$243,000
SOLD SEP 25, 2018

138 Union Ave NE Unit 140 Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood
-- Bed
-- Bath
-- Sq Ft
5,009 Sq Ft Lot

Recently Sold

3% Below List Price

4 Days on Market

About This Home

As of March 2023

Investors take note! Beautiful 2-unit home in Heritage Hill available for sale. Located a block from Martha's Vineyard and everything Lyon Street has to offer! Great opportunity for investors and those looking for an owner occupied opportunity! It has rented quickly in the past. Home has original hardwood floors and enjoys easy flowing floor-plans. With a bit of TLC this home will really shine. Call us today to see all the potential for yourself!

Last Agent to Sell the Property

Steven Volkers

Berkshire Hathaway HomeServices Michigan Real Estate Listed on: 09/07/2018

Co-Listed By

Maria Kauffman

Berkshire Hathaway HomeServices Michigan Real Estate

Last Buyer's Agent

Mitchell Luban

Edison Brokers & Co LLC License #6506047711

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,117

Year Built

  • Built in 1890

Home Design

  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 5,009 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,117

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 250000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5009.0
  • Zoning Description: 401 Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4117.42
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
Mar 16, 2023
Sold by
Union Avenue Ne Trust and Rick Justin Shawn
Bought by
Westrate Ventures Llc
Seller's Agent
Mitchell Luban
Edison Brokers & Co LLC
Buyer's Agent
Mitchell Luban
Edison Brokers & Co LLC
List Price
$355,000
Sold Price
$355,000
Current Estimated Value
$570,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$215,626
Avg. Annual Appreciation
20.28%
Original Mortgage
$409,500
Outstanding Balance
$396,551
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$174,075

Purchase Details

Closed on
Jan 24, 2022
Sold by
Justin Rick
Bought by
Union Avenue Ne Trust

Purchase Details

Closed on
Nov 23, 2021
Sold by
138-140 Union Avenue Ne Trust
Bought by
Rick Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,750
Interest Rate
2.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2019
Sold by
Rick Justin
Bought by
Smith Scott Royal and 138 140 Union Avenue Ne Trust

Purchase Details

Listed on
Sep 7, 2018
Closed on
Sep 21, 2018
Sold by
Straayer Andrew
Bought by
Rick Justin
Seller's Agent
Steven Volkers
Berkshire Hathaway HomeServices Michigan Real Estate
Buyer's Agent
Mitchell Luban
Edison Brokers & Co LLC
List Price
$250,000
Sold Price
$243,000
Premium/Discount to List
-$7,000
-2.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.93%

Purchase Details

Closed on
Mar 16, 2007
Sold by
Feldbaur Deny
Bought by
Straayer Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,952
Interest Rate
6.27%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 2, 2006
Sold by
Breidenstein John
Bought by
Feldbauer Deny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
9.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 23, 2005
Sold by
Breidenstein John
Bought by
Wachovia Bank Na and Long Beach Mortgage Loan Trust 2002-3

Purchase Details

Closed on
Jul 6, 1994
Sold by
Chamelly Chamelly K K and Chamelly Breidenst
Bought by
Straayer Andrew

Purchase Details

Closed on
Feb 8, 1990
Sold by
George George K K and George Chamelly K
Bought by
Straayer Andrew

Purchase Details

Closed on
Sep 24, 1987

Purchase Details

Closed on
Feb 28, 1987

Purchase Details

Closed on
May 15, 1985

Purchase Details

Closed on
Jun 27, 1984
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 Type Sale Price Title Company
Warranty Deed $355,000 None Listed On Document
Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed -- None Available
Warranty Deed $243,000 Lighthose Title Agency
Warranty Deed $163,690 None Available
Warranty Deed $153,000 None Available
Sheriffs Deed $112,737 --
Warranty Deed $57,000 --
Quit Claim Deed -- --
Deed $11,000 --
Deed $60,000 --
Deed $53,500 --
Deed $25,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $409,500 New Conventional
Previous Owner $256,750 New Conventional
Previous Owner $130,952 Commercial
Previous Owner $130,000 Commercial
Closed $0 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $355,000 0.0% --
03/10/2023 03/10/23 For Sale $355,000 +46.1% --
09/25/2018 09/25/18 Sold $243,000 -2.8% --
09/11/2018 09/11/18 Pending -- -- --
09/07/2018 09/07/18 For Sale $250,000 -- --
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 $13,495 $278,900 $0 $0
2024 $13,495 $268,800 $0 $0
2023 $8,520 $238,200 $0 $0
2022 $8,097 $202,200 $0 $0
2021 $7,890 $200,100 $0 $0
2020 $7,625 $183,800 $0 $0
2019 $7,380 $138,300 $0 $0
2018 $4,221 $108,700 $0 $0
2017 $4,117 $99,100 $0 $0
2016 $4,138 $84,900 $0 $0
2015 $3,942 $84,900 $0 $0
2013 -- $76,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mitchell Luban

    Edison Brokers & Co LLC

    (616) 375-0775

    3 in this area

    107 Total Sales

    Mitchell Luban
    Section Image

  • S

    Seller's Agent in 2018

    Steven Volkers

    Berkshire Hathaway HomeServices Michigan Real Estate

  • M

    Seller Co-Listing Agent in 2018

    Maria Kauffman

    Berkshire Hathaway HomeServices Michigan Real Estate

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18044255

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-234-015

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

138 Union Ave NE Unit 140, Grand Rapids, MI

This home is located at 138 Union Ave NE Unit 140, Grand Rapids, MI 49503 and is currently priced at $243,000. This property was built in 1890. 138 Union Ave NE Unit 140 is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, 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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