NOT LISTED FOR SALE

Estimated Value: $448,000 - $540,000

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

Last Sold July 03, 2013

Last sale price $170,000

Est. 195% increase in value since last sale

Current estimated payment $3,068/month

68 Days on Market

About This Home

As of July 2013

Mid-Century motif BRICK 4 Family in a Prime Northeast Area! Each unit is: Town-home Style, 2 bedroom, 1 bath, kitchen, dining area and large living room with full private basements. Living room and dining area have beautiful wood ceilings. Upstairs bedrooms have vaulted wood ceilings and hard wood floors. Large Spacious Units and 4 carports. Close to busing, restaurants, shopping and downtown Grand Rapids.

Last Agent to Sell the Property

Tiffany Ireland

Grand Rapids Realty Listed on: 04/08/2013

Last Buyer's Agent

Michael Ross

Grand Rapids Realty License #6502126663

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,666

Year Built

  • Built in 1961

Lot Details

  • 0.28 Acre Lot
  • Cul-De-Sac

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 3 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,666

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 159900.0
  • Lot Features: Cul-De-Sac, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Sq Ft: 11990.0
  • Zoning Description: R-2

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3666.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2014
Sold by
Scharf Robert D and Scharf Suzanne C
Bought by
Orcutt Larry
Current Estimated Value
$501,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Outstanding Balance
$100,317
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$401,681

Purchase Details

Listed on
Apr 8, 2013
Closed on
Jun 20, 2013
Sold by
Fifth Third Bank
Bought by
Scharf Robert D and Orcutt Larry
Seller's Agent
Tiffany Ireland
Grand Rapids Realty
Buyer's Agent
Michael Ross
Grand Rapids Realty
List Price
$159,900
Sold Price
$170,000
Premium/Discount to List
$10,100
6.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
Original Mortgage
$127,500
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 25, 2012
Sold by
Terpstra Richard L and Terpstra Kristi L
Bought by
Fifth Third Bank

Purchase Details

Closed on
Jun 12, 1997
Sold by
Tlsm Rzm
Bought by
Orcutt Larry Scharf Robert D

Purchase Details

Closed on
Jun 5, 1997
Bought by
Terpstra Richard L and Terpstra Kristi

Purchase Details

Closed on
Feb 18, 1997
Sold by
Tlsm Est
Bought by
Tlsm and Tlsm Rzma
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
Orcutt Larry -- Cascade Title Agency Llc
Scharf Robert D $170,000 None Available
Fifth Third Bank $125,000 None Available
Orcutt Larry Scharf Robert D $51,200 --
Terpstra Richard L $155,000 --
Tlsm -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orcutt Larry $130,900
Previous Owner Scharf Robert D $127,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2013 07/03/13 Sold $170,000 +6.3% --
06/15/2013 06/15/13 Pending -- -- --
04/08/2013 04/08/13 For Sale $159,900 -- --
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
2025 $4,875 $215,300 $0 $0
2024 $4,875 $156,800 $0 $0
2023 $4,659 $156,800 $0 $0
2022 $4,596 $136,300 $0 $0
2021 $4,478 $126,700 $0 $0
2020 $4,328 $126,700 $0 $0
2019 $4,431 $100,600 $0 $0
2018 $4,296 $95,300 $0 $0
2017 $4,190 $86,400 $0 $0
2016 $4,211 $83,200 $0 $0
2015 $4,012 $83,200 $0 $0
2013 -- $72,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13018200

Southwestern Michigan Association of REALTORS®

APN: 41-14-17-352-023