NOT LISTED FOR SALE

1515 Philadelphia Ave SE Grand Rapids, MI 49507

South East End Neighborhood

Estimated Value: $311,000 - $350,000

-- Bed
-- Bath
-- Sq Ft
8,000 Sq Ft Lot

Last Sold December 13, 2018

Last sale price $200,000

Est. 63% increase in value since last sale

Current estimated payment $2,059/month

14 Days on Market

About This Home

As of December 2018

ALL BRICK RANCH DUPLEX. GREAT CONDITION, UNDERGROUND SPRINKLING IN FRONT YARD , CARPORT, SEPARATE FULL BASEMENTS, NORTH UNIT VACANT. HOUSE & CARPORT ROOF 3 YEARS OLD.REPLACEMENT WINDOWS 2 YEARS AGO,ATTIC INSULATION IN 2015, WALLS INSULATED IN 23018. NEW FURNACE AND AC IN 2010, WATER HEATERS IN 2009 & 2018.

Last Agent to Sell the Property

John Markosky

Starner Realty License #6501073244 Listed on: 10/16/2018

Last Buyer's Agent

James Marshall

United Realty Services LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,287

Year Built

  • Built in 1956

Lot Details

  • 8,000 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet

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 $870
  • Operating Expense $1,700
  • Gross Income $20,400
  • Net Operating Income $18,700

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,287

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 209900.0
  • Lot Features: Sidewalk, Wooded
  • Number of Buildings: 1
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Size Sq Ft: 8000.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 20400.0
  • Insurance Expense: 870.0
  • Net Operating Income: 18700.0
  • Number of Units Total: 2
  • Operating Expense: 1700.0

Tax Info

  • Tax Annual Amount: 2287.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2017
Sold by
Burns Frank C and Sefton Susanna M
Bought by
Saenz Alicia
Total Days on Market
14
Current Estimated Value
$326,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 13, 1996
Sold by
Burns Shy E
Bought by
Burns and Burns Sefton

Purchase Details

Closed on
Mar 28, 1986
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
Saenz Alicia $200,000 None Available
Burns $78,000 --
-- $31,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saenz Alicia C $170,000
Closed Saenz Alicia $192,100
Closed Saenz Alicia $192,100
Previous Owner Saenz Alicia $190,000
Previous Owner Burns Frank $33,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2018 12/13/18 Sold $200,000 -4.7% --
10/30/2018 10/30/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $209,900 -- --
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
2024 $3,883 $142,000 $0 $0
2023 $3,712 $122,200 $0 $0
2022 $3,019 $100,400 $0 $0
2021 $2,946 $89,300 $0 $0
2020 $2,835 $77,300 $0 $0
2019 $2,816 $63,600 $0 $0
2018 $2,345 $56,400 $0 $0
2017 $2,287 $47,800 $0 $0
2016 $2,298 $43,100 $0 $0
2015 $2,190 $43,100 $0 $0
2013 -- $41,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    John Markosky

    Starner Realty

  • J

    Buyer's Agent in 2018

    James Marshall

    United Realty Services LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18051025

Southwestern Michigan Association of REALTORS®

APN: 41-18-05-279-041

Michigan Kent County Grand Rapids 49507 South East End

1515 Philadelphia Ave SE, Grand Rapids, MI

This home is located at 1515 Philadelphia Ave SE, Grand Rapids, MI 49507 since 16 October 2018 and is currently estimated at $326,921. This property was built in 1956. 1515 Philadelphia Ave SE is a home located in Kent County with nearby schools including Mulick Park 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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