$218,000
SOLD OCT 10, 2024

82 Grand St Coldwater, MI 49036

-- Bed
-- Bath
-- Sq Ft
0.38 Acres

Recently Sold

4% Above List Price

3 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 5-minute walk to Four Corners Park
  • Window Unit Cooling System
  • High Speed Internet

About This Home

As of October 2024

Amazing income-generating property, featuring three units, each with its own private entrance. This versatile property is perfect for investors or homeowners looking to offset their mortgage by renting out the additional units. The spacious main-floor unit boasts two generously sized bedrooms, a full bathroom, a kitchen, a dining room, and a comfortable living room. Additional features include a garage/storage space and a charming front porch, perfect for relaxing. Upstairs, the second-floor unit offers two bedrooms, a full bathroom, and a combined living/dining area. Step out onto the private balcony and take in views of the expansive yard below. The back unit, offering two bedrooms, a full bathroom, and a kitchen/dining area, provides even more rental potential. All three units are currently leased, generating immediate income. Rent rates are $750, $650, and $450 per month. Outside, you'll enjoy a large, well-maintained yard with plenty of parking for tenants and guests. This property is ideally located in the heart of Coldwater, combining convenience with investment potential. Whether you're looking to live in one unit and have the others cover your mortgage, or seeking a solid investment opportunity, this property is not to be missed. Call today to schedule your private showing and seize this fantastic opportunity!

Last Agent to Sell the Property

Grace Roberts Elevate Team

Michigan Top Producers License #6501416028 Listed on: 09/08/2024

Last Buyer's Agent

Grace Roberts Elevate Team

Michigan Top Producers License #6501416028 Listed on: 09/08/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,363

Year Built

  • Built in 1940

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 100x166

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 6 Parking Spaces
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,363

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1940
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100x166
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3363.38
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Gravel: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Michigan Basement: Yes
  • Driveway:Shared Unpaved: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 210000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available, Broadband

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Dimensions: 100x166
  • Lot Size Sq Ft: 16553.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3363.38
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2024
Closed on
Oct 9, 2024
Sold by
Valentine Rudolph Michael and Valentine Karleen S
Bought by
Lopez Jorge Daniel Casta and Castaneda Maria
Seller's Agent
Grace Roberts Elevate Team
Michigan Top Producers
Buyer's Agent
Grace Roberts Elevate Team
Michigan Top Producers
List Price
$210,000
Sold Price
$218,000
Premium/Discount to List
$8,000
3.81%
Views
5
Current Estimated Value
$214,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,435
Avg. Annual Appreciation
0.60%
Original Mortgage
$157,500
Outstanding Balance
$156,271
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$62,732

Purchase Details

Closed on
Jun 20, 2022
Sold by
Michael Valentine Rudolph
Bought by
Valentine Rudolph Michael and Valentine Karleen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.78%

Purchase Details

Closed on
Apr 10, 2017
Sold by
Great Lakes Houses Llc
Bought by
Smullen 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
$35,000
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 25, 2012
Sold by
Odell Randy
Bought by
Great Lakes Houses Llc

Purchase Details

Closed on
Jun 10, 2010
Sold by
Coscarelly Christopher M and Coscarelly Kelly S
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Mar 21, 2002
Sold by
Coscarelly Christopher
Bought by
C & K Group Llc

Purchase Details

Closed on
Feb 5, 1998
Sold by
Coscarelly Chris and Coscarelly Kelly
Bought by
Coscarelly Chris and Coscarelly Kelly
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 Type Sale Price Title Company
Warranty Deed $218,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $160,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $51,000 Cfc Title Services Inc
Quit Claim Deed -- None Available
Sheriffs Deed $59,307 None Available
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $157,500 New Conventional
Previous Owner $144,000 No Value Available
Previous Owner $35,000 Future Advance Clause Open End Mortgage
Previous Owner $16,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2024 10/10/24 Sold $218,000 +3.8% --
09/11/2024 09/11/24 Pending -- -- --
09/08/2024 09/08/24 For Sale $210,000 -- --
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 $3,527 $102,000 $0 $0
2024 $3,327 $84,350 $0 $0
2023 $2,626 $83,000 $0 $0
2022 $3,327 $68,350 $0 $0
2021 $3,254 $65,700 $0 $0
2020 -- $57,100 $0 $0
2019 -- $56,550 $0 $0
2018 -- $50,350 $0 $0
2017 -- $41,050 $0 $0
2016 -- $44,500 $0 $0
2015 -- $43,200 $0 $0
2014 -- $41,500 $0 $0
2013 -- $49,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24047340

Southwestern Michigan Association of REALTORS®

APN: 303-000-000-807-00