NOT LISTED FOR SALE

123 Fair St SE Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $215,000 - $259,000

-- Bed
-- Bath
-- Sq Ft
6,250 Sq Ft Lot

Last Sold September 19, 2014

Last sale price $38,300

Est. 515% increase in value since last sale

Current estimated payment $1,479/month

50 Days on Market

About This Home

As of September 2014

Large 2 unit rental property with 3 bedrooms each side convenient to bus lines and downtown on a quiet street. Cert. of compliance good through August 2017. 2 stall garage. Unite 123 has a new furnace and Unit 125 has a new hot water heater 2013. Siding is newer and both units updated. Both units occupied by long term tenants. Good cash flow, great investment. One unit is leased for $675 and the other is leased for $650. Seller is very motivated. Call for an appointment today.

Last Agent to Sell the Property

Debbie Schuhman

Keller Williams GR East License #6501345833 Listed on: 07/09/2014

Keller Williams GR East

Last Buyer's Agent

Kirk Skinner

Five Star Real Estate (M6)

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 6,250

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding

Additional Features

  • 6,250 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 54900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6250.0

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1467.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2014
Closed on
Sep 19, 2014
Sold by
Rocky Top Llc
Bought by
Durr Emmanuel
Seller's Agent
Debbie Schuhman
Keller Williams GR East
Buyer's Agent
Kirk Skinner
Five Star Real Estate (M6)
List Price
$59,900
Sold Price
$38,300
Premium/Discount to List
-$21,600
-36.06%
Total Days on Market
50
Current Estimated Value
$235,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,135
Avg. Annual Appreciation
18.48%
Original Mortgage
$28,725
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 2011
Sold by
Washburn Richard A
Bought by
Rocky Top Llc

Purchase Details

Closed on
Jul 25, 1985
Sold by
Schilling William R
Bought by
Katerberg Jack T Donna M and Rocky Top Llc

Purchase Details

Closed on
Nov 30, 1983
Sold by
Katerberg Jack T Donna M
Bought by
Castle Steven J and Rocky Top 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
Durr Emmanuel $38,300 Lighthouse Title Inc
Rocky Top Llc -- None Available
Washburn Richard A $20,000 Lighthouse Title Inc
Katerberg Jack T Donna M -- --
Castle Steven J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durr Emmanuel $20,000
Closed Durr Emmanuel $28,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2014 09/19/14 Sold $38,300 -36.1% --
08/28/2014 08/28/14 Pending -- -- --
07/09/2014 07/09/14 For Sale $59,900 -- --
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
2024 $1,900 $98,100 $0 $0
2023 $1,885 $87,500 $0 $0
2022 $1,997 $72,900 $0 $0
2021 $1,746 $66,000 $0 $0
2020 $1,687 $56,500 $0 $0
2019 $1,824 $47,500 $0 $0
2018 $1,675 $39,400 $0 $0
2017 $1,634 $33,100 $0 $0
2016 $1,642 $30,600 $0 $0
2015 $1,564 $30,600 $0 $0
2013 -- $29,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Debbie Schuhman

    Seller's Agent in 2014

    Debbie Schuhman

    Keller Williams GR East

    (616) 204-5450

    66 Total Sales

    Debbie Schuhman
    Section Image

  • K

    Buyer's Agent in 2014

    Kirk Skinner

    Five Star Real Estate (M6)

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14038938

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-107-044

Michigan Kent County Grand Rapids 49507 Southeast Community Association

123 Fair St SE, Grand Rapids, MI

This home is located at 123 Fair St SE, Grand Rapids, MI 49507 since 09 July 2014 and is currently estimated at $235,435. This property was built in 1900. 123 Fair St 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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