NOT LISTED FOR SALE

Estimated Value: $457,087 - $502,000

2 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold August 09, 2024

Last sale price $485,000

Est. 1% decrease in value since last sale

Current estimated payment $3,385/month

7 Days on Market

Highlights

  • 1 Fireplace
  • Window Unit Cooling System
  • Wood Siding
  • Bach Elementary School Rated A
  • Forced Air Heating System
  • 3-minute walk to Waterworks Park

About This Home

As of August 2024

If you have ever dreamed of owning investment property, this is the place! Solid rental history, market rates, terrific updates, fantastic location! This next to downtown location has everything you are looking for whether you are a first time income property owner or seasoned and looking to expand your portfolio. Short walk to Main St, beautifully landscaped lot with parking. Long term tenants add to this ''sure thing!''. Come see for yourself, but come soon - they will not last!

Last Listed By

Jeffrey Post

@properties Christie's Int'lAA License #6501358845 Listed on: 06/25/2024

@properties Christie's Int'lAA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,180

Year Built

  • Built in 1901

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x132

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Schools

  • Bach Elementary School
  • Slauson Middle School
  • Pioneer High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System

Additional Features

  • 1 Fireplace
  • Mineral Rights Excluded

Community Details

  • 2 Units
  • Gross Income $31,500

Listing and Financial Details

  • Tenant pays for electric, water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,180

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1901
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 489000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Connected, Electricity Connected, Storm Sewer

Schools

  • Elementary School: Bach
  • High School: Pioneer
  • Middle/Junior School: Slauson

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 33X132
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: R2A
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Gas

Multi Family

  • Gross Income: 31500.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 9180.43
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2024
Closed on
Aug 6, 2024
Sold by
819 W Washington St Llc
Bought by
Breskman Louis and Breskman Selina
Seller's Agent
Jeffrey Post
@properties Christie's Int'lAA
Buyer's Agent
Jeffrey Post
@properties Christie's Int'lAA
List Price
$489,000
Sold Price
$485,000
Premium/Discount to List
-$4,000
-0.82%
Total Days on Market
7
Views
7
Current Estimated Value
$478,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,228
Avg. Annual Appreciation
-1.73%
Original Mortgage
$363,750
Outstanding Balance
$346,465
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$132,307

Purchase Details

Closed on
Nov 22, 2023
Sold by
Pantaleo Ryan
Bought by
819 W Washington St Llc

Purchase Details

Closed on
Jun 5, 2023
Sold by
Lacca Victor and Lacca Sheryle
Bought by
Pantaleo Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 7, 2014
Closed on
Oct 24, 2014
Sold by
Boehnke Properties Llc
Bought by
Lacca Victor and Lacca Sheryle
Seller's Agent
Brent Flewelling
The Charles Reinhart Company
Buyer's Agent
Susan Tice Niethammer Realtor
RE/MAX Platinum
List Price
$225,000
Sold Price
$217,000
Premium/Discount to List
-$8,000
-3.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Original Mortgage
$151,900
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2006
Sold by
Boehnke Christopher D and Boehnke Erika
Bought by
Boehnke Properties Llc

Purchase Details

Closed on
Jun 7, 2005
Sold by
Boehnke Christopher D and Boehnke Erika
Bought by
Boehnke Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 21, 2005
Sold by
Boehnke Properties Llc
Bought by
Boehnke Christopher D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
6.05%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 12, 2000
Sold by
Boehnke Christopher
Bought by
Boehnke Properties Llc

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
Breskman Louis $485,000 Liberty Title
819 W Washington St Llc -- None Listed On Document
Pantaleo Ryan $325,000 Liberty Title
Lacca Victor $217,000 American Title Co
Boehnke Properties Llc -- None Available
Boehnke Properties Llc -- --
Boehnke Christopher D -- Title Michigan Agency Ltd
Boehnke Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Breskman Louis $363,750
Previous Owner Pantaleo Ryan $227,500
Previous Owner Lacca Victor $151,900
Previous Owner Boehnke Christopher D $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $485,000 -0.8% --
06/25/2024 06/25/24 For Sale $489,000 +125.3% --
10/24/2014 10/24/14 Sold $217,000 -3.6% $144 / Sq Ft
09/02/2014 09/02/14 Pending -- -- --
08/07/2014 08/07/14 For Sale $225,000 -- $150 / 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
2024 $8,754 $162,500 $0 $0
2023 $7,122 $175,500 $0 $0
2022 $8,620 $171,700 $0 $0
2021 $8,377 $168,000 $0 $0
2020 $8,113 $178,800 $0 $0
2019 $7,739 $178,000 $178,000 $0
2018 $7,593 $170,900 $0 $0
2017 $7,324 $151,300 $0 $0
2016 $5,699 $115,345 $0 $0
2015 $6,128 $130,400 $0 $0
2014 $6,128 $99,758 $0 $0
2013 -- $99,758 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24032027

Southwestern Michigan Association of REALTORS®

APN: 09-29-209-009