NOT LISTED FOR SALE

1238 Northfield Ave NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $496,000 - $619,000

-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Last Sold November 10, 2023

Last sale price $525,000

Est. 6% increase in value since last sale

Current estimated payment $3,597/month

1 Day on Market

Highlights

  • 1 Fireplace
  • High Speed Internet
  • Level Lot
  • Forced Air Heating System

About This Home

As of November 2023

Investors: Check out this Grand Rapids NE brick 4-unit apartment bldg with a mid-century modern flair! Well-constructed & solid. Even the dividing walls are concrete! Units are the same with 2 bedrooms, 1 bath, & full basements with laundry hookups! Basements could be finished for future expansion. Many updates, easy maintenance grounds & 4 carport stalls (1 per unit)! Great location close to downtown GR restaurants, schools & bus routes. Professionally managed by Urban Farm P.M. 3 tenants on month-to-month leases for flexibility. 1 new tenant signed lease until July 31, 2024 (unit still vacant & viewable). After accepted offer, seller to make other units available to be seen, lessening inconvenience to tenants. Looking for a great investment to add to your portfolio? Look no further!

Last Agent to Sell the Property

Tanner Whitcomb

Five Star Real Estate (Main) License #6502382347 Listed on: 10/04/2023

Five Star Real Estate (Main)

Co-Listed By

Ryan Faber

Five Star Real Estate (Main)

Last Buyer's Agent

Vung Mang

VJ Real Estate License #6506048789

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,568

Year Built

  • Built in 1961

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 109x111
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Carport
  • Driveway
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Units
  • Gross Income $48,720

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,568

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1961
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 109x111
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5568.0
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Extras:Sep Gas Meter: Yes
  • Roofing:Rubber: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 525000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway, Concrete, Paved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Carports: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available, Storm Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Dimensions: 109x111
  • Lot Size Sq Ft: 12110.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 48720.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 5568.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2023
Closed on
Nov 9, 2023
Sold by
Orcutt Larry A
Bought by
True House Llc
Seller's Agent
Tanner Whitcomb
Five Star Real Estate (Main)
Buyer's Agent
Vung Mang
VJ Real Estate
List Price
$525,000
Sold Price
$525,000
Views
5
Current Estimated Value
$555,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,577
Avg. Annual Appreciation
3.02%
Original Mortgage
$420,000
Outstanding Balance
$412,659
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$142,918

Purchase Details

Closed on
Aug 24, 2018
Sold by
Impressed Properties Llc
Bought by
Orcutt Larry A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 24, 2014
Sold by
Ppl Property Management Llc
Bought by
Impressed Properties Llc

Purchase Details

Closed on
Dec 1, 1995
Sold by
Budnick Budnick J J and Budnick Geil R
Bought by
Geil R and Ppl Property Management Llc

Purchase Details

Closed on
Oct 20, 1993
Sold by
Budnick Budnick J J and Budnick Ts
Bought by
Ppl Property Management Llc

Purchase Details

Closed on
Jan 2, 1991
Sold by
Post Post K K and Post Budnick J
Bought by
Ppl Property Management Llc

Purchase Details

Closed on
Jul 27, 1987
Bought by
Ppl Property Management Llc

Purchase Details

Closed on
Jul 26, 1987
Bought by
Ppl Property Management Llc

Purchase Details

Closed on
Jul 25, 1987
Bought by
Ppl Property Management Llc

Purchase Details

Closed on
Jan 11, 1982
Bought by
Ppl Property Management Llc
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
True House Llc $525,000 None Listed On Document
Orcutt Larry A -- None Available
Impressed Properties Llc $200,000 None Available
Impressed Properties Llc -- None Available
Geil R $145,000 --
Ppl Property Management Llc -- --
Ppl Property Management Llc $144,500 --
Ppl Property Management Llc $125,800 --
Ppl Property Management Llc $110,000 --
Ppl Property Management Llc $61,600 --
Ppl Property Management Llc $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open True House Llc $420,000
Previous Owner Orcutt Larry A $196,000
Closed Impressed Properties Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2023 11/10/23 Sold $525,000 0.0% --
10/05/2023 10/05/23 Pending -- -- --
10/04/2023 10/04/23 For Sale $525,000 -- --
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 $7,823 $215,300 $0 $0
2024 $7,823 $156,800 $0 $0
2023 $5,858 $156,800 $0 $0
2022 $5,568 $136,300 $0 $0
2021 $5,425 $126,700 $0 $0
2020 $5,243 $126,700 $0 $0
2019 $5,368 $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 $4,253 $83,200 $0 $0
2013 -- $72,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tanner Whitcomb

    Five Star Real Estate (Main)

    (616) 893-5241

    7 in this area

    138 Total Sales

    Tanner Whitcomb
    Section Image

  • R

    Seller Co-Listing Agent in 2023

    Ryan Faber

    Five Star Real Estate (Main)

  • Vung Mang

    Buyer's Agent in 2023

    Vung Mang

    VJ Real Estate

    (616) 485-8138

    2 in this area

    299 Total Sales

    Vung Mang
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23136899

Southwestern Michigan Association of REALTORS®

APN: 41-14-17-352-026

Michigan Kent County Grand Rapids 49505 Creston

1238 Northfield Ave NE, Grand Rapids, MI

This home is located at 1238 Northfield Ave NE, Grand Rapids, MI 49505 since 04 October 2023 and is currently estimated at $555,577. This property was built in 1961. 1238 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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