NOT LISTED FOR SALE

1568 Forrest Ave NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $308,000 - $326,000

-- Bed
-- Bath
-- Sq Ft
5,009 Sq Ft Lot

Last Sold September 15, 2020

Last sale price $230,000

Est. 38% increase in value since last sale

Current estimated payment $2,226/month

4 Days on Market

Highlights

  • 1 Fireplace
  • High Speed Internet
  • 2-minute walk to Sweet Street Park
  • Baseboard Heating

About This Home

As of September 2020

Duplex/2 family home located on the North East side. The two units layouts are identical with 2 bedrooms and 1 full bath. Features include all brick exterior, hardwood flooring and a 2 stall detached garage. Property has a City Rental Cert through 2022.
Property updates include: Two (2) new boilers in 2017. New Roof over main structure in 2019. All new windows on lower level. New Windows in all but 3 on upper level. New Stainless appliances. Refinished hardwood floors upper and lower. New carpet in lower level. New paint throughout upper and lower. New lighting fixtures upper and lower. Quartz Countertops in upper and lower. Completely remodeled bathrooms upper and lower. Split Electrical and Gas. Tenants pay gas, electric and trash - Landlord pays for water.

Last Agent to Sell the Property

Steve Merkle

Coldwell Banker Woodland Schmidt License #6506042941 Listed on: 07/27/2020

Coldwell Banker Woodland Schmidt

Last Buyer's Agent

Jessica Losey

Five Star Real Estate (M6) License #6501420673

Five Star Real Estate (M6)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,115

Year Built

  • Built in 1929

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,115

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1929
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50 x 100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3115.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Substructure:Full: 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 Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Hot Water: Yes
  • Heat Type:Baseboard: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full

Exterior Features

  • Construction Materials: Brick
  • List Price: 217500.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Hot Water, Baseboard, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 5009.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3115.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2023
Sold by
Guthrie Sarah
Bought by
Burbo Ian
Current Estimated Value
$316,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Outstanding Balance
$237,106
Interest Rate
6.71%
Mortgage Type
Construction
Estimated Equity
$75,474

Purchase Details

Listed on
Jul 27, 2020
Closed on
Sep 15, 2020
Sold by
Schneider Ben
Bought by
Guthrie Sarah
Seller's Agent
Steve Merkle
Coldwell Banker Woodland Schmidt
Buyer's Agent
Jessica Losey
Five Star Real Estate (M6)
List Price
$217,500
Sold Price
$230,000
Premium/Discount to List
$12,500
5.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$172,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 1999

Purchase Details

Closed on
Jun 15, 1990
Sold by
Vanderlende Vanderlende G G and Vanderlende Ooster
Bought by
Oosterhouse Henry C Brenda S

Purchase Details

Closed on
Sep 14, 1989

Purchase Details

Closed on
Sep 13, 1989
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
Burbo Ian $285,000 First American Title
Guthrie Sarah $230,000 Chicago Title Of Mi Inc
-- -- --
Oosterhouse Henry C Brenda S $64,100 --
-- $29,000 --
-- $18,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burbo Ian $242,250
Previous Owner Guthrie Sarah $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold $230,000 +5.7% --
07/31/2020 07/31/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $217,500 +48.1% --
11/17/2017 11/17/17 Sold $146,900 +1.4% --
09/29/2017 09/29/17 Pending -- -- --
09/19/2017 09/19/17 For Sale $144,900 -- --
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 $6,575 $153,900 $0 $0
2024 $6,575 $131,800 $0 $0
2023 $5,112 $114,200 $0 $0
2022 $4,858 $100,400 $0 $0
2021 $4,734 $90,700 $0 $0
2020 $3,138 $82,200 $0 $0
2019 $3,562 $69,600 $0 $0
2018 $3,115 $58,800 $0 $0
2017 $2,322 $50,400 $0 $0
2016 $2,333 $45,400 $0 $0
2015 $2,223 $45,400 $0 $0
2013 -- $47,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steve Merkle

    Coldwell Banker Woodland Schmidt

    (616) 460-0108

    18 Total Sales

    Steve Merkle
    Section Image

  • J

    Buyer's Agent in 2020

    Jessica Losey

    Five Star Real Estate (M6)

    (616) 551-9660

    1 in this area

    16 Total Sales

    Jessica Losey
    Section Image

  • K

    Buyer Co-Listing Agent in 2020

    Kristin Carlson

    Keller Williams GR East

    (616) 822-5660

    4 in this area

    58 Total Sales

    Kristin Carlson
    Section Image

  • P

    Seller's Agent in 2017

    Peter Westers

    Five Star Real Estate (Grandv)

    (616) 262-7288

    3 in this area

    95 Total Sales

    Peter Westers
    Section Image
  • LuAnn Takens

    Buyer's Agent in 2017

    LuAnn Takens

    Keller Williams GR North (Main)

    (616) 690-0869

    1 in this area

    171 Total Sales

    LuAnn Takens
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20029678

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-333-003

Michigan Kent County Grand Rapids 49505 Creston

1568 Forrest Ave NE, Grand Rapids, MI

This home is located at 1568 Forrest Ave NE, Grand Rapids, MI 49505 since 27 July 2020 and is currently estimated at $316,484. This property was built in 1929. 1568 Forrest Ave NE is a home located in Kent County with nearby schools including Kent Hills 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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