NOT LISTED FOR SALE

78 N Main St Kent City, MI 49330

Estimated Value: $220,000 - $292,000

3 Beds
3 Baths
-- Sq Ft
0.28 Acres

Last Sold November 15, 2019

Last sale price $120,000

Est. 106% increase in value since last sale

Current estimated payment $1,468/month

39 Days on Market

About This Home

As of November 2019

Multi Family on large lot has three 1 bedroom units, 2 on the ground floor, 1 upstairs. Market rents $600-650/mo. Gross Monthly rent $1950. Great investment with cash flow.

Last Agent to Sell the Property

Kathleen Rothenberg

JA Companies - I Listed on: 08/29/2019

Co-Listed By

Neil DeMeester

JA Companies - I

Last Buyer's Agent

Kathleen Rothenberg

Kathleen Rothenberg LLC License #6502432763

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,086

Year Built

  • Built in 1930

Lot Details

  • 0.28

Parking

  • 6 Parking Spaces

Home Design

  • Aluminum Siding

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Natural Gas Connected
  • Well

Additional Features

  • Michigan Basement
  • 0.28 Acre Lot

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,086

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 135000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Sewer
  • Water Source: Well

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Sq Ft: 12197.0
  • Zoning Description: multi
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2019
Closed on
Nov 15, 2019
Sold by
John Anthony Real Estate Llc
Bought by
Funk Richard B and Funk Kimberly R
Seller's Agent
Kathleen Rothenberg
JA Companies - I
Buyer's Agent
Kathleen Rothenberg
Kathleen Rothenberg LLC
List Price
$140,000
Sold Price
$120,000
Premium/Discount to List
-$20,000
-14.29%
Current Estimated Value
$246,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,766
Avg. Annual Appreciation
12.86%

Purchase Details

Closed on
May 31, 2019
Sold by
Feirick Bernard A
Bought by
John Anthony Real Estate Llc

Purchase Details

Listed on
Mar 26, 2012
Closed on
Jul 1, 2013
Sold by
J & J Holdings Llc
Bought by
Feirich Bernard A
Seller's Agent
Linda Gary
AM Realty Company LLC
Buyer's Agent
Brian Healey
Sable Realty LLC
List Price
$71,000
Sold Price
$55,000
Premium/Discount to List
-$16,000
-22.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.95%
Original Mortgage
$54,003
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 24, 2011
Sold by
Cardinal Gerarld W and Cardinal Jane A
Bought by
J & J Land Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
4.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 26, 2005
Sold by
Swanson Richard A
Bought by
Cardinal Gerald W and Cardinal Jane 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 Buyer Sale Price Title Company
Funk Richard B $120,000 None Available
John Anthony Real Estate Llc $92,000 Nations Title Agency
John Anthony Real Estate Lc $92,000 Nations Title Agency
Feirich Bernard A $55,000 None Available
J & J Land Holdings Llc -- None Available
Cardinal Gerald W $71,935 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feirich Bernard A $54,003
Previous Owner J & J Land Holdings Llc $217,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2019 11/15/19 Sold $120,000 -14.3% --
10/07/2019 10/07/19 Pending -- -- --
08/29/2019 08/29/19 For Sale $140,000 +154.5% --
07/01/2013 07/01/13 Sold $55,000 -22.5% -- View Prior Sale
06/06/2013 06/06/13 Pending -- -- --
03/26/2012 03/26/12 For Sale $71,000 -- --
Source: MichRIC

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 $2,086 $96,400 $0 $0
2024 $2,086 $90,200 $0 $0
2023 $1,995 $77,700 $0 $0
2022 $3,020 $64,500 $0 $0
2021 $2,948 $62,300 $0 $0
2020 $1,805 $57,500 $0 $0
2019 $1,687 $36,400 $0 $0
2018 $1,650 $35,900 $0 $0
2017 $1,610 $34,000 $0 $0
2016 $1,569 $31,200 $0 $0
2015 -- $31,200 $0 $0
2013 -- $33,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 19030033

MichRIC

APN: 41-01-28-353-001