NOT LISTED FOR SALE

512 E Main St Lowell, MI 49331

Estimated Value: $130,739

-- Bed
-- Bath
-- Sq Ft
0.58 Acres

Last Sold November 18, 2016

Last sale price $65,000

Est. 101% increase in value since last sale

Current estimated payment $817/month

8 Days on Market

Highlights

  • Forced Air Heating System
  • Cherry Creek Elementary School Rated A-
  • Level Lot

About This Home

As of November 2016

GREAT INCOME potential with this vacant 7 unit. Property features one 2 bedroom unit, one I bedroom unit and 5 studios. Great location in prime Lowell area.

Last Agent to Sell the Property

Kevin Knoll

Five Star Real Estate (Grandv) License #6501226121 Listed on: 09/08/2016

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 1880

Lot Details

  • 0.58

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected

Additional Features

  • Michigan Basement
  • Level Lot

Community Details

  • 7 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 0
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5047.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 7
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: 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: Aluminum Siding
  • List Price: 79900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum 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: Telephone Line

Lot Info

  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 7

Tax Info

  • Tax Annual Amount: 5047.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2016
Closed on
Dec 12, 2016
Sold by
River Outreach Minstries
Bought by
Main Sttreet Houisng Of Lowell Llc
Seller's Agent
Kevin Knoll
Five Star Real Estate (Grandv)
Buyer's Agent
Rick Seese
Greenridge Realty (Lowell)
List Price
$79,900
Sold Price
$65,000
Premium/Discount to List
-$14,900
-18.65%
Current Estimated Value
$130,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,739
Avg. Annual Appreciation
8.03%

Purchase Details

Listed on
Sep 8, 2016
Closed on
Nov 18, 2016
Sold by
Cahoon Roger
Bought by
Flat River Outreach Ministries
Seller's Agent
Kevin Knoll
Five Star Real Estate (Grandv)
Buyer's Agent
Rick Seese
Greenridge Realty (Lowell)
List Price
$79,900
Sold Price
$65,000
Premium/Discount to List
-$14,900
-18.65%

Purchase Details

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

Purchase Details

Closed on
Sep 11, 1998
Sold by
Stencel A
Bought by
Cahoon Cahoon R and Cahoon Roger D

Purchase Details

Closed on
Apr 1, 1986
Bought by
Cahoon Stencel A and Cahoon Roger D
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 Sttreet Houisng Of Lowell Llc -- None Available
Flat River Outreach Ministries -- Lighthouse Title Inc
Cahoon Roger Donald -- --
Cahoon Cahoon R $80,000 --
Cahoon Stencel A $75,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2016 11/18/16 Sold $65,000 -18.6% --
09/16/2016 09/16/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $79,900 -- --
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 $1,529 $26,800 $0 $0
2021 $1,529 $24,000 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $0 $93,600 $0 $0
2016 $5,011 $93,100 $0 $0
2015 -- $93,100 $0 $0
2013 -- $85,300 $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: 16046751

MichRIC

APN: 41-20-02-432-002

Michigan Kent County Lowell 49331

512 E Main St, Lowell, MI

Not Listed for Sale

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MichRIC Information is deemed reliable but not guaranteed.
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