NOT LISTED FOR SALE

Estimated Value: $199,000 - $243,000

Studio
1 Bath
-- Sq Ft
0.38 Acre Lot

Sale Details

Date Sold: October 10, 2024

Last sale price $218,000

Est. 1% increase in value since last sale

Current estimated payment $1,700 / mo

3 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • 5-minute walk to Four Corners Park

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

Real Broker LLC License #6501416028 Listed on: 09/08/2024

Real Broker LLC

Last Buyer's Agent

Casey Russell

Agent History

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,363

Year Built

  • Built in 1940

Lot Details

  • 16,553 Sq Ft Lot
  • Lot Dimensions are 100x166

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Michigan Basement

Parking

  • 6 Parking Spaces
  • Gravel Driveway
  • Shared Driveway

Utilities

  • Cooling Available
  • 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 electricity, gas, sewer, trash collection, water

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,363

Year Built

Built in 1940

Lot Details

0.38 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1940
  • General Property Info:Basement: Yes
  • Driveway:Driveway: Shared Unpaved, Gravel
  • Mineral Rights:Mineral Rights: Unknown
  • Sewer:Sewer: Public Sewer
  • Util Avail at Street:Util Avail at Street: High Speed Internet, Cable Available, Electricity Available, Natural Gas Available, Public Sewer, Public Water, Phone Available
  • SourceMLSURL: https://sourcemls.org/api/v1/eyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJTb3VyY2VTeXN0ZW1JRCI6IlQwMDAwMDAwNiIsIkxpc3RpbmdJRCI6IjI0MDQ3MzQwIiwiU3RhbmRhcmRTdGF0dXMiOiJDbG9zZWQiLCJNb2RpZmljYXRpb25UaW1lc3RhbXAiOiIyMDI2LTA3LTEzVDE2OjU4OjMwLjAwMFoiLCJMaWNlbnNlZUlEIjoib2F1dGgyXzE0NjI5IiwiTGljZW5zZWVOYW1lIjoiSG9tZXMgUHJvIn0.nx66XnIrK_9Uk3gaCDZxKbE5uOkHFG_DwoMCuyvArqE/badge
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • 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
  • Access Feat:Accessibility Features2: No
  • Roofing:Roofing: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gravel
  • Total Parking Spaces: 6.0

Utilities

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

Lot Info

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

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3363.38
  • Tax Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Seller's Agent
Grace Roberts Elevate Team
Real Broker LLC
Buyer's Agent
Casey Russell
Agent History
List Price
$210,000
Sold Price
$218,000
Premium/Discount to List
$8,000
3.81%
Views
5
Current Estimated Value
$219,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,308
Avg. Annual Appreciation
0.32%
Original Mortgage
$157,500
Outstanding Balance
$154,329
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$64,979

Purchase Details

Closed on
Jun 20, 2022
Sold by
Smullen Jessica C
Bought by
Samullen 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
$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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Coldwater, MI

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$218,000 None Listed On Document
Samullen Properties Llc -- None Listed On Document
Valentine Rudolph Michael $160,000 None Listed On Document
Valentine Rudolph Michael -- None Listed On Document
Smullen Properties Llc $51,000 Cfc Title Services Inc
Great Lakes Houses Llc -- None Available
Gmac Mortgage Llc $59,307 None Available
C & K Group Llc -- --
Coscarelly Chris -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $157,500
Previous Owner Valentine Rudolph Michael $144,000
Previous Owner Smullen Properties Llc $35,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,952 $104,250 $0 $0
2025 $3,527 $102,000 $0 $0
2024 $33 $84,350 $0 $0
2023 $2,626 $83,000 $0 $0
2022 $3,327 $68,350 $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: MichRIC

MLS Number: 24047340

MichRIC

APN: 303-000-000-807-00

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