NOT LISTED FOR SALE

149 Prospect Ave NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $522,144 - $660,000

4 Beds
4 Baths
-- Sq Ft
0.28 Acres

Last Sold August 28, 2015

Last sale price $280,000

Est. 114% increase in value since last sale

Current estimated payment $3,741/month

5 Days on Market

About This Home

As of August 2015

Get your very own piece of historic Heritage Hill while values and interest rates are still affordable. More and more businesses/people are coming to Grand Rapids however they aren't building any more homes like this. City certified investment property featuring four one bedroom one bath apartments. All are currently rented and in great condition. Each unit is good size with a full size kitchen and bath, closets and refinished wood floors. Owner pays gas tenants pay for their own electricity. One bedroom apartments are hard to find and rent quickly. Walkable to downtown, medical mile and easy access to major highways.

Last Agent to Sell the Property

Ryan Ogle

Bluhouse Properties LLC - I License #6502376991 Listed on: 07/15/2015

Bluhouse Properties LLC - I

Co-Listed By

Dan Steffee

Green Crown Real Estate LLC License #6506049140

Last Buyer's Agent

Craig Phillips

Windpoint Realty LLC License #6502344256

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,167

Year Built

  • Built in 1910

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 72x173

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,167

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 72x173
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 4166.67
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • 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
  • Heat Type:Radiant: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 284900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Sq Ft: 12196.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4166.67
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2016
Sold by
Ventus Properties Llc
Bought by
149 Prospect Llc
Current Estimated Value
$600,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.12%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 15, 2015
Closed on
Aug 28, 2015
Sold by
Lagrand David M and Lagrand Melissa J
Bought by
Ventus Properties Llc
Seller's Agent
Ryan Ogle
Bluhouse Properties LLC - I
Buyer's Agent
Craig Phillips
Windpoint Realty LLC
List Price
$284,900
Sold Price
$280,000
Premium/Discount to List
-$4,900
-1.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.44%

Purchase Details

Closed on
Feb 27, 2014
Sold by
Atkinson Enterprises Llc
Bought by
River Bed Investors Llc

Purchase Details

Closed on
May 2, 1997
Sold by
Mrcus Ts and Mrcus Lagrand D
Bought by
Lagrand David M and Lagrand Melissa
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
149 Prospect Llc -- None Available
Ventus Properties Llc -- Sun Title Agency Of Mi Llc
River Bed Investors Llc -- Lighthouse Title Inc
Lagrand David M $117,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 149 Prospect Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2015 08/28/15 Sold $280,000 -1.7% --
07/20/2015 07/20/15 Pending -- -- --
07/15/2015 07/15/15 For Sale $284,900 -- --
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 $6,515 $208,500 $0 $0
2024 $6,515 $191,000 $0 $0
2023 $6,462 $164,000 $0 $0
2022 $6,142 $148,200 $0 $0
2021 $5,984 $161,900 $0 $0
2020 $5,784 $142,900 $0 $0
2019 $5,922 $121,200 $0 $0
2018 $5,741 $126,800 $0 $0
2017 $5,600 $105,200 $0 $0
2016 $5,628 $89,200 $0 $0
2015 $4,280 $89,200 $0 $0
2013 -- $85,500 $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

    6 in this area

    111 Total Sales

    Dan Steffee
    Section Image

  • C

    Buyer's Agent in 2015

    Craig Phillips

    Windpoint Realty LLC

    (616) 334-0500

    2 in this area

    17 Total Sales

    Craig Phillips
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15037789

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-180-004

Michigan Kent County Grand Rapids 49503 Heritage Hill

149 Prospect Ave NE, Grand Rapids, MI

This home is located at 149 Prospect Ave NE, Grand Rapids, MI 49503 since 15 July 2015 and is currently estimated at $600,286. This property was built in 1910. 149 Prospect Ave NE 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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