NOT LISTED FOR SALE

Estimated Value: $215,618 - $269,000

-- Bed
1 Bath
-- Sq Ft
5,706 Sq Ft Lot

Last Sold April 13, 2017

Last sale price $110,000

Est. 127% increase in value since last sale

Current estimated payment $1,605/month

29 Days on Market

Highlights

  • Corner Lot: Yes
  • Wood Siding
  • 4-minute walk to Dickinson Park
  • Forced Air Heating and Cooling System

About This Home

As of April 2017

Great investment opportunity for a buyer interested in a owner-occupant home with a second, on-site rental unit! Main home is a 3bed/1bath featuring lovely oak woodwork, central air, new carpet and paint throughout, and full bathroom remodel. Rental rate for home when tenant-occupied was $900/mo (includes water only since meter is not split; heat, elec, trash paid by tenant. Two-stall garage has been converted to a 2bed/bath studio-like apartment. Garage unit is tenant-occupied on a month-to-month lease and pays $400/mo. City-certified for 2 more years. Homeowner estimates $2000/yearly maintenance. Schedule your private showing today! Bring all offers!

Last Agent to Sell the Property

Gene Szpeinski

Keller Williams Realty Rivertown License #6502351633 Listed on: 01/22/2017

Keller Williams Realty Rivertown

Co-Listed By

Derek Connor

Keller Williams Realty Rivertown

Last Buyer's Agent

Doretha Ardoin

Greenridge Realty (Kentwood) License #6501155457

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,570

Year Built

  • Built in 1926

Lot Details

  • 5,706 Sq Ft Lot
  • Lot Dimensions are 43x133
  • Corner Lot: Yes

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement

Utilities

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

Listing and Financial Details

  • Tenant pays for trash collection
  • The owner pays for water

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Maintenance Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,570

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 114900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5706.0
  • Zoning Description: 0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Trash Collection

Multi Family

  • Maintenance Expense: 2000.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1570.4
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2017
Closed on
Apr 13, 2017
Sold by
Glover Thomas and Glover Heidi
Bought by
Thomas Ferrell Eric A and Thomas Ferrell Elizabeth A
Seller's Agent
Gene Szpeinski
Keller Williams Realty Rivertown
Buyer's Agent
Doretha Ardoin
Greenridge Realty (Kentwood)
List Price
$114,900
Sold Price
$110,000
Premium/Discount to List
-$4,900
-4.26%
Total Days on Market
29
Current Estimated Value
$249,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,655
Avg. Annual Appreciation
10.90%
Original Mortgage
$106,150
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 2016
Sold by
Glover Thomas and Glover Heidi
Bought by
Glover Thomas and Glover Heidi

Purchase Details

Closed on
Oct 6, 2000
Bought by
Glover Glover T and Glover H

Purchase Details

Closed on
Oct 20, 1988
Source: Public Records

Range of Values:

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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
Thomas Ferrell Eric A $110,000 Midstate Title Agency Llc
Glover Thomas -- Attorney
Glover Glover T $80,000 --
-- $44,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas-Ferrell Eric A $33,200
Open Thomas-Ferrell Eric A $154,660
Closed Thomas Ferrell Eric A $106,150
Previous Owner Glover Thomas $67,800
Previous Owner Glover Thomas $69,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2017 04/13/17 Sold $110,000 -4.3% --
02/20/2017 02/20/17 Pending -- -- --
01/22/2017 01/22/17 For Sale $114,900 -- --
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
2024 $2,453 $102,800 $0 $0
2023 $2,007 $90,800 $0 $0
2022 $1,907 $74,900 $0 $0
2021 $1,967 $67,300 $0 $0
2020 $1,790 $57,800 $0 $0
2019 $1,850 $49,500 $0 $0
2018 $1,790 $40,800 $0 $0
2017 $1,250 $33,500 $0 $0
2016 $1,517 $29,800 $0 $0
2015 $1,446 $29,800 $0 $0
2013 -- $27,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17002423

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-429-006