NOT LISTED FOR SALE

1011 Thomas St SE Grand Rapids, MI 49506

Baxter Neighborhood

Estimated Value: $228,547 - $283,000

-- Bed
-- Bath
-- Sq Ft
6,185 Sq Ft Lot

Last Sold November 28, 2017

Last sale price $80,000

Est. 206% increase in value since last sale

Current estimated payment $1,529/month

3 Days on Market

About This Home

As of November 2017

Calling all investors! Great potential in this large 2-unit! 3 bedrooms in lower unit, and 2 bedrooms in the upper with a potential 3rd non-conforming. Home has new paint on the exterior. Both units are currently vacant. Lower unit is ready to rent, and upper just needs some touch ups and will be ready too.

Last Agent to Sell the Property

Ryan Ogle

Bluhouse Properties LLC - I License #6502376991 Listed on: 10/20/2017

Bluhouse Properties LLC - I

Co-Listed By

Benjamin Poortenga

Bluhouse Properties LLC - I

Last Buyer's Agent

Aaron Metaj

Bellabay Realty LLC License #6502419485

Bellabay Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,556

Year Built

  • Built in 1890

Lot Details

  • 6,185

Parking

  • 1 Parking Space

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System

Additional Features

  • Michigan Basement
  • 6,185 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for water, gas
  • The owner pays for sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,556

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50*124
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1556.41
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Radiant: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 90000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • General Property Info:Total Parking Spaces: 1.0

Utilities

  • Heating: Natural Gas, Radiant
  • Heating: Yes
  • Utilities: Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6185.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Sewer
  • Tenant Pays: Water, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1556.41
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2017
Closed on
Nov 28, 2017
Sold by
Mcclure Steven
Bought by
Blu Sky Partners Llc
Seller's Agent
Ryan Ogle
Bluhouse Properties LLC - I
Buyer's Agent
Aaron Metaj
Bellabay Realty LLC
List Price
$90,000
Sold Price
$80,000
Premium/Discount to List
-$10,000
-11.11%
Current Estimated Value
$244,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,926
Avg. Annual Appreciation
15.52%

Purchase Details

Listed on
Oct 20, 2017
Closed on
Nov 20, 2017
Sold by
Luxe Properties Inc
Bought by
Mcclure Steven
Seller's Agent
Ryan Ogle
Bluhouse Properties LLC - I
Buyer's Agent
Aaron Metaj
Bellabay Realty LLC
List Price
$90,000
Sold Price
$80,000
Premium/Discount to List
-$10,000
-11.11%

Purchase Details

Closed on
Feb 24, 2010
Sold by
Nita Home Llc
Bought by
Quan Geraldine and Luxe Properties Inc Profit Sharing Plan

Purchase Details

Closed on
Jul 14, 2009
Sold by
Charter Investments Llc
Bought by
Nita Home Llc

Purchase Details

Closed on
Jun 16, 2009
Sold by
Shelter Homes Llc
Bought by
Charter Investments Llc

Purchase Details

Closed on
Mar 5, 2009
Sold by
Trott & Trott Pc
Bought by
Yeo Judith

Purchase Details

Closed on
Oct 1, 2008
Sold by
Citimortgage Inc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 23, 2004
Sold by
Fritz Ricky T and Fritz Cheryl
Bought by
Dogwood Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,400
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2004
Sold by
Roberts Al and Roberts Beverly
Bought by
Fritz Ricky

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,400
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 1984
Source: Public Records

Range of Values:

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Average Value
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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
Blu Sky Partners Llc -- None Available
Mcclure Steven -- None Available
Quan Geraldine $47,000 Triunion Title Llc
Nita Home Llc $20,000 None Available
Charter Investments Llc -- None Available
Yeo Judith $11,500 Warranty Title Agency Llc
Federal National Mortgage Association -- None Available
Citimortgage Inc $80,647 None Available
Dogwood Properties Llc -- --
Fritz Ricky $86,000 --
-- $24,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fritz Ricky $77,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2017 11/28/17 Sold $80,000 -11.1% --
10/23/2017 10/23/17 Pending -- -- --
10/20/2017 10/20/17 For Sale $90,000 -- --
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 $2,260 $112,200 $0 $0
2024 $2,260 $102,500 $0 $0
2023 $2,242 $90,300 $0 $0
2022 $2,131 $75,100 $0 $0
2021 $2,076 $67,500 $0 $0
2020 $2,007 $57,200 $0 $0
2019 $2,055 $47,000 $0 $0
2018 $1,992 $37,600 $0 $0
2017 $1,506 $31,700 $0 $0
2016 $1,513 $28,200 $0 $0
2015 $1,442 $28,200 $0 $0
2013 -- $30,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Ryan Ogle

    Bluhouse Properties LLC - I

    Section Image

  • B

    Seller Co-Listing Agent in 2017

    Benjamin Poortenga

    Bluhouse Properties LLC - I

  • A

    Buyer's Agent in 2017

    Aaron Metaj

    Bellabay Realty LLC

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17052635

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-178-028

Michigan Kent County Grand Rapids 49506 Baxter

1011 Thomas St SE, Grand Rapids, MI

This home is located at 1011 Thomas St SE, Grand Rapids, MI 49506 since 20 October 2017 and is currently estimated at $254,637. This property was built in 1890. 1011 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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