NOT LISTED FOR SALE

603 Wayne St Saint Joseph, MI 49085

Estimated Value: $286,000 - $458,000

3 Beds
3 Baths
-- Sq Ft
6,186 Sq Ft Lot

Last Sold June 29, 2022

Last sale price $243,000

Est. 45% increase in value since last sale

Current estimated payment $2,501/month

4 Days on Market

Highlights

  • Radiant Heating System
  • Upton Middle School Rated A
  • 3-minute walk to Kiwanis Park

About This Home

As of June 2022

Wonderful investment opportunity in the heart of downtown St. Joseph! This recently renovated 3-unit property includes multiple parking spots, a shared washer and dryer in the basement, all new appliances, and new roof to be installed. Owner pays for gas, water, & sewer. Tenants pay everything else. Two units on the lower level and one on the upper level provide a healthy revenue stream, and the convenient location is a highlight. Great chance to get into some real estate investing in this popular destination town, check it out today!

Last Agent to Sell the Property

Andy Smith

EXP Realty (Grand Rapids) License #6502421574 Listed on: 04/12/2022

EXP Realty (Grand Rapids)

Last Buyer's Agent

Jill Golden

Realty Executives Instant Equity License #6501424803

Realty Executives Instant Equity

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,340

Year Built

  • Built in 1920

Lot Details

  • 6,186

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Radiant Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 6,186 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, trash collection
  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,340

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 199900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Heating: Radiant
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6186.0
  • Zoning Description: R1-E
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electricity, Trash Collection

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 5339.99
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2022
Closed on
Jul 1, 2022
Sold by
Beyne Edward O
Bought by
Tucker Corinne
Seller's Agent
Andy Smith
EXP Realty (Grand Rapids)
Buyer's Agent
Jill Golden
Realty Executives Instant Equity
List Price
$199,900
Sold Price
$243,000
Premium/Discount to List
$43,100
21.56%
Current Estimated Value
$352,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,871
Avg. Annual Appreciation
12.16%
Original Mortgage
$238,598
Outstanding Balance
$227,310
Interest Rate
5.25%
Mortgage Type
FHA
Estimated Equity
$125,561

Purchase Details

Listed on
Jun 7, 2016
Closed on
Sep 16, 2016
Sold by
Schaffer Troy and Schaffer Wanda
Bought by
Beyne Edward O
Seller's Agent
The Frazee Team
Century 21 Affiliated
Buyer's Agent
Becky Heaps
Realty Executives Instant Equity
List Price
$139,500
Sold Price
$140,000
Premium/Discount to List
$500
0.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.99%
Original Mortgage
$137,464
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 30, 2003
Sold by
Meredith John F
Bought by
Schaffer Troy and Schaffer Wanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 14, 2003
Sold by
Meredith John F
Bought by
Schaffer Troy and Schaffer Wanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 1996

Purchase Details

Closed on
Jul 5, 1989
Source: Public Records

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
Tucker Corinne $243,000 Chicago Title
Beyne Edward O $140,000 Chicago Title
Schaffer Troy $92,000 --
Schaffer Troy $89,000 --
-- $93,100 --
-- $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tucker Corinne $238,598
Previous Owner Beyne Edward O $137,464
Previous Owner Schaffer Troy $92,000
Previous Owner Schaffer Troy $89,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2022 06/29/22 Sold $243,000 +21.6% --
04/16/2022 04/16/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $199,900 +42.8% --
09/16/2016 09/16/16 Sold $140,000 +0.4% -- View Prior Sale
08/04/2016 08/04/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $139,500 -- --
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 $7,461 $171,200 $0 $0
2024 $7,286 $163,500 $0 $0
2023 $6,977 $138,000 $0 $0
2022 $5,418 $110,500 $0 $0
2021 $5,340 $105,000 $20,600 $84,400
2020 $5,267 $100,300 $0 $0
2019 $5,209 $86,200 $22,800 $63,400
2018 $5,111 $86,200 $0 $0
2017 $4,086 $84,100 $0 $0
2016 $4,086 $80,300 $0 $0
2015 $4,049 $75,700 $0 $0
2014 $3,899 $71,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andy Smith

    Seller's Agent in 2022

    Andy Smith

    EXP Realty (Grand Rapids)

    (616) 209-0323

    1 in this area

    150 Total Sales

    Andy Smith
    Section Image

  • J

    Buyer's Agent in 2022

    Jill Golden

    Realty Executives Instant Equity

    Section Image
  • The Frazee Team

    Seller's Agent in 2016

    The Frazee Team

    Century 21 Affiliated

    (269) 985-3049

    24 in this area

    443 Total Sales

    The Frazee Team
    Section Image

  • B

    Buyer's Agent in 2016

    Becky Heaps

    Realty Executives Instant Equity

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22012120

Southwestern Michigan Association of REALTORS®

APN: 11-76-1600-0001-00-9

Michigan Berrien County Saint Joseph 49085

603 Wayne St, Saint Joseph, MI

This home is located at 603 Wayne St, Saint Joseph, MI 49085 since 12 April 2022 and is currently estimated at $352,871. This property was built in 1920. 603 Wayne St is a home located in Berrien County with nearby schools including Upton Middle School, St. Joseph High School, and Benton Harbor Charter School Academy.

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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