1514 Forrest Ave NE Grand Rapids, MI 49505
Creston NeighborhoodEstimated Value: $191,000 - $286,000
4
Beds
2
Baths
2,478
Sq Ft
$102/Sq Ft
Est. Value
Highlights
- Central Air
- Heating Available
- 5-minute walk to Sweet Street Park
About This Home
As of March 2012Property is currently divided into 2 units, is rented and zoned as multi family. Would make a very nice owner occupied home, or could be converted back to single family if one wished. Very nice, steady income property, great for owner occupied downstairs or up, both units equally nice and spacious. Both have large living/dining areas, 2 bedrooms, nice kitchen, 1 bath, and each have little patio areas overlooking a lovely, private backyard. This is nicer than the average rental, very well kept up and tenants who keep it clean and neat. Sweet spot, on a quiet street.This is a wonderful opportunity to own a strong income generating property with an excellent rental history. The upstairs unit brings in $575.00 and the downstairs unit $700. Lots of improvements, and full list is available. Some include: drywall, electrical, heating plants and AC among other upgrades. Tenants in both units are responsible for utilities. Could easily be turned into a single family home.
Last Listed By
Donna Batdorff
MLM Realty LLC - I Listed on: 01/06/2012
Home Details
Home Type
- Single Family
Year Built
- Built in 1905
Lot Details
- 5,000 Sq Ft Lot
Parking
- 1 Car Garage
Home Design
- Shingle Siding
Interior Spaces
- 2,478 Sq Ft Home
- 2-Story Property
- Michigan Basement
Kitchen
- Oven
- Range
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Utilities
- Central Air
- Heating Available
- Cable TV Available
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 14, 2019
Sold by
Levit Igor S
Bought by
616 Investments Llc
Total Days on Market
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$80,268
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$169,016
Purchase Details
Listed on
Jan 6, 2012
Closed on
Mar 16, 2012
Sold by
Landon Rebecca and Therrien Mary Banghart
Bought by
Levit Igor S
Seller's Agent
Donna Batdorff
MLM Realty LLC - I
Buyer's Agent
Jessica Rogers
Keller Williams GR East
List Price
$85,000
Sold Price
$76,600
Premium/Discount to List
-$8,400
-9.88%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$57,450
Interest Rate
3.88%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 18, 1998
Sold by
London Rebecca
Bought by
London Rebecca Banghart Mary and Levit Igor S
Purchase Details
Closed on
Jul 16, 1998
Sold by
Corder Scott D
Bought by
London Rebecca and Levit Igor S
Purchase Details
Closed on
Dec 23, 1992
Sold by
Corder Corder W W and Corder S
Bought by
Levit Igor S
Purchase Details
Closed on
Jun 18, 1986
Bought by
Levit Igor S
Create a Home Valuation Report for This Property
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Similar Homes in Grand Rapids, MI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 616 Investments Llc | $120,000 | Irongate Title Agency Llc | |
| Levit Igor S | $76,600 | Multiple | |
| London Rebecca Banghart Mary | -- | -- | |
| London Rebecca | $68,700 | -- | |
| Levit Igor S | $34,000 | -- | |
| Levit Igor S | $34,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 616 Investments Llc | $90,000 | |
| Previous Owner | Levit Igor S | $57,450 | |
| Previous Owner | Banghart Mary E | $19,000 | |
| Previous Owner | Banghart Mary E | $66,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/16/2012 03/16/12 | Sold | $76,600 | -9.9% | $31 / Sq Ft |
| 02/08/2012 02/08/12 | Pending | -- | -- | -- |
| 01/06/2012 01/06/12 | For Sale | $85,000 | -- | $34 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $4,183 | $116,900 | $0 | $0 |
| 2023 | $4,149 | $100,900 | $0 | $0 |
| 2022 | $3,943 | $88,700 | $0 | $0 |
| 2021 | $3,842 | $80,100 | $0 | $0 |
| 2020 | $3,713 | $72,600 | $0 | $0 |
| 2019 | $2,082 | $61,500 | $0 | $0 |
| 2018 | $2,018 | $48,200 | $0 | $0 |
| 2017 | $1,969 | $42,500 | $0 | $0 |
| 2016 | $2,081 | $38,400 | $0 | $0 |
| 2015 | $1,885 | $38,400 | $0 | $0 |
| 2013 | -- | $40,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
D
Seller's Agent in 2012
Donna Batdorff
MLM Realty LLC - I
-
J
Buyer's Agent in 2012
Jessica Rogers
Keller Williams GR East
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 12001872
APN: 41-14-18-333-015
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