NOT LISTED FOR SALE

1501 Broadway Ave NW Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $453,901 - $520,000

-- Bed
-- Bath
-- Sq Ft
7,579 Sq Ft Lot

Last Sold June 15, 2022

Last sale price $420,000

Est. 14% increase in value since last sale

Current estimated payment $3,209/month

22 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 8 Car Garage

About This Home

As of June 2022

Turn key investment property! This 4 unit offers spacious units with laundry in each unit. The building is over 4,300 sq ft. Separate 3 stall garage. Separate gas and electric. New flat roof in 2021. Rents total $3640/month and are below market rent. Professionally managed and ready for a new owner. In an effort to reduce tenant disturbances, Seller requests showings to be conducted during due diligence period after offer is accepted. Buyer to verify all information.

Last Agent to Sell the Property

Thomas Serio

Real Estate West License #6502431119 Listed on: 05/05/2022

Last Buyer's Agent

Tyler Johnson

Clear Realty Group License #6502432839

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,178

Year Built

  • Built in 1900

Lot Details

  • 7,579 Sq Ft Lot
  • Lot Dimensions are 66 x 115

Parking

  • 8 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,178

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66 x 115
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4178.33
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • 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:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 425000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Other
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: None Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 66 x 115
  • Lot Size Sq Ft: 7579.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4178.33
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Jun 15, 2022
Sold by
Stephens Homes And Investments Llc
Bought by
Dagher Andrew F
Seller's Agent
Thomas Serio
Real Estate West
Buyer's Agent
Tyler Johnson
Clear Realty Group
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Current Estimated Value
$476,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,975
Avg. Annual Appreciation
3.88%
Original Mortgage
$420,000
Outstanding Balance
$399,736
Interest Rate
5.3%
Mortgage Type
VA
Estimated Equity
$77,239

Purchase Details

Closed on
Sep 17, 2021
Sold by
A To Z Prperties Llc
Bought by
Stepahnie Homes An Dinvtesmets Llc

Purchase Details

Closed on
Jul 8, 2016
Sold by
Blue Dragonfly Properties Llc
Bought by
A To Z Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
3.66%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 1, 2016
Sold by
Vainavicz Raemarie Gertrude
Bought by
Blue Dragonfly Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,400
Interest Rate
3.66%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 12, 2012
Sold by
Hoyle John D and Hoyle Kristen A
Bought by
Blue Dragonfly Properties Llc

Purchase Details

Closed on
Dec 30, 2011
Sold by
The Raemarie Gertrude Vainavicz Trust
Bought by
Hoyle John D and Hoyle Kirstin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,250
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 1989

Purchase Details

Closed on
Aug 3, 1989

Purchase Details

Closed on
Aug 2, 1989
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
Dagher Andrew F $420,000 Ata National Title Group
Stepahnie Homes An Dinvtesmets Llc $322,000 Ata National Title Group Llc
A To Z Properties Llc $138,000 Essential Title Agency Llc
Blue Dragonfly Properties Llc -- None Available
Blue Dragonfly Properties Llc -- None Available
Hoyle John D -- None Available
-- $18,000 --
-- $18,000 --
-- $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dagher Andrew F $420,000
Previous Owner A To Z Properties Llc $110,400
Previous Owner Hoyle John D $77,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2022 06/15/22 Sold $420,000 -1.2% --
05/10/2022 05/10/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $425,000 -- --
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 $8,160 $219,300 $0 $0
2024 $8,160 $197,000 $0 $0
2023 $8,122 $171,400 $0 $0
2022 $8,611 $160,500 $0 $0
2021 $4,172 $120,800 $0 $0
2020 $4,032 $117,200 $0 $0
2019 $4,129 $94,700 $0 $0
2018 $4,172 $76,000 $0 $0
2017 $3,904 $73,000 $0 $0
2016 $2,830 $60,600 $0 $0
2015 $2,697 $60,600 $0 $0
2013 -- $51,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Thomas Serio

    Seller's Agent in 2022

    Thomas Serio

    Real Estate West

    (231) 286-0102

    1 in this area

    467 Total Sales

    Thomas Serio
    Section Image

  • T

    Buyer's Agent in 2022

    Tyler Johnson

    Clear Realty Group

    (616) 799-2903

    10 in this area

    85 Total Sales

    Tyler Johnson
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22013190

Southwestern Michigan Association of REALTORS®

APN: 41-13-13-328-033

Michigan Kent County Grand Rapids 49504 West Grand

1501 Broadway Ave NW, Grand Rapids, MI

This home is located at 1501 Broadway Ave NW, Grand Rapids, MI 49504 since 05 May 2022 and is currently estimated at $476,975. This property was built in 1900. 1501 Broadway Ave NW is a home located in Kent County with nearby schools including Harrison Elementary School, Westwood Middle School, and Union 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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