NOT LISTED FOR SALE

5640 Tilly Rd Unit A - 5040 Saint Joseph, MI 49085

Estimated Value: $387,370 - $454,000

-- Bed
1 Bath
-- Sq Ft
0.77 Acres

Last Sold August 29, 2016

Last sale price $240,000

Est. 70% increase in value since last sale

Current estimated payment $2,510/month

402 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Lakeshore High School Rated A-
  • 8 Car Garage

About This Home

As of August 2016

2 Story Colonial style duplex built on a 3/4 acre lot in Lakeshore schools. Owner occupied on the North side since purchase this is an exceptionally clean and well kept property. Excellent rental history, newer roof, furnaces, city water, paint, flooring, a/c units and much more. Both units are 1500 square feet, 3 bedrooms, 1.5 baths, gas fireplaces, full basement, attached garage, additional parking, large backyard with woods in the rear. Quality construction a rare opportunity for an investment or buyer looking to occupy full time and have the other unit help make your mortgage payment.

Last Agent to Sell the Property

Ryan Arnt

Keller Williams Realty Swm License #6502138757 Listed on: 07/21/2015

Keller Williams Realty Swm

Last Buyer's Agent

Michael Enders

Realty Executives Instant Equity License #6502321143

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,436

Year Built

  • Built in 1974

Lot Details

  • 0.77

Parking

  • 8 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • Septic System
  • Phone Connected
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • 0.77 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for water, trash collection, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,436

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1974
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: .77
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3436.0
  • Tax Info:Zoning3: residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Sewer:Septic System: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Extras:Sep Gas Meter: Yes
  • Extras:Sep Water Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 259900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.77
  • Lot Size Area: 0.77
  • Lot Size Sq Ft: 33541.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3436.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2015
Closed on
Aug 29, 2016
Sold by
Korpi Kenneth E and Korpi Angela G
Bought by
Masters Roy E
Seller's Agent
Ryan Arnt
Keller Williams Realty Swm
Buyer's Agent
Michael Enders
Realty Executives Instant Equity
List Price
$269,900
Sold Price
$240,000
Premium/Discount to List
-$29,900
-11.08%
Current Estimated Value
$408,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,093
Avg. Annual Appreciation
6.00%
Original Mortgage
$192,000
Outstanding Balance
$153,608
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$254,485

Purchase Details

Closed on
Nov 12, 1991
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 Buyer Sale Price Title Company
Masters Roy E $240,000 Chicago Title
-- $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masters Roy E $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2016 08/29/16 Sold $240,000 -11.1% --
08/26/2016 08/26/16 Pending -- -- --
07/21/2015 07/21/15 For Sale $269,900 -- --
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 $4,054 $169,900 $0 $0
2024 $3,534 $150,000 $0 $0
2023 $3,366 $130,000 $0 $0
2022 $3,195 $114,600 $0 $0
2021 $3,552 $115,400 $12,300 $103,100
2020 $3,487 $120,200 $0 $0
2019 $4,366 $104,100 $10,600 $93,500
2018 $3,350 $104,100 $0 $0
2017 $2,521 $99,200 $0 $0
2016 $3,491 $103,900 $0 $0
2015 $3,475 $109,000 $0 $0
2014 $3,021 $101,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15038975

Southwestern Michigan Association of REALTORS®

APN: 11-17-0019-0027-14-8