$499,900
SOLD APR 7, 2014

1698 Watermark Dr SE Unit 5 Grand Rapids, MI 49546

Forest Hills Neighborhood
5 Beds
3.5 Baths
5,413 Sq Ft
0.37 Acres

Recently Sold

$92 Per Sq Ft

12% Below List Price

66 Days on Market

Highlights

  • On Golf Course
  • Fruit Trees
  • Family Room with Fireplace
  • Ada Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of May 2018

Beautiful Home Situated on the 6th tee. This home has all of the upgrades & built-ins you would expect in a home of this distinction. Main level features a gourmet kitchen with Granite counter tops & butlers pantry, A large great room complete with mantled fireplace, living room, formal dining room and large Entry. Two bedrooms with Jack & Jill bath are on the main floor along with the master suite with it's own sitting room, spacious walk-in closet & large master bath with jetted tub, double vanity, shower. Lower Level walkout features a game room, billiard room, home theater room, rec room, family room with mantled fireplace, second kitchen & wet bar, wine cellar, 2 bedrooms,den/study,2 mechanical rooms & plenty of storage. Extras include:mud room with lockers. main floor laundry, 2 zon es heating system. Bank of America, N.A. employees and employees' household members and HTS business partners of the Bank, are prohibited from purchasing this property,whether directly or indirectly.

Last Agent to Sell the Property

Dave V'dovick

Independence Realty (Belmont) License #6501326788 Listed on: 12/30/2013

Co-Listed By

Michael V'Dovick

RE/MAX of Grand Rapids (FH) License #6502405721

Last Buyer's Agent

Douglas Cooke

Five Star Real Estate (Main) License #6502356635

Five Star Real Estate (Main)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,963

Year Built

  • Built in 2006

Lot Details

  • 0.37 Acre Lot
  • Lot Dimensions are 113x144x124x127
  • On Golf Course
  • Shrub
  • Sprinkler System
  • Fruit Trees

HOA Fees

  • $62 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick or Stone Mason
  • Composition Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 5,413 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Built-In Desk
  • Ceiling Fan
  • Gas Log Fireplace
  • Low Emissivity Windows
  • Insulated Windows
  • Mud Room
  • Family Room with Fireplace
  • 2 Fireplaces
  • Game Room with Fireplace
  • Recreation Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Kitchen Island
  • Snack Bar or Counter
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Outdoor Features

  • Deck
  • Patio

Location

  • Mineral Rights Excluded

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Softener is Owned
  • Phone Available
  • Cable TV Available

Community Details

  • Association fees include snow removal, lawn/yard care

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,963

Year Built

Built in 2006

Lot Details

0

HOA Fees

$62 per month

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • Stories: 1
  • Year Built: 2006
  • ResoPropertyType: Residential
  • Garage Type Attached: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher
  • Interior Amenities: Ceiling Fans, Ceramic Floor, Garage Door Opener, Water Softener/Owned, Wet Bar, Wood Floor, Kitchen Island, Eat-in Kitchen, Pantry
  • Fireplace Features: Gas Log, Rec Room, Family
  • Fireplace: Yes
  • Fireplaces: 2
  • Total Bedrooms: 5
  • Main Level Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Daylight, Walk Out, Full
  • LivingArea: 5413.0
  • Window Features: Low Emissivity Windows, Insulated Windows
  • Kitchen Features:Eating Area: Yes
  • Kitchen Features:Center Island: Yes
  • Kitchen Features:Mud Room Access: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes
  • Fireplace:Family: Yes
  • Kitchen Features:Desk Built-In: Yes
  • Fireplace:Rec Room: Yes

Exterior Features

  • Construction Materials: Wood Siding, Stone
  • Exterior Features: Patio, Deck(s)
  • List Price: 514900.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved
  • Waterfront: No
  • Driveway Paved: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Deck(s): Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Attached, Paved
  • Garage:Garage2: Yes
  • Additional Items:Garage Door Opener: Yes
  • Garage Type:_three_: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Connected, Natural Gas Connected, Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 742.0
  • Association Fee Frequency: Annually
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Info:Approx Assoc Fee2: 742.0
  • Association Info:Assoc Buy in Fee: o
  • Association Info:Assoc Fee Payable: Annually

Fee Information

  • Association Fee Includes: Snow Removal, Lawn/Yard Care

Lot Info

  • Lot Size Acres: 0.37
  • Lot Size Area: 0.37
  • Lot Dimensions: 113X144X124X127
  • Lot Size Sq Ft: 16117.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 9963.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2018
Closed on
May 21, 2018
Sold by
Morris Brian and Morris Kim
Bought by
Mander Navneet S and Mander Anjali M
Seller's Agent
Jeffery VanRhee
Keypoint Realty Group LLC
Buyer's Agent
Scott Perschbacher
Greenridge Realty (EGR)
List Price
$725,000
Sold Price
$695,000
Premium/Discount to List
-$30,000
-4.14%
Total Days on Market
66
Current Estimated Value
$1,208,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$513,560
Avg. Annual Appreciation
8.18%
Original Mortgage
$556,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 27, 2016
Closed on
Jul 7, 2016
Sold by
Sundaram Sridhar and Sridhar Suganthi
Bought by
Morris Brian and Morris Kim
Seller's Agent
Douglas Cooke
Five Star Real Estate (Main)
Buyer's Agent
Jeffery VanRhee
Keypoint Realty Group LLC
List Price
$689,950
Sold Price
$615,000
Premium/Discount to List
-$74,950
-10.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.76%

Purchase Details

Listed on
Dec 30, 2013
Closed on
Mar 14, 2014
Sold by
The Bank Of New York Mellon
Bought by
Sundaram Sridhar and Sridhar Suganthi
Seller's Agent
Dave V'dovick
Independence Realty (Belmont)
Buyer's Agent
Douglas Cooke
Five Star Real Estate (Main)
List Price
$565,900
Sold Price
$499,900
Premium/Discount to List
-$66,000
-11.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$399,920
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2013
Sold by
Rozek Karen M and Rozek David C
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 31, 2006
Sold by
Bell Clem and Bell Renee
Bought by
Rozek David C and Rozek Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2006
Sold by
Tornvall Kenneth B and Tornvall Kathleen Tobin
Bought by
Bell Clem H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.2%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 26, 2000
Bought by
Tornvall Kenneth B and Bank Of New York Mellon
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $695,000 Sun Title Agency Of Michigan
Warranty Deed $615,000 None Available
Deed $499,900 None Available
Sheriffs Deed $679,782 None Available
Warranty Deed -- None Available
Warranty Deed $120,000 None Available
Warranty Deed $99,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $508,500 New Conventional
Closed $556,000 New Conventional
Previous Owner $398,000 New Conventional
Previous Owner $20,000 Credit Line Revolving
Previous Owner $399,920 New Conventional
Previous Owner $624,000 New Conventional
Previous Owner $550,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2018 05/21/18 Sold $695,000 -4.1% $129 / Sq Ft
04/09/2018 04/09/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $725,000 +17.9% $135 / Sq Ft
07/07/2016 07/07/16 Sold $615,000 -10.9% $115 / Sq Ft
07/07/2016 07/07/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $689,950 +38.0% $128 / Sq Ft
04/07/2014 04/07/14 Sold $499,900 -11.7% $92 / Sq Ft
03/06/2014 03/06/14 Pending -- -- --
12/30/2013 12/30/13 For Sale $565,900 -- $105 / Sq Ft
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 $9,014 $500,400 $0 $0
2023 $12,621 $450,300 $0 $0
2022 $12,213 $407,900 $0 $0
2021 $11,914 $392,500 $0 $0
2020 $8,047 $375,800 $0 $0
2019 $11,401 $364,000 $0 $0
2018 $11,401 $356,800 $0 $0
2017 $14,465 $317,500 $0 $0
2016 $10,244 $315,600 $0 $0
2015 -- $315,600 $0 $0
2013 -- $298,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13070032

Southwestern Michigan Association of REALTORS®

APN: 41-19-06-489-005