NOT LISTED FOR SALE

1655 Madison Ave SE Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $237,000 - $289,291

-- Bed
-- Bath
-- Sq Ft
7,187 Sq Ft Lot

Last Sold February 27, 2023

Last sale price $250,000

Est. 8% increase in value since last sale

Current estimated payment $1,853/month

14 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding

About This Home

As of February 2023

Fully remodeled 3 bed 1.5 bath side-by-side duplex. Just in time as Gentex announced a satellite production facility in Madison Square scheduled to open in May. This home is ideal for a duplex. Each floorplan is the same. Main floor features a large living area, a recently updated kitchen, and a half bath. Head upstairs to discover 3 nicely sized bedrooms and a remodeled full bathroom. Each unit has beautiful hardwood floors and woodwork. In the lower level, each unit has its own separate space with washer/dryer hookup. All utilities are split except for the water. 1655 rents for $1150/mo and 1657 rents for $1295. Both units are month to month with great tenants. Seller installed a new driveway in 2019 and there is plenty of off street parking plus yard space. Check it out before its gone

Last Agent to Sell the Property

Ashleigh VanDuinen-Leistra

Re/Max of Grand Rapids (Grandville) License #6501369240 Listed on: 02/08/2023

Re/Max of Grand Rapids (Grandville)

Last Buyer's Agent

Neil DeMeester

Bellabay Realty (North) License #6502406029

Bellabay Realty (North)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,284

Year Built

  • Built in 1928

Lot Details

  • 7,187 Sq Ft Lot
  • Lot Dimensions are 60x120

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,284

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1928
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Wood Siding
  • List Price: 299900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

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

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Natural Gas Connected, Electricity Connected, Water Available, Sewer Available

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Dimensions: 60X120
  • Lot Size Sq Ft: 7187.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3284.15
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2023
Closed on
Feb 27, 2023
Sold by
Proteus Management Group Llc
Bought by
Robore Capital Llc
Seller's Agent
Ashleigh VanDuinen-Leistra
Re/Max of Grand Rapids (Grandville)
Buyer's Agent
Neil DeMeester
Bellabay Realty (North)
List Price
$299,900
Sold Price
$250,000
Premium/Discount to List
-$49,900
-16.64%
Total Days on Market
14
Views
44
Current Estimated Value
$269,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,323
Avg. Annual Appreciation
3.35%

Purchase Details

Listed on
Aug 23, 2019
Closed on
Oct 11, 2019
Sold by
The Estate Of Rosetta Perry
Bought by
Proteus Management Group Llc
Seller's Agent
Jeff Blahnik
Five Star Real Estate (Main)
Buyer's Agent
Ashleigh VanDuinen-Leistra
Re/Max of Grand Rapids (Grandville)
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.25%
Original Mortgage
$90,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 2016
Sold by
Perry Rosetta and Fortenberry Barbara
Bought by
Fortenberry Barbara and Fortenberry Richard

Purchase Details

Closed on
Apr 5, 1990
Sold by
Savage Savage G G and Savage Perry R
Bought by
Perry Rosetta
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
Robore Capital Llc $250,000 --
Proteus Management Group Llc $120,000 Star Title Agency Llc
Fortenberry Barbara -- None Available
Perry Rosetta $22,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Proteus Management Group Llc $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2023 02/27/23 Sold $250,000 -16.6% --
02/22/2023 02/22/23 Pending -- -- --
02/08/2023 02/08/23 For Sale $299,900 +149.9% --
10/11/2019 10/11/19 Sold $120,000 -7.7% --
09/04/2019 09/04/19 Pending -- -- --
08/23/2019 08/23/19 For Sale $130,000 -- --
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 $5,089 $102,000 $0 $0
2023 $3,150 $91,100 $0 $0
2022 $3,107 $75,500 $0 $0
2021 $3,027 $68,000 $0 $0
2020 $2,926 $57,200 $0 $0
2019 $701 $23,950 $0 $0
2018 $201 $0 $0 $0
2017 $479 $0 $0 $0
2016 $1,034 $29,200 $0 $0
2015 $1,564 $29,200 $0 $0
2013 -- $37,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashleigh VanDuinen-Leistra

    Seller's Agent in 2023

    Ashleigh VanDuinen-Leistra

    Re/Max of Grand Rapids (Grandville)

    (616) 283-3560

    2 in this area

    188 Total Sales

    Ashleigh VanDuinen-Leistra
    Section Image

  • N

    Buyer's Agent in 2023

    Neil DeMeester

    Bellabay Realty (North)

    (616) 490-2592

    2 in this area

    57 Total Sales

    Neil DeMeester
    Section Image
  • Angela Worth

    Buyer Co-Listing Agent in 2023

    Angela Worth

    Bellabay Realty (North)

    (616) 299-3953

    4 in this area

    175 Total Sales

    Angela Worth
    Section Image
  • Jeff Blahnik

    Seller's Agent in 2019

    Jeff Blahnik

    Five Star Real Estate (Main)

    (616) 292-3725

    1 in this area

    245 Total Sales

    Jeff Blahnik
    Section Image

  • A

    Buyer's Agent in 2019

    Ashleigh VanDuinen

    RE/MAX of G.R. Inc. (SE) - I

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23003938

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-326-028

Michigan Kent County Grand Rapids 49507 Garfield Park

1655 Madison Ave SE, Grand Rapids, MI

This home is located at 1655 Madison Ave SE, Grand Rapids, MI 49507 since 08 February 2023 and is currently estimated at $269,323. This property was built in 1928. 1655 Madison Ave SE is a home located in Kent County with nearby schools including Dickinson 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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