NOT LISTED FOR SALE

1105 Spencer St NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $311,000 - $354,000

4 Beds
2 Baths
-- Sq Ft
9,278 Sq Ft Lot

Last Sold May 27, 2014

Last sale price $113,500

Est. 192% increase in value since last sale

Current estimated payment $1,880/month

35 Days on Market

About This Home

As of May 2014

Wonderful Mid-Century Modern side by side duplex. New boilers in 2013 in both units. This is a tri-level. The units are a mirror of each other and are as follows: walk in from the front door to a large living room with vaulted wood beam ceilings. The living room overlooks the dining and kitchen area in the lower level. Upstairs has 2 bedrooms with vaulted wood beam ceilings and a bathroom with skylight. There are laundry hook ups in the kitchen and walk out door to the back yard and garage. Mechanicals are in their own separate room and not accessible from the units. Located in a nice neighborhood, close to bus lines, shopping and new charter high school. Not far from Downtown night life.

Last Agent to Sell the Property

Tiffany Ireland

Grand Rapids Realty Listed on: 02/28/2014

Last Buyer's Agent

Allison Koetsier

Compass Realty Services License #6502378425

Compass Realty Services

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,356

Year Built

  • Built in 1956

Lot Details

  • 9,278

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Wood Siding

Basement

  • Walk-Out Basement

Utilities

  • Hot Water Heating System
  • Cable TV Available

Community Details

  • 2,173 Buildings

Listing and Financial Details

  • Tenant pays for electricity, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,356

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk Out

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 129900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2173
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 2356.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2014
Closed on
May 27, 2014
Sold by
Verplank John and Verplank Gretchen
Bought by
Morrow David
Seller's Agent
Tiffany Ireland
Grand Rapids Realty
Buyer's Agent
Allison Koetsier
Compass Realty Services
List Price
$129,900
Sold Price
$113,500
Premium/Discount to List
-$16,400
-12.63%
Current Estimated Value
$331,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,210
Avg. Annual Appreciation
9.74%
Original Mortgage
$103,937
Outstanding Balance
$80,660
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$251,050

Purchase Details

Listed on
Nov 21, 2012
Closed on
Feb 27, 2013
Sold by
First Place Bank
Bought by
Verplank John and Verplank Gretchen
Seller's Agent
Jesse Granado - Caporossi
i-VEST Real Estate Group
Buyer's Agent
Arthur Vachon
Bellabay Realty LLC
List Price
$65,000
Sold Price
$35,000
Premium/Discount to List
-$30,000
-46.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
158.25%

Purchase Details

Closed on
Sep 12, 2012
Sold by
Denherder Sean
Bought by
First Place Bank

Purchase Details

Closed on
Mar 28, 2006
Sold by
Veeneman Stephen R and Veeneman Alissa D
Bought by
Denherder Sean

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
8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 31, 2000
Bought by
Verplank Veeneman S and Verplank John Gretchen

Purchase Details

Closed on
Feb 7, 1992
Sold by
Post Post K K and Post Mccrackin J
Bought by
Verplank John Gretchen

Purchase Details

Closed on
Mar 7, 1989
Bought by
Verplank John Gretchen

Purchase Details

Closed on
May 8, 1987
Bought by
Verplank John Gretchen

Purchase Details

Closed on
May 7, 1987
Bought by
Verplank John Gretchen

Purchase Details

Closed on
Aug 4, 1983
Bought by
Verplank John Gretchen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Morrow David $113,500 None Available
Verplank John $35,000 None Available
First Place Bank $65,794 None Available
Denherder Sean $142,500 None Available
Verplank Veeneman S $128,900 --
Verplank John Gretchen $79,000 --
Verplank John Gretchen $79,000 --
Verplank John Gretchen $67,000 --
Verplank John Gretchen $57,600 --
Verplank John Gretchen $58,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morrow David $103,937
Previous Owner Denherder Sean $114,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2014 05/27/14 Sold $113,500 -12.6% --
04/04/2014 04/04/14 Pending -- -- --
02/28/2014 02/28/14 For Sale $129,900 +271.1% --
02/27/2013 02/27/13 Sold $35,000 -46.2% -- View Prior Sale
01/16/2013 01/16/13 Pending -- -- --
11/21/2012 11/21/12 For Sale $65,000 -- --
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 $1,677 $163,600 $0 $0
2024 $1,677 $147,000 $0 $0
2023 $3,647 $105,500 $0 $0
2022 $3,467 $98,200 $0 $0
2021 $3,378 $92,600 $0 $0
2020 $3,265 $79,000 $0 $0
2019 $3,343 $75,600 $0 $0
2018 $2,684 $73,800 $0 $0
2017 $2,616 $64,200 $0 $0
2016 $2,637 $59,200 $0 $0
2015 $2,488 $59,200 $0 $0
2013 -- $47,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Tiffany Ireland

    Grand Rapids Realty

  • Allison Koetsier

    Buyer's Agent in 2014

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    5 in this area

    117 Total Sales

    Allison Koetsier
    Section Image

  • H

    Seller Co-Listing Agent in 2013

    Heath Terlesky

    i-VEST Real Estate Group

    (269) 345-0630

    3 Total Sales

    Heath Terlesky
    Section Image

  • A

    Buyer's Agent in 2013

    Arthur Vachon

    Bellabay Realty LLC

    (616) 862-8304

    84 Total Sales

    Arthur Vachon
    Section Image
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Map

Source: MichRIC

MLS Number: 14008769

MichRIC

APN: 41-14-17-327-024

Michigan Kent County Grand Rapids 49505 Creston

1105 Spencer St NE, Grand Rapids, MI

Not Listed for Sale

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