NOT LISTED FOR SALE

1005 Thomas St SE Grand Rapids, MI 49506

Baxter Neighborhood

Estimated Value: $241,200 - $294,000

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold September 30, 2014

Last sale price $47,000

Est. 466% increase in value since last sale

Current estimated payment $1,626/month

33 Days on Market

About This Home

As of September 2014

Great income property two units one having 2 bed rooms and the other having one. All information Represented herein is approximated and individual verification is recommended. Information is not guaranteed.Employees and family members residing with employees of JPMorgan Chase Bank, N.A, its affiliates or subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned by JPMorgan Chase Bank, N.A.

Last Agent to Sell the Property

Michael Balsitis

Bellabay Realty LLC License #6502346774 Listed on: 08/14/2014

Bellabay Realty LLC

Last Buyer's Agent

William 'Duke' Gray

EXP Realty (Grand Rapids) License #6506048115

EXP Realty (Grand Rapids)

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1910

Lot Details

  • 6,098

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Additional Features

  • 6,098 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, water, trash collection, sewer, gas

Property Details

Home Type

Apartment

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 46900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6098.0
  • Zoning Description: RES-imp

Rental Info

  • Tenant Pays: Electricity, Water, Trash Collection, Sewer, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2351.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2014
Closed on
Sep 25, 2014
Sold by
Deutsche Bank National Trust Company
Bought by
Front Porch Homes Llc
Seller's Agent
Michael Balsitis
Bellabay Realty LLC
Buyer's Agent
William 'Duke' Gray
EXP Realty (Grand Rapids)
List Price
$46,900
Sold Price
$47,000
Premium/Discount to List
$100
0.21%
Current Estimated Value
$266,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,050
Avg. Annual Appreciation
16.96%

Purchase Details

Closed on
Feb 8, 2014
Sold by
Hamilton Lawrence and Mallory Hamilton Celeste
Bought by
Deutsche Bank National Trust Company and Long Beach Mortgage Loan Trust

Purchase Details

Closed on
Jun 13, 2005
Sold by
Milton Marie Mallory
Bought by
Hamilton Lawrence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
9.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 1986

Purchase Details

Closed on
Aug 5, 1986
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
Front Porch Homes Llc $47,000 None Available
Deutsche Bank National Trust Company $98,066 None Available
Hamilton Lawrence $80,000 Usa Title Agency Inc
-- $7,700 --
-- $2,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamilton Lawrence $96,000
Previous Owner Hamilton Lawrence $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2014 09/30/14 Sold $47,000 +0.2% --
09/16/2014 09/16/14 Pending -- -- --
08/14/2014 08/14/14 For Sale $46,900 -- --
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 $2,031 $119,900 $0 $0
2024 $2,031 $115,600 $0 $0
2023 $2,014 $101,900 $0 $0
2022 $1,914 $84,500 $0 $0
2021 $1,865 $75,800 $0 $0
2020 $1,803 $64,100 $0 $0
2019 $1,846 $52,700 $0 $0
2018 $1,789 $43,700 $0 $0
2017 $1,746 $36,700 $0 $0
2016 $1,754 $31,200 $0 $0
2015 $1,595 $31,200 $0 $0
2013 -- $32,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Balsitis

    Seller's Agent in 2014

    Michael Balsitis

    Bellabay Realty LLC

    (616) 813-5522

    34 Total Sales

    Section Image
  • William 'Duke' Gray

    Buyer's Agent in 2014

    William 'Duke' Gray

    EXP Realty (Grand Rapids)

    (616) 862-1713

    87 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14047245

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-178-027

Michigan Kent County Grand Rapids 49506 Baxter

1005 Thomas St SE, Grand Rapids, MI

This home is located at 1005 Thomas St SE, Grand Rapids, MI 49506 since 14 August 2014 and is currently estimated at $266,050. This property was built in 1910. 1005 Thomas St SE is a home located in Kent County with nearby schools including Martin Luther King Leadership Academy, Alger Middle School, and Ottawa Hills 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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