NOT LISTED FOR SALE

1816 Horton Ave SE Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $343,791 - $382,000

-- Bed
-- Bath
-- Sq Ft
5,280 Sq Ft Lot

Last Sold August 08, 2023

Last sale price $350,000

Est. 3% increase in value since last sale

Current estimated payment $2,542/month

25 Days on Market

About This Home

As of August 2023

This is a rare 3 unit opportunity with a return that exceeds ''the 1% rule.'' Gross rents are $3,745.00, with potential to increase. Vouchers are now worth $1,985.00 for 3bedrooms in Grand Rapids making it possible to increase the gross rents to $5,495.00 These properties are hard to find in Grand Rapids. The property is fully occupied and the tenants are in good standing with professional management in place. One 3 bedroom unit will be opening up in the next couple of weeks. Separate utilities. The roof was just replaced this year creating a low maintenance property. City Certified until 11/25. Don't miss this opportunity to jump into immediate cash flow.

Last Agent to Sell the Property

Tim VandenToorn

United Realty Services LLC License #6502392770 Listed on: 07/11/2023

Last Buyer's Agent

Justin Rinks

Century 21 Affiliated (GR) License #6501420063

Century 21 Affiliated (GR)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,800

Year Built

  • Built in 1898

Lot Details

  • 5,280 Sq Ft Lot

Parking

  • 8 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 2 Fireplaces
  • Basement
  • Michigan Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,800

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1898
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 349900.0
  • Number of Buildings: 2
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 40*132
  • Lot Size Sq Ft: 5280.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2800.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2023
Closed on
Aug 24, 2023
Sold by
Amb Consulting Llc
Bought by
Juen Maggie and Oostenbrugge Karl
Seller's Agent
Tim VandenToorn
United Realty Services LLC
Buyer's Agent
Justin Rinks
Century 21 Affiliated (GR)
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%
Total Days on Market
25
Views
11
Current Estimated Value
$360,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,948
Avg. Annual Appreciation
1.71%
Original Mortgage
$262,500
Outstanding Balance
$258,107
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$102,841

Purchase Details

Closed on
Aug 23, 2021
Sold by
Bozymowski Alexander Marcel
Bought by
Amb Consulting Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 29, 2019
Closed on
Jan 31, 2020
Sold by
Aguillon Alvaro
Bought by
Bozymowski Alexander Marcel
Seller's Agent
Jim Yurgaites
Pyramid Realty
Buyer's Agent
Vaughn Greathouse
Five Star Real Estate (Grandv)
List Price
$217,000
Sold Price
$217,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.02%
Original Mortgage
$162,750
Interest Rate
3.72%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2014
Sold by
Aguillon Alicia
Bought by
Aguillon Alvaro

Purchase Details

Closed on
May 19, 2009
Sold by
Secretary Of Housing & Urban Development
Bought by
Agullon Alvaro

Purchase Details

Closed on
Jul 1, 2008
Sold by
Us Bank Na
Bought by
Hud

Purchase Details

Closed on
Mar 19, 2008
Sold by
Tejada Angel L and Tejada Ingrid R
Bought by
Us Bank Na and Cwmbs 2006-R1

Purchase Details

Closed on
Oct 1, 2004
Sold by
Taveras Jennifer B
Bought by
Tejada Angel L and Tejada Ingrid R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,166
Interest Rate
5.85%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 27, 1995
Sold by
Cusack Cusack T T and Cusack Griffin W
Bought by
Agullon Griffin W and Agullon Alvaro

Purchase Details

Closed on
Apr 26, 1995
Sold by
Ballas Ballas C C and Ballas Cusak T
Bought by
Agullon Cusak T and Agullon Alvaro

Purchase Details

Closed on
Dec 9, 1993
Sold by
Cusack Cusack T T and Cusack Griffin W
Bought by
Agullon Alvaro

Purchase Details

Closed on
Nov 20, 1992
Sold by
Ybarra Ybarra D D and Ybarra Cusack T
Bought by
Agullon Alvaro

Purchase Details

Closed on
Feb 17, 1992
Sold by
Cusack Cusack T T and Cusack Ybarra D
Bought by
Agullon Alvaro

Purchase Details

Closed on
Sep 1, 1983
Sold by
Vandenboss Vandenboss S S and Vandenboss Arens R
Bought by
Agullon Alvaro

Purchase Details

Closed on
Aug 3, 1983
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
Juen Maggie $350,000 Irongate Title Agency
Amb Consulting Llc -- None Available
Bozymowski Alexander Marcel $217,000 None Available
Aguillon Alvaro -- None Available
Agullon Alvaro $18,777 None Available
Hud -- None Available
Us Bank Na $122,038 None Available
Tejada Angel L $118,000 Chicago Title
Agullon Griffin W $20,000 --
Agullon Cusak T $16,000 --
Agullon Alvaro -- --
Agullon Alvaro -- --
Agullon Alvaro $36,900 --
Agullon Alvaro -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Juen Maggie $262,500
Previous Owner Amb Consulting Llc $192,000
Previous Owner Bozymowski Alexander Marcel $162,750
Previous Owner Tejada Angel L $116,166
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2023 08/08/23 Sold $350,000 0.0% --
07/16/2023 07/16/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $349,900 0.0% --
06/30/2023 06/30/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $349,900 +61.2% --
02/03/2020 02/03/20 Sold $217,000 0.0% --
01/04/2020 01/04/20 Pending -- -- --
07/29/2019 07/29/19 For Sale $217,000 -- --
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 $6,196 $124,200 $0 $0
2023 $5,047 $107,900 $0 $0
2022 $4,978 $96,000 $0 $0
2021 $4,984 $95,500 $0 $0
2020 $1,913 $81,600 $0 $0
2019 $2,127 $64,000 $0 $0
2018 $4,107 $53,400 $0 $0
2017 $1,853 $39,600 $0 $0
2016 $1,927 $34,700 $0 $0
2015 $1,774 $34,700 $0 $0
2013 -- $40,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim VandenToorn

    Seller's Agent in 2023

    Tim VandenToorn

    United Realty Services LLC

    (616) 965-2304

    5 in this area

    92 Total Sales

    Tim VandenToorn
    Section Image
  • Justin Rinks

    Buyer's Agent in 2023

    Justin Rinks

    Century 21 Affiliated (GR)

    (616) 457-2000

    3 in this area

    83 Total Sales

    Justin Rinks
    Section Image
  • Jim Yurgaites

    Seller's Agent in 2020

    Jim Yurgaites

    Pyramid Realty

    (616) 540-0300

    5 Total Sales

    Jim Yurgaites
    Section Image

  • V

    Buyer's Agent in 2020

    Vaughn Greathouse

    Five Star Real Estate (Grandv)

    (616) 232-5874

    2 in this area

    91 Total Sales

    Vaughn Greathouse
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23021400

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-352-005

Michigan Kent County Grand Rapids 49507 Garfield Park

1816 Horton Ave SE, Grand Rapids, MI

This home is located at 1816 Horton Ave SE, Grand Rapids, MI 49507 since 11 July 2023 and is currently estimated at $360,948. This property was built in 1898. 1816 Horton 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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