NOT LISTED FOR SALE

1531 Giddings Ave SE Grand Rapids, MI 49507

South East End Neighborhood

Estimated Value: $261,398 - $338,000

-- Bed
-- Bath
-- Sq Ft
4,700 Sq Ft Lot

Last Sold April 15, 2019

Last sale price $189,000

Est. 59% increase in value since last sale

Current estimated payment $1,831/month

64 Days on Market

About This Home

As of April 2019

ONE OF THE FINEST INCOME PROPERTIES IN THE CITY OF GRAND RAPIDS. EACH UNIT HAS 2 BEDROOMS, LIVINGROOM /FP, KITCHEN & BATH. LOWER UNIT HAS ACCESS & USE OF BASEMENT. TWO STALL GARAGE. TWO OF THE CLEANEST, NEATEST TENANTS THAT YOU WILL SEE. BRICK & ALUM EXTERIOR. CENTRAl AIR. TENANTS ARE MO. TO MO,.

Last Agent to Sell the Property

John Markosky

Starner Realty License #6501073244 Listed on: 01/01/2019

Last Buyer's Agent

Jeff Czubak

Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6501406662

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,621

Year Built

  • Built in 1957

Lot Details

  • 4,700 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $896
  • Operating Expense $7,306
  • Gross Income $7,306
  • Net Operating Income $4,368

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,621

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 199900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4700.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 7306.0
  • Insurance Expense: 896.0
  • Net Operating Income: 4368.0
  • Number of Units Total: 2
  • Operating Expense: 7306.0

Tax Info

  • Tax Annual Amount: 1621.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2019
Closed on
Apr 15, 2019
Sold by
Burns Frank C and Burns Susanna M
Bought by
Drammech Ebrima
Seller's Agent
John Markosky
Starner Realty
Buyer's Agent
Jeff Czubak
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$199,900
Sold Price
$189,000
Premium/Discount to List
-$10,900
-5.45%
Current Estimated Value
$300,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,350
Avg. Annual Appreciation
7.41%
Original Mortgage
$185,576
Outstanding Balance
$164,193
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$136,157

Purchase Details

Closed on
Jun 25, 1997
Sold by
Burns Vndrhv
Bought by
Burns and Burns Sefton

Purchase Details

Closed on
May 12, 1987
Source: Public Records

Range of Values:

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Average Value
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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
Drammech Ebrima $189,000 Title Resource Agency
Burns $82,500 --
-- $53,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drammech Ebrima $185,576
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/15/2019 04/15/19 Sold $189,000 -5.5% --
03/06/2019 03/06/19 Pending -- -- --
01/01/2019 01/01/19 For Sale $199,900 -- --
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
2025 $2,780 $116,800 $0 $0
2024 $2,780 $107,300 $0 $0
2023 $2,782 $93,200 $0 $0
2022 $2,643 $76,600 $0 $0
2021 $2,578 $68,300 $0 $0
2020 $2,481 $59,000 $0 $0
2019 $1,469 $49,600 $0 $0
2018 $1,717 $41,800 $0 $0
2017 $1,675 $35,300 $0 $0
2016 $1,683 $31,600 $0 $0
2015 $1,604 $31,600 $0 $0
2013 -- $29,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    John Markosky

    Starner Realty

    Section Image
  • Jeff Czubak

    Buyer's Agent in 2019

    Jeff Czubak

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 632-4207

    2 in this area

    167 Total Sales

    Jeff Czubak
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18059514

Southwestern Michigan Association of REALTORS®

APN: 41-18-05-260-039

Michigan Kent County Grand Rapids 49507 South East End

1531 Giddings Ave SE, Grand Rapids, MI

This home is located at 1531 Giddings Ave SE, Grand Rapids, MI 49507 since 01 January 2019 and is currently estimated at $300,350. This property was built in 1957. 1531 Giddings 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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