$90,000
SOLD AUG 16, 2024

516 Broadway St Niles, MI 49120

-- Bed
-- Bath
-- Sq Ft
8,081 Sq Ft Lot

Recently Sold

28% Below List Price

55 Days on Market

Highlights

  • 1 Fireplace
  • High Speed Internet
  • No Heating

About This Home

As of August 2024

Great opertunity to invest in a multi unit property. This property was set up as a three unit dwelling. The home could continue to be used as a multi-dwelling residence or could be converted back into a single family home.

Last Agent to Sell the Property

Ashley Winston

RE/MAX Perrett Associates License #6501379385 Listed on: 06/12/2024

RE/MAX Perrett Associates

Last Buyer's Agent

Becky Wicks

CK Home Group License #6501410234

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,082

Year Built

  • 1928

Lot Details

  • 8,081 Sq Ft Lot
  • Lot Dimensions are 51x159

Parking

  • 3 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Crawl Space

Utilities

  • No Heating
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,082

Year Built

1928

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built (Public Record): 19
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 115000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Heating: None
  • Heating: No
  • Sewer: Public Sewer
  • Utilities: Phone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Broadband

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 51x159
  • Lot Size Sq Ft: 8081.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2082.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Aug 19, 2024
Sold by
Southwest Michigan Asset Management Llc
Bought by
1818 Ferry Street Llc
Seller's Agent
Ashley Winston
RE/MAX Perrett Associates
Buyer's Agent
Becky Wicks
CK Home Group
List Price
$125,000
Sold Price
$90,000
Premium/Discount to List
-$35,000
-28%
Total Days on Market
55
Views
47
Current Estimated Value
$129,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,525
Avg. Annual Appreciation
56.75%

Purchase Details

Closed on
Jan 12, 2024
Sold by
Deputy Sheriff Of The County Of Berrien
Bought by
United Federal Credit Union

Purchase Details

Closed on
Jan 5, 2024
Sold by
Fonseca Christopher A
Bought by
Sw Michigan Asset Mgmt Llc

Purchase Details

Closed on
Jul 18, 2017
Sold by
Praegressus
Bought by
Fonseca Christopher Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2015
Sold by
Berrien Cass Van Buren Workforce Develop
Bought by
Praegressus

Purchase Details

Closed on
Dec 29, 2014
Sold by
Cripps Lisa K
Bought by
Berrien Cass Van Buren Workforce Develop

Purchase Details

Closed on
Jun 12, 1989

Purchase Details

Closed on
Sep 25, 1981

Purchase Details

Closed on
May 23, 1977
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 Type Sale Price Title Company
Warranty Deed $80,000 Chicago Title Of Michigan
Sheriffs Deed $25,282 None Listed On Document
Quit Claim Deed $7,500 None Listed On Document
Warranty Deed $30,000 First American Title
Quit Claim Deed -- None Available
Fiduciary Deed -- None Available
Deed $35,000 --
Deed $25,300 --
Deed $26,500 --
Deed $19,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $22,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $90,000 -21.7% --
07/22/2024 07/22/24 Price Changed $115,000 -8.0% --
06/12/2024 06/12/24 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
2025 $2,187 $81,200 $0 $0
2024 $1,118 $72,600 $0 $0
2023 $2,132 $50,600 $0 $0
2022 $1,726 $38,700 $0 $0
2021 $1,694 $36,200 $2,400 $33,800
2020 $1,675 $33,900 $0 $0
2019 $1,753 $32,000 $1,600 $30,400
2018 $1,733 $32,000 $0 $0
2017 $1,865 $39,300 $0 $0
2016 $2,047 $37,000 $0 $0
2015 $2,041 $35,900 $0 $0
2014 $917 $33,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24029865

Southwestern Michigan Association of REALTORS®

APN: 11-72-3940-0004-00-9