NOT LISTED FOR SALE

879 Flat River Ct SE Lowell, MI 49331

Estimated Value: $471,000 - $627,000

-- Bed
2 Baths
-- Sq Ft
45,302 Sq Ft Lot

Last Sold July 31, 2020

Last sale price $290,000

Est. 89% increase in value since last sale

Current estimated payment $3,289/month

11 Days on Market

Highlights

  • Private Waterfront
  • 1 Fireplace
  • Hot Water Heating System
  • Cherry Creek Elementary School Rated A-
  • Corner Lot: Yes

About This Home

As of July 2020

Don't miss this excellent investment or living opportunity in Lowell Schools. A stunning duplex with renovated interiors, updated finishes, and 100% move-in or tenant ready. Each unit comprises an open-concept floorplan in kitchen and living areas, features 3 bedrooms and a full bath per unit, and has multi-zone in-floor heating. Unit #2 has access to the basement, which features a full bath and room for an additional bedroom.
Outside offers a private patio space for each unit, a generous front, side, and back yard, plus over 175 feet of Flat River water frontage across the road.

Last Agent to Sell the Property

David Van Keulen

Greenridge Realty (Kentwood) License #6501401993 Listed on: 03/04/2020

Last Buyer's Agent

David VanKeulen

Greenridge Realty (Lowell)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,213

Year Built

  • Built in 2008

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 217x175
  • Private Waterfront
  • 175 Feet of Waterfront
  • Property fronts a private road
  • Corner Lot: Yes

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Heat Pump System
  • Hot Water Heating System
  • Propane
  • Well
  • Septic System
  • Phone Available
  • Cable TV Available

Additional Features

  • 1 Fireplace
  • Water Access

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, trash collection
  • The owner pays for gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,213

Year Built

Built in 2008

Lot Details

1.04 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 2008
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 113.21
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 217x175
  • General Property Info:Waterfront3: Yes
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 7213.08
  • Tax Info:Zoning3: R-3
  • Waterfront Options:Water Access YN: Yes
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Source:Propane: Yes
  • Sewer:Septic System: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Util Avail at Street:Electric: Yes
  • Utilities Attached:Cable: Yes
  • Waterfront Options:Water Frontage3: 175.0
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Cable2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Daylight: Yes
  • Heat Type:Heat Pump: Yes
  • Utilities Attached:Propane3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Daylight, Full

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 294900.0
  • Lot Features: Corner Lot
  • Number of Buildings: 1
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Flat River
  • Waterfront Features: Waterfront
  • Waterfront: Yes
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Propane, Hot Water, Heat Pump
  • Heating: Yes
  • Sewer: Septic System
  • Water Well: Yes

Association/Amenities

  • Water Fea Amenities:Private Frontage: Yes

Lot Info

  • Lot Size Acres: 1.04
  • Lot Size Area: 1.04
  • Lot Dimensions: 217x175
  • Lot Size Sq Ft: 45302.0
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas
  • Tenant Pays: Electric, Trash Collection

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 7213.08
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2021
Sold by
Harvey David S
Bought by
Schultz Sarah A
Current Estimated Value
$547,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Outstanding Balance
$211,558
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$336,059

Purchase Details

Listed on
Mar 4, 2020
Closed on
Aug 4, 2020
Sold by
3 S & K Llc
Bought by
Schultz Sarah A and Harvey David S
Seller's Agent
David Van Keulen
Greenridge Realty (Kentwood)
Buyer's Agent
David Van Keulen
Greenridge Realty (Kentwood)
List Price
$294,900
Sold Price
$290,000
Premium/Discount to List
-$4,900
-1.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.91%
Original Mortgage
$232,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 4, 2020
Closed on
Jul 31, 2020
Sold by
3 S & K Llc
Bought by
Schultz Sarah A and Harvey David S
Seller's Agent
David Van Keulen
Greenridge Realty (Kentwood)
Buyer's Agent
David Van Keulen
Greenridge Realty (Kentwood)
List Price
$294,900
Sold Price
$290,000
Premium/Discount to List
-$4,900
-1.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2018
Closed on
Oct 10, 2018
Sold by
Schultz Robert T and Schultz Debra
Bought by
3 S & K Llc
Seller's Agent
Zach Wendt
Keller Williams GR East
Buyer's Agent
David Van Keulen
Greenridge Realty (Kentwood)
List Price
$275,000
Sold Price
$230,000
Premium/Discount to List
-$45,000
-16.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
Original Mortgage
$195,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2018
Closed on
Sep 17, 2018
Sold by
Parrish Amy
Bought by
Schultz Robert T and Schultz Debra
Seller's Agent
Zach Wendt
Keller Williams GR East
Buyer's Agent
David Van Keulen
Greenridge Realty (Kentwood)
List Price
$275,000
Sold Price
$230,000
Premium/Discount to List
-$45,000
-16.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2007
Sold by
Parrish Doris
Bought by
Parrish Amy

Purchase Details

Closed on
Nov 15, 2005
Sold by
Ligman Jeff and Ligman Tracey
Bought by
Parrish Doris and Parrish Amy

Purchase Details

Closed on
Sep 30, 2003
Sold by
Almasri Nedal and Almasri Amal
Bought by
Ligman Jeff and Ligman Tracey

Purchase Details

Closed on
Aug 11, 2000
Bought by
Nicholls Paul R and Parrish Amy

Purchase Details

Closed on
Jan 26, 2000
Sold by
Almasri Mahmoud
Bought by
Mortgage Lenders Network Usa and Parrish Amy

Purchase Details

Closed on
Apr 13, 1999
Sold by
Almasri Mahmoud
Bought by
Parrish Amy

Purchase Details

Closed on
Oct 30, 1998
Sold by
Mckay John S
Bought by
Almasri Mahmoud and Parrish Amy

Purchase Details

Closed on
Oct 1, 1998
Sold by
Mckay John S
Bought by
Parrish Amy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schultz Sarah A -- First American Title
Schultz Sarah A $290,000 Chicago Title
Schultz Sarah A $290,000 Chicago Title Of Mi Inc
3 S & K Llc -- None Available
Schultz Robert T $230,000 Chicago Title Of Michigan In
Parrish Amy -- None Available
Parrish Doris $46,000 Chicago Title
Ligman Jeff $36,500 Chicago Title Insurance Co
Nicholls Paul R $135,000 --
Mortgage Lenders Network Usa -- --
Parrish Amy -- --
Almasri Mahmoud $186,500 --
Parrish Amy -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schultz Sarah A $232,500
Previous Owner Schultz Sarah A $232,000
Previous Owner Schultz Sarah A $232,000
Previous Owner Schultz Robert T $195,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2020 07/31/20 Sold $290,000 -1.7% --
03/15/2020 03/15/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $294,900 +28.2% --
09/17/2018 09/17/18 Sold $230,000 -16.4% $45 / Sq Ft View Prior Sale
08/07/2018 08/07/18 Pending -- -- --
07/05/2018 07/05/18 For Sale $275,000 -- $54 / Sq Ft
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 $4,897 $276,200 $0 $0
2024 $49 $235,700 $0 $0
2023 $4,685 $220,500 $0 $0
2022 $6,658 $190,200 $0 $0
2021 $6,505 $167,600 $0 $0
2020 $4,679 $157,800 $0 $0
2019 $7,213 $151,600 $0 $0
2018 $3,689 $143,300 $0 $0
2017 $3,590 $134,700 $0 $0
2016 $3,456 $121,900 $0 $0
2015 -- $121,900 $0 $0
2013 -- $121,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 20008209

MichRIC

APN: 41-16-35-402-002

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