NOT LISTED FOR SALE

1021 Sheridan Ave SW Grand Rapids, MI 49503

Roosevelt Park Neighborhood

Estimated Value: $153,572 - $415,000

4 Beds
1 Bath
-- Sq Ft
4,600 Sq Ft Lot

Last Sold September 25, 2024

Last sale price $385,000

Est. 42% decrease in value since last sale

Current estimated payment $1,363/month

34 Days on Market

About This Home

As of September 2024

Great 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 1⁄2 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

Cassandra Beyer

Charter Properties License #6501373533 Listed on: 07/30/2024

Last Buyer's Agent

Ahmed Khalil

eXp Realty LLC License #6501425556

eXp Realty LLC

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
  • Individual Gas Meter

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,315

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40x115
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5315.0
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 400000.0
  • Number of Buildings: 2
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 40x115
  • Lot Size Sq Ft: 4600.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 5315.0
  • Tax Year: 2024

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%
Views
10
Current Estimated Value
$222,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$162,607
Avg. Annual Appreciation
-41.30%
Original Mortgage
$120,000
Outstanding Balance
$118,765
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$103,629

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
Source: Public Records

Range of Values:

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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
Soe Wunna $150,000 None Listed On Document
Gibson Jesse $204,000 None Listed On Document
Bailey Jerad $138,000 None Available
Bailey Jerad A -- None Available
Custom Home Rentals L L C $85,000 Essential Title Agency Inc
Cruz Cruz P $30,000 --
Berg $16,900 --
White $12,500 --
Zwyghuzn $11,000 --
Cruz Pascual Juana $16,900 --
Cruz Pascual Juana $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soe Wunna $120,000
Previous Owner Gibson Jesse $142,800
Previous Owner Bailey Jerad $96,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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% -- View Prior Sale
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

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 $2,148 $54,200 $0 $0
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

  • C

    Seller's Agent in 2024

    Cassandra Beyer

    Charter Properties

    (231) 206-4416

    1 in this area

    14 Total Sales

    Cassandra Beyer
    Section Image
  • Ahmed Khalil

    Buyer's Agent in 2024

    Ahmed Khalil

    eXp Realty LLC

    (269) 569-4019

    1 in this area

    222 Total Sales

    Ahmed Khalil
    Section Image
  • Tanya Craig

    Seller's Agent in 2022

    Tanya Craig

    Keller Williams GR East

    (616) 813-2946

    1 in this area

    172 Total Sales

    Tanya Craig
    Section Image
  • Cassandra Clark

    Buyer's Agent in 2022

    Cassandra Clark

    Keller Williams GR East

    (616) 633-5061

    1 in this area

    257 Total Sales

    Cassandra Clark
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24037018

Southwestern Michigan Association of REALTORS®

APN: 41-13-36-380-025

Michigan Kent County Grand Rapids 49503 Roosevelt Park

1021 Sheridan Ave SW, Grand Rapids, MI

This home is located at 1021 Sheridan Ave SW, Grand Rapids, MI 49503 since 30 July 2024 and is currently estimated at $222,393. This property was built in 1900. 1021 Sheridan Ave SW is a home located in Kent County with nearby schools including Cesar E. Chavez Elementary, Burton Middle School, and Union 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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