NOT LISTED FOR SALE

1516 Broadway Ave NW Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $215,000 - $247,000

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

Last Sold November 22, 2021

Last sale price $170,000

Est. 35% increase in value since last sale

Current estimated payment $1,667/month

31 Days on Market

About This Home

As of November 2021

DOUBLE Lot and spacious 1,052 sq ft units that mirror each other. Lower unit has 3 bedrooms, 1 bath, laundry, kitchen w/ dining & living room. Bathroom has had the tile redone recently. Lower unit parks on the street and enters the front. Upper unit has 3 bedrooms, 1 bath, pantry, kitchen w/ dining room, living room, and covered deck. Upper unit parks in the 3 parking spaces off the back alley and has a covered staircase entrance on the back. Property is city certified through April 2, 2023. Separate electric meters, furnaces, & water heaters. Part of the yard is fenced in. Schedule your showing today!

Last Agent to Sell the Property

Rachel Major

Keller Williams Realty Rivertown License #6502404425 Listed on: 10/11/2021

Keller Williams Realty Rivertown

Co-Listed By

Larissa Bereza

Keller Williams Realty Rivertown License #6501386812

Last Buyer's Agent

Scott Rider

Grand River Realty License #6501431428

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,642

Year Built

  • Built in 1895

Lot Details

  • 7,579

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Space Heater
  • Window Unit Heating System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 7,579 Sq Ft Lot

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $747
  • Gross Income $15,300

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,642

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 175000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Space Heater, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7579.0
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 15300.0
  • Insurance Expense: 747.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1642.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2021
Closed on
Nov 22, 2021
Sold by
Jason Hansen
Bought by
Cmc Real Estate Llc
Seller's Agent
Rachel Major
Keller Williams Realty Rivertown
Buyer's Agent
Scott Rider
Grand River Realty
Sold Price
$170,000
Total Days on Market
31
Current Estimated Value
$228,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,865
Avg. Annual Appreciation
8.62%
Original Mortgage
$127,500
Outstanding Balance
$118,031
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$110,133

Purchase Details

Closed on
Dec 27, 2004
Sold by
Sowle W James and Sowle Ann T
Bought by
Hansen Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,900
Interest Rate
6.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 1994
Sold by
Bowser Bowser E E and Bowser Sowle W
Bought by
Hansen Jason

Purchase Details

Closed on
Nov 3, 1986

Purchase Details

Closed on
Nov 2, 1986

Purchase Details

Closed on
Sep 29, 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
Cmc Real Estate Llc $170,000 None Listed On Document
Hansen Jason $99,900 Prime Title Services Llc
Hansen Jason $43,000 --
-- $35,000 --
-- $11,200 --
-- $13,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cmc Real Estate Llc $127,500
Previous Owner Hansen Jason $79,000
Previous Owner Hansen Jason $74,900
Closed Hansen Jason $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2021 11/22/21 Sold $170,000 -5.6% --
10/19/2021 10/19/21 Pending -- -- --
10/11/2021 10/11/21 For Sale -- -- --
10/06/2021 10/06/21 Pending -- -- --
10/03/2021 10/03/21 For Sale -- -- --
09/25/2021 09/25/21 Pending -- -- --
09/18/2021 09/18/21 For Sale $180,000 -- --
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 $4,659 $121,900 $0 $0
2024 $4,659 $112,700 $0 $0
2023 $4,632 $101,700 $0 $0
2022 $4,392 $84,700 $0 $0
2021 $1,643 $75,700 $0 $0
2020 $1,588 $66,500 $0 $0
2019 $1,626 $53,000 $0 $0
2018 $1,576 $43,700 $0 $0
2017 $1,538 $34,700 $0 $0
2016 $1,545 $31,600 $0 $0
2015 $1,472 $31,600 $0 $0
2013 -- $27,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rachel Major

    Seller's Agent in 2021

    Rachel Major

    Keller Williams Realty Rivertown

    (616) 430-0807

    7 in this area

    612 Total Sales

    Rachel Major
    Section Image
  • Larissa Bereza

    Seller Co-Listing Agent in 2021

    Larissa Bereza

    Keller Williams Realty Rivertown

    (616) 635-0397

    2 in this area

    158 Total Sales

    Larissa Bereza
    Section Image
  • Scott Rider

    Buyer's Agent in 2021

    Scott Rider

    Grand River Realty

    (616) 389-0881

    6 in this area

    76 Total Sales

    Scott Rider
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21106685

Southwestern Michigan Association of REALTORS®

APN: 41-13-13-329-012

Michigan Kent County Grand Rapids 49504 West Grand

1516 Broadway Ave NW, Grand Rapids, MI

This home is located at 1516 Broadway Ave NW, Grand Rapids, MI 49504 since 11 October 2021 and is currently estimated at $228,164. This property was built in 1895. 1516 Broadway Ave NW is a home located in Kent County with nearby schools including Westwood Middle School, Union High School, and NexTech 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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