2 months on rocket

1621 Terrace St, Muskegon, MI, 49442

$319,900

Home List Price

$3,799*

Closing Credit

0 Baths
Multi

Location

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1621 Terrace St, Muskegon$319,900

Buyer Closing Credits

$3,799*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1900
HeatingForced Air, Natural Gas
BasementYes
MLS #71024055455
Lot Size0.20 Acres
StatusActive

About 1621 Terrace St

High Cash Flow Quadplex - Fully Rented with Separate Utilities! Monthly rents total 3,350This quadplex offers a rare investment opportunity near the growth of downtown Muskegon. All four units are fully rented, providing immediate income. Two of the units have been recently updated with modern finishes, adding to their appeal and increasing rental value. Rental Certification is current as of this summer.Don't miss this turn-key investment opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1900

Listing Office:

  • Office Name: Five Star Real Estate-W Norton
  • Office Phone: (231) 855-5001
  • Listing Agent: Edward Cullivan, Terry Puffer

Interior Features

Interior Information:

  • Basement: Yes

Virtual/3D Tour

  • Virtual Tour: 1621 Terrace St
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Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

Other

Directions Information:

  • Directions: Head north on US-31 N.Take the E Laketon Ave exit toward downtown Muskegon.Turn left onto E Laketon Ave and continue west for about 2.1 miles.Turn right onto Terrace St and continue for about 0.4 miles.Your destination will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $319,900

Tax Information:

  • Annual Amount: $1,577
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Muskegon, MI.

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Muskegon, MI

City

Med. Sold Price

$186.9K

Med. Price/SqFt

$143

Avg. Days On Market

33

# of Sold Homes

75

1621 Terrace St vs Muskegon

61 DAYS ON ROCKET

+28 Days

$319,900

+$132.9K More

KEY TAKEAWAY

This property is $132.9K more than the Median Sold Price in Muskegon, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: West Michigan Lakeshore Association of REALTORS
  • MLS Number: #71024055455

Listing Office:

  • Office Name: Five Star Real Estate-W Norton
  • Office Phone: (231) 855-5001
  • Listing Agent: Edward Cullivan, Terry Puffer

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 12:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 19, 2019Home Sold
$91,500
Sep 10, 2019Home Sold
$85,000
Apr 04, 2019Home Sold
$85,000
Apr 04, 2019Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,577$31,700
2020$1,180$25,000
2019$1,144$23,000
2018$1,128$22,800
2017$1,128$23,400

History based on county public records data.

Payment Calculator

$1,664

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,026

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-970671
2
/10

  • Moon Elementary School

  • 1826 Hoyt St

  • 0.29 miles

  • Public District Grades PK-5

school-card-donut-970672
4
/10

  • Oakview Elementary School

  • 1420 Madison St

  • 1.00 miles

  • Public District Grades PK-5

school-card-donut-970673
4
/10

  • Marquette Elementary School

  • 480 Bennett St

  • 1.83 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,000. Residents of Muskegon, MI typically earn less than $35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Muskegon County›Muskegon›49442›1621 Terrace St

This home is located at 1621 Terrace St in Muskegon, MI and zip code 49442 in the McLaughlin neighborhood. This home, which was built in 1900, sits on a 0.20 acre lot. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $319,900.

In November 2024 more than 23 listings in Muskegon, MI were sold above the asking price. During the same period more than 20 listings were sold at asking price, while more than 32 were sold below. In November 2024 in Muskegon, MI there were 12.2% less homes for sale than in October 2024. Listings spent 33 days on the market in November 2024, and had a median list price of $186,908 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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