NOT LISTED FOR SALE

Estimated Value: $238,461 - $265,000

5 Beds
2 Baths
-- Sq Ft
1,641 Sq Ft Lot

Last Sold July 06, 2018

Last sale price $147,500

Est. 74% increase in value since last sale

Current estimated payment $1,595/month

4 Days on Market

About This Home

As of July 2018

PERFECT INVESTMENT OPPORTUNITY for anyone looking to add to their portfolio or for someone looking to add their first investment property. This awesome 2 unit property has been well taken care of by its owner and has a steady cash flow. Located on the very popular West side of GR, this property will not last long! Don't miss out on your opportunity own this property! Upper unit is currently rented for $925/month and the lower unit is currently rented for $825/month.

Last Agent to Sell the Property

Kevin Mccarty

Greenridge Realty (EGR) Listed on: 05/18/2018

Last Buyer's Agent

Blake Boehm

Greenridge Realty (EGR)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,549

Year Built

  • Built in 1905

Lot Details

  • 1,641 Sq Ft Lot
  • Lot Dimensions are 24.50 x 67

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding

Basement

  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,549

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 24.50 X 67
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1548.79
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 159900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Size Sq Ft: 1641.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1548.79
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2018
Closed on
Aug 1, 2018
Sold by
Sadowski Richard
Bought by
Bluemont Properties Llc
Seller's Agent
Kevin Mccarty
Greenridge Realty (EGR)
Buyer's Agent
Blake Boehm
Greenridge Realty (EGR)
List Price
$159,900
Sold Price
$147,500
Premium/Discount to List
-$12,400
-7.75%
Current Estimated Value
$256,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,615
Avg. Annual Appreciation
8.01%
Original Mortgage
$110,625
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 18, 2018
Closed on
Jul 6, 2018
Sold by
Benjamin S Blake Trust
Bought by
Sadowski Richard E
Seller's Agent
Kevin Mccarty
Greenridge Realty (EGR)
Buyer's Agent
Blake Boehm
Greenridge Realty (EGR)
List Price
$159,900
Sold Price
$147,500
Premium/Discount to List
-$12,400
-7.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,625
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2015
Sold by
Blake Benjamin
Bought by
Benjamin S Blake Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,250
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 10, 2014
Closed on
Dec 29, 2014
Sold by
The Huntington National Bank
Bought by
Ernie Llc
Seller's Agent
David Pena
Homes 28
Buyer's Agent
Michael Childress
Childress & Associates Realty
List Price
$22,500
Sold Price
$28,100
Premium/Discount to List
$5,600
24.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.01%

Purchase Details

Closed on
Apr 23, 2014
Sold by
Webster Erick M and Webster Kristin
Bought by
The Huntington National Bank

Purchase Details

Closed on
May 24, 2013
Sold by
Webster Erick and Webster Kristin
Bought by
Webster Erick

Purchase Details

Closed on
Sep 29, 2006
Sold by
Punches Andrew
Bought by
Webster Erick and Webster Kristin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,189
Interest Rate
6.49%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 12, 2005
Sold by
Punches Monda Lynn
Bought by
Punches Andrew Keith

Purchase Details

Closed on
Nov 17, 1997
Sold by
Capek Capek S S and Capek Punches A
Bought by
Punches Punches A and Punches M

Purchase Details

Closed on
Nov 11, 1997
Sold by
Bainbridge Bainbridge L L and Bainbridge Capek S
Bought by
Webster Erick

Purchase Details

Closed on
Nov 22, 1996
Sold by
Capek Capek M M and Capek S
Bought by
Webster Capek S and Webster Erick

Purchase Details

Closed on
May 20, 1995
Sold by
Capek Capek
Bought by
Capek and Capek Bnbrdge

Purchase Details

Closed on
Mar 27, 1995
Sold by
Hendges Hendges D D and Hendges Capek S
Bought by
Webster Erick

Purchase Details

Closed on
Mar 26, 1995
Sold by
Morse Morse J J and Morse Hendges D
Bought by
Webster Erick

Purchase Details

Closed on
Mar 15, 1990
Sold by
Hendges Hendges D D and Hendges Capek S
Bought by
Webster Erick
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
Bluemont Properties Llc -- None Available
Sadowski Richard E $147,500 Chicago Title Of Michigan In
Benjamin S Blake Trust -- Sun Title Agency Of Mi Llc
Blake Benjamin $77,500 Sun Title Agency Of Mi Llc
Ernie Llc $28,100 Hbi Title Services Inc
The Huntington National Bank $55,800 None Available
Webster Erick -- None Available
Webster Erick $65,000 None Available
Punches Andrew $28,000 None Available
Punches Andrew Keith -- --
Punches Punches A $28,000 --
Webster Erick -- --
Webster Capek S -- --
Capek -- --
Webster Erick $23,500 --
Webster Erick $22,500 --
Webster Erick $23,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sadowski Richard E $110,625
Previous Owner Blake Benjamin $54,250
Previous Owner Webster Erick M $65,150
Previous Owner Webster Erick $53,189
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2018 07/06/18 Sold $147,500 -7.8% --
05/22/2018 05/22/18 Pending -- -- --
05/18/2018 05/18/18 For Sale $159,900 +469.0% --
12/30/2014 12/30/14 Sold $28,100 +24.9% --
12/22/2014 12/22/14 Pending -- -- --
12/10/2014 12/10/14 For Sale $22,500 -- --
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 $2,419 $105,100 $0 $0
2024 $2,419 $89,200 $0 $0
2023 $2,399 $80,600 $0 $0
2022 $2,280 $67,200 $0 $0
2021 $2,222 $59,900 $0 $0
2020 $2,147 $52,300 $0 $0
2019 $2,199 $41,200 $0 $0
2018 $1,495 $32,600 $0 $0
2017 $1,549 $27,400 $0 $0
2016 $1,466 $20,500 $0 $0
2015 $1,048 $20,500 $0 $0
2013 -- $23,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18018895

Southwestern Michigan Association of REALTORS®

APN: 41-13-26-431-011