$58,000
SOLD AUG 30, 2018

544 Cedar St Niles, MI 49120

-- Bed
-- Bath
-- Sq Ft
8,712 Sq Ft Lot

Recently Sold

20% Below List Price

208 Days on Market

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • Level Lot

About This Home

As of August 2018

Both units freshly painted, newer carpeting. Main floor unit is rented for $550, heat,water,trash included. Updated electric/breaker boxes. Tiled vinyl flooring through entry,hallway,kitchen, mud room, and bathroom. Exterior foundation blocks freshly painted. Basement walls have been recently painted. Dry basement, washer/dryer included. Upper unit has a three season room off the back over looking back yard. Tenants pay electric, owner pays heat and water. Ample parking area, nice semi-private yard. Across the street from library and two museums. 2 blocks away from downtown and river park area. Very low vacancy rate due to great location. Seller is a licensed real estate agent in the state of Michigan.

Last Agent to Sell the Property

Scott Neumann

Sunrise Real Estate, Inc. License #6501260496 Listed on: 12/20/2017

Last Buyer's Agent

Beth Van

Bon Realty License #6502103167

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • Mineral Rights

Community Details

  • 2 Units
  • Laundry Facilities
  • Insurance Expense $725

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1936
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: Irregular
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1671.0
  • Tax Info:Zoning3: 401 res
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Mineral Rights:Yes: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 61900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: 401 res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Insurance Expense: 725.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1671.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2017
Closed on
Sep 11, 2018
Sold by
Scott Neumann R and Scott Erica W
Bought by
Taylor Reynolds
Seller's Agent
Scott Neumann
Sunrise Real Estate, Inc.
Buyer's Agent
Beth Van
Bon Realty
List Price
$72,900
Sold Price
$58,000
Premium/Discount to List
-$14,900
-20.44%
Current Estimated Value
$140,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,333
Avg. Annual Appreciation
10.64%
Original Mortgage
$46,400
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 20, 2017
Closed on
Aug 30, 2018
Sold by
Neumann R Scott R and Neumann Erice W
Bought by
Reynolds Taylor
Seller's Agent
Scott Neumann
Sunrise Real Estate, Inc.
Buyer's Agent
Beth Van
Bon Realty
List Price
$72,900
Sold Price
$58,000
Premium/Discount to List
-$14,900
-20.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,400
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2003
Sold by
Colvin Ronald D and Colvin Michele F
Bought by
Neumann R Scott and Neumann Erica W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.3%

Purchase Details

Closed on
Jan 17, 2001

Purchase Details

Closed on
Dec 17, 1998

Purchase Details

Closed on
Mar 23, 1998

Purchase Details

Closed on
Mar 16, 1998

Purchase Details

Closed on
Jun 28, 1990
Source: Public Records

Range of Values:

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Average Value
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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 $58,000 Chicago Title
Warranty Deed $58,000 Chicago Title Of Michigan In
Warranty Deed $60,000 --
Deed $11,000 --
Deed $58,500 --
Deed -- --
Deed $60,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $348,000 New Conventional
Closed $46,400 New Conventional
Closed $46,400 New Conventional
Previous Owner $48,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2020 11/01/20 Rented -- -- --
11/01/2020 11/01/20 Under Contract -- -- --
10/12/2020 10/12/20 For Rent $600 0.0% --
08/30/2018 08/30/18 Sold $58,000 -20.4% --
07/16/2018 07/16/18 Pending -- -- --
12/20/2017 12/20/17 For Sale $72,900 -- --
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 $1,791 $58,500 $0 $0
2024 $925 $51,800 $0 $0
2023 $887 $41,000 $0 $0
2022 $845 $32,200 $0 $0
2021 $1,060 $29,800 $3,100 $26,700
2020 $1,049 $27,700 $0 $0
2019 $1,037 $27,100 $2,000 $25,100
2018 $1,618 $27,100 $0 $0
2017 $1,700 $33,000 $0 $0
2016 $1,671 $30,500 $0 $0
2015 $1,666 $30,300 $0 $0
2014 $866 $29,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17059664

Southwestern Michigan Association of REALTORS®

APN: 11-72-3080-0006-00-3