NOT LISTED FOR SALE

2081-2083 SE Shangrai La Grand Rapids, MI 49508

Millbrook Neighborhood

Estimated Value: $340,000 - $415,000

-- Bed
4 Baths
-- Sq Ft
9,920 Sq Ft Lot

Last Sold November 14, 2014

Last sale price $114,000

Est. 230% increase in value since last sale

Current estimated payment $2,303/month

15 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 4 Car Garage
  • Level Lot

About This Home

As of November 2014

Very nicely remodeled and ready to rent..Walk-out units with 3 large bedrooms and 2 full baths each side. Great view from big living room and family rooms. Freshly painted and carpeted in 2081 and 2083 in good shape also with a long term tenant. This are large units and can easily rent for $950-$1,000 each.... NEW washer dryer are included in 20181 unit....so great cash flow and return on investment. Turn key operation long term owner retiring ,great opportunity for cheap rent to owner -occupant or great return on investment for investor. All on quiet cul-de-sac HURRY

Last Agent to Sell the Property

John Engelhard

Five Star Real Estate (Grandv) Listed on: 10/23/2014

Last Buyer's Agent

Jeff Northouse

42 North Realty Group License #6501236995

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 9,920 Sq Ft Lot
  • Lot Dimensions are 80 x 124
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Utilities

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

Additional Features

  • Walk-Out Basement
  • Mineral Rights Excluded

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1976
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 42.82
  • General Property Info:Lot Dimensions: 80 x 124
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3252.0
  • Tax Info:Zoning3: R-4
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Walk Out: Yes
  • Mineral Rights:No: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Walk Out

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 119900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Sq Ft: 9920.0
  • Zoning Description: R-4
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3252.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2014
Closed on
Nov 14, 2014
Sold by
Knoper Wayne and 2081 Shangrai La Llc
Bought by
Phillips Thelma
Seller's Agent
John Engelhard
Five Star Real Estate (Grandv)
Buyer's Agent
Jeff Northouse
42 North Realty Group
List Price
$119,900
Sold Price
$114,000
Premium/Discount to List
-$5,900
-4.92%
Current Estimated Value
$376,063

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,063
Avg. Annual Appreciation
11.34%
Original Mortgage
$78,500
Outstanding Balance
$60,355
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$315,708

Purchase Details

Closed on
Oct 19, 2012
Sold by
Knoper Wayne L and Knoper Teresa M
Bought by
2081 Shangrai La Llc

Purchase Details

Closed on
Jun 10, 1988

Purchase Details

Closed on
Sep 9, 1986
Bought by
2081 Shangrai La Llc

Purchase Details

Closed on
Jun 29, 1982
Bought by
2081 Shangrai La Llc

Purchase Details

Closed on
Oct 9, 1981
Bought by
2081 Shangrai La Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Phillips Thelma $114,000 None Available
2081 Shangrai La Llc -- None Available
-- $87,500 --
2081 Shangrai La Llc $77,900 --
2081 Shangrai La Llc $100 --
2081 Shangrai La Llc $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Thelma $78,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2014 11/14/14 Sold $114,000 -4.9% --
11/07/2014 11/07/14 Pending -- -- --
10/23/2014 10/23/14 For Sale $119,900 -- --
Source: MichRIC

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 $3,907 $163,100 $0 $0
2024 $3,907 $141,200 $0 $0
2023 $3,875 $119,700 $0 $0
2022 $3,683 $112,900 $0 $0
2021 $3,589 $114,500 $0 $0
2020 $3,822 $102,300 $0 $0
2019 $3,551 $93,000 $0 $0
2018 $3,443 $79,800 $0 $0
2017 $3,358 $65,500 $0 $0
2016 $3,375 $62,900 $0 $0
2015 $2,644 $62,900 $0 $0
2013 -- $65,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    John Engelhard

    Five Star Real Estate (Grandv)

  • Jeff Northouse

    Buyer's Agent in 2014

    Jeff Northouse

    42 North Realty Group

    (616) 366-5240

    1 in this area

    81 Total Sales

    Jeff Northouse
    Section Image

  • J

    Buyer's Agent in 2014

    Jeffrey Northouse

    Greenridge Realty (West)

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Map

Source: MichRIC

MLS Number: 14059513

MichRIC

APN: 41-18-16-203-007

Michigan Kent County Grand Rapids 49508 Millbrook

2081-2083 SE Shangrai La, Grand Rapids, MI

Not Listed for Sale

MultiFamily

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