NOT LISTED FOR SALE

1117 Jefferson Ave SE Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $211,000 - $233,000

-- Bed
-- Bath
-- Sq Ft
6,864 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $169,900

Est. 29% increase in value since last sale

Current estimated payment $1,555/month

35 Days on Market

About This Home

As of May 2021

Looking for that much needed investment in (close to) downtown Grand Rapids. Look no further than 1117 Jefferson Ave SE. This 3 unit is fully rented and ready for the next buyer. Seller has upgraded many of the windows and all of the furnaces are high efficiency. There are 4 off street parking spaces and a decent sized yard as well. On the bus line(s) and close to the major highways. Seller pays the water and electricity and each unit is responsible for their gas. At this price point this could be a good addition to your portfolio. Make this a priority on your buyer/ investor list.

Last Agent to Sell the Property

Robert Brown

Bellabay Realty LLC License #6502377287 Listed on: 04/14/2021

Bellabay Realty LLC

Last Buyer's Agent

Darryl Matthews, Jr

Keller Williams GR East License #6506047703

Keller Williams GR East

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,016

Year Built

  • Built in 1900

Lot Details

  • 6,864

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

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

Additional Features

  • Michigan Basement
  • 6,864 Sq Ft Lot

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $780
  • Gross Income $20,925

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,016

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 174900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6864.0
  • Zoning Description: LDR
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Gross Income: 20925.0
  • Insurance Expense: 780.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1015.5
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2022
Sold by
Alejandro Zalazar
Bought by
Bryce Llc
Total Days on Market
35
Current Estimated Value
$219,964

Purchase Details

Listed on
Apr 14, 2021
Closed on
May 28, 2021
Sold by
S & S Properties Group Llc
Bought by
Zalazar Alejandro
Seller's Agent
Robert Brown
Bellabay Realty LLC
Buyer's Agent
Darryl Matthews, Jr
Keller Williams GR East
Sold Price
$169,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%
Original Mortgage
$127,425
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2005
Sold by
Smith Scott N
Bought by
S & S Properties Group Llc

Purchase Details

Closed on
Mar 11, 2005
Sold by
Smith Charles D and Smith Laura L
Bought by
Smith Charles D and Smith Laura L

Purchase Details

Closed on
Apr 19, 1999
Sold by
Smith Smith S S and Smith C
Bought by
Smith S and S&S Properties Group Llc

Purchase Details

Closed on
Oct 27, 1995
Sold by
Smith Smith S S and Smith S
Bought by
S&S Properties Group Llc

Purchase Details

Closed on
Oct 26, 1995
Sold by
Smith Smith L L and Smith C
Bought by
S&S Properties Group Llc

Purchase Details

Closed on
Sep 26, 1995
Bought by
Smith C and S&S Properties Group Llc

Purchase Details

Closed on
May 23, 1995
Bought by
Equivest and S&S Properties Group Llc

Purchase Details

Closed on
Dec 21, 1990

Purchase Details

Closed on
May 7, 1987
Sold by
Childs Childs H H and Childs Cunninghm E
Bought by
S&S Properties Group Llc
Source: Public Records

Range of Values:

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Average Value
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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
Bryce Llc -- None Listed On Document
Zalazar Alejandro $169,900 None Available
S & S Properties Group Llc -- --
Smith Charles D -- --
Smith S -- --
S&S Properties Group Llc -- --
S&S Properties Group Llc -- --
Smith C -- --
Equivest -- --
-- $19,200 --
S&S Properties Group Llc $7,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zalazar Alejandro $127,425
Previous Owner Smith Scott N $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $169,900 -2.9% --
05/06/2021 05/06/21 Pending -- -- --
04/14/2021 04/14/21 For Sale -- -- --
04/07/2021 04/07/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $174,900 -- --
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
2024 $3,845 $90,200 $0 $0
2023 $3,814 $78,100 $0 $0
2022 $3,624 $69,900 $0 $0
2021 $1,011 $69,800 $0 $0
2020 $977 $59,200 $0 $0
2019 $1,001 $46,700 $0 $0
2018 $970 $40,500 $0 $0
2017 $946 $30,500 $0 $0
2016 $951 $29,300 $0 $0
2015 $906 $29,300 $0 $0
2013 -- $28,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Brown

    Seller's Agent in 2021

    Robert Brown

    Bellabay Realty LLC

    (616) 871-1309

    4 in this area

    82 Total Sales

    Robert Brown
    Section Image
  • Darryl Matthews, Jr

    Buyer's Agent in 2021

    Darryl Matthews, Jr

    Keller Williams GR East

    (616) 881-9047

    3 in this area

    242 Total Sales

    Darryl Matthews, Jr
    Section Image
  • Lucas Howard

    Buyer Co-Listing Agent in 2021

    Lucas Howard

    Keller Williams GR East

    (616) 893-6478

    7 in this area

    1,290 Total Sales

    Lucas Howard
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21010478

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-354-017

Michigan Kent County Grand Rapids 49507 Southeast Community Association

1117 Jefferson Ave SE, Grand Rapids, MI

This home is located at 1117 Jefferson Ave SE, Grand Rapids, MI 49507 since 14 April 2021 and is currently estimated at $219,964. This property was built in 1900. 1117 Jefferson 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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