NOT LISTED FOR SALE

Estimated Value: $268,000 - $404,000

-- Bed
3 Baths
-- Sq Ft
4,400 Sq Ft Lot

Last Sold September 12, 2014

Last sale price $73,900

Est. 369% increase in value since last sale

Current estimated payment $2,060/month

88 Days on Market

About This Home

As of September 2014

2 For the Price of 1! There is a 2-unit house and a separate single family home on the same property for a total of 3 units! All units have 3 bedrooms which is a big plus, (some non-conforming). This is a good investment for those looking for some great cash flow. 2 units are rented for about 580 each and the third could easy rent for 600. That's a total of 1,760 per month! Much updating has been done in the last few years, including newer furnaces, hwh's, flooring, some windows, to name a few. There is separate gas and electric meters and owner also added separate water meters so tenants pay for that as well. Very convenient location makes it easy to fill, come see for yourself.

Last Agent to Sell the Property

Dave Ryskamp

Pillar Realty, Inc. - I Listed on: 05/12/2014

Last Buyer's Agent

Felix Ramos

Childress & Associates Realty License #6501321925

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,578

Year Built

  • Built in 1890

Lot Details

  • 4,400

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Basement

  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Space Heater

Community Details

  • 2 Buildings

Listing and Financial Details

  • Tenant pays for electricity, water, trash collection, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,578

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 79900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air, Space Heater
  • Heating: Yes
  • Utilities: Telephone Line
  • Water Source: Public

Rental Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2014
Closed on
Sep 12, 2014
Sold by
Advantage Home Builder Llc
Bought by
F & E All In One Llc
Seller's Agent
Dave Ryskamp
Pillar Realty, Inc. - I
Buyer's Agent
Felix Ramos
Childress & Associates Realty
List Price
$79,900
Sold Price
$73,900
Premium/Discount to List
-$6,000
-7.51%
Current Estimated Value
$346,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,802
Avg. Annual Appreciation
14.99%

Purchase Details

Closed on
Mar 22, 2011
Sold by
Zhu Zhihai and Qi Min
Bought by
Advantage Home Builders Llc

Purchase Details

Closed on
Dec 7, 2010
Sold by
Aurora Loan Services Llc
Bought by
Zhu Zhihai and Qi Min

Purchase Details

Closed on
Mar 10, 2010
Sold by
Mortgage Electronic Registation Systems
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Feb 17, 2010
Sold by
Mcnulty Kathy L
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jun 2, 2006
Sold by
Mcnulty Kathy L and Giem Kathy L
Bought by
Giem Bryan D and Giem Kathy L

Purchase Details

Closed on
Jul 11, 2005
Sold by
Sibley Llc
Bought by
Mcnulty Kathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,520
Interest Rate
5.69%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 28, 2004
Sold by
Hayden John W and Hayden Laura A
Bought by
Sibley Llc

Purchase Details

Closed on
Mar 17, 2003
Sold by
Vandermate Brian and Vandermate Susan
Bought by
Hayden John W and Hayden Laura A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,900
Interest Rate
5.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 1995
Sold by
Smith Smith U U and Smith Vndrmate
Bought by
Vndrmate and Advantage Home Builder Llc
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
F & E All In One Llc $73,900 None Available
Advantage Home Builders Llc -- None Available
Zhu Zhihai $18,000 Parks Title
Aurora Loan Services Llc -- None Available
Mortgage Electronic Registration Systems $120,639 None Available
Giem Bryan D -- None Available
Mcnulty Kathy L $151,900 --
Sibley Llc -- --
Hayden John W $141,000 --
Vndrmate $41,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcnulty Kathy L $121,520
Previous Owner Hayden John W $126,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2014 09/12/14 Sold $73,900 -7.5% --
08/08/2014 08/08/14 Pending -- -- --
05/12/2014 05/12/14 For Sale $79,900 -- --
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 $2,578 $162,700 $0 $0
2024 $2,578 $159,900 $0 $0
2023 $2,557 $138,600 $0 $0
2022 $2,430 $112,100 $0 $0
2021 $2,368 $98,700 $0 $0
2020 $2,288 $89,200 $0 $0
2019 $2,343 $78,300 $0 $0
2018 $2,271 $59,900 $0 $0
2017 $2,216 $46,500 $0 $0
2016 $2,227 $41,500 $0 $0
2015 $2,122 $41,500 $0 $0
2013 -- $37,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14023205

Southwestern Michigan Association of REALTORS®

APN: 41-13-23-286-021