NOT LISTED FOR SALE

5118 W Stanton Rd Stanton, MI 48888

Estimated Value: $191,309 - $271,000

-- Bed
-- Bath
-- Sq Ft
1.17 Acres

Last Sold July 25, 2019

Last sale price $95,000

Est. 137% increase in value since last sale

Current estimated payment $1,485/month

34 Days on Market

About This Home

As of July 2019

Great Investment Opportunity and hard to find 4 Unit Rental, 1 bedroom/1 bath and 600 sq ft of living space for each unit .2 lower level 2 upper level. Separate Electric. New roof and siding in past 2 years.. Also includes 24x40 storage unit, 3 large 10x24 and 3 smaller 8x10. Large 1+ Acre parcel nestled on a Main Rd between Clifford and Dickerson Lakes.

Last Listed By

Darin Elliott

Greenridge Realty (Ionia) Listed on: 05/22/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,115

Lot Details

  • 1.17 Acre Lot

Parking

  • 16 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Well
  • Septic System

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,160
  • Gross Income $25,200

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,115

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 9999
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 114900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 16.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Sewer: Septic System
  • Water Source: Well

Lot Info

  • Lot Size Acres: 1.17
  • Lot Size Area: 1.17
  • Lot Size Sq Ft: 50965.0
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 25200.0
  • Insurance Expense: 1160.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2115.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2024
Sold by
Rodriguez Joseph M and Sanderson Lori
Bought by
5118 W Stanton Road Llc
Total Days on Market
34
Current Estimated Value
$225,577

Purchase Details

Listed on
Feb 17, 2017
Closed on
Jul 26, 2017
Sold by
Clifford Lake Rentals & Sales
Bought by
5118 W Stanton Rd Llc
Seller's Agent
Michael Satterlee
Greenridge Realty
Buyer's Agent
Darin Elliott
Greenridge Realty (Ionia)
List Price
$125,000
Sold Price
$75,000
Premium/Discount to List
-$50,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.43%
Original Mortgage
$75,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 9, 2009
Sold by
Wall Enterprises Inc
Bought by
Clifford Lake Rentals and Clifford Sales

Purchase Details

Closed on
Feb 20, 1998
Sold by
Wall Enterprise Inc
Bought by
Clifford Lake Rentals & Sales Lc

Purchase Details

Closed on
Apr 22, 1997
Sold by
Kanouse Harold M and Kanouse Sharon
Bought by
Wall Enterprise Inc

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
5118 W Stanton Road Llc -- None Listed On Document
5118 W Stanton Rd Llc $75,000 Sun Title Agency
Clifford Lake Rentals -- --
Clifford Lake Rentals & Sales Lc $25,000 --
Wall Enterprise Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 5118 W Stanton Rd Llc $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2019 07/25/19 Sold $95,000 -17.3% --
06/25/2019 06/25/19 Pending -- -- --
05/22/2019 05/22/19 For Sale $114,900 +53.2% --
07/26/2017 07/26/17 Sold $75,000 -40.0% --
06/02/2017 06/02/17 Pending -- -- --
02/17/2017 02/17/17 For Sale $125,000 -- --
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
2024 $2,808 $89,000 $0 $0
2023 -- $73,100 $0 $0
2022 -- $62,300 $0 $0
2021 -- $57,800 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2015 -- -- $0 $0
2014 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Darin Elliott

    Seller's Agent in 2019

    Darin Elliott

    Greenridge Realty (Ionia)

    (616) 523-3006

    639 Total Sales

    Darin Elliott
    Section Image
  • Michael Satterlee

    Seller's Agent in 2017

    Michael Satterlee

    Greenridge Realty

    (616) 225-2888

    165 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19022078

Southwestern Michigan Association of REALTORS®

APN: 007-031-024-10

Michigan Montcalm County Stanton 48888

5118 W Stanton Rd, Stanton, MI

Homes for Sale in Stanton, MI

This home is located at 5118 W Stanton Rd, Stanton, MI 48888 since 22 May 2019 and is currently estimated at $225,577. 5118 W Stanton Rd is a home located in Montcalm County with nearby schools including Central Montcalm Elementary School, Central Montcalm Upper Elementary School, and Central Montcalm Middle 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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