NOT LISTED FOR SALE

922 Lake Blvd St. Joseph, MI 49085

Estimated Value: $587,310

-- Bed
-- Bath
-- Sq Ft
9,757 Sq Ft Lot

Last Sold June 21, 2021

Last sale price $440,000

Est. 33% increase in value since last sale

Current estimated payment $3,982/month

9 Days on Market

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • 5-minute walk to Lake Bluff Park
  • Upton Middle School Rated A

About This Home

As of June 2021

CALLING ALL INVESTORS! Take a look at this unique 5 unit apartment building located in downtown St. Joseph with seasonal views of Lake Michigan! Located on Lake Boulevard, this building is in the heart of everything the city has to offer- beaches, restaurants, shopping, festivals and more! It doesn't get any closer than this! All units are occupied and building has strong rental history. Current rents total $4,295/month. There are Two 2BR units, Two 1BR units and a studio unit. Coin laundry located in the basement. Ample parking area that fits 8 cars. Also a great opportunity to be an owner-occupant! Call today for complete details!

Last Agent to Sell the Property

Benjamin Stephen

Cressy & Everett Real Estate License #6501407350 Listed on: 05/07/2021

Cressy & Everett Real Estate

Last Buyer's Agent

Michael Lirones

Gold Realty License #6504302579

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,435

Year Built

  • Built in 1910

Lot Details

  • 9,757 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Rubber Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 5 Units
  • Insurance Expense $2,550

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,435

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 450000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Forced Air, Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Sq Ft: 9757.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electricity

Multi Family

  • Insurance Expense: 2550.0
  • Number of Units Total: 5

Tax Info

  • Tax Annual Amount: 6434.57
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 21, 2021
Sold by
Florian John J and Florian Doris J
Bought by
Teach Peace Properties Llc
Seller's Agent
Benjamin Stephen
Cressy & Everett Real Estate
Buyer's Agent
Michael Lirones
Gold Realty
List Price
$450,000
Sold Price
$440,000
Premium/Discount to List
-$10,000
-2.22%
Current Estimated Value
$587,310

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,310
Avg. Annual Appreciation
6.03%
Original Mortgage
$352,000
Outstanding Balance
$298,118
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$267,254

Purchase Details

Closed on
Feb 2, 2016
Sold by
Florian John J and Florian Doris J
Bought by
The Florian Family Trust

Purchase Details

Closed on
Mar 12, 2001

Purchase Details

Closed on
Dec 20, 1990

Purchase Details

Closed on
Mar 22, 1978

Purchase Details

Closed on
Aug 26, 1977
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 Buyer Sale Price Title Company
Teach Peace Properties Llc $440,000 Near North Title Group
The Florian Family Trust -- Attorney
Florian John J -- None Available
-- $100 --
-- -- --
-- -- --
-- $30,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Teach Peace Properties Llc $352,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2021 06/21/21 Sold $440,000 -2.2% --
05/07/2021 05/07/21 For Sale $450,000 -- --
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 $10,414 $218,000 $0 $0
2024 $10,198 $190,400 $0 $0
2023 $9,760 $169,300 $0 $0
2022 $9,567 $165,700 $0 $0
2021 $6,278 $147,500 $84,800 $62,700
2020 $6,192 $140,800 $0 $0
2019 $6,124 $123,900 $74,400 $49,500
2018 $6,008 $123,900 $0 $0
2017 $5,524 $123,500 $0 $0
2016 $5,524 $119,900 $0 $0
2015 $5,473 $128,100 $0 $0
2014 $5,271 $132,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21015988

Southwestern Michigan Association of REALTORS®

APN: 11-76-3170-0007-00-7