NOT LISTED FOR SALE

1727 Jefferson Ave SE Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $162,000 - $203,000

-- Bed
-- Bath
-- Sq Ft
5,184 Sq Ft Lot

Last Sold February 01, 2013

Last sale price $16,500

Est. 1,003% increase in value since last sale

Current estimated payment $1,138/month

4 Days on Market

About This Home

As of February 2013

Great opportunity to purchase a two unit near Garfield Park in SE Grand Rapids. Upper Unit has 2BR, 1BA, KIT/EA, and Lower Unit has 2BR, 1BA, LR, KIT/EA. The basement is accessible from the lower unit, and has a laundry area, storage area, and non-conforming bedroom. There is off-street parking on the left side of the multi-family, and also an alley behind this multi-family, so you can park behind the property too.

Last Agent to Sell the Property

Donald Feikema

Best Homes of Michigan LLC License #6506045190 Listed on: 01/11/2013

Last Buyer's Agent

Patrick Coffin

Urban Pharm LLC License #6502366822

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1922

Lot Details

  • 5,184

Parking

  • 2 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1
  • Maintenance Expense $1
  • Manager Expense $1
  • Operating Expense $1
  • Gross Income $1
  • Net Operating Income $1

Property Details

Home Type

Apartment

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1922
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 19900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 1.0
  • Insurance Expense: 1.0
  • Maintenance Expense: 1.0
  • Manager Expense: 1.0
  • Net Operating Income: 1.0
  • Number of Units Total: 2
  • Operating Expense: 1.0

Tax Info

  • Tax Annual Amount: 1432.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2013
Closed on
Feb 1, 2013
Sold by
Executive Investments Llc
Bought by
Gwp Housing Llc
Seller's Agent
Donald Feikema
Best Homes of Michigan LLC
Buyer's Agent
Patrick Coffin
Urban Pharm LLC
List Price
$19,900
Sold Price
$16,500
Premium/Discount to List
-$3,400
-17.09%
Total Days on Market
4
Current Estimated Value
$181,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,432
Avg. Annual Appreciation
22.14%

Purchase Details

Listed on
Jan 11, 2013
Closed on
Dec 26, 2012
Sold by
The Bank Of New York Mellon
Bought by
Executive Investments Llc
Seller's Agent
Donald Feikema
Best Homes of Michigan LLC
Buyer's Agent
Patrick Coffin
Urban Pharm LLC
List Price
$19,900
Sold Price
$16,500
Premium/Discount to List
-$3,400
-17.09%

Purchase Details

Closed on
Feb 22, 2012
Sold by
Arreaga Silvia
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Sep 22, 2000
Bought by
Pant Prop Llc and Gwp Housing Llc

Purchase Details

Closed on
Jan 12, 2000
Sold by
Pant Properties Llc
Bought by
Bonilla Pedro and Bonilla Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,200
Interest Rate
7.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 1998
Sold by
Bkm Apprl
Bought by
Pant R and Gwp Housing Llc

Purchase Details

Closed on
Oct 25, 1990
Sold by
Harwood Harwood M M and Harwood Beukema M
Bought by
Gwp Housing Llc

Purchase Details

Closed on
May 13, 1985
Bought by
Gwp Housing Llc
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
Gwp Housing Llc $16,500 Sun Title Agency Of Mi Llc
Executive Investments Llc -- None Available
Executive Investments Llc $8,000 Bay National Title Co
The Bank Of New York Mellon $102,473 None Available
Pant Prop Llc -- --
Bonilla Pedro $44,000 Metropolitan Title Company
Bonilla P $44,000 --
Pant R $34,000 --
Gwp Housing Llc $11,000 --
Gwp Housing Llc $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arreaga Silvia $83,300
Previous Owner Arreaga Silvia $61,229
Previous Owner Bonilla P $35,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2013 02/01/13 Sold $16,500 -17.1% --
01/15/2013 01/15/13 Pending -- -- --
01/11/2013 01/11/13 For Sale $19,900 -- --
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
2024 $1,388 $79,100 $0 $0
2023 $1,327 $70,400 $0 $0
2022 $1,309 $58,300 $0 $0
2021 $1,275 $52,400 $0 $0
2020 $1,278 $44,100 $0 $0
2019 $1,262 $36,800 $0 $0
2018 $1,223 $31,000 $0 $0
2017 $1,193 $25,900 $0 $0
2016 $1,199 $22,800 $0 $0
2015 $1,143 $22,800 $0 $0
2013 -- $24,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Donald Feikema

    Best Homes of Michigan LLC

    (616) 534-2200

    20 Total Sales

    Donald Feikema
    Section Image

  • P

    Buyer's Agent in 2013

    Patrick Coffin

    Urban Pharm LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13002719

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-307-021

Michigan Kent County Grand Rapids 49507 Garfield Park

1727 Jefferson Ave SE, Grand Rapids, MI

This home is located at 1727 Jefferson Ave SE, Grand Rapids, MI 49507 since 11 January 2013 and is currently estimated at $181,932. This property was built in 1922. 1727 Jefferson 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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