NOT LISTED FOR SALE

56885 S Main St Mattawan, MI 49071

Estimated Value: $292,955 - $406,000

-- Bed
-- Bath
-- Sq Ft
0.6 Acres

Last Sold May 14, 2018

Last sale price $187,500

Est. 83% increase in value since last sale

Current estimated payment $2,085/month

6 Days on Market

Highlights

  • 0.6 Acre Lot
  • Window Unit Cooling System
  • Hot Water Heating System
  • Mattawan Later Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • 4-minute walk to Mattawan Village Park

About This Home

As of May 2018

Wonderful Opportunity to owner occupy or have a solid investment! You could occupy one of the units and let the rents pay the mortgage or rent all the units have a steady rental income, you pick! Main home has 2-2 bdrm and 1-1 bdrm. Log cabin home is adorable and is a 2-bdrm/1 bath. All units are in good condition and 100% occupied. Separate hot water heaters, furnaces and electric meters, so each tenant pays their own gas and electric. Laundry room has coin operated machines with a bonus loft area above the laundry room for extra storage. So cute is the footbridge going across the Payne S Creek. Close to restaurants and shops with easy access to the highway.

Last Listed By

Kim Williams

RE/MAX of Kalamazoo Listed on: 03/15/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,660

Year Built

  • Built in 1950

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 132x198

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Log Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Hot Water Heating System
  • Shared Gas Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,660

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Brick, Log
  • List Price: 199900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Window Unit(s), Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer, Cable Connected

Lot Info

  • Lot Size Acres: 0.6
  • Lot Size Area: 0.6
  • Lot Size Sq Ft: 26136.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4660.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2018
Closed on
May 14, 2018
Sold by
Hammer Kenneth A
Bought by
Butler William S
Seller's Agent
Kim Williams
RE/MAX of Kalamazoo
Buyer's Agent
Troy D. McKenney
Five Star Real Estate
List Price
$199,900
Sold Price
$187,500
Premium/Discount to List
-$12,400
-6.2%
Total Days on Market
6
Current Estimated Value
$342,989

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,489
Avg. Annual Appreciation
9.02%
Original Mortgage
$140,625
Outstanding Balance
$122,370
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$220,619

Purchase Details

Listed on
Nov 24, 2015
Closed on
Nov 18, 2015
Sold by
Koppers Thomas A and Koppers Marcia A
Bought by
Hammer Kenneth A
Seller's Agent
Nancy Fish
Park Place Real Estate
Buyer's Agent
Nancy Fish
Park Place Real Estate
List Price
$139,500
Sold Price
$139,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.61%
Original Mortgage
$111,500
Interest Rate
3.74%
Mortgage Type
Unknown

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
Butler William S $187,500 Devon Title Co
Hammer Kenneth A $139,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butler William S $140,625
Previous Owner Hammer Kenneth A $111,500
Previous Owner Koppers Thomas A $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2018 05/14/18 Sold $187,500 -6.2% --
03/21/2018 03/21/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $199,900 +43.3% --
11/24/2015 11/24/15 For Sale $139,500 0.0% --
11/18/2015 11/18/15 Sold $139,500 -- --
09/13/2015 09/13/15 Pending -- -- --
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 $2,194 $153,000 $0 $0
2023 $2,090 $136,100 $0 $0
2022 $6,025 $124,800 $0 $0
2021 $5,809 $102,600 $10,000 $92,600
2020 $5,729 $102,100 $10,000 $92,100
2019 $5,536 $93,700 $93,700 $0
2018 $4,760 $87,100 $87,100 $0
2017 $4,647 $79,000 $0 $0
2016 $4,646 $80,000 $0 $0
2015 $1,939 $80,000 $0 $0
2014 $1,989 $73,600 $0 $0
2013 -- $63,600 $63,600 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kim Williams

    RE/MAX Michigan

  • Troy D. McKenney

    Buyer's Agent in 2018

    Troy D. McKenney

    Five Star Real Estate

    (269) 512-4934

    109 Total Sales

    Troy D. McKenney
    Section Image

  • T

    Buyer's Agent in 2018

    Troy McKenney

    Coldwell Banker Sneller Real Estate

  • B

    Buyer Co-Listing Agent in 2018

    Brian McDonald

    Five Star Real Estate (Grandv)

  • Nancy Fish

    Seller's Agent in 2015

    Nancy Fish

    Park Place Real Estate

    (269) 998-9332

    16 Total Sales

    Nancy Fish
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18009588

Southwestern Michigan Association of REALTORS®

APN: 80-46-700-082-00

Michigan Van Buren County Mattawan 49071

56885 S Main St, Mattawan, MI

Homes for Sale in Mattawan, MI

This home is located at 56885 S Main St, Mattawan, MI 49071 since 15 March 2018 and is currently estimated at $342,989. This property was built in 1950. 56885 S Main St is a home located in Van Buren County with nearby schools including Mattawan Early Elementary School, Mattawan Later Elementary School, and Mattawan Middle 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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