NOT LISTED FOR SALE

602 W Pine St Edmore, MI 48829

Estimated Value: $265,000 - $288,000

Studio
-- Bath
-- Sq Ft
0.76 Acres

Last Sold June 30, 2021

Last sale price $199,900

Est. 41% increase in value since last sale

Current estimated payment $1,934/month

21 Days on Market

Highlights

  • 1 Fireplace
  • Cooling System Mounted In Outer Wall Opening
  • Accessible Electrical and Environmental Controls
  • Corner Lot: Yes
  • Halls are 36 inches wide or more
  • Roll Under Sink

About This Home

As of June 2021

Hard to find a better investment property around in this housing market. This 4 plex unit offers two bedrooms, one full bath, one car garage and washer and dryer as a added bonus to each unit. Great rental history with potential rents up to $3000 for all 4 units.

Last Agent to Sell the Property

Rich Adgate

Eagle Realty License #6502356265 Listed on: 05/03/2021

Last Buyer's Agent

Ryan Hesche

Greenridge Realty (Saranac) License #6501376225

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 0.76 Acre Lot
  • Lot Dimensions are 220x150
  • Corner Lot: Yes
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Crawl Space

Parking

  • 4 Car Garage
  • Driveway

Accessible Home Design

  • Roll Under Sink
  • Halls are 36 inches wide or more
  • Accessible Hallway
  • Doors are 36 inches wide or more
  • Accessible Electrical and Environmental Controls

Location

  • Mineral Rights Excluded

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Individual Gas Meter
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities
  • Gross Income $3,000

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 2000
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 66.63
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 220X150
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5500.0
  • Tax Info:Zoning3: R2
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Heat Type:Hot Water: Yes
  • Mineral Rights:No: Yes
  • Substructure:Crawl Space: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Accessibility Feat:Accessible Electric: Yes
  • Accessibility Feat 36' or Hallway: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Accessibility Feat 36 Inch Entrance Doo: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36 Inch Entrance Doo, 36' or + Hallway, Accessible Bath Sink, Accessible Electrical and Environmental Controls, Accessible M Flr Hal
  • Fireplaces: 1
  • Basement: Crawl Space
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 199900.0
  • Lot Features: Level, Corner Lot
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available, Storm Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.76
  • Lot Size Area: 0.76
  • Lot Dimensions: 220X150
  • Lot Size Sq Ft: 33106.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Income: 3000.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 5500.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jun 30, 2021
Sold by
Quest T Co
Bought by
Devries Jacob and Devries Kelsea
Seller's Agent
Rich Adgate
Eagle Realty
Buyer's Agent
Ryan Hesche
Greenridge Realty (Saranac)
List Price
$299,900
Sold Price
$199,900
Premium/Discount to List
-$100,000
-33.34%
Current Estimated Value
$282,495

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,595
Avg. Annual Appreciation
7.27%
Original Mortgage
$196,278
Outstanding Balance
$178,092
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$96,869

Purchase Details

Closed on
Feb 11, 2010
Sold by
Grannis Family Limited Partnership
Bought by
Entrust Great Lakes Llc

Purchase Details

Closed on
Feb 26, 2009
Sold by
Grannis Opal Trust
Bought by
Grannis Family Limited Partnership

Purchase Details

Closed on
Oct 21, 1997
Sold by
Dixner Kenneth J and Dixner Suzanne J
Bought by
Grannis Paul
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Devries Jacob $199,900 None Available
Entrust Great Lakes Llc $130,000 --
Grannis Family Limited Partnership -- --
Grannis Paul -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devries Jacob $196,278
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $199,900 -33.3% --
05/24/2021 05/24/21 Pending -- -- --
05/03/2021 05/03/21 For Sale $299,900 -- --
Source: MichRIC

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 $5,485 $143,800 $0 $0
2024 $5,183 $108,200 $0 $0
2023 -- $101,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rich Adgate

    Seller's Agent in 2021

    Rich Adgate

    Eagle Realty

    (989) 506-1402

    99 Total Sales

    Rich Adgate
    Section Image
  • Ryan Hesche

    Buyer's Agent in 2021

    Ryan Hesche

    Greenridge Realty (Saranac)

    (616) 443-3072

    187 Total Sales

    Ryan Hesche
    Section Image
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Map

Source: MichRIC

MLS Number: 21015065

MichRIC

APN: 041-629-011-51

Michigan Montcalm County Edmore 48829

602 W Pine St, Edmore, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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