NOT LISTED FOR SALE

8100 Jericho Rd Bridgman, MI 49106

Estimated Value: $243,045

Studio
-- Bath
-- Sq Ft
23,087 Sq Ft Lot

Last Sold January 15, 2021

Last sale price $165,000

Est. 47% increase in value since last sale

Current estimated payment $1,406/month

43 Days on Market

Highlights

  • Baseboard Heating
  • Bridgman Elementary School Rated A
  • Wood Siding

About This Home

As of January 2021

DON'T MISS THIS GREAT INVESTMENT OPPORTUNITY!!! This 3 unit apartment building with a large garage is located on a 1/2 acre lot and has a lot of potential!! Apartment A is a 3 bedroom, Apartment B is a 2 bedroom & Apartment C is a Studio Apartment. This building currently brings in $2,150.00/month!

Last Agent to Sell the Property

The Frazee Team

Century 21 Affiliated License #6502430934 Listed on: 10/02/2020

Century 21 Affiliated

Last Buyer's Agent

Connie Shearer

Core Real Estate, Inc. License #6506033229

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,383

Year Built

  • Built in 1940

Lot Details

  • 0.53 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Wood Siding

Utilities

  • Baseboard Heating
  • Natural Gas Connected

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,383

Year Built

Built in 1940

Lot Details

0.53 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 189900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.53
  • Lot Size Area: 0.53
  • Lot Size Sq Ft: 23087.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1383.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Jan 13, 2021
Sold by
Tree Of Life Rental Properties Llc
Bought by
Mattson Brian M
Seller's Agent
The Frazee Team
Century 21 Affiliated
Buyer's Agent
Connie Shearer
Core Real Estate, Inc.
List Price
$189,900
Sold Price
$165,000
Premium/Discount to List
-$24,900
-13.11%
Current Estimated Value
$243,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,045
Avg. Annual Appreciation
7.81%
Original Mortgage
$132,000
Outstanding Balance
$119,157
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$123,888

Purchase Details

Closed on
Jul 12, 2019
Sold by
Jessica Lenardson
Bought by
Tree Of Life Rental Properties

Purchase Details

Listed on
Aug 25, 2014
Closed on
Nov 25, 2014
Sold by
Rambo Susan and Rambo Joseph J
Bought by
Lenardson Jessica and Lenardson Richard
Seller's Agent
Richard Kading
Core Real Estate, Inc.
Buyer's Agent
Connie Shearer
Core Real Estate, Inc.
List Price
$98,000
Sold Price
$70,000
Premium/Discount to List
-$28,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.63%

Purchase Details

Closed on
Oct 4, 2011
Sold by
Heyn Richard H and Heyn Debi S
Bought by
Kunde David and Kunde Sylvia

Purchase Details

Closed on
Nov 29, 1993

Purchase Details

Closed on
Jul 14, 1993

Purchase Details

Closed on
Aug 30, 1985

Purchase Details

Closed on
Dec 15, 1980
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mattson Brian M $165,000 Chicago Title Of Mi Inc
Tree Of Life Rental Properties -- None Listed On Document
Lenardson Jessica -- None Listed On Document
Lenardson Jessica $70,000 --
Rambo Susan $80,000 --
Kunde David $41,600 None Available
-- $100 --
-- $100 --
-- $41,000 --
-- $49,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mattson Brian M $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2021 01/15/21 Sold $165,000 -13.1% --
11/14/2020 11/14/20 Pending -- -- --
10/02/2020 10/02/20 For Sale $189,900 +171.3% --
11/19/2014 11/19/14 Sold $70,000 -28.6% -- View Prior Sale
11/19/2014 11/19/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $98,000 -- --
Source: MichRIC

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 $1,856 $81,900 $0 $0
2024 $1,430 $82,800 $0 $0
2023 $1,378 $62,500 $0 $0
2022 $1,312 $55,400 $0 $0
2021 $1,308 $51,200 $7,200 $44,000
2020 $1,296 $42,900 $0 $0
2019 $1,383 $49,800 $24,800 $25,000
2018 $1,411 $49,800 $0 $0
2017 $1,388 $56,900 $0 $0
2016 $1,365 $51,500 $0 $0
2015 $1,642 $56,100 $0 $0
2014 $1,001 $54,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • The Frazee Team

    Seller's Agent in 2021

    The Frazee Team

    Century 21 Affiliated

    (269) 985-3049

    413 Total Sales

    The Frazee Team
    Section Image

  • C

    Buyer's Agent in 2021

    Connie Shearer

    Core Real Estate, Inc.

    (269) 208-0001

    32 Total Sales

    Connie Shearer
    Section Image

  • R

    Seller's Agent in 2014

    Richard Kading

    Core Real Estate, Inc.

    Section Image
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Map

Source: MichRIC

MLS Number: 20041370

MichRIC

APN: 11-11-0008-0024-01-4

Michigan Berrien County Bridgman 49106

8100 Jericho Rd, Bridgman, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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