NOT LISTED FOR SALE

1866 60th St SE Grand Rapids, MI 49508

Princeton Estates Neighborhood

Estimated Value: $310,000 - $366,000

4 Beds
2 Baths
-- Sq Ft
0.29 Acres

Last Sold July 13, 2017

Last sale price $177,000

Est. 96% increase in value since last sale

Current estimated payment $2,069/month

1 Day on Market

Highlights

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Wood Siding
  • East Kentwood High School Rated A-

About This Home

As of July 2017

Nice Kentwood Duplex, Walking Distance From East Kentwood, Freshman, Middle School, And High School. 2 Bedrooms, 1 Bath, Air Conditioning, New Furnaces, New Water Heaters, Garbage Disposal, Living Room, 2 Bedrooms, Bath, Kitchen, Dining Area, New Sliders To Deck On Main Floor, Recreation Room, Extra Storage Room, Utility & Laundry Room Down.

Last Agent to Sell the Property

Paul Williams

Five Star Real Estate (M6) License #6501246115 Listed on: 05/25/2017

Five Star Real Estate (M6)

Last Buyer's Agent

James Larimore

Keller Williams GR North (Main) License #6501392331

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,430

Year Built

  • Built in 1978

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 140' x 90'

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding
  • Aluminum Siding

Utilities

  • Window Unit Cooling System
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Phone Connected
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • Mineral Rights Excluded

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $875
  • Maintenance Expense $1,200
  • Utility Expense $1,400
  • Operating Expense $3,475
  • Gross Income $22,800
  • Net Operating Income $19,325

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,430

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1978
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 140' x 90'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1430.0
  • Tax Info:Zoning3: R3 MED
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Mineral Rights:No: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding
  • List Price: 169900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: Window Unit(s), Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected

Lot Info

  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Size Sq Ft: 12600.0
  • Zoning Description: R3 MED
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 22800.0
  • Insurance Expense: 875.0
  • Maintenance Expense: 1200.0
  • Net Operating Income: 19325.0
  • Number of Units Total: 2
  • Operating Expense: 3475.0

Tax Info

  • Tax Annual Amount: 1430.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2017
Closed on
Jul 12, 2017
Sold by
Yu Yanmei
Bought by
Erny Melinda J
Seller's Agent
Paul Williams
Five Star Real Estate (M6)
Buyer's Agent
James Larimore
Keller Williams GR North (Main)
List Price
$169,900
Sold Price
$177,000
Premium/Discount to List
$7,100
4.18%
Current Estimated Value
$346,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,728
Avg. Annual Appreciation
8.01%
Original Mortgage
$141,600
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 2016
Sold by
Medd Patrick
Bought by
Zhang Jinyuan

Purchase Details

Closed on
May 27, 2016
Sold by
Zhang Jinyuan
Bought by
Yu Yanmei

Purchase Details

Closed on
Aug 7, 1997
Bought by
Dimaggio Ignazio Trust and Zhang Jinyuan

Purchase Details

Closed on
Feb 9, 1995
Bought by
Dimaggio Ignazio and Zhang Jinyuan
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
Erny Melinda J $177,000 Star Title Agency Llc
Yu Yanmei $152,500 None Available
Zhang Jinyuan -- None Available
Yu Yanmei -- Star Title Agency Llc
Dimaggio Ignazio Trust $95,000 --
Dimaggio Ignazio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Acre Melinda $155,600
Closed Erny Melinda J $141,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2017 07/13/17 Sold $177,000 +4.2% --
05/26/2017 05/26/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $169,900 -- --
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
2025 $2,161 $135,500 $0 $0
2024 $2,161 $118,300 $0 $0
2022 $1,967 $99,200 $0 $0
2021 $3,007 $96,400 $0 $0
2020 $1,613 $91,100 $0 $0
2019 $2,272 $85,800 $0 $0
2018 $2,272 $61,300 $12,500 $48,800
2017 $0 $60,600 $0 $0
2016 $0 $53,100 $0 $0
2015 -- $53,100 $0 $0
2013 -- $55,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Paul Williams

    Five Star Real Estate (M6)

    Section Image

  • J

    Buyer's Agent in 2017

    James Larimore

    Keller Williams GR North (Main)

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17024532

Southwestern Michigan Association of REALTORS®

APN: 41-22-04-127-001

Michigan Kent County Grand Rapids 49316 Princeton Estates

1866 60th St SE, Grand Rapids, MI

This home is located at 1866 60th St SE, Grand Rapids, MI 49508 since 25 May 2017 and is currently estimated at $346,728. This property was built in 1978. 1866 60th St SE is a home located in Kent County with nearby schools including Townline Elementary, Pinewood Middle School, and East Kentwood Freshman Campus.

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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