NOT LISTED FOR SALE

Estimated Value: $254,830 - $279,000

-- Bed
-- Bath
-- Sq Ft
4,267 Sq Ft Lot

Last Sold May 05, 2017

Last sale price $121,000

Est. 122% increase in value since last sale

Current estimated payment $1,670/month

49 Days on Market

Highlights

  • Wooded Lot
  • 2 Car Garage
  • Wood Siding
  • Forced Air Heating and Cooling System
  • High Speed Internet
  • 3-minute walk to Lincoln Park

About This Home

As of May 2017

Multi-Family Unit in the heart of Grand Rapids' west side. This two-unit home has boasted a strong occupancy rate and currently has excellent tenants through 2017. Each unit has two bedrooms and one bath. The downstairs unit has recently seen many upgrades. The home is situated in a quiet neighborhood near bus lines, parks, John Ball Park Zoo, grocery and shopping, and Grand Valley State University. Off-street parking for tenants and very low yard maintenance.

Last Agent to Sell the Property

Bob Koetsier

North South Realty Group Listed on: 01/16/2017

Last Buyer's Agent

Bob Koetsier

North South Realty Group Listed on: 01/16/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,675

Year Built

  • Built in 1920

Lot Details

  • 4,267 Sq Ft Lot
  • Lot Dimensions are 40 x 107.6
  • Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,675

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40 X 107.6
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1675.0
  • General Property Info:Total _pound_ Units: 2
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: 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
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Walk Out: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk Out

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 139900.0
  • Lot Features: Sidewalk, Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4267.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1675.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2022
Sold by
Tibbetts Kevin M and Tibbetts Terri
Bought by
T3 Investments Llc
Current Estimated Value
$268,708

Purchase Details

Listed on
Jan 16, 2017
Closed on
May 5, 2017
Sold by
Koetsier Kevin L
Bought by
Tibertts Kevin M and Tibertts Terri
Seller's Agent
Bob Koetsier
North South Realty Group
Buyer's Agent
Bob Koetsier
North South Realty Group
List Price
$139,900
Sold Price
$121,000
Premium/Discount to List
-$18,900
-13.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$90,750
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 2005
Sold by
Koetsier Robert L and Koetsier Kathryn F
Bought by
Koetsier Kevin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 17, 2003
Sold by
Molag Terrance L and Molag Bridget A
Bought by
Koetsier Robert L and Koetsier Kathryn F

Purchase Details

Closed on
Oct 30, 2000
Bought by
Molag Molag T and Molag B

Purchase Details

Closed on
Jun 30, 2000
Bought by
Koetsier Tobin M and Koetsier Kevin L

Purchase Details

Closed on
Jan 1, 1990
Sold by
Cardinal Tst and Bieber Cardinal
Bought by
Koetsier Kevin L

Purchase Details

Closed on
Dec 14, 1982
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
T3 Investments Llc -- --
Tibertts Kevin M $121,000 None Available
Koetsier Kevin L $125,000 Fatic
Koetsier Robert L $97,376 Fatic
Molag Terrance L -- Fatic
Koetsier Robert L -- --
Molag Molag T $66,000 --
Koetsier Tobin M $74,900 --
Koetsier Kevin L $38,000 --
-- $12,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tibertts Kevin M $90,750
Previous Owner Koetsier Kevin $97,500
Previous Owner Koetsier Kevin L $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2017 05/05/17 Sold $121,000 -13.5% --
03/06/2017 03/06/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $139,900 -- --
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
2025 $2,513 $130,700 $0 $0
2024 $2,513 $112,000 $0 $0
2023 $2,492 $100,600 $0 $0
2022 $2,369 $83,300 $0 $0
2021 $2,220 $74,200 $0 $0
2020 $2,231 $65,100 $0 $0
2019 $2,284 $50,900 $0 $0
2018 $2,214 $41,800 $0 $0
2017 $1,725 $35,300 $0 $0
2016 $1,733 $35,900 $0 $0
2015 $1,652 $35,900 $0 $0
2013 -- $31,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17001670

Southwestern Michigan Association of REALTORS®

APN: 41-13-26-131-021