NOT LISTED FOR SALE

Estimated Value: $386,118

-- Bed
-- Bath
-- Sq Ft
7,013 Sq Ft Lot

Last Sold April 09, 2021

Last sale price $300,000

Est. 29% increase in value since last sale

Current estimated payment $2,379/month

83 Days on Market

Highlights

  • Heating System Uses Steam
  • Wood Siding
  • 1-minute walk to West Main Park

About This Home

As of April 2021

Location Location Location!! Extremely well maintained multi unit home 1/2 block from K College and only 4 blocks to downtown restaurants and bars. This attractive 6 unit home is located in the Stuart Historical District. Highly sought after and 100% occupied.

Last Agent to Sell the Property

Rick Zuiderveen

Zuiderveen, REALTORS LLC License #6502350261 Listed on: 10/12/2020

Last Buyer's Agent

Rick Zuiderveen

Zuiderveen, REALTORS LLC License #6502350261 Listed on: 10/12/2020

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,856

Year Built

  • Built in 1885

Lot Details

  • 7,013 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Natural Gas Connected

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $2,159
  • Maintenance Expense $2,375
  • Manager Expense $2,780
  • Operating Expense $13,793
  • Gross Income $39,720
  • Net Operating Income $23,147

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,856

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 330000.0
  • Number of Buildings: 1
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Natural Gas, Steam
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 7013.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 39720.0
  • Insurance Expense: 2159.0
  • Maintenance Expense: 2375.0
  • Manager Expense: 2780.0
  • Net Operating Income: 23147.0
  • Number of Units Total: 6
  • Operating Expense: 13793.0

Tax Info

  • Tax Annual Amount: 3856.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2020
Closed on
Apr 9, 2021
Sold by
Spaulding Kurt L and Kurt L Spaulding Trust
Bought by
Aj Housing Llc
Seller's Agent
Rick Zuiderveen
Zuiderveen, REALTORS LLC
Buyer's Agent
Rick Zuiderveen
Zuiderveen, REALTORS LLC
List Price
$330,000
Sold Price
$300,000
Premium/Discount to List
-$30,000
-9.09%
Current Estimated Value
$386,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,118
Avg. Annual Appreciation
5.55%
Original Mortgage
$255,000
Outstanding Balance
$232,074
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$147,313

Purchase Details

Closed on
Nov 5, 2003
Sold by
Spaulding Kurt L and Spaulding Janice Y
Bought by
Spaulding Kurt L and Spaulding Janice Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
6.01%
Mortgage Type
Commercial
Source: Public Records

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
Aj Housing Llc $300,000 Devon Title Company
Spaulding Kurt L -- Metro
Spaulding Brian D $110,000 Metro
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aj Housing Llc $255,000
Previous Owner Spaulding Brain D $240,000
Previous Owner Spaulding Brian D $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $300,000 -9.1% --
01/03/2021 01/03/21 Pending -- -- --
10/12/2020 10/12/20 For Sale $330,000 -- --
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 $3,181 $107,300 $0 $0
2024 $3,181 $106,400 $0 $0
2023 $2,941 $124,700 $0 $0
2022 $6,754 $97,600 $0 $0
2021 $4,135 $90,400 $0 $0
2020 $4,057 $83,000 $0 $0
2019 $3,907 $79,200 $0 $0
2018 $3,817 $75,100 $0 $0
2017 $3,850 $71,600 $0 $0
2016 $3,850 $56,400 $0 $0
2015 $3,850 $55,800 $0 $0
2014 $3,850 $54,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20042958

Southwestern Michigan Association of REALTORS®

APN: 06-16-453-026