NOT LISTED FOR SALE

76 S Water St Hopkins, MI 49328

Estimated Value: $177,000 - $264,000

2 Beds
2 Baths
1,440 Sq Ft
$141/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $115,900 $80 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,345/month

3 Days on Market

About This Home

As of September 2020

Fantastic investment property located in the Village of Hopkins, front unit is currently rented on a month to month lease, both units are 2 bedroom, 1 bath with living room, kitchen with eating area. Desirable Hopkins schools, off street parking, close to restaurants, schools, laundromat and other shops in the village of Hopkins. Very short drive to US 131 highway access, perfectly located with a 30 minute drive to either downtown Grand Rapids or Kalamazoo.

Last Agent to Sell the Property

Eric Noonan

Keller Williams GR East License #6501290787 Listed on: 07/19/2020

Keller Williams GR East

Last Buyer's Agent

Alfred Hupp

Independence Realty (Main) License #6501409441

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,022

Year Built

  • Built in 1960

Lot Details

  • 2,816

Utilities

  • No Cooling
  • Forced Air Heating System
  • Wall Furnace
  • Well

Additional Features

  • Crawl Space
  • 2,816 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for electricity, sewer, gas
  • The owner pays for water

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $950
  • Maintenance Expense $400
  • Operating Expense $1,734
  • Gross Income $16,800
  • Net Operating Income $15,066

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,022

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 119900.0
  • Number of Buildings: 1

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Wall Furnace, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line
  • Water Source: Well, Public

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2816.0
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Sewer, Gas

Multi Family

  • Gross Income: 16800.0
  • Insurance Expense: 950.0
  • Maintenance Expense: 400.0
  • Net Operating Income: 15066.0
  • Number of Units Total: 2
  • Operating Expense: 1734.0

Tax Info

  • Tax Annual Amount: 2022.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2020
Closed on
Sep 14, 2020
Sold by
Outwater Benjamin R and Outwater Kristen M
Bought by
Hupp Alfred J
Seller's Agent
Eric Noonan
Keller Williams GR East
Buyer's Agent
Alfred Hupp
Independence Realty (Main)
List Price
$119,900
Sold Price
$115,900
Premium/Discount to List
-$4,000
-3.34%
Current Estimated Value
$202,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,853
Avg. Annual Appreciation
11.91%
Original Mortgage
$86,925
Outstanding Balance
$77,351
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$125,402

Purchase Details

Listed on
Jul 20, 2016
Closed on
Oct 24, 2016
Sold by
Green Todd
Bought by
Outwater Benjamin R and Outwater Kristen M
Seller's Agent
Lisa DeLaat
Harmony Real Estate LLC
Buyer's Agent
Eric Noonan
Keller Williams GR East
List Price
$55,000
Sold Price
$44,000
Premium/Discount to List
-$11,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.27%
Original Mortgage
$33,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2013
Sold by
Jpmorgan Chase Bank National Association
Bought by
Green Todd and Green Wende

Purchase Details

Closed on
Feb 2, 2012
Sold by
Capitano Darcy
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jun 11, 2007
Sold by
Vanhorn Chad and Vanhorn Jenny
Bought by
Capitano Darcy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,100
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 26, 2002
Sold by
Vanhorn Kenneth and Vanhorn Roxann
Bought by
Vanhorn Chad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,800
Interest Rate
7.5%

Purchase Details

Closed on
Apr 23, 2001
Sold by
Jensen Jon and Jensen Susan K
Bought by
Kuperus Brian J and Kuperus Cathy

Purchase Details

Closed on
Apr 20, 2001
Sold by
Kuperus Brian J and Kuperus Cathy
Bought by
Vanhorn Kenneth and Vanhorn Kenneth

Purchase Details

Closed on
Oct 2, 1997
Sold by
Jensen Jon and Jensen Susan
Bought by
Kuperus Brian 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
Hupp Alfred J $115,900 Lighthouse Ttl Agcy Thornapp
Outwater Benjamin R $44,000 Chicago Title
Green Todd $23,500 Fidelity National Title
Jpmorgan Chase Bank National Association $21,856 None Available
Capitano Darcy $86,500 Michigan Bankers Title
Vanhorn Chad -- --
Kuperus Brian J $35,000 Chicago Title Of Michigan In
Vanhorn Kenneth -- Chicago Title Of Michigan In
Kuperus Brian J $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hupp Alfred J $86,925
Previous Owner Outwater Benjamin R $33,000
Previous Owner Capitano Darcy $82,100
Previous Owner Vanhorn Chad $68,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2020 09/14/20 Sold $115,900 -3.3% $80 / Sq Ft
07/22/2020 07/22/20 Pending -- -- --
07/19/2020 07/19/20 For Sale $119,900 +172.5% $83 / Sq Ft
10/24/2016 10/24/16 Sold $44,000 -20.0% $31 / Sq Ft
07/25/2016 07/25/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $55,000 -- $38 / 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 $2,985 $65,900 $15,500 $50,400
2024 $2,675 $61,700 $12,400 $49,300
2023 $2,675 $54,500 $10,300 $44,200
2022 $2,675 $46,400 $8,200 $38,200
2021 $2,062 $43,000 $6,700 $36,300
2020 $2,062 $38,000 $5,400 $32,600
2019 $0 $33,600 $5,400 $28,200
2018 $0 $33,500 $5,400 $28,100
2017 $0 $32,600 $5,200 $27,400
2016 $0 $31,500 $4,600 $26,900
2015 -- $31,500 $4,600 $26,900
2014 -- $31,700 $6,000 $25,700
2013 -- $28,200 $5,200 $23,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2020

    Eric Noonan

    Keller Williams GR East

    (616) 915-8415

    25 Total Sales

    Eric Noonan
    Section Image

  • A

    Buyer's Agent in 2020

    Alfred Hupp

    Independence Realty (Main)

    (616) 293-0048

    10 Total Sales

    Alfred Hupp
    Section Image

  • L

    Seller's Agent in 2016

    Lisa DeLaat

    Harmony Real Estate LLC

    (616) 430-0994

    11 Total Sales

    Lisa DeLaat
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20028266

Southwestern Michigan Association of REALTORS®

APN: 44-600-004-50

Michigan Allegan County Hopkins 49328

76 S Water St, Hopkins, MI

This home is located at 76 S Water St, Hopkins, MI 49328 since 19 July 2020 and is currently estimated at $202,753, approximately $140 per square foot. This property was built in 1960. 76 S Water St is a home located in Allegan County with nearby schools including Hopkins High School and St. Paul's Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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