NOT LISTED FOR SALE

1425 Sherman St SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $274,000 - $326,000

-- Bed
-- Bath
-- Sq Ft
4,443 Sq Ft Lot

Last Sold December 31, 2020

Last sale price $208,000

Est. 48% increase in value since last sale

Current estimated payment $2,030/month

1 Day on Market

About This Home

As of December 2020

East town 2-unit! Well Kept With Fantastic Rental History and Excellent Cash Flow. Close To East Grand Rapids N. ewer Vinyl Siding and Windows. One Newer Furnace and Wate Heater. Some Newer Plumbing and Electrical. Off street Parking in the Rear. Front and Back Exits for Both Units. Both Units have Access to Basement for Storage and Laundry! A Must See.

Last Agent to Sell the Property

Don King Jr.

Berkshire Hathaway HomeServices Michigan Real Estate (Main) Listed on: 12/18/2020

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Last Buyer's Agent

Lisa Stewart

Greenridge Realty (EGR) License #6501422435

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,017

Year Built

  • Built in 1910

Lot Details

  • 4,443

Parking

  • 4 Parking Spaces

Basement

  • Michigan Basement

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $850
  • Maintenance Expense $650
  • Operating Expense $2,400

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,017

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 199876.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 850.0
  • Maintenance Expense: 650.0
  • Number of Units Total: 2
  • Operating Expense: 2400.0

Tax Info

  • Tax Annual Amount: 2017.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2024
Sold by
Beck Marcia J
Bought by
1425 Sherman Llc
Current Estimated Value
$307,863

Purchase Details

Listed on
Dec 18, 2020
Closed on
Dec 31, 2020
Sold by
Potts Richard D and 1425 Sherman Se Llc
Bought by
Beck Marcia
Seller's Agent
Don King Jr.
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Buyer's Agent
Lisa Stewart
Greenridge Realty (EGR)
List Price
$199,876
Sold Price
$208,000
Premium/Discount to List
$8,124
4.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.52%

Purchase Details

Closed on
Jan 31, 2003
Sold by
Potts Richard
Bought by
1425 Sherman Se Llc

Purchase Details

Closed on
Mar 5, 1991
Sold by
Bierly Bierly M M and Bierly Gezon M
Bought by
1425 Sherman Se Llc

Purchase Details

Closed on
Nov 5, 1985
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
1425 Sherman Llc -- None Listed On Document
1425 Sherman Llc -- None Listed On Document
Beck Marcia $208,000 None Available
1425 Sherman Se Llc -- Metropolitan Title Company
1425 Sherman Se Llc $11,500 --
-- $22,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oguinn Donald B $85,000
Previous Owner 1425 Sherman Se Llc $40,165
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $208,000 +4.1% --
12/19/2020 12/19/20 Pending -- -- --
12/18/2020 12/18/20 For Sale $199,876 -- --
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 $4,381 $128,900 $0 $0
2024 $4,381 $116,300 $0 $0
2023 $4,345 $96,700 $0 $0
2022 $4,130 $81,300 $0 $0
2021 $4,024 $77,100 $0 $0
2020 $1,987 $73,200 $0 $0
2019 $2,034 $63,400 $0 $0
2018 $1,972 $58,700 $0 $0
2017 $1,923 $44,300 $0 $0
2016 $1,933 $40,100 $0 $0
2015 $1,842 $40,100 $0 $0
2013 -- $34,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Don King Jr.

    Seller's Agent in 2020

    Don King Jr.

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 291-3180

    1 in this area

    185 Total Sales

    Don King Jr.
    Section Image
  • Lisa Stewart

    Buyer's Agent in 2020

    Lisa Stewart

    Greenridge Realty (EGR)

    (616) 540-7132

    3 in this area

    106 Total Sales

    Lisa Stewart
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20051057

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-232-017

Michigan Kent County Grand Rapids 49506 Eastown

1425 Sherman St SE, Grand Rapids, MI

This home is located at 1425 Sherman St SE, Grand Rapids, MI 49506 since 18 December 2020 and is currently estimated at $307,863. This property was built in 1910. 1425 Sherman 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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