NOT LISTED FOR SALE

1831 Francis Ave SE Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $234,311 - $240,000

4 Beds
2 Baths
-- Sq Ft
5,750 Sq Ft Lot

Last Sold February 25, 2020

Last sale price $150,000

Est. 58% increase in value since last sale

Current estimated payment $1,620/month

2 Days on Market

About This Home

As of February 2020

Huge 2 Story Home Designed Duplex With Interior Entrance Or Mother In-law Apartment. Two Kitchens, 2 Baths, 4 Bedrooms, 2 Formal Dining Rooms, 2 Living Rooms. Home Is Great For That Large Family. Home was remodeled in 2009. Hardwood Floors throughout.

Last Agent to Sell the Property

Tanya Powell-May

Keller Williams GR North License #6506046475 Listed on: 01/22/2020

Keller Williams GR North

Co-Listed By

Parker Tillman

Keller Williams GR North License #6501405318

Last Buyer's Agent

Ashley Dietch

Hello Homes GR License #6502407309

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,300

Year Built

  • Built in 1900

Lot Details

  • 5,750

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 5,750 Sq Ft Lot

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,041
  • Maintenance Expense $1,200
  • Operating Expense $2,300
  • Gross Income $25,200
  • Net Operating Income $17,259

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,300

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 149000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5750.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 25200.0
  • Insurance Expense: 1041.0
  • Maintenance Expense: 1200.0
  • Net Operating Income: 17259.0
  • Number of Units Total: 2
  • Operating Expense: 2300.0

Tax Info

  • Tax Annual Amount: 2299.94
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2020
Closed on
Feb 24, 2020
Sold by
Clark Kelly and Clark Susan
Bought by
Bo Daniel
Seller's Agent
Tanya Powell-May
Keller Williams GR North
Buyer's Agent
Ashley Dietch
Hello Homes GR
List Price
$149,000
Sold Price
$150,000
Premium/Discount to List
$1,000
0.67%
Total Days on Market
2
Current Estimated Value
$236,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,828
Avg. Annual Appreciation
8.82%
Original Mortgage
$112,500
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 11, 2018
Closed on
Jun 8, 2018
Sold by
Clark Kelly
Bought by
Clark Kelly and Clark Susan
Seller's Agent
Tanya Powell-May
Keller Williams GR North
Buyer's Agent
Tanya Powell-May
Keller Williams GR North
List Price
$82,000
Sold Price
$82,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.06%

Purchase Details

Closed on
Jul 17, 2017
Sold by
Bollinger Joel M
Bought by
Rock Investing Llc

Purchase Details

Closed on
Nov 19, 2009
Sold by
Wynn Gilbert H and Wynn Barbara
Bought by
Bollinger Joel M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,324
Interest Rate
4.78%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 1, 1997
Bought by
Wynn Gilbert H and Bollinger Joel M

Purchase Details

Closed on
Dec 28, 1994
Sold by
Mitz Trust and Mitz Wynn G
Bought by
Bollinger Joel M

Purchase Details

Closed on
Feb 12, 1994
Bought by
Bollinger Joel M
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
Bo Daniel $150,000 None Available
Clark Kelly -- None Available
Clark Kelly $82,000 Essential Title Agency Llc
Rock Investing Llc $35,000 None Available
Bollinger Joel M $37,000 Chicago Title
Wynn Gilbert H $10,500 --
Wynn Gilbert H $10,500 Chicago
Bollinger Joel M $10,500 --
Bollinger Joel M $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bo Daniel $141,050
Closed Bo Daniel $112,500
Previous Owner Bollinger Joel M $36,324
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2020 02/25/20 Sold $150,000 +0.7% --
01/24/2020 01/24/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $149,000 +81.7% --
09/11/2018 09/11/18 For Sale $82,000 0.0% $42 / Sq Ft
06/08/2018 06/08/18 Sold $82,000 -- $42 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
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 $3,477 $91,500 $0 $0
2023 $3,449 $81,800 $0 $0
2022 $3,278 $67,900 $0 $0
2021 $3,194 $61,200 $0 $0
2020 $2,246 $51,500 $0 $0
2019 $2,300 $43,100 $0 $0
2018 $1,828 $34,500 $0 $0
2017 $1,215 $29,000 $0 $0
2016 $1,221 $25,600 $0 $0
2015 $957 $25,600 $0 $0
2013 -- $23,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tanya Powell-May

    Seller's Agent in 2020

    Tanya Powell-May

    Keller Williams GR North

    (616) 308-3556

    12 in this area

    305 Total Sales

    Tanya Powell-May
    Section Image

  • P

    Seller Co-Listing Agent in 2020

    Parker Tillman

    Keller Williams GR North

    (616) 325-5221

    6 in this area

    55 Total Sales

    Parker Tillman
    Section Image
  • Ashley Dietch

    Buyer's Agent in 2020

    Ashley Dietch

    Hello Homes GR

    (616) 439-1272

    1 in this area

    250 Total Sales

    Ashley Dietch
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20002636

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-352-035

Michigan Kent County Grand Rapids 49507 Garfield Park

1831 Francis Ave SE, Grand Rapids, MI

This home is located at 1831 Francis Ave SE, Grand Rapids, MI 49507 since 22 January 2020 and is currently estimated at $236,828. This property was built in 1900. 1831 Francis 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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