NOT LISTED FOR SALE

11 Eastern Ave SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $179,000 - $321,000

Studio
-- Bath
-- Sq Ft
1,055 Sq Ft Lot

Last Sold July 16, 2012

Last sale price $45,000

Est. 445% increase in value since last sale

Current estimated payment $1,444/month

240 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 4-minute walk to Cherry Park

About This Home

As of July 2012

Grand Rapids Real Estate INCOME PROPERTY with 2 UNITS - 2 Story Home. Great Earning Potential! Located in East Hills, just outside of Midtown! Convenient to bus lines, easy access to expressways, hospitals, GRCC, Fulton Street Market and more! Well maintained property with virtually maintenance free lawn! The first floor unit has a 1BD 1BA unit and a studio apartment on the second level. Tenants rights apply.

Last Agent to Sell the Property

Diane Griffin

Keller Williams GR North (Main) License #6502361836 Listed on: 10/12/2011

Keller Williams GR North (Main)

Last Buyer's Agent

Diane Griffin

Keller Williams GR North (Main) License #6502361836 Listed on: 10/12/2011

Keller Williams GR North (Main)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 1,055 Sq Ft Lot
  • Lot Dimensions are 40x45

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 3 Parking Spaces
  • Paved Parking

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1915
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40x45
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1253.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: 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
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 58000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.02
  • Lot Size Area: 0.02
  • Lot Dimensions: 40x45
  • Lot Size Sq Ft: 1055.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1253.0
  • Tax Year: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2011
Closed on
Jul 16, 2012
Sold by
Garbarino Debra and Garbarino Debra M
Bought by
Kpkp Llc
Seller's Agent
Diane Griffin
Keller Williams GR North (Main)
Buyer's Agent
Diane Griffin
Keller Williams GR North (Main)
List Price
$58,000
Sold Price
$45,000
Premium/Discount to List
-$13,000
-22.41%
Current Estimated Value
$245,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,320
Avg. Annual Appreciation
13.39%

Purchase Details

Closed on
Aug 11, 2005
Sold by
Butterfield Pamela A
Bought by
Garbarino Debra

Purchase Details

Closed on
Feb 21, 1996
Sold by
Nelson Est and Nelson Bttrfld P
Bought by
Bttrfld P and Kpkp Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kpkp Llc $45,000 Grand Rapids Title Agency Ll
Garbarino Debra $40,000 Metropolitan Title Company
Bttrfld P -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2012 07/16/12 Sold $45,000 -22.4% --
06/08/2012 06/08/12 Pending -- -- --
10/12/2011 10/12/11 For Sale $58,000 -- --
Source: MichRIC

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 $1,930 $91,500 $0 $0
2024 $19 $80,500 $0 $0
2023 $1,914 $66,500 $0 $0
2022 $1,819 $58,400 $0 $0
2021 $1,772 $56,100 $0 $0
2020 $1,713 $51,800 $0 $0
2019 $1,754 $48,000 $0 $0
2018 $1,700 $43,200 $0 $0
2017 $1,659 $39,200 $0 $0
2016 $1,667 $33,400 $0 $0
2015 $1,588 $33,400 $0 $0
2013 -- $23,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Diane Griffin

    Seller's Agent in 2012

    Diane Griffin

    Keller Williams GR North (Main)

    (616) 916-5960

    5 in this area

    93 Total Sales

    Diane Griffin
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Map

Source: MichRIC

MLS Number: 11055692

MichRIC

APN: 41-14-30-427-011

Michigan Kent County Grand Rapids 49503 East Hills

11 Eastern Ave SE, Grand Rapids, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
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