NOT LISTED FOR SALE

1141 Alger St SW Wyoming, MI 49509

Urbandale Neighborhood

Estimated Value: $693,000

-- Bed
-- Bath
-- Sq Ft
1,988 Sq Ft Lot

Last Sold May 25, 2022

Last sale price $720,000

Est. 4% decrease in value since last sale

Current estimated payment $4,916/month

4 Days on Market

About This Home

As of May 2022

Lovely 8 family, near senior center and pinery park, police station is 800 feet away, located near bus route, all brick building with full walkout basement, tenants pay own electric and cable/phone. landlord pays gas/heat and water. 6 of 8 units are month to month leases and new buyer will have freedom to renegotiate those leases to better reflect current market rents, current rents are well below market, current owner is too spineless to raise rents properly to keep pace with current market conditions, he is old and dim witted, everyone is amazed his wife sticks around. no showings until offer accepted, subject to buyers walk thru., and inspections. owner is r.e..broker lic. in mi. no sign, tenants unaware of sale

Last Agent to Sell the Property

Joe Kolderman

Kolderman Realty, LLC License #6502367282 Listed on: 03/02/2022

Last Buyer's Agent

Joseph Kolderman

Homestead Realty (Rckf)INACTIV

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $7,000

Year Built

  • Built in 1958

Lot Details

  • 1,988 Sq Ft Lot

Parking

  • 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Cooling Available
  • Heat Pump System
  • Radiant Heating System
  • Window Unit Heating System
  • Hot Water Heating System

Community Details

  • 8 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$7,000

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 799999.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 12.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Radiant, Heat Pump, Hot Water
  • Heating: Yes
  • Utilities: Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 1988.0
  • Zoning Description: muti
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 7000.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2022
Closed on
Mar 31, 2022
Sold by
Terra Firma Group Limited Liability Comp
Bought by
Family Promise Of Grand Rapids
Seller's Agent
Joe Kolderman
Kolderman Realty, LLC
Buyer's Agent
Joe Kolderman
Kolderman Realty, LLC
List Price
$799,999
Sold Price
$720,000
Premium/Discount to List
-$79,999
-10%
Current Estimated Value
$693,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,000

Purchase Details

Closed on
Aug 29, 2011
Sold by
L J Investors Llc
Bought by
Terra Firma Group Limited Liability Comp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,370
Interest Rate
4.58%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 26, 2001
Sold by
R D K H Company
Bought by
L J Investors Llc
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
Family Promise Of Grand Rapids -- None Listed On Document
Terra Firma Group Limited Liability Comp -- Lighthouse Title Inc Commerc
L J Investors Llc $198,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Terra Firma Group Limited Liability Comp $179,370
Previous Owner Lj Investors Llc $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $720,000 -10.0% --
03/06/2022 03/06/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $799,999 -- --
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 $13,676 $0 $0 $0
2024 $13,676 $0 $0 $0
2023 $13,399 $193,800 $0 $0
2022 $6,892 $186,400 $0 $0
2021 $6,727 $165,600 $0 $0
2020 $6,193 $135,100 $0 $0
2019 $6,404 $135,500 $0 $0
2018 $7,338 $126,400 $0 $0
2017 $6,037 $112,900 $0 $0
2016 $5,929 $95,300 $0 $0
2015 $6,464 $95,300 $0 $0
2013 -- $100,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joe Kolderman

    Kolderman Realty, LLC

    (616) 538-7550

    1 in this area

    42 Total Sales

    Joe Kolderman
    Section Image

  • J

    Buyer's Agent in 2022

    Joseph Kolderman

    Homestead Realty (Rckf)INACTIV

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22006362

Southwestern Michigan Association of REALTORS®

APN: 41-17-11-252-054

Michigan Kent County Wyoming 49509 Urbandale

1141 Alger St SW, Wyoming, MI

This home is located at 1141 Alger St SW, Wyoming, MI 49509 since 02 March 2022 and is currently priced at $693,000. This property was built in 1958. 1141 Alger St SW is a home located in Kent County with nearby schools including Godfrey Elementary School, Lee Middle & High School, and Potters House 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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