NOT LISTED FOR SALE

1324 Prospect Ave SE Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $178,000 - $219,000

-- Bed
-- Bath
-- Sq Ft
5,719 Sq Ft Lot

Last Sold April 22, 2024

Last sale price $197,000

Est. 3% increase in value since last sale

Current estimated payment $1,250/month

27 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • High Speed Internet
  • Window Unit Cooling System

About This Home

As of April 2024

**BACK ON MARKET** Recently vacated main level unit (new photos) perfect for an owner occupant ''house hacker''. The main level unit has 2 bedrooms, full basement, dedicated driveway, and private fenced backyard! We can also rent the main unit for around $1,200-$1,300 if you'd like a turnkey, rental. This duplex is in an Opportunity Zone which may carry special tax incentives for investors (see attached info sheet) . The upper unit is a studio and rents for $950 on a MTM lease. Recent city cert good through 2027. Certification can transfer to the new owner without the need of another city inspection up until June 1st. You can request a showing through showingtime at least 24 hours in advance.

Last Agent to Sell the Property

Kelly Idema

Bellabay Realty LLC License #6502380676 Listed on: 03/18/2024

Bellabay Realty LLC

Last Buyer's Agent

Ignacio Peralta

Bellabay Realty LLC License #6501429975

Bellabay Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1910

Lot Details

  • 5,719 Sq Ft Lot
  • Lot Dimensions are 133x43

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Window Unit Heating System
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 133x43
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1200.0
  • Tax Info:Zoning3: Res
  • 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
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Heat Type:Wall Furnace: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 199000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Wall Furnace, Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Storm Sewer Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Dimensions: 133x43
  • Lot Size Sq Ft: 5719.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1200.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2024
Closed on
Apr 22, 2024
Sold by
Future 4 Properties Llc
Bought by
Reyes Gilson Eduardo Cald and Reyes Everilda R
Seller's Agent
Kelly Idema
Bellabay Realty LLC
Buyer's Agent
Ignacio Peralta
Bellabay Realty LLC
List Price
$199,000
Sold Price
$197,000
Premium/Discount to List
-$2,000
-1.01%
Views
80
Current Estimated Value
$203,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,269
Avg. Annual Appreciation
-0.15%
Original Mortgage
$147,750
Outstanding Balance
$146,036
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$50,582

Purchase Details

Closed on
Jan 8, 2024
Sold by
Jerl Properties Llc
Bought by
Future 4 Properties Llc

Purchase Details

Closed on
Nov 9, 2017
Sold by
Anderson Richard
Bought by
Jerl Properties Llc

Purchase Details

Listed on
Feb 22, 2016
Closed on
Jun 9, 2016
Sold by
Parkinson Wesley and Parkinson Cindy
Bought by
Anderson Richard
Seller's Agent
Mark Troy
Compass Realty Services
Buyer's Agent
Tiffiny Forrester
Coopersville Area Real Estate
List Price
$64,900
Sold Price
$52,000
Premium/Discount to List
-$12,900
-19.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.63%

Purchase Details

Closed on
Jan 10, 2014
Sold by
Parkinson Wesley and Parkinson Cindy
Bought by
Parkinson Wesley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,600
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2006
Sold by
Townsend Lee F
Bought by
Parkinson Wesley

Purchase Details

Closed on
Apr 1, 1994
Sold by
Townsnd Townsnd M M and Townsnd Townsend L
Bought by
Parkinson Wesley

Purchase Details

Closed on
May 31, 1991
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
Reyes Gilson Eduardo Cald $197,000 Next Door Title
Future 4 Properties Llc $175,000 Next Door Title
Jerl Properties Llc -- None Available
Anderson Richard $52,000 Star Title Agency Llc
Parkinson Wesley -- None Available
Parkinson Wesley $50,000 None Available
Parkinson Wesley -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reyes Gilson Eduardo Cald $147,750
Previous Owner Parkinson Wesley $55,600
Previous Owner Parkinson Wesley R $59,500
Previous Owner Parkinson Wesley $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2024 04/22/24 Sold $197,000 -1.0% --
03/26/2024 03/26/24 Pending -- -- --
03/18/2024 03/18/24 Price Changed $199,000 0.0% --
03/18/2024 03/18/24 For Sale $199,000 -4.8% --
03/07/2024 03/07/24 Off Market $209,000 -- --
02/28/2024 02/28/24 For Sale $209,000 +301.9% --
06/09/2016 06/09/16 Sold $52,000 -19.9% --
04/02/2016 04/02/16 Pending -- -- --
02/22/2016 02/22/16 For Sale $64,900 -- --
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 $1,534 $73,000 $0 $0
2024 $1,534 $63,400 $0 $0
2023 $1,522 $56,400 $0 $0
2022 $1,446 $47,000 $0 $0
2021 $1,409 $42,600 $0 $0
2020 $1,362 $36,600 $0 $0
2019 $1,395 $30,600 $0 $0
2018 $1,376 $26,000 $0 $0
2017 $1,319 $21,900 $0 $0
2016 $1,171 $24,000 $0 $0
2015 $1,203 $24,000 $0 $0
2013 -- $22,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kelly Idema

    Bellabay Realty LLC

    (616) 813-5384

    3 in this area

    94 Total Sales

    Section Image

  • I

    Buyer's Agent in 2024

    Ignacio Peralta

    Bellabay Realty LLC

    (616) 204-0587

    4 in this area

    104 Total Sales

    Section Image
  • Mark Troy

    Seller's Agent in 2016

    Mark Troy

    Compass Realty Services

    (616) 452-4200

    15 Total Sales

    Section Image

  • T

    Buyer's Agent in 2016

    Tiffiny Forrester

    Coopersville Area Real Estate

    (616) 558-0926

    8 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24009493

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-129-023

Michigan Kent County Grand Rapids 49507 Southeast Community Association

1324 Prospect Ave SE, Grand Rapids, MI

This home is located at 1324 Prospect Ave SE, Grand Rapids, MI 49507 since 18 March 2024 and is currently estimated at $203,269. This property was built in 1910. 1324 Prospect Ave 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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