NOT LISTED FOR SALE

1525 Quarry Ave NW Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $249,000 - $285,000

-- Bed
-- Bath
-- Sq Ft
4,312 Sq Ft Lot

Last Sold August 27, 2021

Last sale price $220,000

Est. 20% increase in value since last sale

Current estimated payment $1,681/month

7 Days on Market

About This Home

As of August 2021

Seller has instructed agent to hold all offers until 6/25 at 2pm.

Last Agent to Sell the Property

Patrick Kane

Keller Williams Realty Rivertown License #6501397707 Listed on: 06/20/2021

Keller Williams Realty Rivertown

Last Buyer's Agent

Jason Titus

Independence Realty (Main) License #6501369363

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,414

Year Built

  • Built in 1910

Lot Details

  • 4,312 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

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 $830
  • Maintenance Expense $1,787
  • Manager Expense $1,697
  • Operating Expense $7,619
  • Gross Income $21,218
  • Net Operating Income $13,599

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,414

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 215000.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Wall Furnace, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4312.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 21217.5
  • Insurance Expense: 830.0
  • Maintenance Expense: 1787.29
  • Manager Expense: 1697.4
  • Net Operating Income: 13598.75
  • Number of Units Total: 2
  • Operating Expense: 7618.75

Tax Info

  • Tax Annual Amount: 1414.27
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2021
Closed on
Aug 27, 2021
Sold by
Mw Properties 2 Llc
Bought by
Hogeterp Henry Persenaire
Seller's Agent
Patrick Kane
Keller Williams Realty Rivertown
Buyer's Agent
Jason Titus
Independence Realty (Main)
List Price
$215,000
Sold Price
$220,000
Premium/Discount to List
$5,000
2.33%
Total Days on Market
7
Current Estimated Value
$263,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,834
Avg. Annual Appreciation
5.17%
Original Mortgage
$216,015
Outstanding Balance
$199,532
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$66,475

Purchase Details

Closed on
Apr 13, 2013
Sold by
Keyes Gary L
Bought by
Mw Properties 2 Llc
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
Hogeterp Henry Persenaire $220,000 River West Title Agency Llc
Mw Properties 2 Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hogeterp Henry Persenaire $216,015
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2021 08/27/21 Sold $220,000 +2.3% --
06/27/2021 06/27/21 Pending -- -- --
06/20/2021 06/20/21 For Sale $215,000 -- --
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
2024 $3,373 $99,700 $0 $0
2023 $3,376 $90,300 $0 $0
2022 $3,207 $75,000 $0 $0
2021 $1,408 $67,000 $0 $0
2020 $1,361 $58,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Patrick Kane

    Keller Williams Realty Rivertown

    (616) 540-7239

    3 in this area

    101 Total Sales

    Patrick Kane
    Section Image
  • Jason Titus

    Buyer's Agent in 2021

    Jason Titus

    Independence Realty (Main)

    (616) 901-0771

    10 in this area

    218 Total Sales

    Jason Titus
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21023631

Southwestern Michigan Association of REALTORS®

APN: 41-13-13-326-061

Michigan Kent County Grand Rapids 49504 West Grand

1525 Quarry Ave NW, Grand Rapids, MI

This home is located at 1525 Quarry Ave NW, Grand Rapids, MI 49504 since 20 June 2021 and is currently estimated at $263,834. This property was built in 1910. 1525 Quarry 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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