NOT LISTED FOR SALE

725 Newton Ct Hastings, MI 49058

Estimated Value: $203,000 - $251,135

2 Beds
1 Bath
1,587 Sq Ft
$144/Sq Ft Est. Value

Last Sold January 12, 2021

Last sale price $151,745 $96 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,555/month

8 Days on Market

Highlights

  • Private Waterfront
  • 1 Fireplace
  • Home fronts a stream
  • Wooded Lot
  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System

About This Home

As of January 2021

Incredible Opportunity!! This home is currently an income generating Duplex, which features a pair of nicely updated & well maintained 2 bedroom 1 bath apartments. Lots of possibilities here. Live in one & rent the other? Or convert back to a 4 Bedroom 2 Bath single family home? This home sits on a beautiful private, 3/4+ Acre Setting on Fall Creek. You don't see deals like this everyday!! You snooze, you lose!!! In the words of Van Halen, you better JUMP!!
Both units are currently leased to long term tenants who are currently month to month.
DISCLOSURE: Seller is brother of listing agent.

Last Agent to Sell the Property

Steve Gagon

EXP Realty License #6506045199 Listed on: 11/15/2020

EXP Realty

Last Buyer's Agent

Lynette Fitzpatrick

The Local Element West Michigan License #6501398608

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,527

Year Built

  • Built in 1920

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 300 x 134
  • Home fronts a stream
  • Private Waterfront
  • 333 Feet of Waterfront
  • The property's road front is unimproved
  • Wooded Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Water Views
  • Partial Basement

Parking

  • 8 Parking Spaces
  • Unpaved Driveway
  • Unpaved Parking

Outdoor Features

  • Water Access

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Septic System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,527

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Partial

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 150000.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Unimproved
  • Water Body Name: Fall Creek
  • Waterfront Features: Stream, Waterfront
  • Waterfront: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Unpaved
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: None, Wall Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Septic System
  • Water Source: Public

Association/Amenities

  • Water Fea Amenities:Private Frontage: Yes
  • Water Fea Amenities:View: Yes

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Dimensions: 300 x 134
  • Lot Size Sq Ft: 16727.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2527.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2020
Closed on
Jan 12, 2021
Sold by
Gagnon Jeffrey N and Loew Wendy J
Bought by
Lindahl Kevin and Lindahl Melinda
Seller's Agent
Steve Gagon
EXP Realty
Buyer's Agent
Lynette Fitzpatrick
The Local Element West Michigan
List Price
$150,000
Sold Price
$151,745
Premium/Discount to List
$1,745
1.16%
Total Days on Market
8
Current Estimated Value
$228,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,289
Avg. Annual Appreciation
9.70%
Original Mortgage
$113,809
Outstanding Balance
$102,665
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$125,369

Purchase Details

Closed on
Jul 3, 2001
Bought by
Gagnon Jeffrey N and Gagnon Wendy J
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 Buyer Sale Price Title Company
Lindahl Kevin $151,745 First American Title
Gagnon Jeffrey N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lindahl Kevin $113,809
Previous Owner Gagnon Jeffrey N $67,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2021 01/12/21 Sold $151,745 +1.2% $96 / Sq Ft
11/23/2020 11/23/20 Pending -- -- --
11/15/2020 11/15/20 For Sale $150,000 -- $95 / Sq Ft
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 $3,298 $97,600 $0 $0
2024 $3,298 $112,500 $0 $0
2023 $2,144 $78,800 $0 $0
2022 $2,144 $78,800 $0 $0
2021 $2,144 $76,300 $0 $0
2020 $2,144 $67,200 $0 $0
2019 $2,144 $60,000 $0 $0
2018 $0 $52,500 $0 $0
2017 $0 $51,300 $0 $0
2016 -- $42,300 $0 $0
2015 -- $41,700 $0 $0
2014 -- $41,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20047678

Southwestern Michigan Association of REALTORS®

APN: 55-220-119-00