C
Seller's Agent in 2024
Cassandra Beyer
Charter Properties
(231) 206-4416
1 in this area
16 Total Sales
1021 Sheridan Ave SW Grand Rapids, MI 49503
Roosevelt Park Neighborhood
--
Bed
--
Bath
--
Sq Ft
4,600
Sq Ft Lot
About This Home
As of September 2024Great investment opportunity to own a duplex and single family house right next to each other on two separate parcels. All three units are currently rented month-to-month for $4,450 per month. Electric and gas are individually metered for each unit. Water/sewer is shared for all three units. Certificate of compliance issued by the city until 9/23/2026. Take advantage of the cash flow already established and the possibility to sell the properties separately in the future. Or live in one unit and have the other two units pay the mortgage. 1021 is a 4 bedroom, 1 ½ bathroom single family. 1023 is a upper/lower duplex, each with 2 bedrooms and 1 bathroom. Both buildings have new roofs and attic venting in 2022. Tax information is for both parcels - 41-13-36-380-025 and 41-13-36-380-026.
Last Agent to Sell the Property
Charter Properties License #6501373533 Listed on: 07/30/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,315
Year Built
- Built in 1900
Lot Details
- 4,600 Sq Ft Lot
- Lot Dimensions are 40x115
Parking
- 2 Parking Spaces
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2 Fireplaces
- Basement Fills Entire Space Under The House
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Shared Gas Meter
Community Details
- 2 Buildings
- 3 Units
Listing and Financial Details
- Tenant pays for electric, gas
- The owner pays for water, sewer
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 30, 2024
Closed on
Sep 25, 2024
Sold by
Gibson Jesse Alan
Bought by
Soe Wunna
Seller's Agent
Cassandra Beyer
Charter Properties
Buyer's Agent
Ahmed Khalil
eXp Realty LLC
List Price
$400,000
Sold Price
$385,000
Premium/Discount to List
-$15,000
-3.75%
Total Days on Market
34
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$114,298
Avg. Annual Appreciation
-50.48%
Original Mortgage
$120,000
Outstanding Balance
$119,335
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$119,403
Purchase Details
Listed on
Jun 10, 2022
Closed on
Jul 14, 2022
Sold by
Jerad A Bailey Trust
Bought by
Gibson Jesse
Seller's Agent
Tanya Craig
Keller Williams GR East
Buyer's Agent
Cassandra Clark
Keller Williams GR East
List Price
$195,000
Sold Price
$204,000
Premium/Discount to List
$9,000
4.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.47%
Original Mortgage
$142,800
Interest Rate
5.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 5, 2017
Sold by
Custom Home Rentals Llc
Bought by
Bailey Jerad
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,600
Interest Rate
4.03%
Mortgage Type
Commercial
Purchase Details
Closed on
May 1, 2017
Sold by
Bailey Jerad A
Bought by
Bailey Jerad A and Jerad A Bailey Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,600
Interest Rate
4.03%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 24, 2017
Sold by
Cruz Pascual and Cruz Juana
Bought by
Custom Home Rentals L L C
Purchase Details
Closed on
Feb 22, 1996
Sold by
Berg Berg J J and Berg Cruz P
Bought by
Cruz Cruz P and Cruz 26
Purchase Details
Closed on
Feb 21, 1996
Sold by
Berg White
Bought by
Berg and Berg 26
Purchase Details
Closed on
Feb 20, 1996
Bought by
White and 26
Purchase Details
Closed on
Feb 19, 1996
Sold by
White White J J and White Zwyghuzn
Bought by
Zwyghuzn and 26
Purchase Details
Closed on
Nov 3, 1994
Sold by
White White J J and White Berg J
Bought by
Cruz Pascual Juana
Purchase Details
Closed on
Jul 5, 1984
Bought by
Cruz Pascual Juana
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | None Listed On Document | |
| Warranty Deed | $204,000 | None Listed On Document | |
| Warranty Deed | $138,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $85,000 | Essential Title Agency Inc | |
| Warranty Deed | $30,000 | -- | |
| Warranty Deed | $16,900 | -- | |
| Warranty Deed | $12,500 | -- | |
| Warranty Deed | $11,000 | -- | |
| Deed | $16,900 | -- | |
| Deed | $9,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | New Conventional | |
| Previous Owner | $142,800 | New Conventional | |
| Previous Owner | $96,600 | Commercial | |
| Previous Owner | $76,500 | Unknown | |
| Previous Owner | $12,689 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/25/2024 09/25/24 | Sold | $385,000 | -3.8% | -- |
| 08/21/2024 08/21/24 | Pending | -- | -- | -- |
| 07/30/2024 07/30/24 | For Sale | $400,000 | 0.0% | -- |
| 07/24/2024 07/24/24 | Pending | -- | -- | -- |
| 07/18/2024 07/18/24 | For Sale | $400,000 | +96.1% | -- |
| 07/15/2022 07/15/22 | Sold | $204,000 | +4.6% | -- |
| 06/11/2022 06/11/22 | Pending | -- | -- | -- |
| 06/10/2022 06/10/22 | For Sale | $195,000 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,148 | $52,700 | $0 | $0 |
| 2023 | $2,092 | $41,000 | $0 | $0 |
| 2022 | $1,014 | $35,700 | $0 | $0 |
| 2021 | $988 | $28,900 | $0 | $0 |
| 2020 | $955 | $23,300 | $0 | $0 |
| 2019 | $978 | $21,900 | $0 | $0 |
| 2018 | $948 | $17,900 | $0 | $0 |
| 2017 | $581 | $15,600 | $0 | $0 |
| 2016 | $584 | $15,400 | $0 | $0 |
| 2015 | $556 | $15,400 | $0 | $0 |
| 2013 | -- | $15,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Cassandra Beyer
-
Ahmed Khalil
Buyer's Agent in 2024
Ahmed Khalil
eXp Realty LLC
(269) 569-4019
1 in this area
213 Total Sales
-
Tanya Craig
Seller's Agent in 2022
Tanya Craig
Keller Williams GR East
(616) 813-2946
1 in this area
172 Total Sales
-
Cassandra Clark
Buyer's Agent in 2022
Cassandra Clark
Keller Williams GR East
(616) 633-5061
1 in this area
230 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 24037018
APN: 41-13-36-380-025
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