$148,000
SOLD DEC 19, 2017
-- Bed
-- Bath
-- Sq Ft
5,183 Sq Ft Lot

Recently Sold

7% Below List Price

1 Day on Market

About This Home

As of August 2019

Excellent four unit income property being sold at a 10% Cap rate! Opportunity to Owner occupy with an open 2 Bedroom unit. Do not miss this opportunity to own your own rental close to US-131 and downtown.

Last Agent to Sell the Property

Kyle Dee

ERA Reardon Realty Great Lakes Listed on: 11/15/2017

Last Buyer's Agent

James Marshall

United Realty Services LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,860

Year Built

  • Built in 1910

Lot Details

  • 5,183 Sq Ft Lot
  • Lot Dimensions are 45x115

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Michigan Basement

Parking

  • 4 Parking Spaces
  • Unpaved Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $850
  • Utility Expense $4,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,860

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 45x115
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1860.0
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: 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
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 159900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5183.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Insurance Expense: 850.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 1860.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2019
Closed on
Aug 1, 2019
Sold by
Bouck Joshua Gilbert and Bouck Joshua Gilbert
Bought by
Kj Urban Properties Llc
Seller's Agent
James Marshall
United Realty Services LLC
Buyer's Agent
Allison Koetsier
Compass Realty Services
List Price
$190,000
Sold Price
$210,000
Premium/Discount to List
$20,000
10.53%
Current Estimated Value
$289,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,352
Avg. Annual Appreciation
5.50%
Original Mortgage
$168,000
Outstanding Balance
$148,177
Interest Rate
3.73%
Mortgage Type
Commercial
Estimated Equity
$141,175

Purchase Details

Listed on
Nov 15, 2017
Closed on
Dec 19, 2017
Sold by
Frantz Johnathan E and Stark Brenden A
Bought by
The Joshua Gilbert Bouck And Janine Muni
Seller's Agent
Kyle Dee
ERA Reardon Realty Great Lakes
Buyer's Agent
James Marshall
United Realty Services LLC
List Price
$159,900
Sold Price
$148,000
Premium/Discount to List
-$11,900
-7.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.11%

Purchase Details

Listed on
Nov 25, 2015
Closed on
Apr 14, 2016
Sold by
Carter Norberto and Carter Hilda
Bought by
Stark Brenden A and Frantz Johnathan E
Seller's Agent
Anthony DeBartolo
DeBartolo Realty - I
Buyer's Agent
Kyle Dee
ERA Reardon Realty Great Lakes
List Price
$99,900
Sold Price
$99,000
Premium/Discount to List
-$900
-0.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.04%
Original Mortgage
$74,250
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2005
Sold by
Calderon Miguel and Fetch Bob
Bought by
Carter Noberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,800
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2005
Sold by
Bergman Lawrence D and Bergman Judith A
Bought by
Calderon Miguel and Calderon Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,800
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 1999
Sold by
Durham Ralph
Bought by
Calderon Miguel and Carter Noberto

Purchase Details

Closed on
Feb 18, 1999
Sold by
Bergman Lawrence D Judith A
Bought by
Durham Ralph and Carter Noberto

Purchase Details

Closed on
May 8, 1992
Bought by
Bergman Lawrence D Judith A and Carter Noberto

Purchase Details

Closed on
Apr 30, 1992
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 Type Sale Price Title Company
Warranty Deed $210,000 Iron Gate Title Agency Llc
Warranty Deed $148,000 None Available
Warranty Deed $99,000 None Available
Warranty Deed $88,500 None Available
Warranty Deed $39,000 None Available
Deed $40,700 --
Deed -- --
Warranty Deed $44,000 --
Warranty Deed $18,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $168,000 Commercial
Previous Owner $92,900 Credit Line Revolving
Previous Owner $74,250 Commercial
Previous Owner $13,275 Unknown
Previous Owner $70,800 Commercial
Previous Owner $70,800 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $210,000 +10.5% --
07/01/2019 07/01/19 Pending -- -- --
06/24/2019 06/24/19 For Sale $190,000 +28.4% --
12/19/2017 12/19/17 Sold $148,000 -7.4% --
11/16/2017 11/16/17 Pending -- -- --
11/15/2017 11/15/17 For Sale $159,900 +61.5% --
04/15/2016 04/15/16 Sold $99,000 -0.9% --
01/01/2016 01/01/16 Pending -- -- --
11/25/2015 11/25/15 For Sale $99,900 -- --
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
2025 $3,140 $119,100 $0 $0
2024 $3,140 $105,000 $0 $0
2023 $3,114 $88,400 $0 $0
2022 $2,960 $77,200 $0 $0
2021 $2,884 $73,100 $0 $0
2020 $2,874 $54,500 $0 $0
2019 $2,005 $42,400 $0 $0
2018 $1,944 $36,700 $0 $0
2017 $1,810 $31,200 $0 $0
2016 $1,578 $30,000 $0 $0
2015 $1,504 $30,000 $0 $0
2013 -- $28,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17056208

Southwestern Michigan Association of REALTORS®

APN: 41-17-01-154-035