NOT LISTED FOR SALE

951 E Allegan St Martin, MI 49070

Estimated Value: $230,406 - $272,000

5 Beds
4 Baths
3,360 Sq Ft
$74/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $146,012 $43 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $1,567/month

9 Days on Market

About This Home

As of August 2018

Great investment property opportunity to own a 4-plex the village of Martin! This 2.5 story home with historic character on just over 3/4 acre has 4 units that are all occupied & cash flowing! Unit 1 has original sliding pocket doors, fireplace, hardwood, bay window & built in shelves. Many original solid wood doors & gorgeous wood staircase. Coin operated washer/dryer in basement laundry. Additional basement storage. Huge front porch. Unfinished walk up attic has potential for more living space. 5+ parking spaces w/ room to add more. UNIT 1: 1BD/1BA,$675/mo. UNIT 2:2BD/1BA,$800/mo UNIT 3: 1BD/1BA, $600/mo. UNIT 4: 1BD/1BA, $500/mo. Owner pays water/trash/yard maint/snow removal. Tenant pays gas/electric. Year built & sq.ft is approximate. (Fireplace not functional.)

Last Agent to Sell the Property

Louise Honderd

Blue Ribbon Realty Listed on: 08/13/2018

Last Buyer's Agent

Cristi Brophy

Coldwell Banker Woodland Schmidt ART Office License #6501372915

Coldwell Banker Woodland Schmidt ART Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,113

Year Built

  • Built in 1900

Lot Details

  • 0.81 Acre Lot

Parking

  • 5 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Natural Gas Connected

Community Details

  • 4 Units
  • Insurance Expense $1,463

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,113

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

  • Construction Materials: Aluminum Siding
  • List Price: 139900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Natural Gas, Electric, Radiant, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.81
  • Lot Size Area: 0.81
  • Lot Size Sq Ft: 35343.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 1463.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2113.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2018
Closed on
Aug 29, 2018
Sold by
Triple K Re Llc
Bought by
Terstra Judy K and Alexander Lacinda
Seller's Agent
Louise Honderd
Blue Ribbon Realty
Buyer's Agent
Cristi Brophy
Coldwell Banker Woodland Schmidt ART Office
List Price
$139,900
Sold Price
$146,012
Premium/Discount to List
$6,112
4.37%
Current Estimated Value
$250,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,090
Avg. Annual Appreciation
7.22%

Purchase Details

Closed on
Mar 29, 2016
Sold by
Carpenter Anthony A and Carpenter Sheri
Bought by
Triple K Re Llc

Purchase Details

Listed on
Mar 17, 2015
Closed on
Oct 26, 2015
Sold by
141 Prospect Llc
Bought by
Carpenter Anthony A
Seller's Agent
Thomas Koetsier
Kay Courtney & Associates
Buyer's Agent
Louise Honderd
Blue Ribbon Realty
List Price
$89,900
Sold Price
$64,000
Premium/Discount to List
-$25,900
-28.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.23%
Original Mortgage
$80,000
Interest Rate
3.91%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 22, 2011
Sold by
Koetsier Thomas H
Bought by
141 Prospect Llc

Purchase Details

Closed on
Oct 20, 2011
Sold by
Fannie Mae
Bought by
Koetsier Thomas K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,750
Interest Rate
4.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 18, 2011
Sold by
Rutgers Gregg S and Rutgers Shawn M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 8, 2003
Sold by
Purdum Derald T and Purdum Valerie L
Bought by
Rutgers Gregg S and Rutgers Shawn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 1999
Sold by
Purdum Derald and Purdum Valerie L
Bought by
Purdum Derald Trust

Purchase Details

Closed on
Apr 9, 1999
Bought by
Purdum Derald and Purdum Valerie L
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
Terstra Judy K $146,012 None Available
Triple K Re Llc -- None Available
Carpenter Anthony A $64,000 Attorney
141 Prospect Llc -- None Available
Koetsier Thomas K $53,000 Attorneys Title Agency Llc
Federal National Mortgage Association -- None Available
Rutgers Gregg S $130,000 Chicago Title
Purdum Derald Trust -- --
Purdum Derald $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carpenter Anthony A $80,000
Previous Owner Koetsier Thomas $39,750
Previous Owner Rutgers Gregg S $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2018 08/29/18 Sold $146,012 +4.4% $43 / Sq Ft
08/22/2018 08/22/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $139,900 +118.6% $42 / Sq Ft
10/26/2015 10/26/15 Sold $64,000 -28.8% $19 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
03/17/2015 03/17/15 For Sale $89,900 -- $27 / Sq Ft
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 $2,573 $84,300 $23,500 $60,800
2024 $2,341 $79,900 $20,900 $59,000
2023 $2,341 $73,900 $23,400 $50,500
2022 $2,341 $63,800 $15,700 $48,100
2021 $2,189 $49,200 $9,400 $39,800
2020 $2,189 $46,200 $11,100 $35,100
2019 $1,811 $42,900 $8,700 $34,200
2018 $1,811 $37,300 $8,100 $29,200
2017 $0 $36,000 $8,100 $27,900
2016 $0 $35,500 $8,100 $27,400
2015 -- $35,500 $8,100 $27,400
2014 -- $34,400 $8,100 $26,300
2013 -- $39,600 $15,400 $24,200
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Louise Honderd

    Blue Ribbon Realty

    (616) 318-5270

    33 Total Sales

    Louise Honderd
    Section Image
  • Cristi Brophy

    Buyer's Agent in 2018

    Cristi Brophy

    Coldwell Banker Woodland Schmidt ART Office

    (616) 901-7556

    91 Total Sales

    Cristi Brophy
    Section Image

  • T

    Seller's Agent in 2015

    Thomas Koetsier

    Kay Courtney & Associates

  • A

    Seller Co-Listing Agent in 2015

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    128 Total Sales

    Allison Koetsier
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18039521

Southwestern Michigan Association of REALTORS®

APN: 42-220-106-00

Michigan Allegan County Martin 49070

951 E Allegan St, Martin, MI

This home is located at 951 E Allegan St, Martin, MI 49070 since 13 August 2018 and is currently estimated at $250,102, approximately $74 per square foot. This property was built in 1900. 951 E Allegan St is a home located in Allegan County with nearby schools including Robert D. Brandon Elementary School and Martin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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