NOT LISTED FOR SALE

1231 60th St SE Grand Rapids, MI 49508

Ridgebrook Neighborhood

Estimated Value: $471,000 - $535,000

-- Bed
-- Bath
-- Sq Ft
0.51 Acres

Last Sold April 13, 2020

Last sale price $295,000

Est. 70% increase in value since last sale

Current estimated payment $3,177/month

3 Days on Market

Highlights

  • Baseboard Heating
  • East Kentwood High School Rated A-
  • High Speed Internet

About This Home

As of April 2020

Very desirable location with this built-as 4 unit apartment building with identical 2 bedroom units. Located right by the M6/ Kalamazoo corridor (along with all the conveniences- Meijer, etc.), this property has the capability of generating optimal rents. One unit updated and vacant- perfect for owner-occupant and immediate at-close possession... or choose your own tenant. Each unit has a private entrance, private deck or patio, and offers carport parking to keep the tenants' vehicles out of the weather. Shared coin-operated laundry for more owner-revenue. Long term (several year) tenants. Loaded with the potential of generating much more revenue (rents are very low). Contact for simple ideas to make this property even more profitable. OFFER DEADLINE: Friday 3-13-20 7pm

Last Agent to Sell the Property

Darrell Deward

Icon Realty Group LLC License #6501380865 Listed on: 03/11/2020

Icon Realty Group LLC

Last Buyer's Agent

Andy Richter

Richter Company License #6502433113

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,669

Year Built

  • Built in 1978

Lot Details

  • 0.51 Acre Lot

Parking

  • 8 Parking Spaces

Home Design

  • Aluminum Siding

Utilities

  • Radiant Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,669

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Other

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 275000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 8.0

Utilities

  • Heating: Radiant, Hot Water, Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.51
  • Lot Size Area: 0.51
  • Lot Size Sq Ft: 22216.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 3668.61
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Apr 13, 2020
Sold by
J Gem Rental Properties Llc
Bought by
Vanderwier Craig K and Vanderwier Kelly J
Seller's Agent
Darrell Deward
Icon Realty Group LLC
Buyer's Agent
Andy Richter
Richter Company
List Price
$275,000
Sold Price
$295,000
Premium/Discount to List
$20,000
7.27%
Current Estimated Value
$502,537

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,537
Avg. Annual Appreciation
8.92%
Original Mortgage
$221,250
Outstanding Balance
$196,914
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$273,330

Purchase Details

Closed on
Feb 1, 2018
Sold by
Henry Joni R and Henry Gregory J
Bought by
J Gem Rentgal Properties Llc

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
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2018
Sold by
J Gem Rental Proiperties Llc
Bought by
Henry Joni R and Henry Gregory J

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
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 4, 2013
Sold by
Baltutat Arthur B and Baltutat Patricia G
Bought by
John G Zylstra Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.17%
Mortgage Type
New Conventional
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
Vanderwier Craig K $295,000 None Available
J Gem Rentgal Properties Llc -- None Available
Henry Joni R -- Title Resource Agency
J Gem Rental Properties Llc $140,000 Title Resource Agency
John G Zylstra Living Trust $140,000 Cascade Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanderwier Craig K $221,250
Previous Owner Henry Joni R $112,500
Previous Owner John G Zylstra Living Trust $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2020 04/13/20 Sold $295,000 +7.3% --
03/14/2020 03/14/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $275,000 -- --
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 $6,161 $210,700 $0 $0
2024 $6,161 $201,500 $0 $0
2023 $7,598 $195,900 $0 $0
2022 $7,208 $152,000 $0 $0
2021 $7,030 $125,500 $0 $0
2020 $2,703 $123,700 $0 $0
2019 $3,669 $115,900 $0 $0
2018 $3,574 $89,900 $0 $0
2017 $3,488 $70,900 $0 $0
2016 $3,406 $67,100 $0 $0
2015 $3,323 $67,100 $0 $0
2013 -- $57,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Darrell Deward

    Seller's Agent in 2020

    Darrell Deward

    Icon Realty Group LLC

    (616) 537-6890

    3 in this area

    293 Total Sales

    Darrell Deward
    Section Image
  • Andy Richter

    Buyer's Agent in 2020

    Andy Richter

    Richter Company

    (616) 293-7035

    49 Total Sales

    Andy Richter
    Section Image

  • A

    Buyer's Agent in 2020

    Andrew Richter

    FS Realty LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20009382

Southwestern Michigan Association of REALTORS®

APN: 41-18-32-454-031

Michigan Kent County Grand Rapids 49508 Ridgebrook

1231 60th St SE, Grand Rapids, MI

This home is located at 1231 60th St SE, Grand Rapids, MI 49508 since 11 March 2020 and is currently estimated at $502,537. This property was built in 1978. 1231 60th St SE is a home located in Kent County with nearby schools including Glenwood Elementary School, Valleywood Middle School, and East Kentwood Freshman Campus.

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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