NOT LISTED FOR SALE

1271 60th St SE Grand Rapids, MI 49508

Ridgebrook Neighborhood

Estimated Value: $472,738 - $539,000

-- Bed
-- Bath
-- Sq Ft
0.5 Acres

Last Sold February 12, 2021

Last sale price $380,000

Est. 33% increase in value since last sale

Current estimated payment $3,447/month

2 Days on Market

Highlights

  • 1 Fireplace
  • Hot Water Heating System
  • Laundry Facilities
  • East Kentwood High School Rated A-
  • 8 Car Garage
  • High Speed Internet

About This Home

As of February 2021

Very desirable location with this built-as all-brick - 4 unit apartment building with identical 2 bedroom units and front and rear access. Located right by the M6/ Kalamazoo corridor (along with all the conveniences- Meijer, etc.), this property has the capability of generating optimal rents. Each unit has a private deck or patio and offers carport parking to keep the tenants' vehicles out of the weather. Bonus- one garage stall. On-site laundry (coin-operated for more owner-revenue). Long term (several-year) tenants all month-to-month. Loaded with the potential of generating much more revenue (rents are very low). Contact agent for simple ideas to make this property even more profitable. Certificate of Compliance through September 2022. Note: Can be bought as a package with 1251 60th.

Last Agent to Sell the Property

Darrell Deward

Icon Realty Group LLC License #6501380865 Listed on: 10/20/2020

Icon Realty Group LLC

Last Buyer's Agent

Jeff Northouse

42 North Realty Group License #6501236995

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,287

Year Built

  • Built in 1973

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 145x150

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Fireplace

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 8 Car Garage
  • Carport

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,287

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Walk Out, Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 390000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes

Utilities

  • Heating: Hot Water, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Broadband Available, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Dimensions: 145x150
  • Lot Size Sq Ft: 21780.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4287.15
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Feb 12, 2021
Sold by
Zylstra John G
Bought by
2Js Enterprices Llc
Seller's Agent
Darrell Deward
Icon Realty Group LLC
Buyer's Agent
Jeff Northouse
42 North Realty Group
List Price
$390,000
Sold Price
$380,000
Premium/Discount to List
-$10,000
-2.56%
Total Days on Market
2
Current Estimated Value
$505,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,435
Avg. Annual Appreciation
6.80%
Original Mortgage
$500,000
Outstanding Balance
$455,635
Interest Rate
2.9%
Mortgage Type
Credit Line Revolving
Estimated Equity
$48,843

Purchase Details

Closed on
Dec 2, 2015
Sold by
Balkema Properties Llc
Bought by
John G Zylstra Family Trust

Purchase Details

Closed on
Mar 28, 2014
Sold by
Balkema Properties Partnership
Bought by
Balkema Properties Llc

Purchase Details

Closed on
Sep 29, 2006
Sold by
Kamminga Bonnie
Bought by
Balkema Properties Partnership
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
2Js Enterprices Llc $380,000 None Available
John G Zylstra Family Trust $153,000 Grand Rapids Title Co
Balkema Properties Llc -- None Available
Balkema Properties Partnership $213,900 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2J S Enterprises Llc $500,000
Closed 2J Enterprises Llc $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2021 02/12/21 Sold $380,000 -2.6% --
10/22/2020 10/22/20 Pending -- -- --
10/20/2020 10/20/20 For Sale $390,000 -- --
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
2024 $7,323 $202,600 $0 $0
2023 $9,031 $198,600 $0 $0
2022 $8,567 $154,100 $0 $0
2021 $4,335 $127,300 $0 $0
2020 $3,123 $125,400 $0 $0
2019 $4,236 $117,500 $0 $0
2018 $4,130 $89,900 $0 $0
2017 $4,030 $71,000 $0 $0
2016 $3,935 $67,100 $0 $0
2015 $3,639 $67,100 $0 $0
2013 -- $57,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Darrell Deward

    Seller's Agent in 2021

    Darrell Deward

    Icon Realty Group LLC

    (616) 537-6890

    3 in this area

    305 Total Sales

    Darrell Deward
    Section Image
  • Jeff Northouse

    Buyer's Agent in 2021

    Jeff Northouse

    42 North Realty Group

    (616) 366-5240

    2 in this area

    82 Total Sales

    Jeff Northouse
    Section Image

  • J

    Buyer's Agent in 2021

    Jeffrey Northouse

    Greenridge Realty (West)

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20044206

Southwestern Michigan Association of REALTORS®

APN: 41-18-32-454-033

Michigan Kent County Grand Rapids 49508 Ridgebrook

1271 60th St SE, Grand Rapids, MI

This home is located at 1271 60th St SE, Grand Rapids, MI 49508 since 20 October 2020 and is currently estimated at $505,435. This property was built in 1973. 1271 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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