NOT LISTED FOR SALE

1051 Sherman St SE Grand Rapids, MI 49506

Baxter Neighborhood

Estimated Value: $227,071 - $252,000

5 Beds
2 Baths
-- Sq Ft
3,840 Sq Ft Lot

Last Sold May 30, 2017

Last sale price $132,000

Est. 82% increase in value since last sale

Current estimated payment $1,625/month

1 Day on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • 2-minute walk to Joe Taylor Park

About This Home

As of May 2017

Great rental property. Both units rented. Section 8 approved and city certified. New carpeting throughout.

Last Listed By

Grace Suchowian

Platinum Realty Lake Michigan License #6502362194 Listed on: 05/09/2017

Platinum Realty Lake Michigan

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,290

Year Built

  • Built in 1890

Lot Details

  • 3,840 Sq Ft Lot
  • Lot Dimensions are 60 x 64

Home Design

  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

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

$1,290

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

Exterior Features

  • List Price: 129900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 3840.0
  • Zoning Description: Res2Multifamily
  • 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: 1290.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2020
Sold by
Henry Bryan
Bought by
Vaidyanathan Sri Family Trust
Total Days on Market
1
Current Estimated Value
$240,268

Purchase Details

Listed on
May 9, 2017
Closed on
May 30, 2017
Sold by
Suchowian Grazyna
Bought by
Henry Bryan
Seller's Agent
Grace Suchowian
Platinum Realty Lake Michigan
Buyer's Agent
Michael Smallegan
Berkshire Hathaway HomeServices Michigan Real Estate
List Price
$129,900
Sold Price
$132,000
Premium/Discount to List
$2,100
1.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.84%
Original Mortgage
$99,000
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 18, 2012
Sold by
Parrish Kenneth D
Bought by
Suchowian Grazyna

Purchase Details

Closed on
May 22, 2009
Sold by
Wells Fargo Bank Na
Bought by
Mar Partners 1

Purchase Details

Closed on
Oct 15, 2008
Sold by
Washington Duane E
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 24, 2007
Sold by
Advanced Realty Systems Llc
Bought by
Washington Duane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
9.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2005
Sold by
Advanced Realty Systems Llc
Bought by
Mcdaniel Terry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6.13%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 30, 2005
Sold by
Hud
Bought by
Advanced Realty Systems Llc

Purchase Details

Closed on
Jan 25, 2005
Sold by
Chase Manhattan Mortgage Corp
Bought by
Hud

Purchase Details

Closed on
Aug 11, 2004
Sold by
Salgado Guillermo and Moralez Joann
Bought by
Chase Manhattan Mortgage Corp

Purchase Details

Closed on
Jun 18, 1999
Sold by
Scott Chrstphr C and Scott Inv
Bought by
Scott Inv and Suchowian Grazyna

Purchase Details

Closed on
Nov 4, 1998
Bought by
Mca Pr and Suchowian Grazyna

Purchase Details

Closed on
Jul 17, 1998

Purchase Details

Closed on
Jun 2, 1998
Bought by
Suchowian Chrstphr and Suchowian Grazyna

Purchase Details

Closed on
Dec 29, 1997

Purchase Details

Closed on
Sep 26, 1997

Purchase Details

Closed on
Oct 16, 1996
Bought by
Suchowian Ladewig J and Suchowian Grazyna

Purchase Details

Closed on
Sep 20, 1995
Bought by
Mort Corp and Suchowian Grazyna

Purchase Details

Closed on
Jun 22, 1995
Bought by
Mtg Corp and Suchowian Grazyna

Purchase Details

Closed on
Jun 21, 1995
Bought by
Mtg Corp and Suchowian Grazyna

Purchase Details

Closed on
Mar 23, 1995
Bought by
Ppag Inc and Suchowian Grazyna

Purchase Details

Closed on
Feb 17, 1995
Bought by
Ppag Inc and Suchowian Grazyna

Purchase Details

Closed on
Jan 31, 1995
Sold by
Champlin Champlin R R and Champlin Provost M
Bought by
Suchowian Provost M and Suchowian Grazyna

Purchase Details

Closed on
Aug 12, 1986

Purchase Details

Closed on
Nov 12, 1985

Purchase Details

Closed on
Oct 4, 1985

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
Vaidyanathan Sri Family Trust $163,000 On Time Title Agency Llc
Henry Bryan $132,000 Sun Title Agency Of Michigan
Suchowian Grazyna $3,900 None Available
Mar Partners 1 -- None Available
Wells Fargo Bank Na $54,825 None Available
Washington Duane E $120,000 None Available
Mcdaniel Terry -- --
Advanced Realty Systems Llc $63,250 --
Hud -- --
Chase Manhattan Mortgage Corp $73,402 --
Scott Inv $1,000 --
Mca Pr -- --
-- -- --
Suchowian Chrstphr $17,000 --
-- -- --
-- -- --
Suchowian Ladewig J $27,500 --
Mort Corp -- --
Mtg Corp $22,800 --
Mtg Corp -- --
Ppag Inc -- --
Ppag Inc -- --
Suchowian Provost M -- --
-- $4,000 --
-- $3,000 --
-- $1,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Henry Bryan $99,000
Previous Owner Washington Duane E $114,000
Previous Owner Advanced Realty Systems Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2017 05/30/17 Sold $132,000 +1.6% --
05/10/2017 05/10/17 Pending -- -- --
05/09/2017 05/09/17 For Sale $129,900 -- --
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 $3,517 $93,800 $0 $0
2023 $3,362 $82,900 $0 $0
2022 $3,316 $68,800 $0 $0
2021 $124 $61,900 $0 $0
2020 $1,943 $52,400 $0 $0
2019 $1,989 $43,100 $0 $0
2018 $1,928 $36,400 $0 $0
2017 $1,447 $30,600 $0 $0
2016 $1,454 $27,100 $0 $0
2015 $1,962 $27,100 $0 $0
2013 -- $30,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2017

    Grace Suchowian

    Platinum Realty Lake Michigan

    (616) 293-9957

    21 Total Sales

    Grace Suchowian
    Section Image

  • M

    Buyer's Agent in 2017

    Michael Smallegan

    Berkshire Hathaway HomeServices Michigan Real Estate

  • T

    Buyer Co-Listing Agent in 2017

    Taryn Slaughter

    Berkshire Hathaway HomeServices Michigan Real Estate

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17021131

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-133-017

Michigan Kent County Grand Rapids 49506 Baxter

1051 Sherman St SE, Grand Rapids, MI

Homes for Sale in Grand Rapids, MI

This home is located at 1051 Sherman St SE, Grand Rapids, MI 49506 since 09 May 2017 and is currently estimated at $240,268. This property was built in 1890. 1051 Sherman St SE is a home located in Kent County with nearby schools including Martin Luther King Leadership Academy, 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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