NOT LISTED FOR SALE

1220 Lafayette Ave SE Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $191,000 - $245,000

-- Bed
2 Baths
-- Sq Ft
4,748 Sq Ft Lot

Last Sold July 01, 2016

Last sale price $60,000

Est. 277% increase in value since last sale

Current estimated payment $1,448/month

21 Days on Market

About This Home

As of July 2016

2 unit on the SE side of Grand Rapids currently rented for $1420/MO. Both 2 bedroom apartments. Vinyl siding and newer windows. Washer/dryer hook-ups in basement. Off street parking. Currently in process of passing city cert and will transfer to the new owner for 90 days.

Last Agent to Sell the Property

Allison Koetsier

Compass Realty Services License #6502378425 Listed on: 05/10/2016

Compass Realty Services

Co-Listed By

Thomas Koetsier

Kay Courtney & Associates

Last Buyer's Agent

Kristy Jones

Five Star Real Estate (M6) License #6502405052

Five Star Real Estate (M6)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,314

Year Built

  • Built in 1900

Lot Details

  • 4,748

Home Design

  • Composition Roof
  • Vinyl Siding

Parking

  • 2 Parking Spaces
  • Unpaved Driveway

Utilities

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

Additional Features

  • Basement Fills Entire Space Under The House
  • 4,748 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,314

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: Basement

Exterior Features

  • List Price: 67500.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4748.0
  • Zoning Description: N/A
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1313.89
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2020
Sold by
Windham Howard and L & B Investors Llc
Bought by
1220 Lafayette Se Llc
Total Days on Market
21
Current Estimated Value
$226,450

Purchase Details

Listed on
May 10, 2016
Closed on
Jun 28, 2016
Sold by
Coppess Derek J and Coppess Ronald L
Bought by
L & B Investors Llc
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Kristy Jones
Five Star Real Estate (M6)
List Price
$67,500
Sold Price
$60,000
Premium/Discount to List
-$7,500
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.04%

Purchase Details

Closed on
Nov 2, 2007
Sold by
Elron Enterprises Llc
Bought by
Coppess Derek J and Coppess Ronald L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
7.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2006
Sold by
Jimenez Brenda
Bought by
Wells Fargo Bank Na and First Franklin Mortgage Loan Trust 2003-

Purchase Details

Closed on
Sep 17, 2003
Sold by
Rodriguez Jaime and Rodriguez Francia
Bought by
Jimenez Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 6, 1997
Sold by
Mtg Corp and Sterling Bk
Bought by
Coppess Derek J Ronald L

Purchase Details

Closed on
Oct 3, 1997
Sold by
Vnfarowe Vnfarowe B B and Vnfarowe A
Bought by
Inv A and Inv E

Purchase Details

Closed on
May 2, 1995
Sold by
Bono Plmntr
Bought by
Coppess Derek J Ronald L

Purchase Details

Closed on
May 25, 1994

Purchase Details

Closed on
Aug 25, 1992
Sold by
Vanfarow Vanfarow B B and Vanfarow Polmntr R
Bought by
Coppess Derek J Ronald L

Purchase Details

Closed on
Jun 8, 1992
Sold by
Mcghee Mcghee E E and Mcghee Vanfarowe B
Bought by
Coppess Derek J Ronald L

Purchase Details

Closed on
Sep 19, 1985
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
1220 Lafayette Se Llc -- None Available
L & B Investors Llc $60,000 Attorney
Coppess Derek J -- None Available
Wells Fargo Bank Na $93,913 None Available
Jimenez Brenda $84,000 Prime Title Services Llc
Coppess Derek J Ronald L -- --
Inv A $15,000 --
Coppess Derek J Ronald L -- --
-- -- --
Coppess Derek J Ronald L -- --
Coppess Derek J Ronald L $10,000 --
-- $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coppess Derek J $64,000
Previous Owner Elron Enterprises Llc $55,000
Previous Owner Jimenez Brenda $84,000
Previous Owner Rodriguez Jaime R $61,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2016 07/01/16 Sold $60,000 -11.1% --
05/31/2016 05/31/16 Pending -- -- --
05/10/2016 05/10/16 For Sale $67,500 -- --
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 $2,123 $89,900 $0 $0
2023 $2,106 $80,400 $0 $0
2022 $2,002 $66,600 $0 $0
2021 $1,951 $60,200 $0 $0
2020 $1,885 $51,300 $0 $0
2019 $1,930 $42,900 $0 $0
2018 $1,871 $35,900 $0 $0
2017 $1,825 $30,100 $0 $0
2016 $1,379 $27,600 $0 $0
2015 $1,314 $27,600 $0 $0
2013 -- $24,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    5 in this area

    140 Total Sales

    Allison Koetsier
    Section Image

  • T

    Seller Co-Listing Agent in 2016

    Thomas Koetsier

    Kay Courtney & Associates

  • K

    Buyer's Agent in 2016

    Kristy Jones

    Five Star Real Estate (M6)

    (616) 295-4301

    101 Total Sales

    Kristy Jones
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16021899

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-128-005

Michigan Kent County Grand Rapids 49507 Southeast Community Association

1220 Lafayette Ave SE, Grand Rapids, MI

This home is located at 1220 Lafayette Ave SE, Grand Rapids, MI 49507 since 10 May 2016 and is currently estimated at $226,450. This property was built in 1900. 1220 Lafayette 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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