Seller's Agent in 2021
Josh May
RE/MAX Michigan
(616) 318-0924
8 in this area
320 Total Sales
1030 Chester St SE Grand Rapids, MI 49506
East Hills Neighborhood
--
Bed
--
Bath
--
Sq Ft
4,792
Sq Ft Lot
Highlights
- 1 Fireplace
- 2 Car Garage
- Wood Siding
- Forced Air Heating System
About This Home
As of March 2021If you are looking for a 2 family city certified duplex in one of the most desirable rental areas in town then you will want to check out this property! This unit is selling at a 9% cap rate with a 10% management fee included. Yearly income total is $27,540. Upstairs unit is a 2 bedroom 1 bath and has been completely remodeled with a brand new kitchen, updated bathroom and hardwood floors. Upstairs unit rents for $1395 a month. Downstairs is a large 1 bedroom 1 bath with hardwood floors and gorgeous fireplace and rents for $900 a month. Some of the additional upgrades include new garage roof, 2 new furnaces, on site laundry facilities and separate utilities. Owner pays for water. Call to see today.
Last Agent to Sell the Property
Re/Max of Grand Rapids (Grandville) License #6501325437 Listed on: 05/13/2016
Co-Listed By
Michael Ledford
RE/MAX of Grand Rapids (FH) License #6501390899
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,876
Year Built
- Built in 1890
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40x120
Parking
- 2 Car Garage
Home Design
- Wood Siding
Interior Spaces
- 1 Fireplace
- Basement Fills Entire Space Under The House
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Phone Available
- Cable TV Available
Listing and Financial Details
- REO, home is currently bank or lender owned
- Tenant pays for electric, trash collection, gas
- The owner pays for water, sewer
Community Details
Overview
- 2 Units
Building Details
- Insurance Expense $1,133
- Manager Expense $2,754
- Utility Expense $500
- Operating Expense $6,843
- Gross Income $27,540
- Net Operating Income $20,697
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 21, 2020
Closed on
Mar 31, 2021
Sold by
Diponio Daniel T
Bought by
Annis Gerald Nicholas
Seller's Agent
Josh May
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Justin Blevins
Greenridge Realty (EGR)
List Price
$319,900
Sold Price
$307,000
Premium/Discount to List
-$12,900
-4.03%
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
$79,893
Avg. Annual Appreciation
4.05%
Original Mortgage
$230,250
Outstanding Balance
$208,595
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$158,388
Purchase Details
Listed on
May 13, 2016
Closed on
Jul 15, 2016
Sold by
Jl Equity Group Llc
Bought by
Diponio Daniel T
Seller's Agent
Lindsay VanDuinen-Scully
Re/Max of Grand Rapids (Grandville)
Buyer's Agent
Scott Bradford
RE/MAX of Grand Rapids (FH)
List Price
$224,900
Sold Price
$224,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$220,825
Interest Rate
3.25%
Mortgage Type
FHA
Purchase Details
Listed on
May 6, 2014
Closed on
Jun 6, 2014
Sold by
U S Bank Na
Bought by
Jl Equity Group Llc
Seller's Agent
Justin Howe
RE/MAX SunQuest Realty
Buyer's Agent
Justin Howe
RE/MAX SunQuest Realty
List Price
$77,500
Sold Price
$90,500
Premium/Discount to List
$13,000
16.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.58%
Original Mortgage
$150,000
Interest Rate
4.11%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Oct 30, 2013
Sold by
Us Bank National Association
Bought by
Us Bank National Association
Purchase Details
Closed on
Sep 18, 2013
Sold by
Rodibaugh Richard A
Bought by
Us Bank National Association
Purchase Details
Closed on
Jan 13, 2006
Sold by
Tanner Deborah S and Bissell Deborah S
Bought by
Rodibaugh Richard A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,400
Interest Rate
8.12%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jan 6, 1994
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 | $307,000 | First American Title Ins Co | |
| Warranty Deed | $224,900 | First American Title | |
| Deed | $90,500 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $73,517 | None Available | |
| Warranty Deed | $112,000 | None Available | |
| Warranty Deed | $49,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $230,250 | New Conventional | |
| Previous Owner | $220,825 | FHA | |
| Previous Owner | $78,400 | Fannie Mae Freddie Mac |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2021 03/31/21 | Sold | $307,000 | -4.0% | -- |
| 01/29/2021 01/29/21 | Pending | -- | -- | -- |
| 12/21/2020 12/21/20 | For Sale | $319,900 | +42.2% | -- |
| 07/15/2016 07/15/16 | Sold | $224,900 | 0.0% | -- |
| 05/31/2016 05/31/16 | Pending | -- | -- | -- |
| 05/13/2016 05/13/16 | For Sale | $224,900 | +148.5% | -- |
| 06/13/2014 06/13/14 | Sold | $90,500 | +16.8% | -- |
| 05/26/2014 05/26/14 | Pending | -- | -- | -- |
| 05/06/2014 05/06/14 | For Sale | $77,500 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $5,434 | $146,800 | $0 | $0 |
| 2024 | $5,434 | $131,800 | $0 | $0 |
| 2023 | $5,390 | $109,200 | $0 | $0 |
| 2022 | $5,123 | $98,800 | $0 | $0 |
| 2021 | $2,956 | $92,900 | $0 | $0 |
| 2020 | $2,845 | $89,000 | $0 | $0 |
| 2019 | $2,939 | $80,000 | $0 | $0 |
| 2018 | $2,845 | $74,700 | $0 | $0 |
| 2017 | $2,773 | $56,600 | $0 | $0 |
| 2016 | $2,913 | $54,300 | $0 | $0 |
| 2015 | $2,776 | $54,300 | $0 | $0 |
| 2013 | -- | $44,700 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Josh May
-
Scott Bradford
Seller Co-Listing Agent in 2021
Scott Bradford
RE/MAX Michigan
(616) 551-9735
3 in this area
168 Total Sales
-
J
Buyer's Agent in 2021
Justin Blevins
Greenridge Realty (EGR)
-
Lindsay VanDuinen-Scully
Seller's Agent in 2016
Lindsay VanDuinen-Scully
Re/Max of Grand Rapids (Grandville)
(616) 957-0700
5 in this area
411 Total Sales
-
M
Seller Co-Listing Agent in 2016
Michael Ledford
RE/MAX Michigan
-
Justin Howe
J
Seller's Agent in 2014
Justin Howe
RE/MAX Michigan
(616) 460-4789
20 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 16022871
APN: 41-14-29-377-005
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