NOT LISTED FOR SALE

925 N 4th St Unit A Niles, MI 49120

Estimated Value: $186,475 - $223,000

2 Beds
3 Baths
-- Sq Ft
7,556 Sq Ft Lot

Last Sold April 30, 2021

Last sale price $149,900

Est. 36% increase in value since last sale

Current estimated payment $1,390/month

3 Days on Market

About This Home

As of April 2021

This would make a great home or investment property! Currently it is a triplex with 3 separate units. The big unit is the entire main floor and finished basement. It has 3 bedrooms and 1 bathroom. It also has 2 additional non-confirming bedrooms in the basement, with room to add a bathroom. Upstairs with separate entrances is two more units. Both have 1 bedroom and 1 bathroom. The big unit is currently vacant and recently had all new carpet, new light fixtures, and walls painted this year! The two upstairs units currently have tenants. This is a great buy for three types of markets. Someone looking to have 3 rentals, someone looking to live in the big unit and collect rental income from the upstairs units, or someone looking to convert the triplex back into a single family residence. Property is being sold As Is.

-4 separate electric panels: Unit 1, Unit 2, Unit 3, and (garage, water, water heater, ice melting on roof)

Current rent was based on long-term tenants and family tenants. In todays market those rents could potentially be raised.

Last Agent to Sell the Property

Scott Majerek

The Home Source Group License #6501419430 Listed on: 04/16/2021

Last Buyer's Agent

Claudia Kelleher

Cressy & Everett Real Estate License #6506047350

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,221

Year Built

  • Built in 1900

Lot Details

  • 7,556 Sq Ft Lot

Parking

  • 1 Parking Space

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,221

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 149900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 1.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7556.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2221.1
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Apr 29, 2021
Sold by
Howell Phillip R
Bought by
Wallace Stephen
Seller's Agent
Scott Majerek
The Home Source Group
Buyer's Agent
Claudia Kelleher
Cressy & Everett Real Estate
List Price
$149,900
Sold Price
$149,900
Total Days on Market
3
Current Estimated Value
$203,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,719
Avg. Annual Appreciation
7.44%

Purchase Details

Closed on
Jul 21, 2004
Sold by
Howell John C and Howell Joyce L
Bought by
Howell Phillip R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2004
Sold by
Howell John C and Howell Joyce L
Bought by
Tms Mortgage Inc and The Money Store

Purchase Details

Closed on
Oct 14, 1992

Purchase Details

Closed on
Oct 9, 1981
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
Wallace Stephen $149,900 First American Title
Howell Phillip R -- Meridian Title Corp
Tms Mortgage Inc $57,264 --
-- $19,500 --
-- $19,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Stephen $386,800
Previous Owner Howell Jennifer L $90,000
Previous Owner Howell Phillip R $99,000
Previous Owner Howell Phillip R $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $149,900 0.0% --
04/16/2021 04/16/21 For Sale $149,900 -- --
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 $3,120 $92,800 $0 $0
2024 $1,622 $91,900 $0 $0
2023 $1,555 $82,200 $0 $0
2022 $1,481 $49,400 $0 $0
2021 $2,247 $45,300 $3,300 $42,000
2020 $2,221 $43,200 $0 $0
2019 $2,190 $37,600 $2,200 $35,400
2018 $2,111 $37,600 $0 $0
2017 $2,088 $44,600 $0 $0
2016 $2,052 $36,100 $0 $0
2015 $2,308 $45,400 $0 $0
2014 $1,197 $40,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21012510

Southwestern Michigan Association of REALTORS®

APN: 11-71-4510-0151-00-5