NOT LISTED FOR SALE

620 S Main St Wayland, MI 49348

Estimated Value: $344,009 - $441,000

2 Beds
2 Baths
2,480 Sq Ft
$155/Sq Ft Est. Value

Last Sold May 24, 2017

Last sale price $125,000 $50 Per Sq Ft

Est. 207% increase in value since last sale

Current estimated payment $2,408/month

53 Days on Market

Highlights

  • 3.2 Acre Lot
  • Laundry Facilities
  • Wood Siding
  • Forced Air Heating System

About This Home

As of May 2017

What an opportunity in the Charming City of Wayland. Spacious 2 family w/enclosed porches and laundry area. Close to down town, library, shopping and backs up to the inter-urban trail for recreation and a short-cut to the skate park. The 3+ acre parcel is ideal for mixed use concept. Many possibilities. Note: Property held in family for decades so AV/Taxable is low.

Last Agent to Sell the Property

Patricia Koval

Greenridge Realty (Wayland) License #6506044904 Listed on: 02/11/2017

Last Buyer's Agent

Jyoti Kataria

Keller Williams GR North (Main) License #6501389673

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1860

Lot Details

  • 3.2 Acre Lot
  • Lot Dimensions are 132x1320

Parking

  • 10 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Partial Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1860
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 132x1320
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3237.43
  • Tax Info:Zoning3: B-2 & I-2
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 149900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 10.0
  • General Property Info:Total Parking Spaces: 10.0

Utilities

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

Lot Info

  • Lot Size Acres: 3.2
  • Lot Size Area: 3.2
  • Lot Size Sq Ft: 139392.0
  • Zoning Description: B-2 & I-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3237.43
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2017
Closed on
May 24, 2017
Sold by
Radny Frances Marie and Litten Mary Louise
Bought by
Cooper Land Co Llc
Seller's Agent
Patricia Koval
Greenridge Realty (Wayland)
Buyer's Agent
Jyoti Kataria
Keller Williams GR North (Main)
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%
Current Estimated Value
$384,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,252
Avg. Annual Appreciation
14.14%
Original Mortgage
$100,000
Outstanding Balance
$82,864
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$301,388
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
Cooper Land Co Llc $125,000 Chicago Title Of Mi Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Land Co Llc $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2017 05/24/17 Sold $125,000 -16.6% $50 / Sq Ft
04/05/2017 04/05/17 Pending -- -- --
02/11/2017 02/11/17 For Sale $149,900 -- $60 / Sq Ft
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 $4,590 $156,600 $38,800 $117,800
2024 $4,167 $142,100 $33,600 $108,500
2023 $4,167 $91,900 $21,300 $70,600
2022 $4,167 $80,300 $19,500 $60,800
2021 $3,933 $73,400 $18,700 $54,700
2020 $3,933 $69,500 $18,700 $50,800
2019 $3,753 $67,100 $18,700 $48,400
2018 $0 $60,400 $18,700 $41,700
2017 $0 $60,500 $18,700 $41,800
2016 $0 $51,500 $17,700 $33,800
2015 -- $51,500 $17,700 $33,800
2014 -- $46,900 $17,700 $29,200
2013 -- $45,100 $17,700 $27,400
Source: Public Records

Agents Affiliated with this Home

  • Patricia Koval

    Seller's Agent in 2017

    Patricia Koval

    Greenridge Realty (Wayland)

    (616) 437-0013

    12 in this area

    96 Total Sales

    Patricia Koval
    Section Image

  • J

    Buyer's Agent in 2017

    Jyoti Kataria

    Keller Williams GR North (Main)

See All Agents

Map

Source: MichRIC

MLS Number: 17005177

MichRIC

APN: 56-006-118-00

Michigan Allegan County Wayland 49348

620 S Main St, Wayland, MI

Not Listed for Sale

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