NOT LISTED FOR SALE

1539 Quarry Ave NW Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $249,790 - $299,000

-- Bed
-- Bath
-- Sq Ft
4,269 Sq Ft Lot

Last Sold May 28, 2024

Last sale price $260,000

Est. 3% increase in value since last sale

Current estimated payment $1,758/month

45 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Laundry Facilities

About This Home

As of May 2024

Experience the essence of urban living in this carefully maintained 2-bed, 1-bath duplex on Grand Rapids' vibrant west side. Blending original wood charm and new renovations, this property is an ideal investment for both discerning investors and homeowners. Each unit offers spacious layouts adorned with chic finishes and modern amenities, creating a comfortable and welcoming atmosphere. Whether you choose to live in one unit and lease the other for additional income or maximize your investment potential by renting both, the duplex provides endless opportunities. The lower unit commands a monthly rent of $1050, while the upper unit contributes $1200 per month, with tenants responsible for utilities, ensuring a hassle-free investment experience. Nestled in the heart of Grand Rapids' lively west side, the duplex is steps away from trendy cafes, restaurants, and boutiques, offering a perfect blend of modern urban living and investment potential. Its strategic location places it in close proximity to esteemed educational institutions like Grand Valley State University and Calvin University, making it an excellent prospect for student housing. Take advantage of carefully maintained interiors, attractive rental incomes, and a prime location. Don't miss this outstanding opportunity to embrace contemporary living and financial prospects. Schedule your viewing today and step into the future of urban investment in Grand Rapids.

Last Agent to Sell the Property

Arnela Balkic

Keller Williams Realty Rivertown License #6501452634 Listed on: 04/03/2024

Keller Williams Realty Rivertown

Co-Listed By

Ryan Prichard

Keller Williams Realty Rivertown License #6506048360

Last Buyer's Agent

Jenny Upright

Upright Homes LLC License #6502431073

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,028

Year Built

  • Built in 1916

Lot Details

  • 4,269 Sq Ft Lot
  • Lot Dimensions are 37 x 115

Parking

  • 8 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Michigan Basement
  • Laundry in Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,028

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 285000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement, In Unit
  • Sewer: Public Sewer
  • Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 37 x 115
  • Lot Size Sq Ft: 4269.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4028.22
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
May 28, 2024
Sold by
Burns Caitlin M and Burns Cody A
Bought by
Rios-Sosa Adan
Seller's Agent
Arnela Balkic
Keller Williams Realty Rivertown
Buyer's Agent
Jenny Upright
Upright Homes LLC
List Price
$285,000
Sold Price
$260,000
Premium/Discount to List
-$25,000
-8.77%
Total Days on Market
45
Views
31
Current Estimated Value
$267,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,448
Avg. Annual Appreciation
2.84%
Original Mortgage
$195,000
Outstanding Balance
$193,390
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$74,058

Purchase Details

Listed on
Apr 19, 2021
Closed on
Apr 12, 2021
Sold by
Heinig Kyle
Bought by
Greene Caitlin M and Frye Cody A
Seller's Agent
Ryan Prichard
Keller Williams Realty Rivertown
Buyer's Agent
Ryan Prichard
Keller Williams Realty Rivertown
List Price
$180,000
Sold Price
$180,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.47%
Original Mortgage
$153,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 15, 2017
Closed on
May 22, 2017
Sold by
Teisman Maryann and Teisman Mary Ann
Bought by
Heinig Kyle
Seller's Agent
Larry Martin
Keller Williams Realty Rivertown
Buyer's Agent
Kase Knochenhauer
Keymark Realty
List Price
$110,000
Sold Price
$109,000
Premium/Discount to List
-$1,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.76%
Original Mortgage
$106,043
Interest Rate
3.89%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 11, 2003
Sold by
Teisman Maryann
Bought by
Teisman Daniel M and Teisman Maryann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,400
Interest Rate
5.95%
Mortgage Type
Commercial
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
Rios-Sosa Adan $260,000 Chicago Title
Greene Caitlin M $180,000 None Available
Heinig Kyle $109,000 Chicago Title Of Michigan
Teisman Daniel M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rios-Sosa Adan $195,000
Previous Owner Greene Caitlin M $153,000
Previous Owner Heinig Kyle $106,043
Previous Owner Teisman Daniel M $20,374
Previous Owner Teisman Daniel M $11,150
Previous Owner Teisman Daniel M $69,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2024 05/28/24 Sold $260,000 -8.8% --
04/13/2024 04/13/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $285,000 0.0% --
03/23/2024 03/23/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $285,000 0.0% --
03/09/2024 03/09/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $285,000 +58.3% --
04/19/2021 04/19/21 For Sale $180,000 0.0% --
04/12/2021 04/12/21 Sold $180,000 +65.1% --
03/07/2021 03/07/21 Pending -- -- --
05/22/2017 05/22/17 Sold $109,000 -0.9% --
03/31/2017 03/31/17 Pending -- -- --
03/15/2017 03/15/17 For Sale $110,000 -- --
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 $4,054 $98,000 $0 $0
2023 $3,875 $88,700 $0 $0
2022 $3,822 $73,700 $0 $0
2021 $2,067 $65,800 $0 $0
2020 $1,998 $57,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Arnela Balkic

    Seller's Agent in 2024

    Arnela Balkic

    Keller Williams Realty Rivertown

    (630) 780-7988

    1 in this area

    4 Total Sales

    Arnela Balkic
    Section Image
  • Ryan Prichard

    Seller Co-Listing Agent in 2024

    Ryan Prichard

    Keller Williams Realty Rivertown

    (616) 295-3632

    13 in this area

    235 Total Sales

    Ryan Prichard
    Section Image
  • Jenny Upright

    Buyer's Agent in 2024

    Jenny Upright

    Upright Homes LLC

    (616) 389-0399

    2 in this area

    33 Total Sales

    Jenny Upright
    Section Image
  • Larry Martin

    Seller's Agent in 2017

    Larry Martin

    Keller Williams Realty Rivertown

    (616) 437-0838

    6 in this area

    653 Total Sales

    Larry Martin
    Section Image

  • K

    Buyer's Agent in 2017

    Kase Knochenhauer

    Keymark Realty

    (616) 405-8635

    4 in this area

    143 Total Sales

    Kase Knochenhauer
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24009543

Southwestern Michigan Association of REALTORS®

APN: 41-13-13-326-057

Michigan Kent County Grand Rapids 49504 West Grand

1539 Quarry Ave NW, Grand Rapids, MI

This home is located at 1539 Quarry Ave NW, Grand Rapids, MI 49504 since 03 April 2024 and is currently estimated at $267,448. This property was built in 1916. 1539 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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