NOT LISTED FOR SALE

1354 Wealthy St SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $354,413 - $420,000

4 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold September 11, 2015

Last sale price $199,900

Est. 96% increase in value since last sale

Current estimated payment $2,433/month

36 Days on Market

About This Home

As of September 2015

4-Unit Investment Property located on the corner of Giddings and Wealthy. In the heart of Eastown and directly across the street from two new multi-million dollar apartment buildings. Very easy to rent and keep occupied because of the quick walk to dozens of restaurants, stores and bars. One Bedroom apartments are especially difficult to find in this area! Showings to be only Wednesdays between 1-6pm and Saturdays 12-5pm.

Last Agent to Sell the Property

Ryan Ogle

Bluhouse Properties LLC - I License #6502376991 Listed on: 06/03/2015

Bluhouse Properties LLC - I

Co-Listed By

Dan Steffee

Green Crown Real Estate LLC License #6506049140

Last Buyer's Agent

Barbara Newburg

Greenridge Realty (Summit) License #6501307046

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,411

Year Built

  • Built in 1905

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 40x70

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,411

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40x70
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2411.2
  • Tax Info:Zoning3: Residential
  • General Property Info:Total _pound_ Units: 4
  • 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:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 200000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Sq Ft: 3049.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2411.2
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2015
Sold by
Gerdes Andrew
Bought by
Gerdes Properties Llc
Current Estimated Value
$392,353

Purchase Details

Listed on
Jun 3, 2015
Closed on
Sep 11, 2015
Sold by
Christie Holdings Llc
Bought by
Gerdes Andrew
Seller's Agent
Ryan Ogle
Bluhouse Properties LLC - I
Buyer's Agent
Barbara Newburg
Greenridge Realty (Summit)
List Price
$200,000
Sold Price
$199,900
Premium/Discount to List
-$100
-0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.99%
Original Mortgage
$149,900
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2013
Sold by
Devries Fred and Devries Elizabeth
Bought by
Christie Holdings Llc

Purchase Details

Closed on
Dec 17, 2012
Sold by
Christie Holdings Llc
Bought by
Devries Fred

Purchase Details

Closed on
Oct 20, 2010
Sold by
Devries Fred and Devries Elizabeth
Bought by
Christie Holdings Llc

Purchase Details

Closed on
Apr 20, 2010
Sold by
Gr Metro Properties Llc
Bought by
Devries Fred W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
5.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2009
Sold by
Bennett Larry and Bennett Katherine
Bought by
Gr Metro Properties Llc

Purchase Details

Closed on
Aug 1, 2005
Sold by
Bennett Lawrence J and Bennett Katherine E
Bought by
B & K Ventures Llc

Purchase Details

Closed on
Apr 18, 2005
Sold by
Stowell Ronald E and Stowell Geraldine H
Bought by
Bennett Lawrence J and Bennett Katherine E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,620
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 1999
Bought by
Stowell R and Christie Holdings Llc

Purchase Details

Closed on
Apr 29, 1993
Sold by
Piebenga Piebenga D D and Piebenga Walter R
Bought by
Christie Holdings Llc

Purchase Details

Closed on
Mar 18, 1991
Sold by
Pastoor Pastoor D D and Pastoor Piebenga D
Bought by
Christie Holdings Llc
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
Gerdes Properties Llc -- None Available
Gerdes Andrew $199,900 Sun Title Agency Of Mi Llc
Christie Holdings Llc -- None Available
Devries Fred -- None Available
Christie Holdings Llc -- None Available
Devries Fred W $105,000 None Available
Gr Metro Properties Llc $90,000 Chi Title
Bennett Larry -- Chi Title
B & K Ventures Llc -- --
Bennett Lawrence J -- Harbor Title
Stowell R $46,900 --
Christie Holdings Llc $47,000 --
Christie Holdings Llc $30,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gerdes Andrew $149,900
Previous Owner Devries Fred W $77,500
Previous Owner Devries Fred W $78,750
Previous Owner Bennett Lawrence J $31,620
Previous Owner Bennett Lawrence J $126,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2015 09/11/15 Sold $199,900 -0.1% --
07/09/2015 07/09/15 Pending -- -- --
06/03/2015 06/03/15 For Sale $200,000 -- --
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 $3,598 $152,000 $0 $0
2024 $3,598 $123,100 $0 $0
2023 $3,439 $117,000 $0 $0
2022 $3,392 $128,500 $0 $0
2021 $3,305 $95,400 $0 $0
2020 $3,194 $90,600 $0 $0
2019 $3,441 $79,300 $0 $0
2018 $3,171 $74,100 $0 $0
2017 $3,093 $58,100 $0 $0
2016 $3,108 $56,400 $0 $0
2015 $2,464 $56,400 $0 $0
2013 -- $46,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Ryan Ogle

    Bluhouse Properties LLC - I

    Section Image
  • Dan Steffee

    Seller Co-Listing Agent in 2015

    Dan Steffee

    Green Crown Real Estate LLC

    (616) 490-4977

    2 in this area

    111 Total Sales

    Dan Steffee
    Section Image

  • B

    Buyer's Agent in 2015

    Barbara Newburg

    Greenridge Realty (Summit)

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15028514

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-202-014

Michigan Kent County Grand Rapids 49506 Eastown

1354 Wealthy St SE, Grand Rapids, MI

This home is located at 1354 Wealthy St SE, Grand Rapids, MI 49506 since 03 June 2015 and is currently estimated at $392,353. This property was built in 1905. 1354 Wealthy St 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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