NOT LISTED FOR SALE

736 Broadway St Niles, MI 49120

Estimated Value: $173,000 - $197,808

-- Bed
2 Baths
-- Sq Ft
0.26 Acres

Last Sold September 13, 2024

Last sale price $162,765

Est. 13% increase in value since last sale

Current estimated payment $1,403/month

46 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding
  • Window Unit Cooling System

About This Home

As of September 2024

BACK ON THE MARKET. No fault of the seller.Discover a prime investment opportunity with this beautifully updated three-unit building located in the vibrant city of Niles, MI. Perfectly situated in a desirable area close to downtown, schools and shopping. This property boasts new roof, windows and each unit has been updated ensuring peace of mind and reduced maintenance costs for years to come. With all three units currently occupied by renters, this property offers a steady and reliable income stream from day one.

Last Agent to Sell the Property

Catherine Waggoner

CK Home Group License #6502432278 Listed on: 07/05/2024

Last Buyer's Agent

Judy Murray

Cressy & Everett Real Estate License #6501384267

Cressy & Everett Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,908

Year Built

  • Built in 1919

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 65x171

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement
  • Washer and Gas Dryer Hookup

Schools

  • Ballard Elementary School
  • Ring Lardner Junior High
  • Niles High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,908

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1919
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 65x171
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2908.0
  • General Property Info:Total _pound_ Units: 3
  • 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
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • General Property Info Elementary School2: Ballard Elementary
  • General Property Info High School: Niles High School
  • General Property Info Middle School2: Ring Lardner Junior HIgh
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 173000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Utilities: Phone Available, Cable Available, Natural Gas Connected, Electricity Connected

Schools

  • Elementary School: Ballard Elementary
  • High School: Niles High School
  • Middle/Junior School: Ring Lardner Junior HIgh

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Dimensions: 65x171
  • Lot Size Sq Ft: 11331.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2908.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2024
Closed on
Sep 13, 2024
Sold by
Nichols Trey
Bought by
Realty Marvels Llc
Seller's Agent
Catherine Waggoner
CK Home Group
Buyer's Agent
Judy Murray
Cressy & Everett Real Estate
List Price
$190,000
Sold Price
$162,765
Premium/Discount to List
-$27,235
-14.33%
Views
60
Current Estimated Value
$183,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,687
Avg. Annual Appreciation
12.45%
Original Mortgage
$122,073
Outstanding Balance
$120,991
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$62,461

Purchase Details

Listed on
Oct 4, 2013
Closed on
Jan 22, 2014
Sold by
Fannie Mae
Bought by
Ur Home Llc
Seller's Agent
Harry Burleson
Coldwell Banker R.E.Specialist
Buyer's Agent
Tonya Teter-Hans
Teter Realty Inc.
List Price
$24,500
Sold Price
$18,000
Premium/Discount to List
-$6,500
-26.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.97%

Purchase Details

Closed on
Jun 18, 2013
Sold by
1St Source Bank
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 17, 2013
Sold by
Greenfield Violet M
Bought by
1St Source Bank

Purchase Details

Closed on
Sep 29, 2008
Sold by
Irwin Charles L and Irwin Andrew Nels
Bought by
Greenfield Violet M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,000
Interest Rate
6.41%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 1, 2000

Purchase Details

Closed on
Apr 3, 1987

Purchase Details

Closed on
Mar 27, 1987

Purchase Details

Closed on
Jan 1, 1985

Purchase Details

Closed on
Jun 1, 1982

Purchase Details

Closed on
Mar 1, 1979
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
Realty Marvels Llc $162,765 Chicago Title Of Michigan
Ur Home Llc $18,000 Parks Title
Federal National Mortgage Association -- None Available
1St Source Bank $19,550 None Available
Greenfield Violet M $60,000 Chicago Title
-- -- --
-- $73,500 --
-- $29,000 --
-- $42,000 --
-- $29,000 --
-- $42,000 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Realty Marvels Llc $122,073
Previous Owner Ur Home Llc $143,500
Previous Owner Greenfield Violet M $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2024 09/13/24 Sold $162,765 -5.9% --
07/27/2024 07/27/24 Pending -- -- --
07/24/2024 07/24/24 Price Changed $173,000 -3.9% --
07/09/2024 07/09/24 Price Changed $180,000 -5.3% --
06/11/2024 06/11/24 For Sale $190,000 +94.9% --
05/15/2023 05/15/23 Sold $97,500 -2.5% --
03/15/2023 03/15/23 For Sale $100,000 +455.6% --
01/22/2014 01/22/14 Sold $18,000 -26.5% $7 / Sq Ft
01/10/2014 01/10/14 Pending -- -- --
10/04/2013 10/04/13 For Sale $24,500 -- $9 / 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 $5,202 $104,000 $0 $0
2024 $2,769 $93,000 $0 $0
2023 $1,538 $74,100 $0 $0
2022 $1,465 $57,500 $0 $0
2021 $2,670 $53,700 $3,000 $50,700
2020 $2,639 $50,500 $0 $0
2019 $2,601 $47,800 $2,000 $45,800
2018 $2,506 $47,800 $0 $0
2017 $2,479 $43,800 $0 $0
2016 $2,260 $40,700 $0 $0
2015 $2,253 $40,100 $0 $0
2014 $1,129 $37,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24029538

Southwestern Michigan Association of REALTORS®

APN: 11-72-3940-0019-00-6