NOT LISTED FOR SALE

131 Lexington Ave NW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $215,000 - $319,000

4 Beds
1 Bath
-- Sq Ft
6,724 Sq Ft Lot

Last Sold September 08, 2015

Last sale price $220,000

Est. 13% increase in value since last sale

Current estimated payment $1,409/month

10 Days on Market

Highlights

  • Corner Lot: Yes
  • Hot Water Heating System
  • Wood Siding
  • Forced Air Heating and Cooling System
  • High Speed Internet
  • 2-minute walk to Lexington Park

About This Home

As of September 2015

Solid brick 4-Unit always rented. Location, location, location. Walking distance (1 block) to GVSU, YMCA and restaurants. Easy on, easy off freeway access. Minutes from downtown.
One 2 BD,LR,Kit/EA,MFU,Bath...$850.00
One 1 BD,LR,DR, Kit,Bath...$550.00
Two upper 1 BD,LR,Kit/EA,Bath...$400.00
Separate electric.

Last Agent to Sell the Property

Anthony DeBartolo

DeBartolo Realty - I License #6502353236 Listed on: 08/07/2015

Last Buyer's Agent

James Eerdmans

Icon Realty Group LLC License #6502138981

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,100

Year Built

  • Built in 1900

Lot Details

  • 6,724 Sq Ft Lot
  • Lot Dimensions are 82x82
  • Corner Lot: Yes
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,100

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 44.52
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 82x82
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2100.0
  • Tax Info:Zoning3: multi
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Heat Type:Hot Water: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 229900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Hot Water, Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6724.0
  • Zoning Description: multi
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2100.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2011
Sold by
Old Hickory Partners Llc
Bought by
T Roosevelt Properties Llc
Current Estimated Value
$248,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Outstanding Balance
$31,347
Interest Rate
4.77%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$216,898

Purchase Details

Closed on
Feb 18, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Old Hickory Partners Llc

Purchase Details

Closed on
Feb 17, 2010
Sold by
Crane Joseph
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Nov 30, 2007
Sold by
Rock Investing Llc
Bought by
Crane Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,300
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 13, 2007
Sold by
Blue Sky Investment Co Llc
Bought by
Rock Investing Llc

Purchase Details

Closed on
Nov 4, 2005
Sold by
Bellebay Maintenance & Safeguarding Llc
Bought by
Blue Sky Investment Co Llc

Purchase Details

Closed on
Oct 27, 2004
Sold by
Hoyt Everett A and Hoyt Teresa A
Bought by
Bank Of New York and Amresco Residential Securities Corp Loan

Purchase Details

Closed on
Jul 25, 1997

Purchase Details

Closed on
Jul 21, 1997
Bought by
Hoyt E and T Roosevelt Properties Llc

Purchase Details

Closed on
Apr 5, 1996
Sold by
Tuinstra Tuinstra C C and Tuinstra Hoyt E
Bought by
Hoyt E and T Roosevelt Properties Llc

Purchase Details

Closed on
Feb 17, 1994

Purchase Details

Closed on
Nov 14, 1991

Purchase Details

Closed on
Feb 5, 1990
Sold by
Childs Childs F F and Childs H
Bought by
T Roosevelt Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
T Roosevelt Properties Llc -- Midstate Title
Old Hickory Partners Llc $26,000 Etitle Agency Inc
Federal Home Loan Mortgage Corp $55,800 None Available
Crane Joseph $79,300 None Available
Rock Investing Llc $130,000 None Available
Blue Sky Investment Co Llc $27,500 None Available
Peterson Linnie F -- --
Bank Of New York $34,875 --
-- $14,800 --
Hoyt E $23,800 --
Hoyt E $23,800 --
-- -- --
-- -- --
T Roosevelt Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open T Roosevelt Properties Llc $45,500
Previous Owner Crane Joseph $79,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2015 09/08/15 Sold $220,000 -4.3% --
08/17/2015 08/17/15 Pending -- -- --
08/07/2015 08/07/15 For Sale $229,900 -- --
Source: MichRIC

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 $1,230 $90,300 $0 $0
2024 $1,230 $83,500 $0 $0
2023 $1,176 $67,300 $0 $0
2022 $1,160 $62,800 $0 $0
2021 $1,130 $55,200 $0 $0
2020 $1,092 $49,100 $0 $0
2019 $1,118 $39,100 $0 $0
2018 $1,084 $31,200 $0 $0
2017 $1,058 $27,000 $0 $0
2016 $1,063 $20,700 $0 $0
2015 $1,013 $20,700 $0 $0
2013 -- $21,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Anthony DeBartolo

    DeBartolo Realty - I

    Section Image

  • J

    Buyer's Agent in 2015

    James Eerdmans

    Icon Realty Group LLC

    Section Image
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Map

Source: MichRIC

MLS Number: 15042643

MichRIC

APN: 41-13-25-307-023

Michigan Kent County Grand Rapids 49504 SWAN

131 Lexington Ave NW, Grand Rapids, MI

Not Listed for Sale

MultiFamily

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