NOT LISTED FOR SALE

620 Michigan St Eaton Rapids, MI 48827

Estimated Value: $171,000 - $282,000

-- Bed
3 Baths
-- Sq Ft
0.52 Acres

Last Sold July 15, 2013

Last sale price $65,000

Est. 221% increase in value since last sale

Current estimated payment $1,348/month

26 Days on Market

About This Home

As of July 2013

Outstanding income property. Positive cash flow. Perfect for owner occupant and/or investor. 2 buildings on one parcel. House has 3 bedrooms, 1 bath. Building has 2 units; each has 2 bedrooms, 1 bath. Appliances stay with homes. Many upgrades over past 10 years. This investment property generates over $26,000 in revenue each year. No unit has remained vacant longer than 2 weeks. High demand, great property. Age of buildings & square footage is approximate.

Last Agent to Sell the Property

Michael Hackett

Bellabay Realty LLC License #6502340753 Listed on: 05/17/2013

Last Buyer's Agent

Michael Hackett

Bellabay Realty LLC License #6502340753 Listed on: 05/17/2013

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1940

Lot Details

  • 0.52 Acre Lot

Parking

  • 7 Parking Spaces

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Buildings

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Block
  • List Price: 79000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 7.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.52
  • Lot Size Area: 0.52
  • Lot Size Sq Ft: 22651.0
  • Zoning Description: Multi-family

Rental Info

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

Tax Info

  • Tax Annual Amount: 2604.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2004
Sold by
Baker Michael C
Bought by
Hackett Virginia M and Thomas Virginia M
Current Estimated Value
$208,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
5.65%
Mortgage Type
Purchase Money Mortgage
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
Hackett Virginia M -- Michigan Bankers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hackett Virginia M $54,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2013 07/15/13 Sold $65,000 -17.7% --
06/12/2013 06/12/13 Pending -- -- --
05/17/2013 05/17/13 For Sale $79,000 -- --
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 $2,625 $60,200 $0 $0
2024 $1,683 $62,600 $0 $0
2023 $1,676 $68,200 $0 $0
2022 $2,491 $56,900 $0 $0
2021 $2,406 $43,400 $0 $0
2020 $2,380 $39,200 $0 $0
2019 $2,616 $45,036 $0 $0
2018 $2,555 $46,020 $0 $0
2017 $2,462 $44,250 $0 $0
2016 -- $41,950 $0 $0
2015 -- $40,750 $0 $0
2014 -- $39,950 $0 $0
2013 -- $47,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2013

    Michael Hackett

    Bellabay Realty LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13028237

Southwestern Michigan Association of REALTORS®

APN: 300-054-602-100-00

Michigan Eaton County Eaton Rapids 48827

620 Michigan St, Eaton Rapids, MI

This home is located at 620 Michigan St, Eaton Rapids, MI 48827 since 17 May 2013 and is currently estimated at $208,848. This property was built in 1940. 620 Michigan St is a home located in Eaton County with nearby schools including Lockwood Elementary School, Greyhound Intermediate School, and Eaton Rapids Middle School.

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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