NOT LISTED FOR SALE

1048 Bridge St NW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $229,000 - $274,000

-- Bed
-- Bath
-- Sq Ft
3,744 Sq Ft Lot

Last Sold October 15, 2015

Last sale price $72,500

Est. 240% increase in value since last sale

Current estimated payment $1,549/month

38 Days on Market

About This Home

As of October 2015

Great opportunity for owner occupant to have their mortgage paid by tenant OR a real money maker with almost no vacancy. City of GR Code Compliant 2-unit. Walking distance to all the new development on Bridge St. and West side. Close to downtown and Grand Valley State University. Spacious 2-bedroom lower with large 4-season room in front and cute yard in back. Huge living room and formal dining room, kitchen/w eating area, master bedroom and bathroom. Smaller second bedroom. Washer/dryer hook-up, off-street parking and shed. Long-term tenant in 1-bedroom apt upstairs w/separate entrance. Separate utilities.

Last Agent to Sell the Property

Dawn Longcore

Clarity Realty LLC License #6501320081 Listed on: 08/30/2015

Clarity Realty LLC

Last Buyer's Agent

Dawn Longcore

Clarity Realty LLC License #6501320081 Listed on: 08/30/2015

Clarity Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,543

Year Built

  • Built in 1885

Lot Details

  • 3,744 Sq Ft Lot
  • Lot Dimensions are 36'x104'

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Rubber Roof
  • Vinyl Siding

Basement

  • Michigan Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Insurance Expense $755
  • Maintenance Expense $500
  • Utility Expense $2,400
  • Operating Expense $5,155
  • Gross Income $15,250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,543

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 36'x104'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1543.0
  • Tax Info:Zoning3: 401-res-imp
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Heat Type:Wall Furnace: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Roofing:Rubber: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • List Price: 74900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Wall Furnace, Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3744.0
  • Zoning Description: 401-res-imp
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 15250.0
  • Insurance Expense: 755.0
  • Maintenance Expense: 500.0
  • Number of Units Total: 2
  • Operating Expense: 5155.0

Tax Info

  • Tax Annual Amount: 1543.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2021
Sold by
Iccf Homes 2 Llc
Bought by
Iccf Homes Llc
Current Estimated Value
$246,677

Purchase Details

Closed on
Sep 1, 2021
Sold by
Iccf Homes 2 Llc
Bought by
Iccf Homes Llc

Purchase Details

Closed on
Oct 10, 2018
Sold by
Bridge St House Of Prayer
Bought by
Jccf Homes 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 30, 2015
Closed on
Oct 14, 2015
Sold by
1048 Bridge Llc
Bought by
Bridge Street House Of Prayer
Seller's Agent
Dawn Longcore
Clarity Realty LLC
Buyer's Agent
Dawn Longcore
Clarity Realty LLC
List Price
$79,900
Sold Price
$72,500
Premium/Discount to List
-$7,400
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.37%

Purchase Details

Closed on
Aug 8, 2014
Sold by
Longcore Thomas C and Longcore Dawn R
Bought by
1048 Bridge Llc

Purchase Details

Closed on
Aug 5, 2004
Sold by
Launiere Amy and Giem Amy Frances
Bought by
Longcore Thomas C and Longcore Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2004
Sold by
Giem Bryan David
Bought by
Giem Amy Frances

Purchase Details

Closed on
Mar 12, 2003
Sold by
Giem Bryan and Giem Amy
Bought by
Hazelgreen Properties Llc

Purchase Details

Closed on
Nov 13, 2002
Sold by
Meagher Kevin and Meagher Linda
Bought by
Giem Bryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,685
Interest Rate
6.22%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 27, 2000
Sold by
Stwrt Stwrt P P and Stwrt Meagher K
Bought by
Longcore Thomas C Dawn

Purchase Details

Closed on
May 24, 2000
Sold by
Stwrt Stwrt P P and Stwrt H
Bought by
Longcore Thomas C Dawn

Purchase Details

Closed on
Dec 3, 1999
Sold by
Versluis Versluis M M and Versluis Stewart
Bought by
Longcore Stewart and Longcore Thomas C Dawn

Purchase Details

Closed on
Jul 25, 1991
Sold by
Kuczynski Kuczynski A A and Kuczynski Versls M
Bought by
Longcore Thomas C Dawn

Purchase Details

Closed on
Mar 5, 1985

Purchase Details

Closed on
Jan 24, 1985
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
Iccf Homes Llc -- None Available
Iccf Homes Llc -- None Listed On Document
Jccf Homes 2 Llc -- First American Title
Bridge Street House Of Prayer $72,500 Best Home Title Agency
1048 Bridge Llc -- None Available
Longcore Thomas C $75,000 Metropolitan Title Company
Launiere Amy -- Metropolitan Title Company
Giem Amy Frances -- --
Hazelgreen Properties Llc -- --
Giem Bryan $62,830 --
Longcore Thomas C Dawn $53,100 --
Longcore Thomas C Dawn $53,100 --
Longcore Stewart $38,300 --
Longcore Thomas C Dawn $34,300 --
-- $9,000 --
-- $6,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Iccfo Homes 2 Llc $0
Previous Owner Longcore Thomas C $77,500
Previous Owner Longcore Thomas C $75,000
Previous Owner Giem Bryan $59,685
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2015 10/15/15 Sold $72,500 -9.3% --
10/07/2015 10/07/15 Pending -- -- --
08/30/2015 08/30/15 For Sale $79,900 -- --
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 $2,501 $102,900 $0 $0
2024 $2,501 $93,400 $0 $0
2023 $2,481 $83,600 $0 $0
2022 $2,358 $69,300 $0 $0
2021 $2,297 $61,700 $0 $0
2020 $2,220 $54,200 $0 $0
2019 $2,273 $42,600 $0 $0
2018 $1,615 $35,100 $0 $0
2017 $1,576 $29,600 $0 $0
2016 $1,768 $29,400 $0 $0
2015 $1,503 $29,400 $0 $0
2013 -- $25,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Dawn Longcore

    Clarity Realty LLC

    (616) 301-3330

    27 Total Sales

    Dawn Longcore
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15047030

Southwestern Michigan Association of REALTORS®

APN: 41-13-26-202-012

Michigan Kent County Grand Rapids 49504 SWAN

1048 Bridge St NW, Grand Rapids, MI

This home is located at 1048 Bridge St NW, Grand Rapids, MI 49504 since 30 August 2015 and is currently estimated at $246,677. This property was built in 1885. 1048 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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