NOT LISTED FOR SALE

1117 2nd St NW Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $240,000 - $260,000

-- Bed
-- Bath
-- Sq Ft
1,386 Sq Ft Lot

Last Sold December 23, 2013

Last sale price $11,000

Est. 2,174% increase in value since last sale

Current estimated payment $1,513/month

70 Days on Market

About This Home

As of December 2013

Good opportunity on the NE side of Grand rapids. 3 Unit. Home is being sold by the Kent County Land Bank. Seller will not respond to offers until the home has been on the market for 10 days. Offers must include a written development plan, written statement regarding the ability of the buyer to complete the renovations (i.e. proof that they are a licensed builder, or proof of other previous development) and proof of financing to complete the purchase and renovation. Buyers cannot be in arrears for property taxes with the local unit of government on any other real estate. Sale is subject to seller receiving clear title and attached addendum. Contact listing agent for details.

Last Agent to Sell the Property

Michael Childress

Childress & Associates Realty License #6502350386 Listed on: 08/26/2013

Last Buyer's Agent

Lloyd Reed, Jr.

Home Run Real Estate License #6502362271

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 1,386 Sq Ft Lot

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 16900.0
  • Road Surface Type: Paved

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.03
  • Lot Size Area: 0.03
  • Lot Size Sq Ft: 1386.0
  • Zoning Description: LDR

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1582.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2013
Closed on
Dec 23, 2013
Sold by
Kent County Land Bank Authority
Bought by
Bak Properties 2 Llc
Seller's Agent
Michael Childress
Childress & Associates Realty
Buyer's Agent
Lloyd Reed, Jr.
Home Run Real Estate
List Price
$25,000
Sold Price
$11,000
Premium/Discount to List
-$14,000
-56%
Current Estimated Value
$250,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$239,140
Avg. Annual Appreciation
30.80%

Purchase Details

Closed on
Jul 23, 2013
Sold by
City Of Grand Rapids
Bought by
Kent County Land Bank Authority

Purchase Details

Closed on
Jul 15, 2013
Sold by
Parrish Kenneth D
Bought by
City Of Grand Rapids

Purchase Details

Closed on
Mar 19, 2004
Sold by
Balsitis Mike and Balsitis Melissa
Bought by
Contreras Julio and Contreras Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
7.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 29, 2002
Sold by
Vanfarowe Brian and Vanfarowe Rajini
Bought by
Balsitis Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2000
Sold by
Pearsall Sheila and Pearsall Joan
Bought by
Raff Robert N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
7.22%
Mortgage Type
Commercial
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
Bak Properties 2 Llc $11,000 Sun Title Agency Of Mi Llc
Kent County Land Bank Authority -- None Available
City Of Grand Rapids $5,300 None Available
Contreras Julio $89,500 Metropolitan Title Company
Balsitis Mike $61,500 Fidelity National Title Insu
Raff Robert N $68,000 --
Raff Robert $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Contreras Julio $80,500
Previous Owner Balsitis Mike $67,200
Previous Owner Raff Robert $68,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2013 12/23/13 Sold $11,000 -56.0% --
11/04/2013 11/04/13 Pending -- -- --
08/26/2013 08/26/13 For Sale $25,000 -- --
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 $1,796 $115,600 $0 $0
2024 $1,796 $106,100 $0 $0
2023 $1,781 $94,900 $0 $0
2022 $1,693 $78,500 $0 $0
2021 $1,650 $69,800 $0 $0
2020 $1,595 $61,600 $0 $0
2019 $1,633 $49,200 $0 $0
2018 $1,583 $41,100 $0 $0
2017 $1,544 $34,700 $0 $0
2016 $1,551 $31,500 $0 $0
2015 $1,478 $31,500 $0 $0
2013 -- $25,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Childress

    Seller's Agent in 2013

    Michael Childress

    Childress & Associates Realty

    (616) 893-1672

    3 in this area

    165 Total Sales

    Section Image

  • L

    Buyer's Agent in 2013

    Lloyd Reed, Jr.

    Home Run Real Estate

    (616) 889-7662

    2 in this area

    58 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13050884

Southwestern Michigan Association of REALTORS®

APN: 41-13-23-452-022

Michigan Kent County Grand Rapids 49504 West Grand

1117 2nd St NW, Grand Rapids, MI

This home is located at 1117 2nd St NW, Grand Rapids, MI 49504 since 26 August 2013 and is currently estimated at $250,140. This property was built in 1900. 1117 2nd St 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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