NOT LISTED FOR SALE

1545 Queen Ave NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $371,000 - $447,000

-- Bed
-- Bath
-- Sq Ft
7,100 Sq Ft Lot

Last Sold July 21, 2017

Last sale price $182,000

Est. 129% increase in value since last sale

Current estimated payment $2,925/month

21 Days on Market

Highlights

  • Wooded Lot
  • Heating System Uses Steam
  • High Speed Internet
  • Corner Lot: Yes

About This Home

As of July 2017

Come check out this cash cow! It is currently owner occupied in one unit and the rest of the units pay for itself. New Boiler, lots of new updates, newer windows, new paint, and flooring and stable tenants. All appliances are included in the sale. Property is professionally managed. Don't let this good deal pass you buy, this is a great investment opportunity for your portfolio or live for free. Owner is relocating. In apt. 1545 #1 2 Bdrm Lower Unit, 1545 #2 is 3 Bdrm O/O upper, 1547 #1 1 Bdrm plus office lower, 1547 #2 2 Bdrm up.Close to bus lines, churches, Shopping, restaurants, and new brew pubs. Exciting up and coming Creston Heights Neighborhood is waiting for you!

Last Agent to Sell the Property

Cyndi Hicks

Kent County Real Estate LLC License #6501333102 Listed on: 04/25/2017

Last Buyer's Agent

Jorie Aulston

Bellabay Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,622

Year Built

  • Built in 1900

Lot Details

  • 7,100 Sq Ft Lot
  • Lot Dimensions are 60 x 118
  • Corner Lot: Yes
  • Wooded Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Basement

  • Walk-Out Basement

Parking

  • 2 Parking Spaces
  • Unpaved Driveway

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Heating System Uses Steam
  • Individual Gas Meter
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,622

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60 x 118
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2622.0
  • Tax Info:Zoning3: TN-LDR
  • General Property Info:Total _pound_ Units: 4
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Radiant: Yes
  • Substructure:Walk Out: Yes
  • Heat Type:Steam: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Walk Out

Exterior Features

  • Construction Materials: Brick
  • List Price: 195000.0
  • Lot Features: Sidewalk, Wooded
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Steam, Radiant
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 7100.0
  • Zoning Description: TN-LDR
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2622.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2023
Sold by
1545 Queen Ave Llc
Bought by
Hv Properties 1 Llc
Current Estimated Value
$416,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,200
Outstanding Balance
$320,355
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$80,131

Purchase Details

Closed on
Dec 27, 2021
Sold by
Scott Shapiro
Bought by
1545 Queen Ave Llc

Purchase Details

Closed on
Sep 22, 2021
Sold by
1545 Queen Ave Llc
Bought by
Shapiro Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,700
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2017
Sold by
Shapiro Scott
Bought by
1545 Queen Ave Llc

Purchase Details

Listed on
Apr 25, 2017
Closed on
Jul 20, 2017
Sold by
Webb Ann T
Bought by
Shapiro Scott R
Seller's Agent
Cyndi Hicks
Kent County Real Estate LLC
Buyer's Agent
Jorie Aulston
Bellabay Realty LLC
List Price
$195,000
Sold Price
$182,000
Premium/Discount to List
-$13,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.21%
Original Mortgage
$136,500
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 25, 2017
Closed on
Jul 19, 2017
Sold by
Zhz Propertise Lp
Bought by
Webb Ann T
Seller's Agent
Cyndi Hicks
Kent County Real Estate LLC
Buyer's Agent
Jorie Aulston
Bellabay Realty LLC
List Price
$195,000
Sold Price
$182,000
Premium/Discount to List
-$13,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
3.91%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 9, 2008
Sold by
Leer Vanessa D and Leer Paul L
Bought by
La Salle Bank Na and Residential Funding Llc

Purchase Details

Closed on
Sep 27, 2006
Sold by
Leer Paul L and Leer Vanessa D
Bought by
Leer Paul L and Leer Vanessa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 24, 2003
Sold by
Bruursema Karen D and Bruursema Charles R
Bought by
Leer Paul L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,750
Interest Rate
6.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2000
Sold by
Brrsm Brrsm C C and Brrsm K
Bought by
Webb Leer P and Webb Ann

Purchase Details

Closed on
Feb 6, 1998
Sold by
Jrdn Jrdn P P and Jrdn Jourdan P
Bought by
Webb Ann

Purchase Details

Closed on
Sep 17, 1996
Sold by
Mohr Mohr J J and Mohr Bruursema C
Bought by
Webb Bruursema C and Webb Ann

Purchase Details

Closed on
Jul 12, 1996
Bought by
Webb Briggs C and Webb Ann

Purchase Details

Closed on
Aug 3, 1994
Sold by
Briggs Briggs C C and Briggs Bruursema
Bought by
Webb Ann

Purchase Details

Closed on
Apr 13, 1981

Purchase Details

Closed on
Jan 11, 1980
Sold by
Jordan Jordan P P and Jordan E
Bought by
Webb Ann
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
Hv Properties 1 Llc $409,100 Next Door Title Agency
1545 Queen Ave Llc -- None Listed On Document
Shapiro Scott -- None Listed On Document
1545 Queen Ave Llc -- None Available
Shapiro Scott R $182,000 None Available
Webb Ann T $50,000 None Available
La Salle Bank Na $128,437 None Available
Leer Paul L -- Lighthouse Title Inc
Leer Paul L $85,000 Chicago Title
Leer Paul L -- Chicago Title
Webb Leer P $85,000 --
Webb Ann -- --
Webb Bruursema C -- --
Webb Briggs C $46,000 --
Webb Ann $65,000 --
-- $52,900 --
Webb Ann $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hv Properties 1 Llc $327,200
Previous Owner Shapiro Scott $245,700
Previous Owner Shapiro Scott $245,700
Previous Owner Shapiro Scott R $136,500
Previous Owner Leer Paul L $124,000
Previous Owner Leer Paul L $102,750
Previous Owner Radford Christopher P $203,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2017 07/21/17 Sold $182,000 -6.7% --
05/16/2017 05/16/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $195,000 -- --
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 $7,872 $184,700 $0 $0
2024 $7,872 $157,800 $0 $0
2023 $3,821 $135,700 $0 $0
2022 $3,769 $136,300 $0 $0
2021 $3,672 $106,900 $0 $0
2020 $3,549 $100,200 $0 $0
2019 $3,634 $81,800 $0 $0
2018 $3,523 $66,500 $0 $0
2017 $2,439 $55,500 $0 $0
2016 $2,454 $50,000 $0 $0
2015 $2,328 $50,000 $0 $0
2013 -- $57,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Cyndi Hicks

    Kent County Real Estate LLC

    (616) 634-2766

    3 Total Sales

    Cyndi Hicks
    Section Image

  • J

    Buyer's Agent in 2017

    Jorie Aulston

    Bellabay Realty LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17014455

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-301-028

Michigan Kent County Grand Rapids 49505 Creston

1545 Queen Ave NE, Grand Rapids, MI

This home is located at 1545 Queen Ave NE, Grand Rapids, MI 49505 since 25 April 2017 and is currently estimated at $416,406. This property was built in 1900. 1545 Queen Ave NE is a home located in Kent County with nearby schools including Palmer School, Riverside Middle School, and Union 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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