NOT LISTED FOR SALE

116 W Washington St Ionia, MI 48846

Estimated Value: $200,000 - $375,000

-- Bed
4 Baths
-- Sq Ft
0.3 Acres

Last Sold February 29, 2012

Last sale price $72,252

Est. 287% increase in value since last sale

Current estimated payment $1,760/month

45 Days on Market

About This Home

As of February 2012

Looking for a rental income property, here it is. This 5 unit property (3-2 bedroom & 2-1 bedroom units)has seperated utilities, except water/sewer, along with hookups for a donstairs laundry for added monthly income. It also features an 8 stall car port. This property may be approved for HomePath and/or HomePath Renovation financing. The seller has directed that all offers on this listing be made using the HomePath Online Offer system at the HomePath website.

Last Agent to Sell the Property

Ralph Brill

Listed Properties LLC License #6502139103 Listed on: 01/03/2012

Last Buyer's Agent

Nancy Badder

Carr Real Estate Inc. - I License #6501239201

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,309

Year Built

  • Built in 1972

Lot Details

  • 0.3 Acre Lot

Parking

  • 8 Parking Spaces

Home Design

  • Aluminum Siding

Utilities

  • Baseboard Heating
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,309

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 69900.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 13068.0

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2012
Closed on
Feb 29, 2012
Sold by
Fannie Mae
Bought by
Flinn Ii Roger D
Seller's Agent
Ralph Brill
Listed Properties LLC
Buyer's Agent
Nancy Badder
Carr Real Estate Inc. - I
List Price
$78,900
Sold Price
$72,252
Premium/Discount to List
-$6,648
-8.43%
Current Estimated Value
$279,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,415
Avg. Annual Appreciation
10.36%
Original Mortgage
$72,500
Outstanding Balance
$50,316
Interest Rate
3.86%
Mortgage Type
Unknown
Estimated Equity
$219,017

Purchase Details

Closed on
Sep 1, 2011
Sold by
Penrod Mark
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 31, 2007
Sold by
S V M Enterprises Llc
Bought by
Penrod Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage
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
Flinn Ii Roger D $72,252 --
Federal National Mortgage Association $119,467 --
Penrod Mark $124,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flinn Ii Roger D $72,500
Previous Owner Penrod Mark $99,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2012 02/29/12 Sold $72,252 -8.4% --
02/17/2012 02/17/12 Pending -- -- --
01/03/2012 01/03/12 For Sale $78,900 -- --
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 $3,309 $102,500 $14,700 $87,800
2024 $3,150 $102,500 $14,700 $87,800
2023 $3,004 $84,700 $10,800 $73,900
2022 $2,861 $79,200 $9,500 $69,700
2021 $2,919 $81,700 $9,500 $72,200
2020 $2,759 $81,700 $9,500 $72,200
2019 $1,955 $80,200 $7,900 $72,300
2018 $2,809 $47,500 $7,000 $40,500
2017 $2,438 $47,500 $7,000 $40,500
2016 $1,955 $37,200 $5,000 $32,200
2015 -- $37,200 $5,000 $32,200
2014 $3,914 $53,100 $6,200 $46,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Ralph Brill

    Listed Properties LLC

  • N

    Buyer's Agent in 2012

    Nancy Badder

    Carr Real Estate Inc. - I

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12001045

Southwestern Michigan Association of REALTORS®

APN: 201-080-000-355-10

Michigan Ionia County Ionia 48846

116 W Washington St, Ionia, MI

This home is located at 116 W Washington St, Ionia, MI 48846 since 03 January 2012 and is currently estimated at $279,667. This property was built in 1972. 116 W Washington St is a home located in Ionia County with nearby schools including Ionia High School, Saints Peter and Paul Catholic School, and Ionia Seventh Day Adventist Elementary 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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