$125,000
SOLD DEC 31, 2020
-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

19% Below List Price

26 Days on Market

Highlights

  • 0.15 Acre Lot
  • High Speed Internet
  • 3-minute walk to Davis Field
  • Heating System Uses Steam

About This Home

As of December 2020

Great cash flowing duplex close to WMU. Identical top/bottom units that include 3 bedroom 1 bath. Plenty of parking for tenants.
Unit 1 current rents $925.
Unit 2 Vacant. Previously rented for $850
Owners are also selling 907 Walwood Place (Duplex) and 525 Axtell Street (4 unit).
Listing agent has ownership interest in the property.

Last Agent to Sell the Property

Jamin Olds

Bellabay Realty LLC License #6501387554 Listed on: 10/14/2020

Bellabay Realty LLC

Last Buyer's Agent

Adam Atwood

Five Star Real Estate License #6506047769

Five Star Real Estate

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,884

Year Built

  • Built in 1934

Parking

  • 4 Parking Spaces

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Heating System Uses Steam
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 6,534 Sq Ft Lot

Listing and Financial Details

  • The owner pays for water, gas

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Insurance Expense $190
  • Maintenance Expense $1,060
  • Operating Expense $13,623
  • Gross Income $21,070
  • Net Operating Income $7,446

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,884

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 154900.0
  • Number of Buildings: 2
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6534.0
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Gross Income: 21070.0
  • Insurance Expense: 190.0
  • Maintenance Expense: 1060.0
  • Net Operating Income: 7446.0
  • Number of Units Total: 2
  • Operating Expense: 13623.0

Tax Info

  • Tax Annual Amount: 2884.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
Dec 31, 2020
Sold by
Olds Jamie B and Tate Mike
Bought by
Schooley Jason
Seller's Agent
Jamin Olds
Bellabay Realty LLC
Buyer's Agent
Adam Atwood
Five Star Real Estate
List Price
$154,900
Sold Price
$125,000
Premium/Discount to List
-$29,900
-19.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.01%

Purchase Details

Listed on
Nov 2, 2015
Closed on
Jan 11, 2016
Sold by
Skinner Jon D and Skinner Catherine O
Bought by
Olds Jamin B and Tate Mike
Seller's Agent
Gary Swartz
Berkshire Hathaway HomeServices MI
Buyer's Agent
Gary Swartz
Berkshire Hathaway HomeServices MI
List Price
$80,000
Sold Price
$74,000
Premium/Discount to List
-$6,000
-7.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.10%
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 $125,000 Star Title Agency Llc
Warranty Deed $74,000 Ask Services Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2025 09/24/25 Pending -- -- --
09/17/2025 09/17/25 For Sale $189,900 +51.9% --
12/31/2020 12/31/20 Sold $125,000 -19.3% --
11/09/2020 11/09/20 Pending -- -- --
10/14/2020 10/14/20 For Sale $154,900 +109.3% --
01/11/2016 01/11/16 Sold $74,000 -7.5% --
11/05/2015 11/05/15 Pending -- -- --
11/02/2015 11/02/15 For Sale $80,000 -- --
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 $5,399 $113,600 $0 $0
2024 $2,237 $102,300 $0 $0
2023 $2,132 $88,900 $0 $0
2022 $4,897 $75,500 $0 $0
2021 $4,848 $68,500 $0 $0
2020 $2,997 $60,700 $0 $0
2019 $2,886 $50,800 $0 $0
2018 $2,820 $43,500 $0 $0
2017 $2,329 $40,900 $0 $0
2016 $2,329 $37,900 $0 $0
2015 $2,329 $38,000 $0 $0
2014 $2,329 $35,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20043286

Southwestern Michigan Association of REALTORS®

APN: 06-21-253-004