NOT LISTED FOR SALE

123 Banner St SW Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $126,000 - $221,000

1 Bed
1 Bath
540 Sq Ft
$297/Sq Ft Est. Value

Last Sold August 17, 2023

Last sale price $125,000 $231 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,031/month

4 Days on Market

Highlights

  • Recreation Room
  • Dining Area
  • 1-Story Property
  • Living Room
  • Gravity Heating System

About This Home

As of August 2023

Wonderful starter home or someone who is downsizing. Lots of upgrades performed by the current owner over the last couple years including a newer furnace.

Efficient home with low utility bills. Easy to take care of and build equity over the next couple years. Why rent?

Last Agent to Sell the Property

Dan Farkas

1st Advantage Realty License #6502374137 Listed on: 07/19/2023

Last Buyer's Agent

Christin Marsalese

Five Star Real Estate (Eastown) License #6506049070

Five Star Real Estate (Eastown)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $700

Year Built

  • Built in 1923

Lot Details

  • 5,043 Sq Ft Lot
  • Lot Dimensions are 41 x 132

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 540 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Area
  • Recreation Room
  • Basement
  • Michigan Basement
  • Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Heating System Uses Natural Gas
  • Gravity Heating System
  • Natural Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$700

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1923
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 41 x 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 540.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 700.2
  • Tax Info:Zoning3: Res
  • Waterfront Options:Water Access YN: No
  • Roofing:Composition: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • Water Heater:Natural Gas4: Yes
  • Substructure:Michigan Basement: Yes
  • Heat Type:Gravity: Yes
  • General Property Info:SqFt Above Grade: 540.0
  • General Property Info Garage YN: No
  • Architectural Style:Ranch: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range
  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 540.0
  • General Property Info:Stories2: 1.0
  • Basement Rooms:Total Basement SQFT: 135.0
  • Appliances Range: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 124900.0
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Garage: No

Utilities

  • Heating: Gravity
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 41 x 132
  • Lot Size Sq Ft: 5043.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 700.2
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2023
Closed on
Aug 17, 2023
Sold by
Taylor Michelle
Bought by
Marsalese Robert
Seller's Agent
Dan Farkas
1st Advantage Realty
Buyer's Agent
Christin Marsalese
Five Star Real Estate (Eastown)
List Price
$124,900
Sold Price
$125,000
Premium/Discount to List
$100
0.08%
Views
89
Current Estimated Value
$160,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,146
Avg. Annual Appreciation
12.52%
Original Mortgage
$118,750
Outstanding Balance
$116,160
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$43,986

Purchase Details

Closed on
Oct 21, 2020
Sold by
Kurek Jonathan
Bought by
Taylor Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 23, 2018
Closed on
Jul 2, 2018
Sold by
Cole Paul R and Cole Patricia A
Bought by
Taylor Michelle and Kurek Jonathan
Seller's Agent
Barbara Foss
Sandberg + Rabbai Realty II -I
Buyer's Agent
Ron Babitz
Cornerstone Companies
List Price
$49,900
Sold Price
$46,075
Premium/Discount to List
-$3,825
-7.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.80%
Original Mortgage
$4,771
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2008
Sold by
Gleason David and Gleason Adelaide
Bought by
Cole Paul and Cole Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 1983

Purchase Details

Closed on
May 23, 1983

Purchase Details

Closed on
May 3, 1983

Purchase Details

Closed on
Apr 20, 1983
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
Marsalese Robert $125,000 Chicago Title
Taylor Michelle -- None Available
Taylor Michelle $46,075 None Available
Cole Paul $20,000 None Available
-- $100 --
-- $100 --
-- $100 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marsalese Robert $118,750
Previous Owner Taylor Michelle $46,000
Previous Owner Taylor Michelle $95,500
Previous Owner Taylor Michelle $4,771
Previous Owner Cole Paul $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $125,000 +0.1% $231 / Sq Ft
07/23/2023 07/23/23 Pending -- -- --
07/19/2023 07/19/23 For Sale $124,900 +171.1% $231 / Sq Ft
07/03/2018 07/03/18 Sold $46,075 -7.7% $85 / Sq Ft
05/26/2018 05/26/18 Pending -- -- --
05/23/2018 05/23/18 For Sale $49,900 -- $92 / Sq Ft
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 $2,223 $46,000 $0 $0
2024 $2,223 $39,600 $0 $0
2023 $700 $33,900 $0 $0
2022 $665 $27,000 $0 $0
2021 $650 $22,700 $0 $0
2020 $621 $20,900 $0 $0
2019 $651 $18,500 $0 $0
2018 $628 $14,300 $0 $0
2017 $613 $11,700 $0 $0
2016 $616 $11,700 $0 $0
2015 $587 $11,700 $0 $0
2013 -- $11,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Dan Farkas

    1st Advantage Realty

    (616) 437-1011

    2 in this area

    92 Total Sales

    Dan Farkas
    Section Image

  • C

    Buyer's Agent in 2023

    Christin Marsalese

    Five Star Real Estate (Eastown)

    (616) 466-0482

    2 in this area

    44 Total Sales

    Christin Marsalese
    Section Image

  • B

    Seller's Agent in 2018

    Barbara Foss

    Sandberg + Rabbai Realty II -I

  • R

    Buyer's Agent in 2018

    Ron Babitz

    Cornerstone Companies

    (616) 970-1557

    2 in this area

    25 Total Sales

    Ron Babitz
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23025692

Southwestern Michigan Association of REALTORS®

APN: 41-17-12-276-032

Michigan Kent County Grand Rapids 49507 Garfield Park

123 Banner St SW, Grand Rapids, MI

This home is located at 123 Banner St SW, Grand Rapids, MI 49507 since 19 July 2023 and is currently estimated at $160,146, approximately $296 per square foot. This property was built in 1923. 123 Banner St SW is a home located in Kent County with nearby schools including Burton Elementary School, Burton 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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