NOT LISTED FOR SALE

1011 Watson St SW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $254,067 - $326,000

3 Beds
2 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold August 27, 2019

Last sale price $69,000

Est. 315% increase in value since last sale

Current estimated payment $1,808/month

9 Days on Market

About This Home

As of August 2019

Investor special for what could be your favorite cash cow. With market rent of upwards of $1250/unit this could offer significant income over the long term. Currently occupied by month-to-month tenants. Property is ready for new owner ready to perform their own custom / extensive renovations. Seller is a licensed agent in the State of Michigan.

Last Agent to Sell the Property

Kase Knochenhauer

Keymark Realty Listed on: 08/05/2019

Last Buyer's Agent

Tim VandenToorn

United Realty Services LLC License #6502392770

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $847

Year Built

  • Built in 1910

Lot Details

  • 3,920 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$847

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: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 79900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3920.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 847.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2020
Sold by
Randy Bullen
Bought by
Lam Vincent
Current Estimated Value
$286,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Outstanding Balance
$165,636
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$120,881

Purchase Details

Listed on
Aug 5, 2019
Closed on
Aug 26, 2019
Sold by
Timmer Jon
Bought by
Bullen Randy
Seller's Agent
Kase Knochenhauer
Keymark Realty
Buyer's Agent
Tim VandenToorn
United Realty Services LLC
List Price
$85,000
Sold Price
$69,000
Premium/Discount to List
-$16,000
-18.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.45%

Purchase Details

Listed on
Aug 5, 2019
Closed on
Aug 2, 2019
Sold by
Curtiss Lisa Anne
Bought by
Timmer Jon
Seller's Agent
Kase Knochenhauer
Keymark Realty
Buyer's Agent
Tim VandenToorn
United Realty Services LLC
List Price
$85,000
Sold Price
$69,000
Premium/Discount to List
-$16,000
-18.82%

Purchase Details

Closed on
Sep 25, 2003
Sold by
Hud
Bought by
Curtiss Lisa Anne

Purchase Details

Closed on
Sep 13, 2003
Sold by
Mortgage Electronic Registration Systems
Bought by
Hud

Purchase Details

Closed on
Nov 21, 1997
Sold by
Herrma Herrma D D and Herrma J
Bought by
Curtiss Goodwin M and Curtiss Lisa Anne

Purchase Details

Closed on
Jan 24, 1997
Sold by
Mchugh Mchugh R R and Mchugh Herrema D
Bought by
Herrema Herrema D and Herrema J

Purchase Details

Closed on
Aug 23, 1996
Sold by
Mchugh Mchugh R R and Mchugh Herrema D
Bought by
Curtiss Lisa Anne

Purchase Details

Closed on
Jul 3, 1996
Sold by
Preferred Pr and Mchugh Preferred
Bought by
Curtiss Mchugh and Curtiss Lisa Anne

Purchase Details

Closed on
Sep 8, 1993

Purchase Details

Closed on
Aug 12, 1993
Sold by
Kreuyer Kreuyer M M and Kreuyer Mchugh R
Bought by
Curtiss Lisa Anne
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lam Vincent $250,000 Irongate Title Agency
Bullen Randy $69,000 Irongate Agency Llc
Timmer Jon $50,000 Chicago Title Of Mi Inc
Curtiss Lisa Anne -- --
Hud -- --
Curtiss Goodwin M $43,000 --
Herrema Herrema D $19,000 --
Curtiss Lisa Anne -- --
Curtiss Mchugh -- --
-- -- --
Curtiss Lisa Anne $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lam Vincent $187,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2019 08/27/19 Sold $69,000 -18.8% --
08/14/2019 08/14/19 Pending -- -- --
08/05/2019 08/05/19 For Sale $85,000 -- --
Source: MichRIC

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 $3,613 $110,300 $0 $0
2024 $3,613 $95,700 $0 $0
2023 $3,584 $85,600 $0 $0
2022 $3,407 $71,500 $0 $0
2021 $3,519 $63,600 $0 $0
2020 $2,839 $55,500 $0 $0
2019 $1,342 $44,000 $0 $0
2018 $1,290 $35,400 $0 $0
2017 $1,318 $29,900 $0 $0
2016 $1,264 $31,500 $0 $0
2015 $1,205 $31,500 $0 $0
2013 -- $27,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2019

    Kase Knochenhauer

    Keymark Realty

    (616) 405-8635

    1 in this area

    111 Total Sales

    Kase Knochenhauer
    Section Image
  • Tim VandenToorn

    Buyer's Agent in 2019

    Tim VandenToorn

    United Realty Services LLC

    (616) 965-2300

    6 in this area

    101 Total Sales

    Tim VandenToorn
    Section Image
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Map

Source: MichRIC

MLS Number: 19037439

MichRIC

APN: 41-13-26-404-026

Michigan Kent County Grand Rapids 49504 SWAN

1011 Watson St SW, Grand Rapids, MI

Not Listed for Sale

MultiFamily

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