NOT LISTED FOR SALE

1038 Madison Ave SE Unit 2 Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $180,000 - $227,000

-- Bed
-- Bath
-- Sq Ft
4,300 Sq Ft Lot

Last Sold April 12, 2022

Last sale price $150,000

Est. 30% increase in value since last sale

Current estimated payment $1,343/month

3 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • Wood Siding

About This Home

As of April 2022

This two unit is in good shape with the upper unit needing a bit of work.Current cert of Compliance expires 10/2027
Nice, well maintained bldg with front and back entrances. Lower unit has a mud-room.
Mechanicals appear newer. Some newer windows.
New water main from street to the house.
All Offers will be presented 02/17/22 @10 AM

Last Agent to Sell the Property

Tangee Pringle

DeBartolo Realty - I License #6501438253 Listed on: 02/14/2022

Co-Listed By

Anthony DeBartolo

DeBartolo Realty - I License #6502353236

Last Buyer's Agent

Noah Creager

Five Star Real Estate (Eastown)

Five Star Real Estate (Eastown)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $675

Year Built

  • Built in 1885

Lot Details

  • 4,300

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 4,300 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$675

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 149900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4300.0
  • Zoning Description: multi
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 675.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2022
Closed on
Apr 8, 2022
Sold by
James Loftus
Bought by
Growth Prince 941 Llc
Seller's Agent
Tangee Pringle
DeBartolo Realty - I
Buyer's Agent
Noah Creager
Five Star Real Estate (Eastown)
List Price
$149,900
Sold Price
$150,000
Premium/Discount to List
$100
0.07%
Current Estimated Value
$195,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,100
Avg. Annual Appreciation
7.07%

Purchase Details

Closed on
Nov 1, 2004
Sold by
Pulliam Melissa
Bought by
Loftus James

Purchase Details

Closed on
Mar 19, 2001
Sold by
Norman Arquilla Thompson
Bought by
Pulliam Clara

Purchase Details

Closed on
Jun 17, 1996
Bought by
Loftus Thompson A and Loftus James

Purchase Details

Closed on
Apr 3, 1995
Bought by
City Of Gr and Loftus James

Purchase Details

Closed on
Sep 13, 1994

Purchase Details

Closed on
Jun 13, 1994

Purchase Details

Closed on
Dec 29, 1992
Sold by
Hall Hall H H and Hall Thompson A
Bought by
Loftus James

Purchase Details

Closed on
May 5, 1992
Sold by
Hall Hall H H and Hall Dnr
Bought by
Loftus James
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 Buyer Sale Price Title Company
Growth Prince 941 Llc $150,000 None Listed On Document
Loftus James $47,000 Michigan Title Company
Pulliam Clara -- --
Loftus Thompson A -- --
City Of Gr -- --
-- -- --
-- -- --
Loftus James $1,000 --
Loftus James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loftus James $55,250
Previous Owner Loftus James $16,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2022 04/12/22 Sold $150,000 +0.1% --
02/17/2022 02/17/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $149,900 -- --
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 $3,195 $74,400 $0 $0
2024 $3,195 $68,200 $0 $0
2023 $3,081 $61,000 $0 $0
2022 $690 $50,900 $0 $0
2021 $672 $46,200 $0 $0
2020 $650 $39,700 $0 $0
2019 $665 $33,800 $0 $0
2018 $645 $28,200 $0 $0
2017 $629 $23,800 $0 $0
2016 $632 $21,200 $0 $0
2015 $602 $21,200 $0 $0
2013 -- $13,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Tangee Pringle

    DeBartolo Realty - I

    Section Image

  • A

    Seller Co-Listing Agent in 2022

    Anthony DeBartolo

    DeBartolo Realty - I

    Section Image

  • N

    Buyer's Agent in 2022

    Noah Creager

    Five Star Real Estate (Eastown)

    (616) 791-1500

    3 in this area

    5 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22004497

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-451-002

Michigan Kent County Grand Rapids 49507 Madison Area

1038 Madison Ave SE Unit 2, Grand Rapids, MI

This home is located at 1038 Madison Ave SE Unit 2, Grand Rapids, MI 49507 since 14 February 2022 and is currently estimated at $197,407. This property was built in 1885. 1038 Madison Ave SE Unit 2 is a home located in Kent County with nearby schools including Campus 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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