NOT LISTED FOR SALE

103 Peony St SW Grand Rapids, MI 49548

Estimated Value: $575,000 - $677,000

-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Last Sold June 24, 2024

Last sale price $620,000

Est. 1% increase in value since last sale

Current estimated payment $3,733/month

26 Days on Market

Highlights

  • Wetlands on Lot
  • 1 Fireplace
  • Forced Air Heating and Cooling System
  • East Kentwood High School Rated A-

About This Home

As of June 2024

Welcome to 103 Peony St, a unique townhouse styled 4-unit multi-family located in Byron Twp. Each updated private townhome apartment includes 2 bedrooms with a full bath upstairs, a large eat-in kitchen, living area, and 1/2 bath on the main level, and a private basement with full size washer and dryer. Each unit offers private front and back entrances, patios and off street parking. All 4 townhomes are currently leased through 09/30/2024. Tenants pay water, electric, and gas. Monthly rent revenue is $6,205. Owner covers lawncare, snowplowing, trash, and pays water for unit 107 only ($20. mo) Please use Showingtime. All units will be availble for inspections after accepted offer. SEE ADDITIONAL COMMENTS ... A complete upgrades and features sheet is available under "Documents". Monthly per unit rents are listed in the per unit information section , and on the features sheet. Reminder - this is a fully leased property. Please do not disturb tenants. Offers presented as received.

Property is located in Buck's Creek floodplain.

All units will be available for inspection after accepted offer.

Listing Agent is related to a member of 103 Peony LLC

Last Agent to Sell the Property

Mindy Cartwright

Greenridge Realty (EGR) License #6501427030 Listed on: 04/24/2024

Last Buyer's Agent

Sherri Keen

Weichert REALTORS Plat (Main) License #6506047819

Weichert REALTORS Plat (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,734

Year Built

  • Built in 1984

Lot Details

  • 0.28

Home Design

  • Composition Roof
  • Aluminum Siding
  • Concrete Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Laundry on lower level

Parking

  • 8 Parking Spaces
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Shared Water Meter
  • Cable TV Available

Additional Features

  • Wetlands on Lot
  • 0.28 Acre Lot

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,734

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1984
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: unknown
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4733.7
  • Tax Info:Zoning3: 401 Residential
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Wetland Area: Yes
  • Extras:Sep Water Meter: Yes
  • Laundry Features Lower Level: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Aluminum Siding, Concrete
  • List Price: 645000.0
  • Lot Features: Wetland Area
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Concrete: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Laundry Features: In Unit, Lower Level
  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Dimensions: unknown
  • Lot Size Sq Ft: 12240.0
  • Zoning Description: 401 Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4733.7
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2024
Closed on
Jun 24, 2024
Sold by
103 Peony Llc
Bought by
Battles Allen
Seller's Agent
Mindy Cartwright
Greenridge Realty (EGR)
Buyer's Agent
Sherri Keen
Weichert REALTORS Plat (Main)
List Price
$645,000
Sold Price
$620,000
Premium/Discount to List
-$25,000
-3.88%
Views
69
Current Estimated Value
$629,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,185
Avg. Annual Appreciation
1.37%
Original Mortgage
$432,000
Outstanding Balance
$428,005
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$201,180

Purchase Details

Listed on
Aug 2, 2022
Closed on
Sep 20, 2022
Sold by
Irfan Ehsen
Bought by
103 Peony Llc
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Mindy Cartwright
Greenridge Realty (EGR)
List Price
$459,900
Sold Price
$456,000
Premium/Discount to List
-$3,900
-0.85%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.07%
Original Mortgage
$342,000
Interest Rate
5.55%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 9, 2020
Closed on
Aug 28, 2020
Sold by
Jeremy Feenstra
Bought by
Irfan Ehsen
Seller's Agent
Ben Hoffman
LM Realty Group
Buyer's Agent
Allison Koetsier
Compass Realty Services
List Price
$349,900
Sold Price
$353,600
Premium/Discount to List
$3,700
1.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.21%
Original Mortgage
$265,200
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 2, 2017
Closed on
Dec 8, 2017
Sold by
Great Lakes Ira Llc
Bought by
Feenstra Jeremy
Seller's Agent
Mitchell Luban
United Realty Services LLC
Buyer's Agent
Jacob “Jake” Farr
Bellabay Realty LLC
List Price
$210,000
Sold Price
$221,000
Premium/Discount to List
$11,000
5.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.79%
Original Mortgage
$165,750
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2009
Sold by
Us Bank National Association
Bought by
Entrust Great Lakes Llc and Stephen R Whitteberry Ira #80812R

Purchase Details

Closed on
Aug 24, 2008
Sold by
Mueller Steve and Mueller Shelly
Bought by
U S Bank Na and Harborview 2005-3 Trust Fund

Purchase Details

Closed on
Jun 25, 2004
Sold by
Fannon Scott D and Fannon Brenda
Bought by
Mueller Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.39%
Mortgage Type
Commercial
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
Battles Allen $620,000 Chicago Title
103 Peony Llc -- --
Irfan Ehsen $353,600 Star Title
Irfan Ehsen $353,600 Star Title Agency Llc
Feenstra Jeremy -- Sun Title Agency Of Michigan
Entrust Great Lakes Llc $63,123 Attorneys Title Agency Llc
U S Bank Na $114,750 None Available
Mueller Steve $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Battles Allen $432,000
Previous Owner 103 Peony Llc $342,000
Previous Owner Irfan Ehsen $265,200
Previous Owner Feenstra Jeremy $165,750
Previous Owner Mueller Steve $192,000
Previous Owner Mueller Steve $192,000
Previous Owner Fannon Scott $190,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2024 06/24/24 Sold $620,000 -3.9% --
05/07/2024 05/07/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $645,000 0.0% --
04/16/2024 04/16/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $645,000 +41.4% --
09/20/2022 09/20/22 Sold $456,000 -0.8% --
08/09/2022 08/09/22 Pending -- -- --
08/02/2022 08/02/22 For Sale $459,900 0.0% --
07/22/2022 07/22/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $459,900 +30.1% --
09/01/2020 09/01/20 Sold $353,600 +1.1% --
07/12/2020 07/12/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $349,900 +58.3% --
12/11/2017 12/11/17 Sold $221,000 +5.2% --
11/03/2017 11/03/17 Pending -- -- --
11/02/2017 11/02/17 For Sale $210,000 -- --
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 $3,091 $131,500 $0 $0
2024 $3,091 $126,000 $0 $0
2023 $2,954 $101,600 $0 $0
2022 $3,090 $92,600 $0 $0
2021 $2,312 $79,300 $0 $0
2020 $1,984 $74,600 $0 $0
2019 $3,134 $66,100 $0 $0
2018 $3,321 $69,900 $15,000 $54,900
2017 $2,781 $60,000 $0 $0
2016 $2,706 $58,100 $0 $0
2015 $2,624 $58,100 $0 $0
2013 -- $59,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24017000

Southwestern Michigan Association of REALTORS®

APN: 41-21-01-228-010