NOT LISTED FOR SALE

1054 Ionia Ave SW Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $230,000 - $443,912

-- Bed
-- Bath
-- Sq Ft
4,792 Sq Ft Lot

Last Sold January 24, 2024

Last sale price $395,000

Est. 8% decrease in value since last sale

Current estimated payment $2,245/month

128 Days on Market

About This Home

As of January 2024

Cash flowing all brick 4 unit with split utilities. All identical 2 bed/1 bath units in good condition. New roof and replacement windows. $4000/M in rent.

Last Agent to Sell the Property

Allison Koetsier

Compass Realty Services License #6502378425 Listed on: 11/13/2023

Compass Realty Services

Last Buyer's Agent

Neil DeMeester

Bellabay Realty (North) License #6502406029

Bellabay Realty (North)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,969

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 42x102

Parking

  • 3 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,969

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 42x102
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2969.0
  • Tax Info:Zoning3: Res Inc
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Extras:Sep Gas Meter: Yes
  • Utilities Attached Electricity Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 400000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

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

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 42x102
  • Lot Size Sq Ft: 4792.0
  • Zoning Description: Res Inc
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2969.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2023
Closed on
Jan 23, 2024
Sold by
Montoya Rafel
Bought by
Roberts Jonathan
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Neil DeMeester
Bellabay Realty (North)
List Price
$400,000
Sold Price
$395,000
Premium/Discount to List
-$5,000
-1.25%
Views
14
Current Estimated Value
$361,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$33,025
Avg. Annual Appreciation
-7.33%
Original Mortgage
$296,250
Outstanding Balance
$291,878
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$59,154

Purchase Details

Closed on
Jan 26, 2017
Sold by
Jonkhoff Scott and Jonkhoff Sheri
Bought by
Montoya Rafel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2006
Sold by
Rodriguez Javier and Rodriguez Estelle
Bought by
Peterman Roger and Jonkhoff Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2005
Sold by
Schmitz Karl and Schmitz Chellie Jo
Bought by
Rodriguez Javier and Rodriguez Estelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
5.68%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 8, 2004
Sold by
Austin Homes Llc
Bought by
Schmitz Karl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,850
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2002
Sold by
Finch Dennis and Finch Debra
Bought by
Austin Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 27, 2002
Sold by
Gwen Inc
Bought by
Finch Dennis and Finch Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2001
Sold by
Olsen Olie and Olsen Maria
Bought by
Morris William W

Purchase Details

Closed on
Mar 15, 1999
Sold by
Vnfw Vnfw B B and Vnfw R
Bought by
Olsen Olsen O and Olsen M

Purchase Details

Closed on
Nov 26, 1996
Sold by
Wierenga Wierenga C C and Wierenga Daniels G
Bought by
Peterman Vanfarowe and Peterman Roger Jonkhoff Scott

Purchase Details

Closed on
Nov 20, 1996
Bought by
Peterman Vanfarowe B and Peterman Roger Jonkhoff Scott

Purchase Details

Closed on
Apr 8, 1996
Bought by
Peterman Daniels G and Peterman Roger Jonkhoff Scott

Purchase Details

Closed on
Dec 5, 1994
Sold by
Wierenga Wierenga C C and Wierenga Schullo D
Bought by
Peterman Roger Jonkhoff Scott

Purchase Details

Closed on
Nov 14, 1994
Sold by
Jenks Jenks R R and Jenks Wierenga C
Bought by
Peterman Roger Jonkhoff Scott

Purchase Details

Closed on
Nov 19, 1993

Purchase Details

Closed on
Nov 21, 1991
Sold by
Meyering Meyering J J and Wierenga Meyering
Bought by
Peterman Roger Jonkhoff Scott

Purchase Details

Closed on
Oct 31, 1988

Purchase Details

Closed on
Mar 12, 1980
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
Roberts Jonathan $395,000 Sun Title
Montoya Rafel $135,000 None Available
Peterman Roger $135,000 None Available
Rodriguez Javier $130,000 Metropolitan Title Company
Schmitz Karl $126,500 Metropolitan Title Company
Austin Homes Llc -- --
Finch Dennis $120,000 Chicago Title Of Mi Inc
Gwen Inc $64,900 Chicago Title Of Mi Inc
Morris William W -- --
Olsen Olie -- --
Olsen Olsen O -- --
Peterman Vanfarowe $15,000 --
Peterman Vanfarowe B $16,000 --
Peterman Daniels G -- --
Peterman Roger Jonkhoff Scott -- --
Peterman Roger Jonkhoff Scott -- --
-- -- --
Peterman Roger Jonkhoff Scott -- --
-- $42,500 --
-- $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Jonathan $296,250
Previous Owner Montoya Rafel $1,900,000
Previous Owner Montoya Rafel $100,000
Previous Owner Peterman Roger $120,000
Previous Owner Rodriguez Javier $26,000
Previous Owner Rodriguez Javier $104,000
Previous Owner Schmitz Karl $113,850
Previous Owner Gwen Inc $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2024 01/24/24 Sold $395,000 -1.3% --
11/18/2023 11/18/23 Pending -- -- --
11/13/2023 11/13/23 For Sale $400,000 0.0% --
09/11/2023 09/11/23 Pending -- -- --
07/29/2023 07/29/23 For Sale $400,000 0.0% --
07/25/2023 07/25/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $400,000 -- --
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 $3,150 $125,600 $0 $0
2024 $3,150 $118,500 $0 $0
2023 $3,124 $102,800 $0 $0
2022 $2,970 $95,000 $0 $0
2021 $2,893 $81,600 $0 $0
2020 $2,797 $70,000 $0 $0
2019 $3,051 $60,000 $0 $0
2018 $2,776 $52,400 $0 $0
2017 $1,735 $38,900 $0 $0
2016 $1,744 $32,500 $0 $0
2015 $1,661 $32,500 $0 $0
2013 -- $32,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    5 in this area

    136 Total Sales

    Section Image

  • N

    Buyer's Agent in 2024

    Neil DeMeester

    Bellabay Realty (North)

    Section Image
  • Angela Worth

    Buyer Co-Listing Agent in 2024

    Angela Worth

    Bellabay Realty (North)

    (616) 299-3953

    3 in this area

    175 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23024690

Southwestern Michigan Association of REALTORS®

APN: 41-13-36-478-006

Michigan Kent County Grand Rapids 49507 Southeast Community Association

1054 Ionia Ave SW, Grand Rapids, MI

This home is located at 1054 Ionia Ave SW, Grand Rapids, MI 49507 since 13 November 2023 and is currently estimated at $310,478. This property was built in 1910. 1054 Ionia Ave SW is a home located in Kent County with nearby schools including Southwest Community Campus School, Burton 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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