NOT LISTED FOR SALE

1421 Franklin St SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $344,000 - $533,000

4 Beds
2 Baths
-- Sq Ft
5,040 Sq Ft Lot

Last Sold July 06, 2018

Last sale price $204,750

Est. 125% increase in value since last sale

Current estimated payment $3,091/month

19 Days on Market

About This Home

As of July 2018

AUCTION PROPERTY!
Great opportunity here that's rarely seen! Two story, two family home, two bedrooms, one bath each. Will go fast, don't miss out!



Occupied property, inspections not available - sold as-is. No for sale sign. Contact with occupants is prohibited.

Last Agent to Sell the Property

Daniel Peña

Homes 28 License #6501360510 Listed on: 05/31/2018

Co-Listed By

David Pena

Homes 28

Last Buyer's Agent

David Pena

Homes 28

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 5,040 Sq Ft Lot
  • Lot Dimensions are 40 x 126

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Tenant pays for trash collection, gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1928
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40 X 126
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5170.54
  • Tax Info:Zoning3: Residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 197500.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

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

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Broadband

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5040.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5170.54
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2021
Sold by
Koop Scott Harry and Koop Sharon Devries
Bought by
Sharon Scott H and Sharon Devries
Current Estimated Value
$461,641

Purchase Details

Listed on
May 31, 2018
Closed on
Jul 6, 2018
Sold by
The Bank Of New York Mellon
Bought by
Koop Scott Harry and Koop Sharon Devries
Seller's Agent
Daniel Peña
Homes 28
Buyer's Agent
David Pena
Homes 28
List Price
$197,500
Sold Price
$204,750
Premium/Discount to List
$7,250
3.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.44%
Original Mortgage
$205,400
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 12, 2017
Sold by
Stirgus Rachel B
Bought by
Bank Of New York Mellon and Bank Of New York

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 15, 2016
Sold by
Lenau Rachel B and Stirgus Rachel B
Bought by
Grand View Financial Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2015
Sold by
Good Faith Lending Llc
Bought by
Lenau Rachel B and Stirgus Autrey

Purchase Details

Closed on
Jul 16, 2015
Sold by
Stirgus Autrey and Lenau Rachel B
Bought by
Lenau Rachel B and Stirgus Autrey

Purchase Details

Closed on
Dec 9, 2008
Sold by
Mortgage Electronic Registration Systems
Bought by
Bank Of New York

Purchase Details

Closed on
Dec 3, 2008
Sold by
Stirgus Rachel B and Stirgus Autrey
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
May 6, 2008
Sold by
Stirgus Rachel B and Stirgus Autrey
Bought by
Good Faith Lending Llc

Purchase Details

Closed on
Oct 15, 2003
Sold by
Mcdonald John F
Bought by
Stirgus Autrey and Stirgus Rachel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 1998
Sold by
Bouwman Bouwman S S and Bouwman Mcdonald J
Bought by
Mcdonald J and Good Faith Lending Llc

Purchase Details

Closed on
Nov 3, 1995
Sold by
Wilson Wilson R R and Wilson Bouwman S
Bought by
Bouwman S and Good Faith Lending Llc

Purchase Details

Closed on
Apr 30, 1993
Sold by
Koop Koop S S and Koop Wilson R
Bought by
Good Faith Lending Llc

Purchase Details

Closed on
Jan 8, 1986

Purchase Details

Closed on
Nov 28, 1983

Purchase Details

Closed on
Nov 7, 1983
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
Sharon Scott H -- None Available
Koop Scott Harry $204,750 None Available
Bank Of New York Mellon $157,600 None Available
Grand View Financial Llc -- None Available
Lenau Rachel B -- Attorney
Lenau Rachel B -- Attorney
Bank Of New York -- None Available
Mortgage Electronic Registration Systems $144,500 None Available
Good Faith Lending Llc -- None Available
Stirgus Autrey $200,000 Metropolitan Title Co
Mcdonald J $129,000 --
Bouwman S $100,000 --
Good Faith Lending Llc $89,900 --
-- $53,000 --
-- $27,000 --
-- $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stirgus Autrey $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2018 07/06/18 Sold $204,750 +3.7% --
06/19/2018 06/19/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $197,500 -- --
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 $7,720 $230,500 $0 $0
2024 $7,720 $211,400 $0 $0
2023 $7,658 $177,700 $0 $0
2022 $7,278 $158,500 $0 $0
2021 $7,091 $150,600 $0 $0
2020 $6,854 $143,700 $0 $0
2019 $7,098 $131,500 $0 $0
2018 $5,300 $116,300 $0 $0
2017 $5,171 $85,900 $0 $0
2016 $3,658 $80,000 $0 $0
2015 $3,013 $80,000 $0 $0
2013 -- $57,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Daniel Peña

    Homes 28

    (616) 245-7001

    34 Total Sales

    Daniel Peña
    Section Image

  • D

    Seller Co-Listing Agent in 2018

    David Pena

    Homes 28

    (616) 245-7001

    101 Total Sales

    David Pena
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18024339

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-279-014

Michigan Kent County Grand Rapids 49506 Eastown

1421 Franklin St SE, Grand Rapids, MI

This home is located at 1421 Franklin St SE, Grand Rapids, MI 49506 since 31 May 2018 and is currently estimated at $461,641. This property was built in 1928. 1421 Franklin 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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