NOT LISTED FOR SALE

1008 Franklin St SE Grand Rapids, MI 49507

South East End Neighborhood

Estimated Value: $202,000 - $258,526

-- Bed
-- Bath
-- Sq Ft
5,793 Sq Ft Lot

Last Sold March 12, 2021

Last sale price $130,600

Est. 85% increase in value since last sale

Current estimated payment $1,804/month

5 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding
  • Window Unit Cooling System

About This Home

As of March 2021

Great investment or owner-occupied duplex in SE Grand Rapids. City certified and professionally managed. Lower unit recently remodeled. Upper unit 2 bed/1 bath, $800/mth leased until 12/31/2020. Lower unit 2 bed/ 1 bath, $900/mth leased month to month. Split gas and electric, shared laundry in basement, two stall carport, and off street parking. Both units have front and rear stair entrances and access to basement. Seller is a licensed real estate agent in the state of Michigan.

Last Agent to Sell the Property

Derrick Kroodsma

Five Star Real Estate (Grandv) License #6501375273 Listed on: 01/02/2021

Last Buyer's Agent

Casity Kao

Keller Williams GR East License #6501396887

Keller Williams GR East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,415

Year Built

  • Built in 1896

Lot Details

  • 5,793 Sq Ft Lot

Home Design

  • Composition Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,415

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1896
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 44* 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2415.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Extras:Sep Gas Meter: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding
  • List Price: 150000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Cable Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 44* 132
  • Lot Size Sq Ft: 5793.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2415.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2023
Sold by
Gomez Yunni
Bought by
Gomez Yunni and Gomez Juan
Current Estimated Value
$242,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Outstanding Balance
$131,615
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$93,237

Purchase Details

Closed on
Nov 17, 2023
Sold by
Ablg Holdings Llc
Bought by
Gomez Yunni

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Outstanding Balance
$131,615
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$93,237

Purchase Details

Listed on
Jan 2, 2021
Closed on
Mar 12, 2021
Sold by
Au Realty Llc
Bought by
Ablg Holdings Llc
Seller's Agent
Derrick Kroodsma
Five Star Real Estate (Grandv)
Buyer's Agent
Casity Kao
Keller Williams GR East
List Price
$160,000
Sold Price
$130,600
Premium/Discount to List
-$29,400
-18.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.95%
Original Mortgage
$97,950
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 9, 2017
Closed on
Jun 30, 2017
Sold by
Kroodsma Derrick A
Bought by
Au Realty Llc
Seller's Agent
Mike Kuzawa
Five Star Real Estate (Main)
Buyer's Agent
Derrick Kroodsma
Five Star Real Estate (Grandv)
List Price
$89,900
Sold Price
$84,000
Premium/Discount to List
-$5,900
-6.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.67%

Purchase Details

Closed on
Jul 14, 2014
Sold by
Mudry Audra and Hollamon Paul
Bought by
Holland Reit Advisors Llc and Grand Franklin 1008-10 Trust

Purchase Details

Closed on
Sep 12, 2006
Sold by
Feyen Matthew and Haglund Kristine
Bought by
Mudry Audra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,700
Interest Rate
8.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2005
Sold by
Wilson Joseph and Franklin Street Trust
Bought by
Feyen Matthew T and Haglund Kristine

Purchase Details

Closed on
Oct 19, 2005
Sold by
Mann Devon
Bought by
Wilson Joseph and Franklin Street Trust

Purchase Details

Closed on
Dec 27, 2004
Sold by
Redder Marshall and Redder Meredith
Bought by
Mann Devon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,920
Interest Rate
7.55%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 24, 1999
Sold by
Malone Wendell Eric
Bought by
Bryant Alma and Mudry Audra

Purchase Details

Closed on
Jul 13, 1999
Sold by
Price Prop
Bought by
Mudry Audra

Purchase Details

Closed on
Jan 15, 1997
Bought by
Price Prop and Mudry Audra

Purchase Details

Closed on
Feb 13, 1996
Sold by
Pap Prop and Pap Malone W
Bought by
Mudry Malone W and Mudry Audra
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
Gomez Yunni -- Next Door Title
Gomez Yunni $178,000 Next Door Title
Ablg Holdings Llc $130,600 Next Door Title Agency Llc
Au Realty Llc -- None Available
Kroodsma Derrick A $84,000 None Available
Holland Reit Advisors Llc $58,000 None Available
Mudry Audra $100,900 None Available
Feyen Matthew T $14,304 --
Wilson Joseph -- --
Mann Devon $79,900 Prime Title Services Llc
Bryant Alma -- --
Mudry Audra -- --
Price Prop -- --
Mudry Malone W $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Yunni $133,500
Previous Owner Ablg Holdings Llc $97,950
Previous Owner Au Realty Llc $58,800
Previous Owner Mudry Audra $80,700
Previous Owner Mudry Audra $20,150
Previous Owner Mann Devon $63,920
Previous Owner Mann Devon M $15,980
Previous Owner Redder Marshall $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2021 03/12/21 Sold $130,600 -18.4% --
01/07/2021 01/07/21 Pending -- -- --
01/02/2021 01/02/21 For Sale $160,000 +90.5% --
06/30/2017 06/30/17 Sold $84,000 -6.6% --
06/16/2017 06/16/17 Pending -- -- --
06/09/2017 06/09/17 For Sale $89,900 -- --
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 $5,807 $127,500 $0 $0
2024 $5,807 $116,400 $0 $0
2023 $4,648 $103,200 $0 $0
2022 $4,418 $85,200 $0 $0
2021 $2,441 $76,500 $0 $0
2020 $2,359 $64,600 $0 $0
2019 $2,415 $53,700 $0 $0
2018 $2,341 $44,200 $0 $0
2017 $1,895 $37,100 $0 $0
2016 $2,234 $33,900 $0 $0
2015 $2,582 $33,900 $0 $0
2013 -- $34,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Derrick Kroodsma

    Five Star Real Estate (Grandv)

    Section Image

  • C

    Buyer's Agent in 2021

    Casity Kao

    Keller Williams GR East

    (616) 871-9200

    2 in this area

    58 Total Sales

    Casity Kao
    Section Image

  • C

    Buyer Co-Listing Agent in 2021

    Charles Kao

    Keller Williams GR East

    (616) 871-9200

    1 in this area

    31 Total Sales

    Charles Kao
    Section Image
  • Mike Kuzawa

    Seller's Agent in 2017

    Mike Kuzawa

    Five Star Real Estate (Main)

    (616) 293-4218

    3 in this area

    99 Total Sales

    Mike Kuzawa
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20049257

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-326-003

Michigan Kent County Grand Rapids 49506 South East End

1008 Franklin St SE, Grand Rapids, MI

This home is located at 1008 Franklin St SE, Grand Rapids, MI 49507 since 02 January 2021 and is currently estimated at $242,132. This property was built in 1896. 1008 Franklin St SE is a home located in Kent County with nearby schools including Campus Elementary School, 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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