NOT LISTED FOR SALE

1405 Lafayette Ave SE Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $245,000 - $282,546

-- Bed
4 Baths
-- Sq Ft
4,674 Sq Ft Lot

Last Sold August 30, 2017

Last sale price $136,000

Est. 98% increase in value since last sale

Current estimated payment $1,760/month

24 Days on Market

About This Home

As of August 2017

Are you looking for that turn-key investment opportunity? Perhaps that 2-unit you wanted that pays for itself? Here it is.. This spacious side-by-side 2 unit has mirrored floor plans and is completely renovated. Enjoy the brand new kitchens and bathrooms, refinished floors, Covered front porches and new decks. There is alley access with an old garage foundation still in place and all newer mechanicals.

Last Agent to Sell the Property

Matthew Riggs

Keller Williams GR East Listed on: 07/20/2017

Co-Listed By

Rebecca Zahm

Keller Williams GR East

Last Buyer's Agent

Frederick Smith

RE/MAX Of Grand Rapids License #65013933703

RE/MAX Of Grand Rapids

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,708

Year Built

  • Built in 1912

Lot Details

  • 4,674 Sq Ft Lot
  • Lot Dimensions are 41x114

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,708

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 139900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4674.0
  • Zoning Description: MDR
  • ResoLotSizeUnits: Acres

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2707.92
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2017
Closed on
Aug 30, 2017
Sold by
Llm Holding Llc
Bought by
Scialpi Jonathan and Alsheimer Amber
Seller's Agent
Matthew Riggs
Keller Williams GR East
Buyer's Agent
Frederick Smith
RE/MAX Of Grand Rapids
List Price
$139,900
Sold Price
$136,000
Premium/Discount to List
-$3,900
-2.79%
Total Days on Market
24
Current Estimated Value
$268,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,637
Avg. Annual Appreciation
10.14%
Original Mortgage
$102,000
Outstanding Balance
$87,422
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$200,578

Purchase Details

Listed on
Jun 16, 2016
Closed on
Jul 29, 2016
Sold by
Lighthouse Communities Inc
Bought by
Llm Holding Llc
Seller's Agent
Ena (Nikki) Steed
Greenridge Realty (Cascade)
Buyer's Agent
Justin Coulson
Keller Williams Realty Rivertown
List Price
$19,000
Sold Price
$30,000
Premium/Discount to List
$11,000
57.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
300.15%

Purchase Details

Closed on
Sep 17, 1991
Sold by
Negan Negan G G and Negan Eberhardt R
Bought by
Lighthouse Communities Inc

Purchase Details

Closed on
Sep 16, 1991
Sold by
Tol Tol J J and Tol Negan G
Bought by
Lighthouse Communities Inc

Purchase Details

Closed on
Feb 15, 1980
Bought by
Lighthouse Communities Inc
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
Scialpi Jonathan $136,000 Essential Title Agency Llc
Llm Holding Llc $30,000 First American Title Ins Co
Lighthouse Communities Inc $19,000 --
Lighthouse Communities Inc $13,000 --
Lighthouse Communities Inc $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scialpi Jonathan $102,000
Previous Owner Lighthouse Communities Inc $216,802
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2017 08/30/17 Sold $136,000 -2.8% --
08/13/2017 08/13/17 Pending -- -- --
07/20/2017 07/20/17 For Sale $139,900 +366.3% --
07/29/2016 07/29/16 Sold $30,000 +57.9% --
06/20/2016 06/20/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $19,000 -- --
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
2024 $3,024 $131,800 $0 $0
2023 $2,890 $118,000 $0 $0
2022 $2,851 $97,500 $0 $0
2021 $2,777 $87,700 $0 $0
2020 $2,684 $74,500 $0 $0
2019 $2,749 $61,300 $0 $0
2018 $2,664 $50,300 $0 $0
2017 $2,703 $35,000 $0 $0
2016 $1,597 $30,000 $0 $0
2015 $2,607 $30,000 $0 $0
2013 -- $28,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    Matthew Riggs

    Keller Williams GR East

  • R

    Seller Co-Listing Agent in 2017

    Rebecca Zahm

    Keller Williams GR East

  • Frederick Smith

    Buyer's Agent in 2017

    Frederick Smith

    RE/MAX

    (616) 389-3437

    134 Total Sales

    Frederick Smith
    Section Image

  • E

    Seller's Agent in 2016

    Ena (Nikki) Steed

    Greenridge Realty (Cascade)

    (616) 974-6026

    16 Total Sales

    Ena (Nikki) Steed
    Section Image
  • Justin Coulson

    Buyer's Agent in 2016

    Justin Coulson

    Keller Williams Realty Rivertown

    (616) 745-2938

    17 Total Sales

    Justin Coulson
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17036057

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-127-064

Michigan Kent County Grand Rapids 49507 Southeast Community Association

1405 Lafayette Ave SE, Grand Rapids, MI

This home is located at 1405 Lafayette Ave SE, Grand Rapids, MI 49507 since 20 July 2017 and is currently estimated at $268,637. This property was built in 1912. 1405 Lafayette 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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