North Nottawa Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,123
Interest Rate
5.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 23, 2004
Sold by
Seybert Maria
Bought by
Seybert Gary A and Seybert Maria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 13, 2004
Sold by
Vernon Rentals Llc
Bought by
Seybert Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2004
Sold by
Vernon Thomas W and Vernon Debra D
Bought by
Vernon Rentals Llc

Purchase Details

Closed on
Jan 1, 1901
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
Eichorn Joel $131,900 Patrick Abstract & Title Off
Padgett Kerry L $133,400 Patrick Abstract & Title Off
North Nottawa Apartments Llc -- None Available
Seybert Gary A -- --
Seybert Maria $155,000 Chicago Title Sturgis
Vernon Rentals Llc -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Padgett Kerry L $133,400
Previous Owner North Nottawa Apartments Llc $90,123
Previous Owner Seybert Maria $116,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2018 04/13/18 Sold $131,900 -20.1% --
04/13/2018 04/13/18 Pending -- -- --
06/13/2017 06/13/17 For Sale $165,000 +23.7% --
06/10/2016 06/10/16 Sold $133,400 -7.4% --
05/03/2016 05/03/16 Pending -- -- --
10/06/2014 10/06/14 For Sale $144,000 -- --
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 $4,715 $99,900 $15,300 $84,600
2024 $4,152 $87,300 $14,800 $72,500
2023 $4,008 $84,300 $14,800 $69,500
2022 $3,733 $82,800 $15,900 $66,900
2021 $4,196 $76,600 $20,900 $55,700
2020 $4,147 $70,700 $20,900 $49,800
2019 $4,071 $64,000 $12,300 $51,700
2018 $3,696 $63,800 $12,300 $51,500
2017 $3,618 $60,300 $60,300 $0
2016 -- $55,300 $55,300 $0
2015 -- $60,500 $0 $0
2014 -- $69,000 $69,000 $0
2012 -- $64,800 $64,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Tara Hemker

    Seller's Agent in 2018

    Tara Hemker

    Jaqua Realtors

    (517) 617-5444

    17 Total Sales

    Tara Hemker
    Section Image

  • T

    Buyer's Agent in 2018

    Tiffany Ellis

    Century 21 Affiliated

  • C

    Seller's Agent in 2016

    Carol Trayling

    RE/MAX Michigan

    Section Image
  • Patricia Baba

    Seller Co-Listing Agent in 2016

    Patricia Baba

    RE/MAX Michigan

    (269) 268-4526

    78 Total Sales

    Patricia Baba
    Section Image
  • Sue Roach

    Buyer's Agent in 2016

    Sue Roach

    RE/MAX Michigan

    (866) 651-7642

    193 Total Sales

    Sue Roach
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17028502

Southwestern Michigan Association of REALTORS®

APN: 052-430-031-00

Michigan St. Joseph County Sturgis 49091

507 N Nottawa St, Sturgis, MI

This home is located at 507 N Nottawa St, Sturgis, MI 49091 since 13 June 2017 and is currently estimated at $212,715. This property was built in 1940. 507 N Nottawa St is a home located in St. Joseph County with nearby schools including Sturgis High School and St John's Lutheran 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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