NOT LISTED FOR SALE

Estimated Value: $215,000 - $293,602

5 Beds
2 Baths
2,590 Sq Ft
$102/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $217,500 $84 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,100/month

1 Day on Market

Highlights

  • Colonial Architecture
  • Forced Air Heating System
  • Laundry Facilities
  • 2 Car Detached Garage

About This Home

As of July 2023

This is a great income opportunity, especially for an owner occupant!! This 2 unit colonial has recent updates throughout and is FULLY tenanted, with great renters and an amazing property management company! Glass block windows were recently installed to allow ample light into the spacious basement. This is a great chance to earn income starting day 1!!

Last Agent to Sell the Property

Chris VanBelle

Coldwell Banker Professional Lapeer License #MISPE-6506047752 Listed on: 05/16/2023

Coldwell Banker Professional Lapeer

Last Buyer's Agent

C. Scott Hunt

Weichert REALTORS Plat (Main) License #GRAR-6501267362

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1904

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 46x130

Parking

  • 2 Car Detached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Trim

Interior Spaces

  • 2-Story Property
  • Basement
  • Block Basement Construction

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 41-18-06-307-017

Community Details

Overview

  • Association fees include grounds maintenance, heating, snow removal, trash removal, water
  • 2 Units
  • Stow S Add Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,236

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: MULTIFAMILY
  • Type: 1 To 4 Units
  • Type Of Property: Multi-Family
  • Structure Style: 2 Story
  • Styles: Colonial
  • Year Built: 1904
  • Mail City: Grand Rapids
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Basement: Yes
  • Basement Type: Block
  • Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Dining Kitchen: Eat-In Kitchen
  • Estimated Sq Ft: 2590

Exterior Features

  • Construction: Brick, Vinyl Trim
  • Frontage: 46
  • Foundation Type: Basement
  • Roads: Curbed, Paved Street

Garage/Parking

  • Garage Type: Detached Garage
  • Garage Spaces: 2
  • Parking: 3 Or More Spaces, Garage

Utilities

  • Water: Public Water
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Electric: Yes
  • Separate Gas: Yes
  • Sewer/Septic System: Public Sanitary

Condo/Co-op/Association

  • HOA Fee Includes: Grounds Maintenance, Heating, Snow Removal, Trash Removal, Water
  • Community Amenities: Laundry Facility, Pets-Allowed

Lot Info

  • Assessor Parcel Number: 41-18-06-307-017
  • Lot Dimensions: 46x130
  • Acreage: 0.14
  • Geo Subdivision: MI

Rental Info

  • Landlord Pays: Lawn Maintenance, Electric, Gas, Snow Removal, Taxes, Trash Removal, Water/Sewer

Tax Info

  • Summer Tax: Year: 2022, Amount: $3,045.00
  • Winter Tax: Year: 2021, Amount: $191.00
  • Taxable Value: 96100
  • Total Tax: Amount: $3,236.00
  • SEV Year: 2022

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Grand Rapids City School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2024
Sold by
Kauth James and Davis Bonnie
Bought by
Pond Properties Llc
Total Days on Market
1
Current Estimated Value
$263,651

Purchase Details

Listed on
May 16, 2023
Closed on
Jul 5, 2023
Sold by
Layman John N and Layman-Vanbelle Jennifer
Bought by
Kauth James and Davis Bonnie
Seller's Agent
Chris VanBelle
Coldwell Banker Professional Lapeer
Buyer's Agent
C. Scott Hunt
Weichert REALTORS Plat (Main)
List Price
$225,000
Sold Price
$217,500
Premium/Discount to List
-$7,500
-3.33%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.60%
Original Mortgage
$163,125
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2021
Closed on
May 26, 2021
Sold by
Waller Omar and Waller Ariana
Bought by
Layman John N and Layman Vanbelle Jennifer
Seller's Agent
Raeann Lupo
Neighbors Development LLC - I
Buyer's Agent
Raeann Lupo
Neighbors Development LLC - I
List Price
$155,000
Sold Price
$167,500
Premium/Discount to List
$12,500
8.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.18%
Original Mortgage
$142,375
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2020
Sold by
Llpc 1711 Jefferson
Bought by
Waller Omar and Waller Ariana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,241
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2019
Sold by
Waller Omar and Waller Ariana
Bought by
1711 Jefferson Llc

Purchase Details

Listed on
Jul 6, 2018
Closed on
Sep 4, 2018
Sold by
Perdomo Carmencita
Bought by
Waller Omar and Waller Ariana
Seller's Agent
Kyle Gunderson
Keller Williams Realty Rivertown
Buyer's Agent
Richard Rico
Keller Williams GR North
List Price
$115,000
Sold Price
$120,000
Premium/Discount to List
$5,000
4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.37%
Original Mortgage
$117,826
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 7, 2009
Sold by
Secretary Of Housing & Urban Development
Bought by
Perdomo Carmencita

Purchase Details

Closed on
May 13, 2009
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Nov 12, 2008
Sold by
Rodas Romero V
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jun 6, 2003
Sold by
Alverez Edgar and Alverez Gloria
Bought by
Rodas Romero V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,513
Interest Rate
5.71%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 1998
Sold by
Cllns Cllns A A and Cllns Alverez E
Bought by
Alverez Alverez E and Alverez G

Purchase Details

Closed on
Aug 5, 1997
Sold by
Cllns Cllns J J and Cllns J
Bought by
Perdomo Collins A and Perdomo Carmencita

Purchase Details

Closed on
Nov 28, 1988
Source: Public Records

Range of Values:

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Average Value
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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
Pond Properties Llc -- None Listed On Document
Kauth James $217,500 Ata National Title Group
Layman John N $167,500 None Available
Waller Omar -- Amrock Inc
1711 Jefferson Llc -- None Available
Waller Omar $120,000 Ata National Title Group Llc
Perdomo Carmencita $16,500 None Available
The Secretary Of Housing & Urban Develop -- None Available
Wells Fargo Bank Na $85,328 None Available
Rodas Romero V $86,900 Fatic
Alverez Alverez E $26,500 --
Perdomo Collins A -- --
-- $12,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kauth James $163,125
Previous Owner Layman John N $142,375
Previous Owner Waller Omar $123,241
Previous Owner Waller Omar $117,826
Previous Owner Rodas Romero V $85,513
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2023 07/05/23 Sold $217,500 -3.3% $84 / Sq Ft
05/17/2023 05/17/23 Pending -- -- --
05/16/2023 05/16/23 For Sale $225,000 +34.3% $87 / Sq Ft
05/27/2021 05/27/21 Sold $167,500 +8.1% --
04/25/2021 04/25/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $155,000 +29.2% --
09/04/2018 09/04/18 Sold $120,000 +4.3% $46 / Sq Ft
07/08/2018 07/08/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $115,000 -- $44 / Sq Ft
Source: Michigan Multiple Listing Service

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 $7,438 $149,100 $0 $0
2023 $5,052 $116,400 $0 $0
2022 $3,236 $96,100 $0 $0
2021 $3,857 $89,500 $0 $0
2020 $3,754 $73,400 $0 $0
2019 $2,338 $61,400 $0 $0
2018 $2,710 $48,300 $0 $0
2017 $1,991 $39,600 $0 $0
2016 $2,001 $37,300 $0 $0
2015 $1,907 $37,300 $0 $0
2013 -- $43,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Michigan Multiple Listing Service

MLS Number: 50108959

Michigan Multiple Listing Service

APN: 41-18-06-307-017