NOT LISTED FOR SALE

Estimated Value: $65,000 - $134,593

2 Beds
2 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold August 03, 2023

Last sale price $65,000

Est. 44% increase in value since last sale

Current estimated payment $597/month

11 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 3-minute walk to Reed Street Park

About This Home

As of August 2023

A great opportunity to get an income property at a good price. The units do need some work. Long time tenants are on a month to month basis. Upstairs pays $400 per month and the main level pays $540 per month. Landlord pays utilities. New Furnace 2023 for 2nd Floor Unit. Property is being sold in AS IS Condition. Buyers can do any inspections they deem necessary but seller will do no repairs. Showings will need to be coordinated with seller and tenants. Please note that Notice is needed.

Last Agent to Sell the Property

Shelly Pattison

RE/MAX Advantage License #6501250397 Listed on: 04/28/2023

RE/MAX Advantage

Co-Listed By

Jake Pattison

RE/MAX Advantage

Last Buyer's Agent

Tom Seelbinder

Seelbinder Real Estate License #6502341522

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50x132

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1918
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1739.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 65000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 50x132
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1739.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
Aug 3, 2023
Sold by
Holmes John C
Bought by
Janzen Teresa
Seller's Agent
Shelly Pattison
RE/MAX Advantage
Buyer's Agent
Tom Seelbinder
Seelbinder Real Estate
List Price
$65,000
Sold Price
$65,000
Views
84
Current Estimated Value
$93,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,648
Avg. Annual Appreciation
20.06%
Original Mortgage
$97,472
Outstanding Balance
$95,534
Interest Rate
6.81%
Mortgage Type
FHA
Estimated Equity
-$1,665

Purchase Details

Listed on
Jul 12, 2019
Closed on
Sep 25, 2019
Sold by
Mccaroll Franklin S
Bought by
Holmes John C
Seller's Agent
Willie Mae Pierson
Pierson Real Estate
Buyer's Agent
Shelly Pattison
RE/MAX Advantage
List Price
$45,500
Sold Price
$40,000
Premium/Discount to List
-$5,500
-12.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.40%

Purchase Details

Closed on
Oct 15, 2012
Sold by
Mccarroll Franklin S
Bought by
Mccarroll Franklin S and Snowball Trust

Purchase Details

Closed on
Jul 8, 2005
Sold by
Mccarroll Franklin S
Bought by
Mccarroll Franklin S and Franklin S Mccarroll Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
5.82%
Mortgage Type
Unknown
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
Janzen Teresa $65,000 Chicago Title
Holmes John C $40,000 Devon Title Company
Mccarroll Franklin S -- None Available
Mccarroll Franklin S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Janzen Teresa $97,472
Previous Owner Mccarroll Franklin S $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $65,000 0.0% --
05/09/2023 05/09/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $65,000 +62.5% --
09/25/2019 09/25/19 Sold $40,000 -12.1% --
09/07/2019 09/07/19 Pending -- -- --
07/12/2019 07/12/19 For Sale $45,500 -- --
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 $964 $42,200 $0 $0
2024 $964 $33,600 $0 $0
2023 $758 $30,100 $0 $0
2022 $1,740 $26,000 $0 $0
2021 $1,683 $26,900 $0 $0
2020 $1,651 $24,000 $0 $0
2019 $1,353 $20,100 $0 $0
2018 $1,436 $18,700 $0 $0
2017 $1,330 $19,100 $0 $0
2016 $1,330 $18,700 $0 $0
2015 $1,330 $18,400 $0 $0
2014 $1,330 $17,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23013186

Southwestern Michigan Association of REALTORS®

APN: 06-27-227-014