NOT LISTED FOR SALE

1042 Jefferson Ave SE Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $217,000 - $241,150

-- Bed
2 Baths
-- Sq Ft
4,966 Sq Ft Lot

Last Sold May 12, 2023

Last sale price $205,000

Est. 13% increase in value since last sale

Current estimated payment $1,726/month

10 Days on Market

About This Home

As of May 2023

Calling all investors! Come take a look at this large 2 unit home with 3 bedrooms 1 bathroom each. New roof approx. 7 years ago. Unit 1 has a new furnace 3 years ago, updated cabinets, counter top, and floors. Unit 2 new furnace approx. 7 years ago, has newer floors. Both units are vacant so you can place your own tenants. Both units were previously rented for $1000.00 each with separate utilities.

Last Agent to Sell the Property

Tedros Fremichael

Grand River Realty License #6506048844 Listed on: 04/13/2023

Last Buyer's Agent

Abisai Munoz

City2Shore Real Estate (GR) License #6501407838

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,901

Year Built

  • Built in 1890

Lot Details

  • 4,966 Sq Ft Lot
  • Lot Dimensions are 40x124

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Basement

  • Michigan Basement

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,901

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Brick
  • List Price: 220000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4966.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1901.31
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 12, 2023
Sold by
Tekleab Kiflai
Bought by
Mora Gerardo Sanchez
Seller's Agent
Tedros Fremichael
Grand River Realty
Buyer's Agent
Abisai Munoz
City2Shore Real Estate (GR)
List Price
$220,000
Sold Price
$205,000
Premium/Discount to List
-$15,000
-6.82%
Total Days on Market
10
Views
14
Current Estimated Value
$231,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,538
Avg. Annual Appreciation
6.03%
Original Mortgage
$179,775
Outstanding Balance
$175,634
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$55,904

Purchase Details

Listed on
Nov 18, 2013
Closed on
Aug 26, 2014
Sold by
Evans Gerard
Bought by
Tekleab Kiflai
Seller's Agent
Robert Brown
Bellabay Realty LLC
Buyer's Agent
Robert Brown
Bellabay Realty LLC
List Price
$49,900
Sold Price
$49,000
Premium/Discount to List
-$900
-1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.93%

Purchase Details

Closed on
Aug 16, 2011
Sold by
Monterroso Vilma Calderon
Bought by
Evans Gerard

Purchase Details

Closed on
Dec 1, 2009
Sold by
Secretary Of Housing & Urban Development
Bought by
Monterroso Vilma Calderon

Purchase Details

Closed on
Aug 11, 2008
Sold by
Wells Fargo Bank Na
Bought by
Hud

Purchase Details

Closed on
Jul 9, 2008
Sold by
Jimenez Sanchez Jose
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 14, 2004
Sold by
Jones Donell R and Jones Stacey
Bought by
Jimenez Sanchez Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,884
Interest Rate
5.99%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 17, 1997
Sold by
Klinski Klinski T T and Klinski A
Bought by
Evans Jones D and Evans Gerard

Purchase Details

Closed on
Aug 30, 1996
Sold by
Klinske Klinske T T and Klinske T
Bought by
Evans Klinske T and Evans Gerard

Purchase Details

Closed on
Aug 6, 1996
Bought by
Evans Klinske T and Evans Gerard

Purchase Details

Closed on
Aug 3, 1995
Bought by
Evans Klinske T and Evans Gerard

Purchase Details

Closed on
Aug 30, 1993
Sold by
City Dnr and City Gr
Bought by
Evans Gerard

Purchase Details

Closed on
May 18, 1993

Purchase Details

Closed on
May 7, 1991

Purchase Details

Closed on
Jun 7, 1990
Sold by
Lc Lobbezoo F and Lc Inv
Bought by
Evans Gerard
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
Mora Gerardo Sanchez $211,500 None Listed On Document
Tekleab Kiflai $49,000 Essential Title Agency Llc
Evans Gerard $30,000 Essential Title Agency Llc
Monterroso Vilma Calderon $12,000 None Available
Hud -- None Available
Wells Fargo Bank Na $96,926 None Available
Jimenez Sanchez Jose $96,800 Prime Title Services Llc
Evans Jones D $64,000 --
Evans Klinske T -- --
Evans Klinske T -- --
Evans Klinske T $400 --
Evans Gerard -- --
-- -- --
-- -- --
Evans Gerard $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mora Gerardo Sanchez $179,775
Previous Owner Jimenez Sanchez Jose $95,884
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 Sold $205,000 -6.8% --
04/15/2023 04/15/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $220,000 0.0% --
04/07/2023 04/07/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $220,000 +349.0% --
09/09/2014 09/09/14 Sold $49,000 -1.8% --
08/28/2014 08/28/14 Pending -- -- --
11/18/2013 11/18/13 For Sale $49,900 -- --
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
2024 $5,166 $102,300 $0 $0
2023 $1,805 $91,500 $0 $0
2022 $1,780 $75,800 $0 $0
2021 $1,734 $68,400 $0 $0
2020 $1,676 $58,200 $0 $0
2019 $1,716 $48,600 $0 $0
2018 $1,664 $38,100 $0 $0
2017 $1,623 $31,900 $0 $0
2016 $1,631 $30,400 $0 $0
2015 $1,554 $30,400 $0 $0
2013 -- $29,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tedros Fremichael

    Grand River Realty

    (616) 821-8491

    1 in this area

    60 Total Sales

    Tedros Fremichael
    Section Image

  • A

    Buyer's Agent in 2023

    Abisai Munoz

    City2Shore Real Estate (GR)

    (616) 685-9742

    4 in this area

    194 Total Sales

    Abisai Munoz
    Section Image
  • Robert Brown

    Seller's Agent in 2014

    Robert Brown

    Bellabay Realty LLC

    (616) 871-1309

    4 in this area

    82 Total Sales

    Robert Brown
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23009857

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-376-010

Michigan Kent County Grand Rapids 49507 Southeast Community Association

1042 Jefferson Ave SE, Grand Rapids, MI

This home is located at 1042 Jefferson Ave SE, Grand Rapids, MI 49507 since 13 April 2023 and is currently estimated at $231,538. This property was built in 1890. 1042 Jefferson Ave SE 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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