NOT LISTED FOR SALE

616 Main St St. Joseph, MI 49085

Estimated Value: $318,753

Studio
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold May 24, 2022

Last sale price $275,725

Est. 16% increase in value since last sale

Current estimated payment $2,074/month

6 Days on Market

Highlights

  • Waterfront
  • Accessible Ramps
  • Doors are 36 inches wide or more
  • Upton Middle School Rated A
  • Forced Air Heating and Cooling System
  • 3-minute walk to Lake Bluff Park

About This Home

As of May 2022

This two unit building in downtown St. Joseph offers huge opportunities at a great price. Located within an easy stroll to shopping, restaurants and Silver Beach this could be an opportunity to have a weekend getaway at an affordable price plus have rental income to help pay the expenses. Currently the first floor unit is a professional office and the upstairs is a larger one bedroom apartment with full kitchen, full bath and washer & dryer. Revised City ordinance allows conversion to a second residential unit or you can even convert the entire place into a single family home if you desire. The place was completely gutted to the studs and rebuilt roughly 20 years ago and has been meticulously maintained ever since. Don't let this opportunity pass you by as this will not last long.

Last Agent to Sell the Property

Chris Marzke

@properties Christie's International R.E. License #6506044266 Listed on: 03/31/2022

@properties Christie's International R.E.

Last Buyer's Agent

The Petzke Team

RE/MAX by the Lake License #6502409512

RE/MAX by the Lake

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,265

Year Built

  • Built in 1910

Lot Details

  • 4,356 Sq Ft Lot
  • Waterfront

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof

Basement

  • Michigan Basement

Accessible Home Design

  • Doors are 36 inches wide or more
  • Accessible Ramps

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,115
  • Maintenance Expense $1,900

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,265

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: 36 Inch Entrance Doo, Ramped Entrance
  • Basement: Michigan Basement

Exterior Features

  • List Price: 270000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Lake Michigan
  • Waterfront: Yes

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 1115.0
  • Maintenance Expense: 1900.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4265.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
May 24, 2022
Sold by
Fire Findings Laboratories Llc
Bought by
Milton St Space Llc
Seller's Agent
Chris Marzke
@properties Christie's International R.E.
Buyer's Agent
The Petzke Team
RE/MAX by the Lake
List Price
$270,000
Sold Price
$275,725
Premium/Discount to List
$5,725
2.12%
Current Estimated Value
$318,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,028
Avg. Annual Appreciation
4.02%
Original Mortgage
$206,250
Outstanding Balance
$195,933
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$122,820

Purchase Details

Closed on
May 26, 2010
Sold by
Sanderson Jack L and Sanderson Mary E
Bought by
Fire Findings Laboratories Llc

Purchase Details

Closed on
Mar 5, 1999

Purchase Details

Closed on
Mar 1, 1976

Purchase Details

Closed on
Jul 1, 1975
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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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
Milton St Space Llc -- Chicago Title
Fire Findings Laboratories Llc -- None Available
-- $60,000 --
-- $23,100 --
-- $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milton St Space Llc $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2022 05/24/22 Sold $275,725 +2.1% --
04/06/2022 04/06/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $270,000 -- --
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 $5,019 $96,600 $0 $0
2024 $4,915 $88,000 $0 $0
2023 $4,704 $81,600 $0 $0
2022 $4,328 $83,400 $0 $0
2021 $4,265 $82,100 $13,200 $68,900
2020 $4,207 $76,500 $0 $0
2019 $4,161 $72,800 $12,500 $60,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 22010545

MichRIC

APN: 11-76-0340-0210-02-8