NOT LISTED FOR SALE

1043 Bridge St NW Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $245,606 - $296,000

-- Bed
-- Bath
-- Sq Ft
4,400 Sq Ft Lot

Last Sold May 20, 2016

Last sale price $105,000

Est. 160% increase in value since last sale

Current estimated payment $1,705/month

3 Days on Market

About This Home

As of May 2016

Nice 2 unit near Lincoln Park. Upper unit is a 2 bedroom 1 bath. Lower unit is a 3 bedroom one bath. Off street parking available. Nice location and rents could be higher.

Last Agent to Sell the Property

Joshua Heyboer

Keller Williams GR East Listed on: 04/05/2016

Keller Williams GR East

Last Buyer's Agent

Chelsea Roelofs

Bluebow Realty LLC License #6506045645

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,441

Year Built

  • Built in 1895

Lot Details

  • 4,400 Sq Ft Lot
  • Lot Dimensions are 40x110

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Michigan Basement

Parking

  • 3 Parking Spaces
  • Unpaved Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $877
  • Maintenance Expense $893
  • Manager Expense $649
  • Utility Expense $805
  • Operating Expense $4,740
  • Gross Income $15,900
  • Net Operating Income $10,365

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,441

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1895
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40x110
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1441.0
  • Tax Info:Zoning3: NA
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • List Price: 104900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4400.0
  • Zoning Description: NA
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 15900.0
  • Insurance Expense: 877.0
  • Maintenance Expense: 893.0
  • Manager Expense: 649.0
  • Net Operating Income: 10365.0
  • Number of Units Total: 2
  • Operating Expense: 4740.0

Tax Info

  • Tax Annual Amount: 1441.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2017
Sold by
Spenber Loren
Bought by
2017 Loren Sperber Revocable Trust
Current Estimated Value
$273,152

Purchase Details

Listed on
Apr 5, 2016
Closed on
May 20, 2016
Sold by
Pot Belly Llc
Bought by
Sperber Loren
Seller's Agent
Joshua Heyboer
Keller Williams GR East
Buyer's Agent
Chelsea Roelofs
Bluebow Realty LLC
List Price
$104,900
Sold Price
$105,000
Premium/Discount to List
$100
0.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.26%
Original Mortgage
$78,750
Outstanding Balance
$64,737
Interest Rate
3.59%
Mortgage Type
New Conventional
Estimated Equity
$193,308

Purchase Details

Closed on
Mar 8, 2011
Sold by
Zak Heather L
Bought by
Pot Belly Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
4.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2007
Sold by
Ly Heather T
Bought by
Pot Belly Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,050
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 15, 2006
Sold by
Zylman Michael J and Zylman Lynn
Bought by
Jp Morgan Chase Bank and The Chase Manhattan Bank

Purchase Details

Closed on
Jul 23, 2003
Sold by
Buikema David and Buikema Gloria
Bought by
Zylman Michael J and Zylman Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,175
Interest Rate
5.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 1986

Purchase Details

Closed on
Jul 6, 1986

Purchase Details

Closed on
Jul 5, 1986
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
2017 Loren Sperber Revocable Trust -- None Available
Sperber Loren $105,000 Grand Rapids Title Co Llc
Pot Belly Llc -- None Available
Zak Heather L -- Midstate Title Agency Llc
Pot Belly Llc -- None Available
Jp Morgan Chase Bank $106,002 None Available
Zylman Michael J $106,500 --
Buikema David $53,100 --
-- $16,000 --
-- $11,900 --
-- $11,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sperber Loren $78,750
Previous Owner Zak Heather L $51,000
Previous Owner Ly Heather $53,050
Previous Owner Zylman Michael J $101,175
Previous Owner Buikema David W $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2016 05/20/16 Sold $105,000 +0.1% --
04/08/2016 04/08/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $104,900 -- --
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 $2,351 $128,600 $0 $0
2024 $2,351 $112,500 $0 $0
2023 $2,332 $100,900 $0 $0
2022 $2,216 $83,600 $0 $0
2021 $2,159 $72,200 $0 $0
2020 $2,087 $63,400 $0 $0
2019 $2,137 $49,800 $0 $0
2018 $3,427 $41,400 $0 $0
2017 $2,021 $34,600 $0 $0
2016 $1,512 $31,200 $0 $0
2015 $1,441 $31,200 $0 $0
2013 -- $27,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joshua Heyboer

    Seller's Agent in 2016

    Joshua Heyboer

    Keller Williams GR East

    (616) 446-4067

    3 in this area

    140 Total Sales

    Section Image

  • C

    Buyer's Agent in 2016

    Chelsea Roelofs

    Bluebow Realty LLC

    (616) 446-0041

    2 in this area

    52 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16014426

Southwestern Michigan Association of REALTORS®

APN: 41-13-23-458-030

Michigan Kent County Grand Rapids 49504 West Grand

1043 Bridge St NW, Grand Rapids, MI

This home is located at 1043 Bridge St NW, Grand Rapids, MI 49504 since 05 April 2016 and is currently estimated at $273,152. This property was built in 1895. 1043 Bridge St NW is a home located in Kent County with nearby schools including Sibley School, Westwood Middle School, and Union 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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