NOT LISTED FOR SALE

1340 Plainfield Ave NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $274,000 - $380,000

5 Beds
3 Baths
-- Sq Ft
6,186 Sq Ft Lot

Last Sold January 17, 2020

Last sale price $250,000

Est. 29% increase in value since last sale

Current estimated payment $2,069/month

108 Days on Market

About This Home

As of January 2020

Don't miss the opportunity to invest in one of the fastest growing neighborhoods in the country! This 3-unit investment property is currently being re-positioned in the market with a new roof in 2018, new exterior paint in 2019, and a freshly renewed 3-year City of GR rental certificate in 2019, making it a turn key investment property. The property has been professionally managed & well maintained since acquisition. Tremendous upside potential through increases in rents and/or as a future redevelopment place.

Last Agent to Sell the Property

Bradley Hartwell

NORTH TOWN REAL ESTATE License #6502397225 Listed on: 09/03/2019

Co-Listed By

Jon Lovell

Century 21 Affiliated (GR) License #6501381451

Last Buyer's Agent

Courtney Huntoon

United Realty Services LLC License #6501410904

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,891

Year Built

  • Built in 1900

Lot Details

  • 6,186 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,891

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 265000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6186.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1891.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 3, 2019
Closed on
Jan 17, 2020
Sold by
Bradley Hartwell and Corey Landacre Corey
Bought by
Nice Alterman and Dean Strupp Dean
Seller's Agent
Bradley Hartwell
NORTH TOWN REAL ESTATE
Buyer's Agent
Courtney Huntoon
United Realty Services LLC
List Price
$275,000
Sold Price
$250,000
Premium/Discount to List
-$25,000
-9.09%
Current Estimated Value
$322,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,108
Avg. Annual Appreciation
4.24%
Original Mortgage
$171,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2018
Sold by
Sutton Charles J and Sutton Jan D
Bought by
Hartwell Bradley and Landacre Corey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 1997
Sold by
Stnsn Prsk
Bought by
Peters William F and Peters Inda C

Purchase Details

Closed on
Mar 31, 1995
Sold by
Zobro Zobro P P and Zobro Stanson A
Bought by
Sutton Stanson A and Sutton Charles J

Purchase Details

Closed on
Sep 16, 1991
Sold by
Bergsma Bergsma K K and Bergsma Zobro P
Bought by
Sutton Charles J

Purchase Details

Closed on
Sep 15, 1991
Sold by
Smith Smith J J and Smith Bergsma K
Bought by
Sutton Charles J

Purchase Details

Closed on
Sep 14, 1987
Bought by
Sutton Charles J
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
Nice Alterman $250,000 Sun Title Agency Of Mi Llc
Hartwell Bradley -- Sun Title Agency Of Michigan
Peters William F $54,900 --
Sutton Stanson A $48,800 --
Sutton Charles J $42,000 --
Sutton Charles J $25,000 --
Sutton Charles J $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nice Alterman $171,750
Previous Owner Hartwell Bradley $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2020 01/17/20 Sold $250,000 -9.1% --
12/20/2019 12/20/19 Pending -- -- --
09/03/2019 09/03/19 For Sale $275,000 -- --
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
2025 $4,335 $134,200 $0 $0
2024 $4,335 $114,300 $0 $0
2023 $4,300 $96,600 $0 $0
2022 $4,087 $96,800 $0 $0
2021 $4,213 $76,300 $0 $0
2020 $3,075 $67,400 $0 $0
2019 $3,148 $59,000 $0 $0
2018 $1,891 $47,200 $0 $0
2017 $1,844 $39,500 $0 $0
2016 $1,853 $35,900 $0 $0
2015 $1,766 $35,900 $0 $0
2013 -- $37,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Bradley Hartwell

    NORTH TOWN REAL ESTATE

    (616) 250-0622

    Bradley Hartwell
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jon Lovell

    Century 21 Affiliated (GR)

    Section Image

  • C

    Buyer's Agent in 2020

    Courtney Huntoon

    United Realty Services LLC

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19042835

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-357-005

Michigan Kent County Grand Rapids 49505 Creston

1340 Plainfield Ave NE, Grand Rapids, MI

This home is located at 1340 Plainfield Ave NE, Grand Rapids, MI 49505 since 03 September 2019 and is currently estimated at $322,108. This property was built in 1900. 1340 Plainfield 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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