Seller's Agent in 2024
Dave Ledebuhr
Musselman Realty Company
(517) 332-3582
4 in this area
76 Total Sales
605 N Bridge St Dewitt, MI 48820
Estimated Value: $253,000 - $324,000
--
Bed
2
Baths
2,092
Sq Ft
$136/Sq Ft
Est. Value
Highlights
- Boat Slip
- Corner Lot
- Cooling System Mounted In Outer Wall Opening
- Scott Elementary School Rated A-
- Balcony
- Landscaped
About This Home
As of September 2024Welcome to 605 - 607 N. Bridge Street, Dewitt. A rare opportunity to acquire a duplex within a two-block walking distance to downtown Dewitt. This up and down two-unit property and the condition of both units reflects superb value with updated flooring, and recent interior painting. This property is located next to a church and features wonderful open space. Each unit is 3-bedroom, 1 full bath, with wall A/C units, mostly newer windows, and a newer oversized concrete driveway. Both units are currently vacant, as the owners primarily used this for family members. Current market rents indicate that each unit should rent in the $1200-$1500/month range, so excellent cash flow potential exists. The lower unit has had complete kitchen cabinet replacement and has stainless steel appliances. Newer sewer line cleanouts were installed along with 2 electric water heaters in 2021. Each unit has efficient electric heat, so maintenance is minimized. A newer slider to the composite deck in the upper unit has nice built-in blinds. The newer exterior siding was installed in 2014, again with low maintenance in mind, and the lower level also is a walkout to a patio area.
Last Agent to Sell the Property
Musselman Realty Company License #6502109685 Listed on: 08/23/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,003
Year Built
- Built in 1974
Lot Details
- 0.26 Acre Lot
- Lot Dimensions are 66x172
- Landscaped
- Corner Lot
- Rectangular Lot
- Back Yard
Home Design
- 2-Story Property
- Brick Exterior Construction
- Block Foundation
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,092 Sq Ft Home
- Walk-Out Basement
- Fire and Smoke Detector
Flooring
- Carpet
- Vinyl
Parking
- 4 Parking Spaces
- No Garage
- Driveway
- Off-Street Parking
Outdoor Features
- Boat Slip
- Balcony
Location
- City Lot
Schools
- David Scott Elementary School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating Available
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 23, 2024
Closed on
Sep 20, 2024
Sold by
Spalding Family Investments No 1 Llc
Bought by
Olive Branch Holdings Llc
Seller's Agent
Dave Ledebuhr
Musselman Realty Company
Buyer's Agent
Dave Ledebuhr
Musselman Realty Company
List Price
$269,500
Sold Price
$270,000
Premium/Discount to List
$500
0.19%
Views
11
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,333
Avg. Annual Appreciation
4.37%
Purchase Details
Closed on
Apr 25, 2017
Sold by
Buffington Robert E
Bought by
Spalding Family Investments #1 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,500
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jun 2, 2016
Sold by
605 Bridge Street Llc
Bought by
Buffington Robert E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Jan 12, 2016
Sold by
Jones Josh and Jones Allison
Bought by
605 Bridge Street Llc
Purchase Details
Listed on
May 6, 2015
Closed on
May 1, 2015
Sold by
Johnson James D and Johnson Lynn
Bought by
Jones Josh
Seller's Agent
Rob Buffington
White Pine Sotheby's International Realty
Buyer's Agent
Rob Buffington
White Pine Sotheby's International Realty
List Price
$126,000
Sold Price
$126,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$123,717
Interest Rate
3.77%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Olive Branch Holdings Llc | $270,000 | Transnation Title | |
| Spalding Family Investments #1 Llc | $158,000 | Tri Title Agency Llc | |
| Buffington Robert E | -- | None Available | |
| 605 Bridge Street Llc | -- | None Available | |
| Jones Josh | $126,000 | Tri Title Agency Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Spalding Family Investments #1 Llc | $118,500 | |
| Previous Owner | Buffington Robert E | $126,000 | |
| Previous Owner | Jones Josh | $123,717 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/20/2024 09/20/24 | Sold | $270,000 | +0.2% | $129 / Sq Ft | |
| 08/28/2024 08/28/24 | Pending | -- | -- | -- | |
| 08/23/2024 08/23/24 | For Sale | $269,500 | +113.9% | $129 / Sq Ft | |
| 05/01/2015 05/01/15 | Sold | $126,000 | 0.0% | $60 / Sq Ft | View Prior Sale |
| 05/01/2015 05/01/15 | Pending | -- | -- | -- | |
| 05/01/2015 05/01/15 | For Sale | $126,000 | -- | $60 / Sq Ft |
Source: Greater Lansing Association of Realtors®
Tax History Compared to Growth
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 | $4,201 | $82,800 | $21,000 | $61,800 |
| 2024 | $2,847 | $77,300 | $19,200 | $58,100 |
| 2023 | $2,947 | $71,800 | $0 | $0 |
| 2022 | $3,808 | $66,200 | $18,200 | $48,000 |
| 2021 | $3,690 | $62,600 | $17,700 | $44,900 |
| 2020 | $3,614 | $60,100 | $16,500 | $43,600 |
| 2019 | $3,503 | $56,300 | $16,500 | $39,800 |
| 2018 | $4,230 | $58,600 | $16,500 | $42,100 |
| 2017 | $3,196 | $53,600 | $16,500 | $37,100 |
| 2016 | $3,189 | $51,300 | $14,900 | $36,400 |
| 2015 | -- | $39,300 | $0 | $0 |
| 2011 | -- | $46,300 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Ledebuhr
-
Rob Buffington
Seller's Agent in 2015
Rob Buffington
White Pine Sotheby's International Realty
(517) 862-5777
11 in this area
167 Total Sales
Map
Source: Greater Lansing Association of Realtors®
MLS Number: 283072
APN: 200-100-000-136-00
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Copyright © 2025 Greater Lansing Association of REALTORS®
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