NOT LISTED FOR SALE

1055 Broadway Ave NW Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $258,000 - $312,000

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold June 30, 2021

Last sale price $222,400

Est. 27% increase in value since last sale

Current estimated payment $1,816/month

4 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of June 2021

Look no further for a turnkey investment property on the booming West side corridor! This two unit is move-in ready. The main floor unit features 2 bedrooms with an updated kitchen and bathroom and access to a large basement that offers ample space for storage. The upstairs unit features 3 bedrooms with a recently updated bathroom and kitchen as well. The upstairs unit has access to a large attic space, that with a little love would be ideal for storage or possibly more living space. Easy to show. Any and all offers due on Sunday May 9th at 4pm.

Last Agent to Sell the Property

Steven Volkers

Steve Volkers Group - I Listed on: 05/05/2021

Last Buyer's Agent

Kyle Herp

Bellabay Realty (SW) License #6501380828

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,357

Year Built

  • Built in 1910

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 34 x 130

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • 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

  • The owner pays for trash collection, electricity, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,357

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: 34 x 130
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2357.2
  • Tax Info:Zoning3: residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 224900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 34 x 130
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2357.2
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2021
Closed on
Jul 16, 2021
Sold by
Baker Joshua
Bought by
Koumandarakis Kyron
Seller's Agent
Steven Volkers
Steve Volkers Group - I
Buyer's Agent
Kyle Herp
Bellabay Realty (SW)
List Price
$224,900
Sold Price
$222,400
Premium/Discount to List
-$2,500
-1.11%
Current Estimated Value
$282,342

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,942
Avg. Annual Appreciation
5.76%
Original Mortgage
$177,920
Outstanding Balance
$161,435
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$120,907

Purchase Details

Listed on
Nov 28, 2018
Closed on
Dec 19, 2018
Sold by
Osowski Lynn M
Bought by
Baker Joshua
Seller's Agent
Jamie Walker
Coldwell Banker Hoppough (Grn) - I
Buyer's Agent
Maria Kauffman
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$140,000
Sold Price
$147,000
Premium/Discount to List
$7,000
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.78%
Original Mortgage
$139,650
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2005
Sold by
Puczek Miroslaw and Purzek Katarzyna
Bought by
Osowski Lynn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 1997
Sold by
Matulis Est and Matulis Puczek M
Bought by
Puczek Miroslaw and Osowski Lynn M
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
Koumandarakis Kyron $222,400 First American Title Ins Co
Baker Joshua $147,000 Sun Title Agency Of Michigan
Osowski Lynn M $106,000 --
Puczek Miroslaw $52,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koumandarakis Kyron $177,920
Previous Owner Baker Joshua $139,650
Previous Owner Osowski Lynn M $106,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2021 06/30/21 Sold $222,400 -1.1% --
05/09/2021 05/09/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $224,900 +53.0% --
12/19/2018 12/19/18 Sold $147,000 +5.0% -- View Prior Sale
11/29/2018 11/29/18 Pending -- -- --
11/28/2018 11/28/18 For Sale $140,000 -- --
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 $3,751 $119,600 $0 $0
2024 $3,751 $109,400 $0 $0
2023 $3,754 $99,800 $0 $0
2022 $3,566 $83,400 $0 $0
2021 $2,338 $74,800 $0 $0
2020 $2,250 $66,000 $0 $0
2019 $1,176 $52,500 $0 $0
2018 $1,176 $43,000 $0 $0
2017 $1,146 $34,200 $0 $0
2016 $1,156 $30,900 $0 $0
2015 $1,087 $30,900 $0 $0
2013 -- $26,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Steven Volkers

    Steve Volkers Group - I

  • K

    Buyer's Agent in 2021

    Kyle Herp

    Bellabay Realty (SW)

    (616) 871-9200

    1 in this area

    54 Total Sales

    Kyle Herp
    Section Image

  • J

    Seller's Agent in 2018

    Jamie Walker

    Coldwell Banker Hoppough (Grn) - I

  • Maria Kauffman

    Buyer's Agent in 2018

    Maria Kauffman

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 498-9411

    4 in this area

    84 Total Sales

    Maria Kauffman
    Section Image
  • Steve Volkers

    Buyer Co-Listing Agent in 2018

    Steve Volkers

    Five Star Real Estate (M6)

    (616) 717-2179

    15 in this area

    179 Total Sales

    Steve Volkers
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21015472

Southwestern Michigan Association of REALTORS®

APN: 41-13-24-129-043

Michigan Kent County Grand Rapids 49504 West Grand

1055 Broadway Ave NW, Grand Rapids, MI

This home is located at 1055 Broadway Ave NW, Grand Rapids, MI 49504 since 05 May 2021 and is currently estimated at $282,342. This property was built in 1910. 1055 Broadway Ave NW is a home located in Kent County with nearby schools including Westwood Middle School, Union High School, and NexTech 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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