Backup offersVideo tour
$2,552 Closing Credit¹
#71025007631, Eric Shedd, Gage Moravec, Listing Office: Nexes Realty Muskegon
$234,900 List price
1148 Terrace St Muskegon, MI 49442
$2,789
Closing credit¹
5 beds
2 full
2,380 sqft
0.2 acres
$99 / sqft
House
Property details
About 1148 Terrace St
Want to own an existing income producing property? This great investment opportunity is an already established mulit-room home that is currently being operating as an Adult Foster Care Home. This home currently rents out for $2,100 per month. With a current lease that is good until 12/22/2027. Some recent updates include a new roof put on within the last month. The deck has recently been power-washed & restained. A new garage door just put in. The seller is still working on some more updates including and new roof on the garage and some fascia repair on the outside. Seller is willing to give a $5,000 credit towards any and all repairs at close.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Natural Gas
StatusActive
CoolingWall Unit(s)
Size2,380 sqft
BasementYes
Lot size0.2 Acres
Year built1800
ParkingConcrete, Detached
MLS #65024059432
Garage1 space
FireplaceLiving Room
Summary
- MLS Number: 65024059432
- MLS Name: Greater Regional Alliance of REALTORS
- Office Name: Key Realty
- Office Phone: (616) 202-1247
- Listing Agent: Lily Force
Disclaimer: 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 © 2025 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: 3/14/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$234,900
1148 Terrace St
$2,789
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 22, 2006 | Home Sold | $130,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $79,200 | $2,870 |
| 2023 | $75,100 | $2,721 |
| 2022 | $60,800 | $3,001 |
| 2021 | $51,300 | $2,619 |
| 2020 | $49,700 | $2,612 |
| 2019 | $45,100 | $2,437 |
| 2018 | $40,800 | $2,834 |
| 2017 | $38,700 | $2,834 |
History based on county public records data.
Nearby schools
2
Moon Elementary School
Public District PK-5
0.9 mi
•1826 Hoyt St
4
Oakview Elementary School
Public District PK-5
1.2 mi
•1420 Madison St
4
Marquette Elementary School
Public District PK-6
1.6 mi
•480 Bennett St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $9,340. The majority of Muskegon, MI residents have income less than $<35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
88%
<35k
11%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
68%
Single, No Kids
19%
Single, with Kids
7%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
8%
12-17 yrs old
23%
18-34 yrs old
45%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
UFC
Figure Skating- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Books-a-Million
Where do the neighbors go to eat?
Burger King
Church's Chicken
Popeyes
What do the neighbors drive?
Buick
Cadillac
Dodge
What do the neighbors listen to?
Urban Contemporary
Jazz
Adult Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1148 Terrace St
This home is located at 1148 Terrace St in Muskegon, MI and zip code 49442 in the McLaughlin neighborhood. This 2,380 square foot home, which was built in 1800, sits on a 0.20 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 14, 2024 and is currently priced at $234,900.
Over 19 listings were sold over their listed price in February 2025 in Muskegon, MI. In the same period over 38 listings were sold below the listed price and 17 listings were sold for the listed price. The number of homes for sale in Muskegon, MI decreased by 4% between January and February 2025. In February 2025, listings were on the market for 43 days. During the same period, the median list price in this real estate market was $190,211.
From Rocket Homes Real Estate and based on county public records data.