NOT LISTED FOR SALE

158 Prospect Ave NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $474,795 - $569,000

-- Bed
-- Bath
-- Sq Ft
0.26 Acres

Last Sold December 07, 2017

Last sale price $400,500

Est. 30% increase in value since last sale

Current estimated payment $3,520/month

7 Days on Market

About This Home

As of December 2017

Rare opportunity to own Italiante Stlye 4-unit in Heritage Hill.
Main floor apartment is almost 1,500 sq. ft. It features a large kitchen with stainless steel appliances, and granite countertops, formal dining room, separate cozy and bright sunroom, huge family room with a decorative (not for use) fireplace. There is also a nook that makes a great office space. Large master bedroom, second bedroom, full bath and laundry with washer/dryer completes unit #1. Unit #2 and #3 feature living room, kitchen, bedroom and bath.
Unit 3 has just been freshly painted, new flooring, new kitchen, and new bath. Unit #4 is a studio with kitchen, bedroom and bath.
New roof in 2010. Upgraded wiring in 2004/2005. New hot water heater.
One stall garage. Pride of ownership shows. Beautiful grounds.

Last Agent to Sell the Property

melissa Knorr

Dodgson Land Co License #6506044715 Listed on: 10/30/2017

Last Buyer's Agent

Laura Cole

Keller Williams GR East License #6501383883

Keller Williams GR East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,519

Year Built

  • Built in 1880

Lot Details

  • 0.26

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Phone Connected
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 0.26 Acre Lot

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 4 Units

Building Details

  • Utility Expense $4,770
  • Gross Income $43,800
  • Net Operating Income $39,030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,519

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 399900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0
  • Unit 1:Garage4: Yes

Utilities

  • Heating: Natural Gas, Hot Water
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Size Sq Ft: 11310.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 43800.0
  • Net Operating Income: 39030.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4519.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2018
Sold by
Utz James D and Utz Melisa A
Bought by
Utz Property Management Llc
Current Estimated Value
$520,699

Purchase Details

Closed on
Feb 2, 2016
Sold by
Manguse Mary W
Bought by
Manguse Mary W and The Mary W Manguse Trust

Purchase Details

Closed on
Dec 28, 2006
Sold by
Manguse Mary W and Manguse Richard D
Bought by
Manguse Mary W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2005
Sold by
Mary W Manguse Trust
Bought by
Utz James D and Utz Melisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,325
Interest Rate
3.9%
Mortgage Type
New Conventional
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
Utz Property Management Llc -- None Available
Manguse Mary W -- Attorney
Manguse Mary W -- None Available
Utz James D $400,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Mary W Manguse Trust $175,000
Previous Owner Manguse Mary W $145,000
Previous Owner Manguse Mary W $20,000
Previous Owner Manguse Mary W $148,000
Previous Owner Utz James D $260,325
Previous Owner Manguse Mary W $110,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2017 12/07/17 Sold $400,500 +0.2% --
11/06/2017 11/06/17 Pending -- -- --
10/30/2017 10/30/17 For Sale $399,900 -- --
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 $7,444 $227,700 $0 $0
2024 $7,444 $209,300 $0 $0
2023 $7,384 $179,900 $0 $0
2022 $7,018 $162,000 $0 $0
2021 $6,838 $177,500 $0 $0
2020 $6,609 $156,600 $0 $0
2019 $6,767 $126,800 $0 $0
2018 $6,945 $131,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • m

    Seller's Agent in 2017

    melissa Knorr

    Dodgson Land Co

    (616) 915-6560

    16 Total Sales

    melissa Knorr
    Section Image

  • L

    Buyer's Agent in 2017

    Laura Cole

    Keller Williams GR East

    (616) 301-4513

    1 in this area

    74 Total Sales

    Laura Cole
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17053979

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-181-020

Michigan Kent County Grand Rapids 49503 Heritage Hill

158 Prospect Ave NE, Grand Rapids, MI

This home is located at 158 Prospect Ave NE, Grand Rapids, MI 49503 since 30 October 2017 and is currently estimated at $520,699. This property was built in 1880. 158 Prospect Ave NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, 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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