$95,000
SOLD AUG 9, 2017
-- Bed
-- Bath
-- Sq Ft
0.33 Acres

Recently Sold

3 Days on Market

Highlights

  • Baseboard Heating
  • Laundry Facilities
  • Wood Siding
  • 5 Car Garage
  • Level Lot

About This Home

As of November 2021

Good investment property well cared for. No issues keeping them occupied.
Seller moved out of state no longer wants to be long distant landlord. Don't miss these 2 buildings. must be sold with 3 S. 25th St Expenses listed are for BOTH buildings combined.

Last Agent to Sell the Property

Bruce Phillips

Bruce Phillips, REALTORS LLC License #6502107665 Listed on: 04/27/2017

Last Buyer's Agent

Chip Spranger

RE/MAX Perrett Associates License #6506040636

RE/MAX Perrett Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 107.25 x 132.50
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Parking

  • 5 Car Garage
  • Carport

Location

  • Mineral Rights

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Building Details

  • Insurance Expense $3,235
  • Utility Expense $12,398
  • Gross Income $55,200

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1959
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 107.25 X 132.50
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 3982.45
  • Tax Info:Zoning3: R2
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Hot Water: Yes
  • Mineral Rights:Yes: Yes
  • Heat Type:Baseboard: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Other

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 95000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0
  • Extras:Garages: Yes
  • Extras:Carports: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water, Baseboard
  • Heating: Yes
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.33
  • Lot Size Area: 0.33
  • Lot Size Sq Ft: 14177.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 55200.0
  • Insurance Expense: 3234.5
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3982.45
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2021
Closed on
Nov 30, 2021
Sold by
Lipscomb Richard L
Bought by
Durand 300 Llc
Seller's Agent
Scott Harrington
Harrington Real Estate Group
Buyer's Agent
Skyler Sebring
eXp Realty LLC
List Price
$225,000
Sold Price
$225,000
Current Estimated Value
$322,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,613
Avg. Annual Appreciation
13.46%

Purchase Details

Listed on
Apr 27, 2017
Closed on
Jul 28, 2017
Sold by
Bagwell Kellie A
Bought by
Lipscomb Richard L
Seller's Agent
Bruce Phillips
Bruce Phillips, REALTORS LLC
Buyer's Agent
Chip Spranger
RE/MAX Perrett Associates
List Price
$95,000
Sold Price
$95,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.15%
Original Mortgage
$71,250
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 18, 2011
Sold by
Bagwell Steven T
Bought by
Bagwell Kellie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,687
Interest Rate
4.64%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 20, 2003
Sold by
Koons Sally
Bought by
Bagwell Steven T and Bagwell Kellie A
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 Type Sale Price Title Company
Warranty Deed $450,000 None Available
Warranty Deed $95,000 Attorney
Interfamily Deed Transfer -- None Available
Warranty Deed $70,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $71,250 New Conventional
Previous Owner $129,687 Unknown
Previous Owner $146,200 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2021 11/30/21 Sold $225,000 0.0% --
11/04/2021 11/04/21 Pending -- -- --
11/02/2021 11/02/21 For Sale $225,000 +136.8% --
08/09/2017 08/09/17 Sold $95,000 0.0% --
04/30/2017 04/30/17 Pending -- -- --
04/27/2017 04/27/17 For Sale $95,000 -- --
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 -- $114,900 $0 $0
2024 $5,290 $120,022 $0 $0
2023 $6,716 $119,073 $0 $0
2022 $4,782 $102,344 $0 $0
2021 $5,350 $97,389 $0 $0
2020 $5,290 $90,600 $0 $0
2019 $4,775 $71,133 $0 $0
2018 $4,775 $78,368 $5,217 $73,151
2017 $3,790 $80,201 $0 $0
2016 $3,780 $63,229 $0 $0
2015 $3,544 $65,743 $10,808 $54,935
2014 $3,544 $65,743 $10,808 $54,935
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17018532

Southwestern Michigan Association of REALTORS®

APN: 9940-32-004-0