NOT LISTED FOR SALE

1940 Ball Ave NE Grand Rapids, MI 49505

North East Citizens Action Neighborhood

Estimated Value: $487,000 - $562,000

-- Bed
-- Bath
-- Sq Ft
0.38 Acres

Last Sold March 27, 2020

Last sale price $300,000

Est. 77% increase in value since last sale

Current estimated payment $3,620/month

Highlights

  • 0.38 Acre Lot
  • Central Air
  • Hot Water Heating System

About This Home

As of March 2020

Custom, quality built duplex in a convenient location to Knapp's corner. Owner's unit is in the back of the duplex and is very private and spacious at 1981 sf, 2 Bedroom 2 Bath with 3 Stall Garage. The floor plan is airy and open and includes brick fireplace, formal dining, spacious living room and kitchen with island and ample cabinetry. The master suite has double doors to patio, large walk in closet and spacious master bath with two vanities and jetted tub. There is a office located just off the garage with private entrance. All floors are heated including garage. The other unit is 1088sf 2 Bedroom 2 Bath Ranch with a 2 stall attached garage. Underground sprinkling and Central Air in both units.

Last Agent to Sell the Property

Jeannine Pond

616 Realty LLC Listed on: 07/17/2020

616 Realty LLC

Last Buyer's Agent

Jeannine Pond

616 Realty LLC Listed on: 07/17/2020

616 Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,591

Year Built

  • Built in 1997

Lot Details

  • 0.38 Acre Lot

Parking

  • 5 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Central Air
  • Hot Water Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,591

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Brick
  • List Price: 300000.0
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Hot Water
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Size Sq Ft: 16466.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3590.89
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Mar 27, 2020
Sold by
Russo Karen J
Bought by
J D E & Associates Llc
Seller's Agent
Jeannine Pond
616 Realty LLC
Buyer's Agent
Jeannine Pond
616 Realty LLC
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$531,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,067
Avg. Annual Appreciation
10.21%
Original Mortgage
$225,000
Outstanding Balance
$200,615
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$309,370

Purchase Details

Closed on
Aug 26, 2019
Sold by
Russo Salvatore
Bought by
Russo Karen J

Purchase Details

Closed on
Feb 9, 2017
Sold by
Russo Thomad S
Bought by
Russo Karen J

Purchase Details

Closed on
Jan 13, 2006
Sold by
Shurbet Partners
Bought by
Russo Real Estate Development Llc

Purchase Details

Closed on
Jan 28, 1997
Bought by
Russo Russo S and Russo K

Purchase Details

Closed on
Dec 1, 1996
Bought by
Russo Russo S and Russo K
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
J D E & Associates Llc $300,000 Next Door Title Agency Llc
Russo Karen J -- None Available
Russo Karen J $166,395 Startitle Agency Llc
Russo Real Estate Development Llc -- None Available
Russo Russo S $145,000 --
Russo Russo S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J D E & Associates Llc $225,000
Previous Owner Russo Salvatore $11,431
Previous Owner Russo Salvatore $234,000
Previous Owner Russo Salvatore $378,000
Previous Owner Russo Salvatore $43,842
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 For Sale $300,000 0.0% --
03/27/2020 03/27/20 Sold $300,000 -- --
03/03/2020 03/03/20 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
2025 $8,983 $272,400 $0 $0
2024 $8,983 $249,100 $0 $0
2023 $8,910 $179,000 $0 $0
2022 $8,469 $167,500 $0 $0
2021 $8,251 $158,100 $0 $0
2020 $4,605 $139,300 $0 $0
2019 $3,591 $131,100 $0 $0
2018 $3,473 $122,600 $0 $0
2017 $3,384 $107,100 $0 $0
2016 $3,415 $98,000 $0 $0
2015 $3,207 $98,000 $0 $0
2013 -- $95,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jeannine Pond

    616 Realty LLC

    (616) 340-4421

    31 Total Sales

    Jeannine Pond
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20027947

Southwestern Michigan Association of REALTORS®

APN: 41-14-16-101-030

Michigan Kent County Grand Rapids 49505 North East Citizens Action

1940 Ball Ave NE, Grand Rapids, MI

This home is located at 1940 Ball Ave NE, Grand Rapids, MI 49505 since 17 July 2020 and is currently estimated at $531,067. This property was built in 1997. 1940 Ball Ave NE is a home located in Kent County with nearby schools including Riverside Middle School, Union High School, and Lighthouse Academy - Waalkes 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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