NOT LISTED FOR SALE

523 N Michigan Ave Big Rapids, MI 49307

Estimated Value: $115,000 - $153,395

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold March 08, 2022

Last sale price $80,500

Est. 65% increase in value since last sale

Current estimated payment $871/month

11 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding
  • Corner Lot: Yes

About This Home

As of March 2022

Great Investment Opportunity!!! This duplex is conveniently located within walking distance to schools, shopping, and Ferris State University. With a 2 bedroom upper unit ready to rent and the 3 bedroom lower unit in the middle of a remodel, you could be earning rental income while building Sweat Equity. An extra bonus is that both units have separate gas and electric meters so tenants would be responsible to pay their own utilities. The seller is willing to sell all building materials stored at the property with the purchase of the home.

Last Listed By

Nicole Nagy

RE/MAX TOGETHER License #6501404395 Listed on: 01/15/2022

RE/MAX TOGETHER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,857

Year Built

  • Built in 1910

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Corner Lot: Yes

Home Design

  • Wood Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Michigan Basement
  • Partial Basement

Parking

  • 4 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,857

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement, Partial

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 75000.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Wall Furnace, Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 50x100
  • Lot Size Sq Ft: 6098.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1857.18
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2022
Closed on
Mar 11, 2022
Sold by
Bellah Dougals and Bellah Hannah
Bought by
Bulldawg Rentals Llc
Seller's Agent
Nicole Nagy
RE/MAX TOGETHER
Buyer's Agent
Whitney Harrison
Epique Realty
List Price
$75,000
Sold Price
$80,500
Premium/Discount to List
$5,500
7.33%
Total Days on Market
11
Current Estimated Value
$133,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,599
Avg. Annual Appreciation
17.23%

Purchase Details

Listed on
Sep 18, 2021
Closed on
Oct 1, 2021
Sold by
Bender Perry Dean
Bought by
Bellah Douglas and Bellah Hannah
Seller's Agent
Whitney Harrison
Epique Realty
Buyer's Agent
Nicole Nagy
RE/MAX TOGETHER
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.89%

Purchase Details

Closed on
Mar 29, 2011
Sold by
Kondaur Capital Corporation
Bought by
Bender Perry Dean

Purchase Details

Closed on
Dec 9, 2010
Sold by
Whole Loan Trust 2010 Llc
Bought by
Kondaur Capital Corporation

Purchase Details

Closed on
Oct 22, 2010
Sold by
Credit Based Asset Servicing & Securizat
Bought by
Whole Loan Trust 2010 Llc

Purchase Details

Closed on
Apr 14, 2010
Sold by
Spinner Lucille
Bought by
Credit Based Asset Servicing & Securitiz

Purchase Details

Closed on
Aug 25, 2006
Sold by
Spinner Rentals Llc
Bought by
Spinner Lucille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
10.35%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 30, 2004
Sold by
Spinner Lucille
Bought by
Spinner Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,700
Interest Rate
4.62%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 20, 2004
Sold by
Spinner Rentals Llc
Bought by
Spinner Lucille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,700
Interest Rate
4.62%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 14, 2003
Sold by
Derevage Estel M
Bought by
Lucille Spinner Rentals Llc

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
Bulldawg Rentals Llc $80,500 --
Bellah Douglas $75,000 Sun Title Agency Of Mi Llc
Bender Perry Dean $12,000 Sun Title Agency
Kondaur Capital Corporation $2,000 Lawyers Title
Whole Loan Trust 2010 Llc -- None Available
Credit Based Asset Servicing & Securitiz $52,900 None Available
Spinner Lucille -- Lakeland Title
Spinner Rentals Llc -- Chicago Title
Spinner Lucille -- Chicago Title
Spinner Rentals Llc $68,000 Chicago Title
Deverage Estel M $45,000 Chicago Title
Lucille Spinner Rentals Llc -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sun Diego Properties Llc $250,000
Open Bulldawg Rentals Limited Liabi $450,000
Previous Owner Doepker Dale E $100,389
Previous Owner Bender Perry D $31,100
Previous Owner Spinner Lucille $60,000
Previous Owner Spinner Lucille $47,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2022 03/08/22 Sold $80,500 +7.3% --
01/26/2022 01/26/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $75,000 0.0% --
10/01/2021 10/01/21 Sold $75,000 0.0% --
09/20/2021 09/20/21 Pending -- -- --
09/18/2021 09/18/21 For Sale -- -- --
09/08/2021 09/08/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $75,000 -- --
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 -- $57,600 $0 $0
2023 -- $53,000 $0 $0
2022 $2,589 $45,400 $0 $0
2021 $2,589 $43,100 $0 $0
2020 -- -- $0 $0
2019 -- -- $0 $0
2018 -- -- $0 $0
2017 -- -- $0 $0
2016 -- -- $0 $0
2014 -- -- $0 $0
2013 -- -- $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nicole Nagy

    Seller's Agent in 2022

    Nicole Nagy

    RE/MAX Michigan

    (231) 642-6744

    141 Total Sales

    Nicole Nagy
    Section Image

  • W

    Buyer's Agent in 2022

    Whitney Harrison

    Epique Realty

    (231) 250-6020

    134 Total Sales

    Whitney Harrison
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22001379

Southwestern Michigan Association of REALTORS®

APN: 5417-11-305-001

Michigan Mecosta County Big Rapids 49307

523 N Michigan Ave, Big Rapids, MI

Homes for Sale in Big Rapids, MI

This home is located at 523 N Michigan Ave, Big Rapids, MI 49307 since 15 January 2022 and is currently estimated at $133,099. This property was built in 1910. 523 N Michigan Ave is a home located in Mecosta County with nearby schools including Big Rapids High School, Crossroads Charter Academy Elementary School, and Crossroads Charter Academy Middle/High 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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