NOT LISTED FOR SALE

1725 Coit Ave NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $252,744 - $264,000

2 Beds
2 Baths
-- Sq Ft
4,840 Sq Ft Lot

Last Sold March 10, 2020

Last sale price $156,000

Est. 54% increase in value since last sale

Current estimated payment $1,549/month

12 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • Wood Siding

About This Home

As of March 2020

Marketing Remarks: Turn-key income property located in one of the hottest housing markets in the country. Professionally managed, upper unit rented for $650/mo, lower unit recently vacated and ready for an owner occupant buyer. Recently re-certified with city of GR (city compliance certificate good through March 2022). Off-street parking. 1-stall garage. Fenced yard. Won't last long!

Last Agent to Sell the Property

Patrick Coffin

Urban Pharm LLC License #6502366822 Listed on: 11/04/2019

Last Buyer's Agent

Patrick Coffin

Urban Pharm LLC License #6502366822 Listed on: 11/04/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,448

Year Built

  • Built in 1895

Lot Details

  • 4,840

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding
  • Shingle Siding

Utilities

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

Additional Features

  • Michigan Basement
  • 4,840 Sq Ft Lot

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,448

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1895
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding, Shingle Siding
  • List Price: 156350.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4840.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2448.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2019
Closed on
Mar 10, 2020
Sold by
Malkasian Timothy J
Bought by
Estep Jon G
Seller's Agent
Patrick Coffin
Urban Pharm LLC
Buyer's Agent
Patrick Coffin
Urban Pharm LLC
List Price
$156,350
Sold Price
$156,000
Premium/Discount to List
-$350
-0.22%
Current Estimated Value
$240,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,247
Avg. Annual Appreciation
8.13%
Original Mortgage
$152,488
Outstanding Balance
$135,917
Interest Rate
3.5%
Mortgage Type
FHA
Estimated Equity
$102,419

Purchase Details

Closed on
Jul 11, 2017
Sold by
Molnar Anthony L
Bought by
Liked Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 17, 2014
Closed on
Mar 13, 2015
Sold by
Molnar Anthony L
Bought by
Liked Properties Llc
Seller's Agent
Tina Johnson
RE/MAX United (Main)
Buyer's Agent
Matt Kepley
Five Star Real Estate (Ada)
List Price
$75,000
Sold Price
$60,000
Premium/Discount to List
-$15,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.15%

Purchase Details

Closed on
Oct 14, 1999
Bought by
Molnar Molnar A and Molnar Anthony L

Purchase Details

Closed on
Oct 10, 1994
Sold by
King King D D and King Powell F
Bought by
Molnar Anthony L

Purchase Details

Closed on
Sep 30, 1986
Bought by
Molnar Anthony L
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
Estep Jon G $156,000 None Available
Liked Properties Llc $60,000 First American Title Ins Co
Malkasian Timothy J -- First American Title Ins Co
Liked Properties Llc -- Sun Title Agency Of Mi Llc
Molnar Molnar A $67,000 --
Molnar Anthony L $43,900 --
Molnar Anthony L $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Estep Jon G $152,488
Closed Estep Jon $7,500
Previous Owner Malkasian Timothy J $51,000
Previous Owner Molnar Anthony L $53,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2020 03/10/20 Sold $156,000 -0.2% --
11/16/2019 11/16/19 Pending -- -- --
11/04/2019 11/04/19 For Sale $156,350 +160.6% --
03/13/2015 03/13/15 Sold $60,000 -20.0% --
02/16/2015 02/16/15 Pending -- -- --
11/17/2014 11/17/14 For Sale $75,000 -- --
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
2025 $2,876 $105,400 $0 $0
2024 $2,876 $89,400 $0 $0
2023 $2,878 $77,800 $0 $0
2022 $2,734 $68,400 $0 $0
2021 $2,668 $61,900 $0 $0
2020 $1,433 $55,600 $0 $0
2019 $1,784 $46,400 $0 $0
2018 $1,730 $37,800 $0 $0
2017 $1,687 $31,700 $0 $0
2016 $1,696 $31,200 $0 $0
2015 $1,595 $31,200 $0 $0
2013 -- $34,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2020

    Patrick Coffin

    Urban Pharm LLC

  • T

    Seller's Agent in 2015

    Tina Johnson

    RE/MAX Michigan

  • D

    Seller Co-Listing Agent in 2015

    David Militz

    RE/MAX Michigan

  • M

    Buyer's Agent in 2015

    Matt Kepley

    Five Star Real Estate (Ada)

    (616) 308-7006

    2 in this area

    73 Total Sales

    Section Image

  • M

    Buyer's Agent in 2015

    Matthew Kepley

    Keller Williams GR East

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19053586

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-154-027

Michigan Kent County Grand Rapids 49505 Creston

1725 Coit Ave NE, Grand Rapids, MI

This home is located at 1725 Coit Ave NE, Grand Rapids, MI 49505 since 04 November 2019 and is currently estimated at $259,436. This property was built in 1895. 1725 Coit Ave NE is a home located in Kent County with nearby schools including Palmer School, Riverside Middle School, and Union 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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