NOT LISTED FOR SALE

1075 Lafayette Ave SE Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $132,000 - $456,774

8 Beds
5 Baths
-- Sq Ft
0.25 Acres

Last Sold October 16, 2019

Last sale price $231,000

Est. 30% increase in value since last sale

Current estimated payment $2,066/month

5 Days on Market

About This Home

As of October 2019

Investors who want to see their portfolio escalate or owner occupants who want to increase their own net worth ... This two unit multi-family with 4 bedrooms and two baths and over 1600 sq ft per unit could be just what you're looking for. Full basement is plumbed and has egress to futher expand your pocketbook. Need even more? This property has a strong potential to be split / build to really get your investment cooking. All units are leased month to month.
Unit # 1 $1,500. utilities included. Unit #2 $1,150 utilities paid by tenant Tenants right exist. Please do not disturb the tenants.
Showings will be by appointment only Tuesdays and Thursdays between 12-2 pm
*** Multiple offers have been submitted Seller will review all offers after 5 pm Tuesday October 1st 2019.***

Last Agent to Sell the Property

Charles Laufer

Five Star Real Estate (Ada) License #6506047793 Listed on: 09/26/2019

Last Buyer's Agent

Kayla Tucker

Keller Williams Realty Rivertown License #6501390057

Keller Williams Realty Rivertown

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,802

Year Built

  • Built in 2003

Lot Details

  • 0.25 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • 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

Apartment

Est. Annual Taxes

$4,802

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 209900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Sq Ft: 10737.0
  • Zoning Description: Res Multi famil
  • 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: 4802.45
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2019
Closed on
Oct 16, 2019
Sold by
En Gedi Properties Llc
Bought by
Youth Housing
Seller's Agent
Charles Laufer
Five Star Real Estate (Ada)
Buyer's Agent
Kayla Tucker
Keller Williams Realty Rivertown
List Price
$209,900
Sold Price
$231,000
Premium/Discount to List
$21,100
10.05%
Current Estimated Value
$300,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,194
Avg. Annual Appreciation
6.98%
Original Mortgage
$231,081
Outstanding Balance
$204,994
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$139,177

Purchase Details

Closed on
Jun 28, 2018
Sold by
Ernie Llc
Bought by
En Gedi Properties Llc

Purchase Details

Closed on
Dec 17, 2013
Sold by
Devries Fred and Devries Elizabeth
Bought by
Ernie Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,875
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 26, 2013
Sold by
Gr Metro Properties Llc
Bought by
Devries Fred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,875
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2009
Sold by
Trott & Trott Pc
Bought by
Gr Metro Properties Llc

Purchase Details

Closed on
Jun 23, 2008
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 18, 2008
Sold by
Perry Darlene
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jul 6, 2007
Sold by
Tebben Kent M and Tebben Kathleen
Bought by
Perry Darlene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2006
Sold by
Lasalle Bank Na
Bought by
Tebben Kent M

Purchase Details

Closed on
Jan 3, 2006
Sold by
Mortgage Electronic Registration Systems
Bought by
Lasalle Bank Na and Structured Asset Investment Loan Trust S

Purchase Details

Closed on
Dec 14, 2005
Sold by
Pichardo Fernando
Bought by
Mortgage Electronic Registration Systems
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
Youth Housing $231,000 Pathway Title Agency Llc
En Gedi Properties Llc -- None Available
Ernie Llc -- None Available
Devries Fred $82,500 First American Title Ins Co
Gr Metro Properties Llc $57,000 Warranty Title Agency Llc
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $211,745 None Available
Perry Darlene $220,000 None Available
Tebben Kent M $117,900 None Available
Lasalle Bank Na -- None Available
Mortgage Electronic Registration Systems $172,209 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 311 Youth Housing $231,081
Previous Owner Devries Fred $61,875
Previous Owner Perry Darlene $198,000
Previous Owner Pichardo Fernando $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2019 10/16/19 Sold $231,000 +10.1% --
10/01/2019 10/01/19 Pending -- -- --
09/26/2019 09/26/19 For Sale $209,900 -- --
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 $5,601 $0 $0 $0
2024 $5,601 $0 $0 $0
2022 $0 $0 $0 $0
2021 $0 $91,800 $0 $0
2020 $5,601 $109,500 $0 $0
2019 $4,899 $91,800 $0 $0
2018 $2,321 $75,100 $0 $0
2017 $2,264 $62,400 $0 $0
2016 $2,275 $42,400 $0 $0
2015 $2,168 $42,400 $0 $0
2013 -- $45,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Charles Laufer

    Five Star Real Estate (Ada)

    (616) 328-6869

    77 Total Sales

    Charles Laufer
    Section Image

  • K

    Buyer's Agent in 2019

    Kayla Tucker

    Keller Williams Realty Rivertown

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19047103

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-377-075

Michigan Kent County Grand Rapids 49507 Southeast Community Association

1075 Lafayette Ave SE, Grand Rapids, MI

This home is located at 1075 Lafayette Ave SE, Grand Rapids, MI 49507 since 26 September 2019 and is currently estimated at $300,194. This property was built in 2003. 1075 Lafayette Ave SE is a home located in Kent County with nearby schools including Campus Elementary School, 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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