NOT LISTED FOR SALE

611 W Prospect St Marshall, MI 49068

Estimated Value: $290,000 - $340,660

5 Beds
4 Baths
-- Sq Ft
0.25 Acres

Last Sold September 04, 2020

Last sale price $179,000

Est. 74% increase in value since last sale

Current estimated payment $2,386/month

112 Days on Market

Highlights

  • Hot Water Heating System
  • Wood Siding
  • 1-minute walk to Shearman School Playground
  • High Speed Internet

About This Home

As of September 2020

WHAT A GREAT INVESTMENT OPPORTUNITY!!!! This traditional 4 unit apartment complex sits on a quiet street just minutes from downtown Marshall. Each apartment is rented month to month with separate utilities & laundry area. Apartment #1 with 732 sq. ft. has 1 bedroom, 1 bath & beautiful original woodword & rents for $525/mo. Apartment #2 (studio) with 660 sq. ft. rents for $350/mo. Apartment #3 with 592 sq. ft. has 1 bedroom, 1 bath & rents for $650/mo. Apartment #4 with 800 sq. ft. has 2 bedrooms, 1 bath & rents for $750/mo. APARTMENTS #3 & #4 have been completely renovated! There's also a potential 5th apartment on the 3rd floor! A 4-plex in Marshall doesn't happen very often. Priced to sell at $189,500.

Last Agent to Sell the Property

CJ Shapiro

Berkshire Hathaway HomeServices Michigan Real Estate License #6506033200 Listed on: 04/16/2020

Berkshire Hathaway HomeServices Michigan Real Estate

Last Buyer's Agent

Out of Area Agent

Out of Area Office

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1905

Lot Details

  • 0.25 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 189500.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Natural Gas, Hot Water
  • Heating: Yes
  • Utilities: Cable Connected, Broadband

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 5011.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2024
Sold by
Lund Willard and Hyde Quentin
Bought by
611 W Prospect Llc
Current Estimated Value
$312,165

Purchase Details

Closed on
Apr 4, 2022
Sold by
611 W Prospect Llc
Bought by
Lund Willard and Lund Quentin Hyde

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,500
Interest Rate
4.67%
Mortgage Type
Balloon

Purchase Details

Listed on
Apr 16, 2020
Closed on
Oct 1, 2020
Sold by
Lund Willard
Bought by
611 W Prospect Llc
Seller's Agent
CJ Shapiro
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Out of Area Agent
Out of Area Office
List Price
$189,500
Sold Price
$179,000
Premium/Discount to List
-$10,500
-5.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.59%

Purchase Details

Listed on
Jan 15, 2018
Closed on
Feb 23, 2018
Sold by
Begg Jeffrey A and Jeffrey A Begg Trust
Bought by
Green Michael L
Seller's Agent
CJ Shapiro
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
CJ Shapiro
Berkshire Hathaway HomeServices Michigan Real Estate
List Price
$80,000
Sold Price
$80,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.48%
Original Mortgage
$128,000
Interest Rate
4.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2016
Sold by
Begg Jeffrey A
Bought by
Begg Jeffrey A and Jeffrey A Begg Trust
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
611 W Prospect Llc -- None Listed On Document
611 W Prospect Llc -- None Listed On Document
Lund Willard -- None Listed On Document
611 W Prospect Llc -- None Available
Green Michael L $160,000 Ata National Title Group Llc
Begg Jeffrey A -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lund Willard $129,500
Previous Owner Green Michael L $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $179,000 -5.5% --
08/06/2020 08/06/20 Pending -- -- --
04/16/2020 04/16/20 For Sale $189,500 +136.9% --
02/23/2018 02/23/18 Sold $80,000 0.0% --
01/15/2018 01/15/18 Pending -- -- --
01/15/2018 01/15/18 For Sale $80,000 -- --
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 $8,777 $169,800 $0 $0
2024 $2,309 $140,000 $0 $0
2023 $7,844 $120,200 $0 $0
2022 $5,694 $107,300 $0 $0
2021 $8,283 $113,000 $0 $0
2020 $5,078 $93,100 $0 $0
2019 $0 $70,100 $0 $0
2018 $0 $69,700 $11,300 $58,400
2017 $0 $68,600 $0 $0
2016 $0 $71,900 $0 $0
2015 -- $68,400 $0 $0
2014 -- $74,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • CJ Shapiro

    Seller's Agent in 2020

    CJ Shapiro

    Berkshire Hathaway HomeServices Michigan Real Estate

    (269) 209-4076

    122 in this area

    165 Total Sales

    CJ Shapiro
    Section Image

  • O

    Buyer's Agent in 2020

    Out of Area Agent

    Out of Area Office

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20012912

Southwestern Michigan Association of REALTORS®

APN: 53-000-234-00

Michigan Calhoun County Marshall 49068

611 W Prospect St, Marshall, MI

This home is located at 611 W Prospect St, Marshall, MI 49068 since 16 April 2020 and is currently estimated at $312,165. This property was built in 1905. 611 W Prospect St is a home located in Calhoun County with nearby schools including Harrington Elementary School, Marshall High School, and Marshall 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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