NOT LISTED FOR SALE

1247 Sherman St SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $390,781 - $469,000

-- Bed
2 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold July 07, 2023

Last sale price $382,500

Est. 10% increase in value since last sale

Current estimated payment $2,851/month

5 Days on Market

Highlights

  • 1 Fireplace
  • Level Lot
  • 4-minute walk to Sigsbee Park
  • Forced Air Heating System
  • Wood Siding

About This Home

As of July 2023

This rare side by side 2 unit is a great opportunity for investors or owner occupants! Prime location close to Eastown, Gaslight Village, and many local favorites for amenities and entertainment. Each units boasts a large living area, 3 bedrooms and 1.5 baths. The large kitchens have tons of storage and plenty of counter space. Each unit has a full print private basement with tall ceilings. The property has a great porch for sunny mornings and plenty of off street parking. One unit is currently vacant and the other is rented out. Don't miss your chance to own this fantastic multi-family property! Any and all offers are due June 12th at 5pm.

Last Agent to Sell the Property

Connor Anderson

MOXIE Real Estate + Development License #6506049133 Listed on: 06/07/2023

Last Buyer's Agent

David Van Dam

Five Star Real Estate (Grandv)

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,424

Year Built

  • Built in 1922

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions are 40 x 125
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

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

$2,424

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1922
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40 X 125
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2424.0
  • Tax Info:Zoning3: RESIDENTIAL-IMP
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • 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
  • 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
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Brick, Wood Siding
  • List Price: 370000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 40 X 125
  • Lot Size Sq Ft: 5009.0
  • Zoning Description: RESIDENTIAL-IMP
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2424.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Jul 7, 2023
Sold by
Grb Properties Llc
Bought by
Williams David R and Williams Tara N
Seller's Agent
Connor Anderson
MOXIE Real Estate + Development
Buyer's Agent
David Van Dam
Five Star Real Estate (Grandv)
List Price
$370,000
Sold Price
$382,500
Premium/Discount to List
$12,500
3.38%
Views
23
Current Estimated Value
$419,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,195
Avg. Annual Appreciation
4.21%
Original Mortgage
$286,875
Outstanding Balance
$279,929
Interest Rate
6.71%
Mortgage Type
Construction
Estimated Equity
$139,766

Purchase Details

Listed on
Sep 2, 2014
Closed on
Oct 31, 2014
Sold by
Dykstra Gary and Dykstra Kelli
Bought by
Grb Properties Llc
Seller's Agent
Julie Grevengoed
Clarity Realty LLC
Buyer's Agent
Jeremy Duprey
United Realty Services LLC
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.58%
Original Mortgage
$96,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 27, 2014
Closed on
Jul 25, 2014
Sold by
Residential Group 231 Llc
Bought by
Dykstra Gary
Seller's Agent
Lois Maljak
Sterling Realty Co LLC
Buyer's Agent
Lois Maljak
Sterling Realty Co LLC
List Price
$39,900
Sold Price
$35,000
Premium/Discount to List
-$4,900
-12.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1202.94%

Purchase Details

Closed on
Jun 12, 2013
Sold by
Franson Brian
Bought by
Residential Group 231 Llc

Purchase Details

Closed on
Jun 30, 2006
Sold by
Zilkie Jeremy and Zilkie Julie
Bought by
Franson Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,840
Interest Rate
6.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 2000
Sold by
Mln Mln R R and Mln Milno R
Bought by
Residential Group 231 Llc

Purchase Details

Closed on
Oct 15, 1999
Sold by
Blackwell Blackwell R R and Blackwell Milano R
Bought by
Milano R and Residential Group 231 Llc

Purchase Details

Closed on
Dec 22, 1994

Purchase Details

Closed on
Dec 21, 1994

Purchase Details

Closed on
May 4, 1993
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
Williams David R $382,500 Bell Title
Grb Properties Llc $70,000 First American Title Ins Co
Dykstra Gary $35,000 None Available
Residential Group 231 Llc $114,378 None Available
Franson Brian $104,800 Keystone Lighthouse Title In
Residential Group 231 Llc -- --
Milano R $42,000 --
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams David R $286,875
Previous Owner Grb Properties Llc $96,000
Previous Owner Franson Brian $83,840
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2023 07/07/23 Sold $382,500 +3.4% --
06/12/2023 06/12/23 Pending -- -- --
06/07/2023 06/07/23 For Sale $370,000 +428.6% --
10/31/2014 10/31/14 Sold $70,000 -12.4% -- View Prior Sale
10/02/2014 10/02/14 Pending -- -- --
09/02/2014 09/02/14 For Sale $79,900 +128.3% --
07/25/2014 07/25/14 Sold $35,000 -12.3% $13 / Sq Ft View Prior Sale
07/15/2014 07/15/14 Pending -- -- --
06/27/2014 06/27/14 For Sale $39,900 -- $14 / 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 $7,399 $161,100 $0 $0
2024 $7,399 $148,300 $0 $0
2023 $2,457 $129,700 $0 $0
2022 $2,424 $106,800 $0 $0
2021 $2,362 $95,900 $0 $0
2020 $2,283 $81,800 $0 $0
2019 $2,266 $67,700 $0 $0
2018 $2,266 $57,000 $0 $0
2017 $2,210 $48,100 $0 $0
2016 $2,221 $39,500 $0 $0
2015 $2,329 $39,500 $0 $0
2013 -- $39,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Connor Anderson

    Seller's Agent in 2023

    Connor Anderson

    MOXIE Real Estate + Development

    (616) 648-6353

    2 in this area

    128 Total Sales

    Connor Anderson
    Section Image
  • David Van Dam

    Buyer's Agent in 2023

    David Van Dam

    Five Star Real Estate (Grandv)

    (616) 890-8011

    1 in this area

    106 Total Sales

    David Van Dam
    Section Image

  • D

    Buyer's Agent in 2023

    David VanDam

    Keller Williams GR East

  • Julie Grevengoed

    Seller's Agent in 2014

    Julie Grevengoed

    Clarity Realty LLC

    (616) 466-4539

    110 Total Sales

    Julie Grevengoed
    Section Image

  • L

    Seller's Agent in 2014

    Lois Maljak

    Sterling Realty Co LLC

  • S

    Seller Co-Listing Agent in 2014

    Sarah Hodges

    Sterling Realty Co LLC

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23019276

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-207-027

Michigan Kent County Grand Rapids 49506 Eastown

1247 Sherman St SE, Grand Rapids, MI

This home is located at 1247 Sherman St SE, Grand Rapids, MI 49506 since 07 June 2023 and is currently estimated at $419,695. This property was built in 1922. 1247 Sherman 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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