NOT LISTED FOR SALE

Estimated Value: $225,000 - $357,000

-- Bed
-- Bath
-- Sq Ft
3,772 Sq Ft Lot

Last Sold June 06, 2013

Last sale price $80,000

Est. 282% increase in value since last sale

Current estimated payment $1,815/month

22 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Cherry Park

About This Home

As of June 2013

Cute East Hills two-unit. Good opportunity for investor or owner occupant. Separate utilities and easy to rent location. Potential for very solid cash flow. Hardwood floors and 1 stall garage in back that can be used for storage. On a block of much more expensive homes.

Last Agent to Sell the Property

David Kirchgessner

Greenridge Realty (EGR) Listed on: 03/28/2013

Co-Listed By

Robert Kirchgessner Jr.

West Michigan Group LLC, The - I License #6502139260

Last Buyer's Agent

David Kirchgessner

Greenridge Realty (EGR) Listed on: 03/28/2013

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,525

Year Built

  • Built in 1890

Lot Details

  • 3,772

Parking

  • 2 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 3,772 Sq Ft Lot

Community Details

  • 3 Units
  • Insurance Expense $500

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,525

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 84900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3772.0
  • Zoning Description: LDR

Rental Info

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

Multi Family

  • Insurance Expense: 500.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1525.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2013
Closed on
Jun 6, 2013
Sold by
Huyge William E
Bought by
Purcell Kara M
Seller's Agent
David Kirchgessner
Greenridge Realty (EGR)
Buyer's Agent
David Kirchgessner
Greenridge Realty (EGR)
List Price
$84,900
Sold Price
$80,000
Premium/Discount to List
-$4,900
-5.77%
Current Estimated Value
$305,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,485
Avg. Annual Appreciation
10.96%
Original Mortgage
$110,067
Outstanding Balance
$79,977
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$208,049

Purchase Details

Closed on
Jul 26, 1996
Bought by
First Nat'L Acceptance Co and Purcell Kara M

Purchase Details

Closed on
Jun 3, 1996
Sold by
Fir Davis L and Fir Nat Ac
Bought by
Fir Nat Ac and Purcell Kara M

Purchase Details

Closed on
Apr 4, 1996
Bought by
Purcell Huyge W and Purcell Kara M

Purchase Details

Closed on
Oct 15, 1993
Sold by
Blake Inv and Blake Davis L
Bought by
Purcell Kara M

Purchase Details

Closed on
May 26, 1993
Sold by
Deeb Deeb M M and Deeb Davis L
Bought by
Purcell Kara M

Purchase Details

Closed on
May 25, 1993
Sold by
Jr Deeb
Bought by
Purcell Kara M

Purchase Details

Closed on
May 19, 1993
Sold by
Pickard Pickard H H and Pickard Deeb M
Bought by
Purcell Kara M

Purchase Details

Closed on
Nov 2, 1987

Purchase Details

Closed on
Dec 1, 1985
Sold by
Deeb Deeb E E and Deeb M
Bought by
Purcell Kara M

Purchase Details

Closed on
May 11, 1982
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
Purcell Kara M $80,000 Sun Title Agency Of Mi Llc
First Nat'L Acceptance Co $17,000 --
Fir Nat Ac $100 --
Purcell Huyge W $39,000 --
Purcell Kara M -- --
Purcell Kara M $24,000 --
Purcell Kara M $24,000 --
Purcell Kara M $10,000 --
-- $39,900 --
Purcell Kara M -- --
-- $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Purcell Kara M $110,067
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2013 06/06/13 Sold $80,000 -5.8% --
04/19/2013 04/19/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $84,900 -- --
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 $2,335 $126,000 $0 $0
2024 $2,335 $112,900 $0 $0
2023 $2,316 $93,600 $0 $0
2022 $2,201 $84,700 $0 $0
2021 $2,145 $79,500 $0 $0
2020 $1,705 $77,700 $0 $0
2019 $1,761 $69,900 $0 $0
2018 $1,704 $62,300 $0 $0
2017 $1,661 $47,500 $0 $0
2016 $1,674 $39,900 $0 $0
2015 $1,922 $39,900 $0 $0
2013 -- $32,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13014262

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-430-029