NOT LISTED FOR SALE

Estimated Value: $305,000 - $325,000

4 Beds
4 Baths
-- Sq Ft
0.32 Acres

Last Sold December 30, 2016

Last sale price $145,000

Est. 118% increase in value since last sale

Current estimated payment $2,080/month

3 Days on Market

Highlights

  • 1 Fireplace
  • Window Unit Cooling System
  • 2 Car Garage
  • No HOA
  • Forced Air Heating System
  • Laundry Facilities

About This Home

As of December 2016

Duplex in a pleasant neighborhood with huge backyard. 2 bedrooms up with full bath, living room, kitchen, and laundry on main floor. One car garage & patio. Newer kitchen, carpeting, and appliances. Excellent rental history over the past 13 years. Owner is retiring. Tenants would like to stay.

Last Agent to Sell the Property

Gary Beckman

Coldwell Banker Woodland Schmidt License #6501191957 Listed on: 11/22/2016

Last Buyer's Agent

Carrie Mundy

City2Shore Gateway Group License #6506049331

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,981

Year Built

  • Built in 1978

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 79x221x105x149

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Individual Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Laundry Facilities

Building Details

  • Insurance Expense $821
  • Maintenance Expense $325
  • Utility Expense $289
  • Operating Expense $1,800
  • Gross Income $15,535
  • Net Operating Income $12,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,981

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1978
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 79x221x105x149
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 2981.24
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Substructure:Crawl Space: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Extras:Sep Water Meter: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Crawl Space
  • Basement: No

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 147500.0
  • 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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Size Acres: 0.32
  • Lot Size Area: 0.32
  • Lot Dimensions: 79x221x105x149
  • Lot Size Sq Ft: 14000.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electric, Gas

Multi Family

  • Gross Income: 15535.0
  • Insurance Expense: 821.0
  • Maintenance Expense: 325.0
  • Net Operating Income: 12300.0
  • Number of Units Total: 2
  • Operating Expense: 1800.0

Tax Info

  • Tax Annual Amount: 2981.24
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2021
Sold by
Palmatier Anthony S
Bought by
5 Palm Investments Llc
Current Estimated Value
$316,374

Purchase Details

Listed on
Nov 22, 2016
Closed on
Dec 30, 2016
Sold by
Investors Unlimited Llc
Bought by
Plamatier Anthony S
Seller's Agent
Gary Beckman
Coldwell Banker Woodland Schmidt
Buyer's Agent
Carrie Mundy
City2Shore Gateway Group
List Price
$147,500
Sold Price
$145,000
Premium/Discount to List
-$2,500
-1.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%

Purchase Details

Closed on
Jul 29, 2003
Sold by
Mokma James Allen and Mokma Elenor Kay
Bought by
Investors Unlimited Llc

Purchase Details

Closed on
Nov 26, 1996
Sold by
Mokma James
Bought by
Investors Unlimited
Source: Public Records

Range of Values:

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Average Value
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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
5 Palm Investments Llc -- None Available
Plamatier Anthony S $145,000 Chicago Title Of Mi Inc
Investors Unlimited Llc $107,500 Chicago Title
Investors Unlimited -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $145,000 -1.7% --
11/25/2016 11/25/16 Pending -- -- --
11/22/2016 11/22/16 For Sale $147,500 -- --
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 $4,274 $98,300 $17,400 $80,900
2024 -- $80,400 $15,100 $65,300
2023 $4,263 $75,800 $15,100 $60,700
2022 $4,067 $72,500 $15,100 $57,400
2021 $3,907 $68,300 $13,900 $54,400
2020 $3,879 $71,800 $71,800 $0
2019 $3,683 $66,300 $12,800 $53,500
2018 $3,683 $60,700 $12,800 $47,900
2017 $0 $0 $11,000 $0
2016 $0 $55,200 $11,000 $44,200
2015 -- $55,200 $11,000 $44,200
2014 -- $47,500 $7,700 $39,800
2013 -- $42,900 $7,700 $35,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16057899

Southwestern Michigan Association of REALTORS®

APN: 53-02-04-179-025