NOT LISTED FOR SALE

1625 Wealthy St SE Grand Rapids, MI 49506

Estimated Value: $527,000 - $640,000

4 Beds
2 Baths
-- Sq Ft
6,000 Sq Ft Lot

Last Sold July 25, 2022

Last sale price $448,100

Est. 25% increase in value since last sale

Current estimated payment $3,725/month

8 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • East Grand Rapids High School Rated A
  • High Speed Internet

About This Home

As of July 2022

Seller has directed broker to hold offers until 12PM on Fri 6/17/22. 1625 is leased thru 6/29/2023 @ $1575 now and 1627 is leased through 4/13/2023 @ $1420. Located in East Grand Rapids but just a stone's throw to all that Eastown has to offer. Each unit offers 2 bedrooms, 1 bath, 1 garage parking space, hardwood floors, updated kitchen and bath, newer windows. Spacious and open floor plan. Kitchen with range, ref, dishwasher and breakfast nook. Each unit has private access to the basement for storage and washer and dryer. Showings Available Saturday 10a-12:30p; Monday 5p-7p, Thursday 9a-11a

Last Agent to Sell the Property

Tanya Craig

Keller Williams GR East License #6502364151 Listed on: 06/09/2022

Keller Williams GR East

Last Buyer's Agent

Chris Konyndyk

RE/MAX of Grand Rapids (FH) License #6501388093

RE/MAX of Grand Rapids (FH)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,944

Year Built

  • Built in 1918

Lot Details

  • 6,000 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Maintenance Expense $4,775
  • Manager Expense $2,683
  • Operating Expense $10,159
  • Gross Income $33,521
  • Net Operating Income $23,363

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,944

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1918
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 350000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6000.0
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 33521.0
  • Maintenance Expense: 4775.0
  • Manager Expense: 2683.0
  • Net Operating Income: 23363.0
  • Number of Units Total: 2
  • Operating Expense: 10159.0

Tax Info

  • Tax Annual Amount: 6944.33
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Jul 25, 2022
Sold by
Jarad A Bailey Trust
Bought by
Konyndyk Annalie and Konyndyk Gabrielle
Seller's Agent
Tanya Craig
Keller Williams GR East
Buyer's Agent
Chris Konyndyk
RE/MAX of Grand Rapids (FH)
List Price
$350,000
Sold Price
$448,100
Premium/Discount to List
$98,100
28.03%
Current Estimated Value
$561,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,080
Avg. Annual Appreciation
6.90%

Purchase Details

Closed on
May 1, 2017
Sold by
Bailey Jeard A
Bought by
Bailey Jerad A and The Jerad A Bailey Trust

Purchase Details

Listed on
Sep 9, 2016
Closed on
Nov 1, 2016
Sold by
Cliff Aaron and Cliff Bethany Marie
Bought by
Bailey Jerad
Seller's Agent
Juanita Buskard
RE/MAX of Grand Rapids (Wyomg)
Buyer's Agent
Allison Bok
Keller Williams GR North (Main)
List Price
$279,900
Sold Price
$236,750
Premium/Discount to List
-$43,150
-15.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.05%
Original Mortgage
$177,562
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2013
Sold by
Cliff Aaron and Cliff Bethany
Bought by
Cliff Aaron

Purchase Details

Closed on
Jun 19, 2009
Sold by
Hornick Patricia
Bought by
Cliff Aaron and Cliff Bethany

Purchase Details

Closed on
Jul 5, 2007
Sold by
Estate Of Roger Lawrence Maxam
Bought by
Etter Maxam Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 28, 2006
Sold by
Estate Of Roger L Maxam
Bought by
Etter Patricia A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Konyndyk Annalie $448,100 None Listed On Document
Bailey Jerad A -- None Available
Bailey Jerad $236,750 Attorney
Cliff Aaron -- None Available
Cliff Aaron $150,000 None Available
Etter Maxam Patricia -- None Available
Etter Patricia A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Konyndyk Gabrielle $336,000
Previous Owner Bailey Jerad $177,562
Previous Owner Clif Aaron $121,082
Previous Owner Etter Patricia Annette $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2022 07/25/22 Sold $448,100 +28.0% --
06/17/2022 06/17/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $350,000 +47.8% --
11/07/2016 11/07/16 Sold $236,750 -15.4% --
09/10/2016 09/10/16 Pending -- -- --
09/09/2016 09/09/16 For Sale $279,900 -- --
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 $8,295 $235,800 $0 $0
2024 $8,295 $226,900 $0 $0
2023 $8,307 $177,500 $0 $0
2022 $7,139 $167,900 $0 $0
2021 $6,944 $160,600 $0 $0
2020 $6,567 $157,100 $0 $0
2019 $6,804 $134,100 $0 $0
2018 $6,645 $105,800 $0 $0
2017 $6,566 $104,100 $0 $0
2016 $6,843 $125,200 $0 $0
2015 -- $125,200 $0 $0
2013 -- $112,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tanya Craig

    Seller's Agent in 2022

    Tanya Craig

    Keller Williams GR East

    (616) 813-2946

    47 in this area

    170 Total Sales

    Tanya Craig
    Section Image
  • Chris Konyndyk

    Buyer's Agent in 2022

    Chris Konyndyk

    RE/MAX Michigan

    (616) 262-0678

    3 in this area

    60 Total Sales

    Chris Konyndyk
    Section Image

  • J

    Seller's Agent in 2016

    Juanita Buskard

    RE/MAX Michigan

  • A

    Buyer's Agent in 2016

    Allison Bok

    Keller Williams GR North (Main)

    (616) 634-4799

    9 in this area

    25 Total Sales

    Allison Bok
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22023067

Southwestern Michigan Association of REALTORS®

APN: 41-14-28-352-034

Michigan Kent County Grand Rapids 49506

1625 Wealthy St SE, Grand Rapids, MI

This home is located at 1625 Wealthy St SE, Grand Rapids, MI 49506 since 09 June 2022 and is currently estimated at $561,180. This property was built in 1918. 1625 Wealthy St SE is a home located in Kent County with nearby schools including East Grand Rapids High School, William C. Abney Academy, and St. Stephen 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.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes