NOT LISTED FOR SALE

1338 Buffalo Ave NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $234,946 - $269,000

-- Bed
-- Bath
-- Sq Ft
6,600 Sq Ft Lot

Last Sold January 12, 2018

Last sale price $135,000

Est. 85% increase in value since last sale

Current estimated payment $1,555/month

3 Days on Market

Highlights

  • Forced Air Heating System
  • Level Lot
  • Wood Siding
  • Laundry Facilities

About This Home

As of January 2018

Excellent investment or owner-occupied opportunity. Turn-key duplex in the up & coming Plainfield/Creston Corridor convient to Medical, schools, shopping, restaurants, etc. Spacious 2-bedroom lower unit with large bedrooms, huge living room, bathroom with claw foot tub/shower, lots of storage, nice sized kitchen/eating area with pantry, includes appliances. Darling 1-bedroom upper unit with balcony has long term month to month (under market rent) tenant. New vinyl siding and roof, all exterior trim freshly painted. Private entrances, off-street parking, deep back yard, clean dry basement includes washer and dryer, separate gas and electric meters, code compliant until 2020. Tenant rights apply. Seller is licensed Realtor in the state of MI.

Last Agent to Sell the Property

Dawn Longcore

Clarity Realty LLC License #6501320081 Listed on: 11/29/2017

Clarity Realty LLC

Co-Listed By

Megan Bruggema

Clarity Realty LLC

Last Buyer's Agent

Michael O`Hara

Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6501225408

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,468

Year Built

  • Built in 1912

Lot Details

  • 6,600 Sq Ft Lot
  • Lot Dimensions are 50'x132'
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding
  • Vinyl Siding

Basement

  • Michigan Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

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

Community Details

Building Details

  • Insurance Expense $689
  • Maintenance Expense $575
  • Utility Expense $1,080
  • Gross Income $13,000
  • Net Operating Income $9,137

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,468

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1912
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50'x132'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1468.0
  • Tax Info:Zoning3: Res improved
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Heat Type:Space Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 124900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Space Heater, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6600.0
  • Zoning Description: Res improved
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 13000.0
  • Insurance Expense: 689.0
  • Maintenance Expense: 575.0
  • Net Operating Income: 9137.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1468.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2017
Closed on
Jan 11, 2018
Sold by
Amato Christopher and Amato Maegan
Bought by
Amato Group Llc
Seller's Agent
Dawn Longcore
Clarity Realty LLC
Buyer's Agent
Michael O`Hara
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$124,900
Sold Price
$135,000
Premium/Discount to List
$10,100
8.09%
Current Estimated Value
$249,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,237
Avg. Annual Appreciation
8.33%
Original Mortgage
$101,250
Outstanding Balance
$85,668
Interest Rate
3.86%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$163,569

Purchase Details

Listed on
Nov 29, 2017
Closed on
Jan 10, 2018
Sold by
1338 Buffalo Llc
Bought by
Ameto Christopher and Ameto Maegan
Seller's Agent
Dawn Longcore
Clarity Realty LLC
Buyer's Agent
Michael O`Hara
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$124,900
Sold Price
$135,000
Premium/Discount to List
$10,100
8.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Outstanding Balance
$85,668
Interest Rate
3.86%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$163,569

Purchase Details

Closed on
Aug 8, 2014
Sold by
Longcore Dawn R
Bought by
1338 Buffalo Llc

Purchase Details

Closed on
Oct 15, 2008
Sold by
Lund Jeffrey D and Lund Pamela J
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 30, 2004
Sold by
Baker Bart T and Baker Annette A
Bought by
Lund Jeffrey D and Lund Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 1999
Sold by
Plymth Bk and Plymth Baker B
Bought by
Baker Baker B and Baker A

Purchase Details

Closed on
May 27, 1998
Sold by
Plymouth Sh and Plymouth Sav Bank
Bought by
Longcore Dawn R

Purchase Details

Closed on
Sep 15, 1989

Purchase Details

Closed on
Jul 1, 1989

Purchase Details

Closed on
Jun 23, 1989
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
Amato Group Llc -- Title Resource Agency
Ameto Christopher $135,000 None Available
1338 Buffalo Llc -- None Available
Wells Fargo Bank Na $57,800 None Available
Lund Jeffrey D $80,000 --
Baker Baker B $30,000 --
Longcore Dawn R -- --
-- $39,500 --
-- $44,600 --
-- $44,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ameto Christopher $101,250
Previous Owner Lund Jeffrey D $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2018 01/12/18 Sold $135,000 +8.1% --
12/02/2017 12/02/17 Pending -- -- --
11/29/2017 11/29/17 For Sale $124,900 -- --
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 $2,501 $98,000 $0 $0
2024 $2,501 $82,400 $0 $0
2023 $2,481 $69,800 $0 $0
2022 $2,358 $61,200 $0 $0
2021 $2,297 $55,400 $0 $0
2020 $2,220 $50,200 $0 $0
2019 $2,273 $42,600 $0 $0
2018 $1,456 $36,000 $0 $0
2017 $1,420 $29,100 $0 $0
2016 $1,427 $26,600 $0 $0
2015 $1,360 $26,600 $0 $0
2013 -- $27,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Dawn Longcore

    Clarity Realty LLC

    (616) 301-3330

    2 in this area

    27 Total Sales

    Dawn Longcore
    Section Image

  • M

    Seller Co-Listing Agent in 2018

    Megan Bruggema

    Clarity Realty LLC

    (616) 822-1814

    3 in this area

    35 Total Sales

    Megan Bruggema
    Section Image

  • M

    Buyer's Agent in 2018

    Michael O`Hara

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 291-3875

    1 in this area

    100 Total Sales

    Michael O`Hara
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17057436

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-377-009

Michigan Kent County Grand Rapids 49505 Creston

1338 Buffalo Ave NE, Grand Rapids, MI

This home is located at 1338 Buffalo Ave NE, Grand Rapids, MI 49505 since 29 November 2017 and is currently estimated at $249,237. This property was built in 1912. 1338 Buffalo Ave NE is a home located in Kent County with nearby schools including Palmer School, Riverside Middle School, and Union 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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