$130,000
SOLD MAR 14, 2025

1027 Adams St SE Grand Rapids, MI 49507

South East End Neighborhood
-- Bed
-- Bath
-- Sq Ft
6,970 Sq Ft Lot

Recently Sold

24% Below List Price

15 Days on Market

About This Home

As of March 2025

The bottom floor offers 3 spacious bedrooms and 1 full bathroom. The unfinished top floor provides the opportunity to expand from 1 to 2 additional units. This is ideal for investors looking to maximize rental income or for homeowners interested in creating additional living space. A convenient 2 stall garage adds to the property's appeal, providing secure parking and additional storage space. Situated in a vibrant neighborhood of Grand Rapids, this property is close to local amenities, schools, and parks, offering both convenience and community.

Last Agent to Sell the Property

Justine Hooper

Amplified Real Estate License #6502432141 Listed on: 02/11/2025

Last Buyer's Agent

Shelley Terrell

Childress & Associates Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,740

Year Built

  • Built in 1890

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x135

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,740

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: 50x135
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1740.0
  • Tax Info:Zoning3: TN-LDR
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Michigan Basement: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 150000.0
  • Number of Buildings: 1
  • 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

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Dimensions: 50x135
  • Lot Size Sq Ft: 6970.0
  • Zoning Description: TN-LDR
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1740.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2025
Closed on
Mar 14, 2025
Sold by
Gracia Austin
Bought by
Terrell Shelley
Seller's Agent
Justine Hooper
Amplified Real Estate
Buyer's Agent
Shelley Terrell
Childress & Associates Realty
List Price
$170,000
Sold Price
$130,000
Premium/Discount to List
-$40,000
-23.53%
Views
76
Current Estimated Value
$184,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,999
Avg. Annual Appreciation
92.20%
Original Mortgage
$135,000
Outstanding Balance
$134,312
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$50,687

Purchase Details

Listed on
May 2, 2017
Closed on
Aug 10, 2017
Sold by
Smith Deloris
Bought by
Gracia Austin
Seller's Agent
Antonio Holbrook
Clarity Realty LLC
Buyer's Agent
Justine Hooper
Bellabay Realty LLC
List Price
$74,900
Sold Price
$69,900
Premium/Discount to List
-$5,000
-6.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.51%
Original Mortgage
$59,415
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2015
Sold by
Smith Deloris and Estate Of Latham Smith
Bought by
Smith Deloris

Purchase Details

Closed on
Aug 7, 2014
Sold by
Taylor George M and Taylor Rosetta
Bought by
Smith Deloris and Estate Of Latham Smith

Purchase Details

Closed on
Oct 19, 1994
Sold by
Taylor Taylor G G and Taylor Smith L
Bought by
Smith Latham Hollis

Purchase Details

Closed on
Nov 23, 1993
Sold by
Taylor Taylor A A and Taylor G
Bought by
Smith Latham Hollis

Purchase Details

Closed on
Sep 17, 1993
Sold by
Taylor Taylor G G and Taylor A
Bought by
Smith Latham Hollis

Purchase Details

Closed on
Nov 14, 1988
Bought by
Smith Latham Hollis

Purchase Details

Closed on
Nov 26, 1975
Sold by
Schipper Schipper M M and Schipper Taylor G
Bought by
Smith Latham Hollis
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 Type Sale Price Title Company
Warranty Deed $130,000 Sun Title
Warranty Deed $69,900 None Available
Interfamily Deed Transfer -- Attorney
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed $100 --
Quit Claim Deed $100 --
Warranty Deed $11,500 --
Deed $11,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $135,000 New Conventional
Previous Owner $59,415 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/14/2025 03/14/25 Sold $130,000 -13.3% --
02/26/2025 02/26/25 Pending -- -- --
02/23/2025 02/23/25 Price Changed $150,000 -6.3% --
02/18/2025 02/18/25 Price Changed $160,000 -5.9% --
02/11/2025 02/11/25 For Sale $170,000 +143.2% --
08/10/2017 08/10/17 Sold $69,900 -6.7% -- View Prior Sale
06/07/2017 06/07/17 Pending -- -- --
05/02/2017 05/02/17 For Sale $74,900 -- --
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 $1,740 $91,300 $0 $0
2024 $1,740 $85,300 $0 $0
2023 $1,741 $75,200 $0 $0
2022 $1,654 $63,000 $0 $0
2021 $1,614 $57,000 $0 $0
2020 $1,553 $48,500 $0 $0
2019 $1,605 $40,900 $0 $0
2018 $1,553 $35,400 $0 $0
2017 $1,409 $29,900 $0 $0
2016 $1,416 $28,200 $0 $0
2015 $1,349 $28,200 $0 $0
2013 -- $27,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Justine Hooper

    Amplified Real Estate

    (269) 509-2254

    1 in this area

    112 Total Sales

    Justine Hooper
    Section Image

  • S

    Buyer's Agent in 2025

    Shelley Terrell

    Childress & Associates Realty

    (616) 647-7012

    4 in this area

    19 Total Sales

    Shelley Terrell
    Section Image

  • A

    Seller's Agent in 2017

    Antonio Holbrook

    Clarity Realty LLC

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 25004957

Southwestern Michigan Association of REALTORS®

APN: 41-18-05-131-009

Michigan Kent County Grand Rapids 49507 South East End

1027 Adams St SE, Grand Rapids, MI

This home is located at 1027 Adams St SE, Grand Rapids, MI 49507 and is currently priced at $130,000. This property was built in 1890. 1027 Adams St SE is a home located in Kent County with nearby schools including Mulick Park 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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