NOT LISTED FOR SALE

1050 Fountain St NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $337,233 - $425,000

-- Bed
-- Bath
-- Sq Ft
5,009 Sq Ft Lot

Last Sold September 03, 2019

Last sale price $255,000

Est. 51% increase in value since last sale

Current estimated payment $2,460/month

1 Day on Market

About This Home

As of September 2019

Great opportunity to own a fantastic 2 unit in the popular Midtown neighborhood. Great for owner occupied or strictly an investment property. Half a block away from the Fulton street farmers market and walking distance to other bars, coffee shops, restaurants and more. Each unit features 2 bedrooms, 1 bath. Lower unit's bathroom has been completed remodeled, new roof installed 2017 and a new furnace for the lower unit. All split utilities. Both units rented at $1200. Upper unit currently rented until the end of August. Lower unit end of July. Schedule your private showing today.

Last Agent to Sell the Property

Josh May

RE/MAX of Grand Rapids (FH) License #6501301200 Listed on: 07/24/2019

RE/MAX of Grand Rapids (FH)

Co-Listed By

Ross Bacon

RE/MAX of Grand Rapids (FH) License #6501381489

Last Buyer's Agent

Jeff Czubak

Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6501406662

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,010

Year Built

  • Built in 1925

Lot Details

  • 5,009 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding
  • Shingle Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,010

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding, Shingle Siding
  • List Price: 240000.0
  • Lot Features: Sidewalk, Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5009.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4010.03
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2019
Closed on
Sep 3, 2019
Sold by
Maslanka Dona
Bought by
Zahrt Austin
Seller's Agent
Josh May
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Jeff Czubak
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$240,000
Sold Price
$255,000
Premium/Discount to List
$15,000
6.25%
Current Estimated Value
$383,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,808
Avg. Annual Appreciation
6.16%
Original Mortgage
$250,381
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 12, 2017
Closed on
May 26, 2017
Sold by
Tofferi Todd E
Bought by
Maslanka Dona
Seller's Agent
Stephanie Hurwitz
Keller Williams GR East
Buyer's Agent
Ross Bacon
RE/MAX of Grand Rapids (FH)
List Price
$180,000
Sold Price
$195,000
Premium/Discount to List
$15,000
8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.54%
Original Mortgage
$144,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2013
Sold by
Crowder Melissa R and Tofferi Melissa R
Bought by
Tofferi Todd E

Purchase Details

Closed on
May 10, 1996
Sold by
Saenz Saenz R R and Saenz Warners G
Bought by
Tofferi Warners G and Tofferi Todd E

Purchase Details

Closed on
Jan 13, 1992
Sold by
Mccrthy Mccrthy E E and Mccrthy Mccarthy T
Bought by
Tofferi Todd E

Purchase Details

Closed on
Mar 27, 1987
Bought by
Tofferi Todd E

Purchase Details

Closed on
Dec 12, 1986
Bought by
Tofferi Todd E

Purchase Details

Closed on
Dec 11, 1986
Bought by
Tofferi Todd E

Purchase Details

Closed on
Oct 9, 1986
Bought by
Tofferi Todd E

Purchase Details

Closed on
Aug 20, 1984
Bought by
Tofferi Todd E

Purchase Details

Closed on
Feb 25, 1981
Bought by
Tofferi Todd E
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
Zahrt Austin $255,000 First American Title Ins Co
Maslanka Dona $195,000 Grand Rapids Title Co Llc
Tofferi Todd E -- None Available
Tofferi Warners G $54,500 --
Tofferi Todd E -- --
Tofferi Todd E $100 --
Tofferi Todd E $47,000 --
Tofferi Todd E $47,000 --
Tofferi Todd E $16,000 --
Tofferi Todd E $37,500 --
Tofferi Todd E $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zahrt Austin $53,800
Open Zahrt Austin $257,427
Closed Zahrt Austin $250,381
Previous Owner Maslanka Dona $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2019 09/03/19 Sold $255,000 +6.3% --
07/25/2019 07/25/19 Pending -- -- --
07/24/2019 07/24/19 For Sale $240,000 +23.1% --
05/26/2017 05/26/17 Sold $195,000 +8.3% --
04/17/2017 04/17/17 Pending -- -- --
04/12/2017 04/12/17 For Sale $180,000 -- --
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 $4,090 $144,600 $0 $0
2024 $4,090 $135,100 $0 $0
2023 $4,093 $124,600 $0 $0
2022 $3,888 $110,500 $0 $0
2021 $3,793 $98,200 $0 $0
2020 $3,651 $86,800 $0 $0
2019 $4,137 $79,600 $0 $0
2018 $4,010 $75,700 $0 $0
2017 $1,898 $66,900 $0 $0
2016 $1,912 $55,000 $0 $0
2015 $2,195 $55,000 $0 $0
2013 -- $41,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Josh May

    Seller's Agent in 2019

    Josh May

    RE/MAX Michigan

    (616) 318-0924

    5 in this area

    318 Total Sales

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  • Ross Bacon

    Seller Co-Listing Agent in 2019

    Ross Bacon

    RE/MAX Michigan

    (616) 957-0700

    4 in this area

    128 Total Sales

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  • Jeff Czubak

    Buyer's Agent in 2019

    Jeff Czubak

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 632-4207

    165 Total Sales

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  • S

    Seller's Agent in 2017

    Stephanie Hurwitz

    Keller Williams GR East

    (616) 443-9559

    58 Total Sales

    Section Image
  • Michele Brown

    Seller Co-Listing Agent in 2017

    Michele Brown

    Keller Williams GR East

    (616) 575-0118

    49 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19034840

Southwestern Michigan Association of REALTORS®

APN: 41-14-29-180-018

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

1050 Fountain St NE, Grand Rapids, MI

This home is located at 1050 Fountain St NE, Grand Rapids, MI 49503 since 24 July 2019 and is currently estimated at $383,808. This property was built in 1925. 1050 Fountain St NE is a home located in Kent County with nearby schools including Congress Elementary, 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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