NOT LISTED FOR SALE

Estimated Value: $394,000 - $491,166

-- Bed
-- Bath
-- Sq Ft
0.47 Acres

Last Sold February 05, 2021

Last sale price $330,000

Est. 37% increase in value since last sale

Current estimated payment $2,996/month

1 Day on Market

Highlights

  • 1 Fireplace
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Facilities
  • East Kentwood High School Rated A-
  • Baseboard Heating
  • Wood Siding

About This Home

As of February 2021

Hard to find 4 unit in Kentwood! 3 - 2 bed 1 bath units and 1 1 bed 1 bath unit. All units have separate A/C. Some recent upgrades. Plenty of off street parking and great cash flow. Leases and rent rolls available upon request.

Owner is doing a 1031 exchange.

Last Agent to Sell the Property

Ben Hoffman

LM Realty Group License #6502432245 Listed on: 12/16/2020

Last Buyer's Agent

Lisa Elburn

616 Realty LLC

616 Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,542

Year Built

  • Built in 1977

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 148x135x148x135

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace

Parking

  • 4 Parking Spaces
  • Carport
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,542

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1977
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 148x135x148x135
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 4541.94
  • Tax Info:Zoning3: R2
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Air Conditioning:Wall Unit(s): Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Slab: Yes
  • Heat Type:Baseboard: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding, Brick
  • List Price: 319900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Carports: Yes

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Baseboard, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.47
  • Lot Size Area: 0.47
  • Lot Dimensions: 148x135x148x135
  • Lot Size Sq Ft: 20473.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4541.94
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Apr 6, 2021
Sold by
Patel Ravindrakumar and Patel Babu
Bought by
Srbb Llc
Seller's Agent
Ben Hoffman
LM Realty Group
Buyer's Agent
Lisa Elburn
616 Realty LLC
List Price
$319,900
Sold Price
$330,000
Premium/Discount to List
$10,100
3.16%
Current Estimated Value
$451,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,085
Avg. Annual Appreciation
6.67%
Original Mortgage
$247,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 16, 2020
Closed on
Feb 5, 2021
Sold by
Feenstra Jeremy J
Bought by
Patel Ravindrakumar Manilal and Patel Babu Mohanlal
Seller's Agent
Ben Hoffman
LM Realty Group
Buyer's Agent
Lisa Elburn
616 Realty LLC
List Price
$319,900
Sold Price
$330,000
Premium/Discount to List
$10,100
3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2017
Sold by
Glenwood Properties Llc
Bought by
Feenstra Jeremy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2011
Sold by
W+R Builders Partnership
Bought by
Glenwood Properties Llc
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
Srbb Llc -- None Available
Patel Ravindrakumar Manilal $330,000 Star Title Agency Llc
Feenstra Jeremy J $170,000 Star Title Agency Llc
Glenwood Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patel Ravindrakumar Manilal $247,500
Previous Owner Feenstra Jeremy J $127,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $330,000 +3.2% --
12/17/2020 12/17/20 Pending -- -- --
12/16/2020 12/16/20 For Sale $319,900 -- --
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 $6,311 $187,600 $0 $0
2024 $6,311 $179,400 $0 $0
2023 $7,778 $172,300 $0 $0
2022 $7,378 $132,800 $0 $0
2021 $4,587 $110,300 $0 $0
2020 $3,305 $108,500 $0 $0
2019 $4,469 $101,200 $0 $0
2018 $4,371 $77,400 $0 $0
2017 $2,785 $59,200 $0 $0
2016 $2,718 $55,500 $0 $0
2015 $2,651 $55,500 $0 $0
2013 -- $47,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20050771

Southwestern Michigan Association of REALTORS®

APN: 41-18-32-102-003