NOT LISTED FOR SALE

1227 Northfield Ave NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $446,000 - $548,996

9 Beds
5 Baths
-- Sq Ft
0.28 Acres

Last Sold April 24, 2014

Last sale price $164,500

Est. 204% increase in value since last sale

Current estimated payment $3,086/month

12 Days on Market

About This Home

As of April 2014

2 story townhouse style units with FULL basements. New vinyl clad windows. Individual forced air heat. Covered assigned parking. Close to public transportation (Leonard St), downtown and medical mile. Solid well built 4 unit on a no outlet street. Each unit has approximately 1,130 Sq Ft. At this price these buildings are very profitable.

Last Agent to Sell the Property

Michael Ross

Grand Rapids Realty License #6502126663 Listed on: 03/06/2014

Last Buyer's Agent

Stephanie Beute

Five Star Real Estate (Main)

Five Star Real Estate (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,000

Year Built

  • Built in 1962

Lot Details

  • 0.28

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • Insurance Expense $1,162
  • Operating Expense $5,162
  • Gross Income $27,600
  • Net Operating Income $22,438

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,000

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Other

Exterior Features

  • Construction Materials: Brick
  • List Price: 179900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected

Rental Info

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

Multi Family

  • Gross Income: 27600.0
  • Insurance Expense: 1162.0
  • Net Operating Income: 22438.0
  • Operating Expense: 5162.0

Tax Info

  • Tax Annual Amount: 4000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2014
Closed on
Apr 24, 2014
Sold by
Coon Jack W and Coon Sherry L
Bought by
Dijkstra David and Dijkstra Rebecca M
Seller's Agent
Michael Ross
Grand Rapids Realty
Buyer's Agent
Stephanie Beute
Five Star Real Estate (Main)
List Price
$179,900
Sold Price
$164,500
Premium/Discount to List
-$15,400
-8.56%
Current Estimated Value
$500,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,249
Avg. Annual Appreciation
10.21%
Original Mortgage
$123,375
Outstanding Balance
$94,035
Interest Rate
4.41%
Mortgage Type
New Conventional
Estimated Equity
$406,714

Purchase Details

Closed on
Mar 14, 2008
Sold by
Clinger Mark A
Bought by
Coon Jack W and Coon Sherry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 27, 2008
Sold by
Clinger Mark A and Clinger Rebecca L
Bought by
Us Bank Na and Mastr Asset Backed Securities Trust 2006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2007
Sold by
Clinger Rebecca L
Bought by
Clinger Mark A

Purchase Details

Closed on
Sep 27, 2005
Sold by
Estate Of Gerard Barto
Bought by
Clinger Mark A and Clinger Rebecca L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
8%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Mar 20, 1996
Sold by
Barto Barto G G and Barto Clinger M
Bought by
Coon Clinger M and Coon Jack W Sherry L
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
Dijkstra David $164,500 Chicago Title
Coon Jack W $170,000 Grand Rapids Title
Us Bank Na $153,943 None Available
Clinger Mark A -- None Available
Clinger Mark A $82,000 None Available
Coon Clinger M $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dijkstra David $123,375
Previous Owner Coon Jack W $127,500
Previous Owner Clinger Mark A $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/24/2014 04/24/14 Sold $164,500 -8.6% --
03/18/2014 03/18/14 Pending -- -- --
03/06/2014 03/06/14 For Sale $179,900 -- --
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 $5,168 $198,700 $0 $0
2024 $5,168 $156,800 $0 $0
2023 $5,126 $156,800 $0 $0
2022 $4,872 $136,300 $0 $0
2021 $4,747 $126,700 $0 $0
2020 $4,588 $126,700 $0 $0
2019 $4,698 $100,600 $0 $0
2018 $4,554 $95,300 $0 $0
2017 $4,442 $86,400 $0 $0
2016 $4,464 $83,200 $0 $0
2015 $4,592 $83,200 $0 $0
2013 -- $72,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Michael Ross

    Grand Rapids Realty

    (616) 742-2400

    1 in this area

    15 Total Sales

    Michael Ross
    Section Image

  • S

    Buyer's Agent in 2014

    Stephanie Beute

    Five Star Real Estate (Main)

    (616) 791-0110

    1 Total Sale

    Stephanie Beute
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14009886

Southwestern Michigan Association of REALTORS®

APN: 41-14-17-351-018

Michigan Kent County Grand Rapids 49505 Creston

1227 Northfield Ave NE, Grand Rapids, MI

This home is located at 1227 Northfield Ave NE, Grand Rapids, MI 49505 since 06 March 2014 and is currently estimated at $500,749. This property was built in 1962. 1227 Northfield Ave NE is a home located in Kent County with nearby schools including Kent Hills School, Riverside Middle School, and Union 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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