NOT LISTED FOR SALE

Estimated Value: $312,000 - $392,000

4 Beds
3 Baths
-- Sq Ft
0.69 Acres

Last Sold February 11, 2022

Last sale price $340,000

Est. 9% increase in value since last sale

Current estimated payment $2,164/month

145 Days on Market

Highlights

  • Waterfront
  • Forced Air Heating System
  • High Speed Internet
  • Cooling Available
  • Baseboard Heating

About This Home

As of February 2022

Wonderfully located unique 4-unit vacation rental property in a quaint little beach community situated 2 blocks from Lake Michigan! Guests can enjoy sandy Lake Michigan beaches less than a mile away and then head to popular beach/shopping/dining towns of Saint Joseph just 10 minutes south or South Haven 15 minutes north. Wineries and breweries also abound! Recent tasteful updates and furnishings included with sale equals turn-key opportunity! Summer daily rental rates range from $100 to $200 per night per unit! There is a main home with 3 separate units and a separate cottage. The units offer a deck for outside enjoyment and a firepit for those cooler evenings. Situated minutes from the interstate and close to great restaurants, shopping and entertainment. A GREAT investment for either short term or long term rental income!

Last Listed By

John Jordan

Siriano Realty License #6501392963 Listed on: 02/07/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,022

Year Built

  • Built in 1948

Lot Details

  • 0.69 Acre Lot
  • Waterfront
  • The property's road front is unimproved

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Michigan Basement

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Wall Furnace
  • Window Unit Heating System
  • Baseboard Heating
  • Natural Gas Connected
  • Well
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Buildings
  • 4 Units
  • Lake Michigan Beach Subdivision

Listing and Financial Details

  • The owner pays for gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,022

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement, Other

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 349000.0
  • Number of Buildings: 2
  • Road Surface Type: Paved, Unimproved
  • Roof: Composition
  • Water Body Name: Lake Michigan
  • Waterfront: Yes

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Wall Furnace, Forced Air, Baseboard
  • Heating: Yes
  • Sewer: Septic System
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Broadband
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 0.69
  • Lot Size Area: 0.69
  • Lot Size Sq Ft: 30197.0
  • Zoning Description: R002
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2022.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2022
Closed on
Feb 9, 2022
Sold by
Lockwood Aaron P and Lockwood Jennifer
Bought by
Blackwood Storage Llc
Seller's Agent
John Jordan
Siriano Realty
Buyer's Agent
The Tomlinson Group
RE/MAX by the Lake
List Price
$349,000
Sold Price
$340,000
Premium/Discount to List
-$9,000
-2.58%
Total Days on Market
145
Current Estimated Value
$370,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,933
Avg. Annual Appreciation
2.35%
Original Mortgage
$340,000
Outstanding Balance
$319,993
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$47,110

Purchase Details

Listed on
Jun 22, 2016
Closed on
Aug 9, 2016
Sold by
Honor Credit Union
Bought by
Lockwood Aaron P and Lockwood Jennifer
Seller's Agent
Jaimie Lenardson
@properties Christie's International R.E.
Buyer's Agent
John Jordan
Siriano Realty
List Price
$59,900
Sold Price
$52,000
Premium/Discount to List
-$7,900
-13.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.60%

Purchase Details

Closed on
May 13, 2016
Sold by
Zwolinski Margaret Louise and Essig Margaret Louise
Bought by
Honor Credit Union

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
Blackwood Storage Llc $340,000 First American Title
Lockwood Aaron P $52,000 Multiple
Honor Credit Union -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blackwood Storage Llc $340,000
Previous Owner Lockwood Aaron P $90,000
Previous Owner Lockwood Aaron P $90,000
Previous Owner Zwolinski Margaret Louise $61,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $340,000 -2.6% --
02/01/2022 02/01/22 Pending -- -- --
09/09/2021 09/09/21 For Sale $349,000 +571.2% --
08/10/2016 08/10/16 Sold $52,000 -13.2% --
07/27/2016 07/27/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $59,900 -- --
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 $1,055 $123,300 $0 $0
2023 $1,005 $92,400 $0 $0
2022 $507 $83,300 $0 $0
2021 $2,037 $60,200 $16,800 $43,400
2020 $2,022 $44,500 $0 $0
2019 $2,027 $44,200 $0 $0
2018 $2,551 $56,400 $0 $0
2017 $2,466 $56,300 $0 $0
2016 $1,973 $62,500 $0 $0
2015 $1,956 $56,600 $0 $0
2014 $479 $75,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21104992

Southwestern Michigan Association of REALTORS®

APN: 11-10-4560-8016-03-4