NOT LISTED FOR SALE

2116 Palace Ave SW Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $200,000 - $214,761

3 Beds
1 Bath
1,176 Sq Ft
$177/Sq Ft Est. Value

Last Sold January 23, 2017

Last sale price $30,000 $26 Per Sq Ft

Est. 589% increase in value since last sale

Current estimated payment $1,183/month

36 Days on Market

Highlights

  • Recreation Room
  • Den
  • Living Room
  • Traditional Architecture
  • 2 Car Detached Garage
  • Laundry Room

About This Home

As of January 2017

Solid 3 bedroom home on the SW side. Need cosmetics and some repair, but potential is there. Vinyl siding. Alley access off back. Shed could be 2 stall garage. Michigan basement. Hardwood floors. Some mechanical updates. Great opportunity! Seller will not respond to offers until the home has been on the market for at least 20 days. Offers must include a written renovation plan, written statement regarding the ability of the buyer to complete the renovations, and POF for purchase plus the renovations. See attached addendums. These are required to be completely filled out with any offer submitted. POF for Purchase and Renovation is REQUIRED with ALL OFFERS. See agent remarks for additional restrictions. Attached Code Violations (if any) must be addressed in renovation plan.

Last Agent to Sell the Property

Randy Charboneau

Independence Realty (RSC) License #6506045903 Listed on: 12/12/2016

Last Buyer's Agent

Cecilia Cabrero

Five Star Real Estate (M6) License #6501380359

Five Star Real Estate (M6)

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1922

Lot Details

  • 4,965 Sq Ft Lot
  • Lot Dimensions are 40x124
  • Property is zoned LDR, LDR

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,176 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Recreation Room
  • Basement
  • Michigan Basement
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed
  • Storage Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1922

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1922
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 21.26
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40x124
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1176.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 1178.0
  • Tax Info:Zoning3: LDR
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Water Heater:Natural Gas4: Yes
  • Substructure:Michigan Basement: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1176.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Other Structures:Storage Shed: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 1176.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 672.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 25000.0
  • Other Structures: Shed(s)
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 40x124
  • Lot Size Sq Ft: 4965.0
  • Zoning Description: LDR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1178.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2016
Closed on
Jan 23, 2017
Sold by
Kent County Land Bank Authority
Bought by
Mendez Usiel Avisai Reyes
Seller's Agent
Randy Charboneau
Independence Realty (RSC)
Buyer's Agent
Cecilia Cabrero
Five Star Real Estate (M6)
List Price
$25,000
Sold Price
$30,000
Premium/Discount to List
$5,000
20%
Current Estimated Value
$206,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,602
Avg. Annual Appreciation
24.24%

Purchase Details

Closed on
Jul 11, 2016
Sold by
Parrish Kenneth D
Bought by
The City Of Grand Rapids

Purchase Details

Closed on
Jul 6, 2016
Sold by
City Of Grand Rapids
Bought by
Kent County Land Bank Authority

Purchase Details

Closed on
Oct 29, 2004
Sold by
Newcomb Clarence
Bought by
Zylstra Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 1997
Sold by
Frt Ntl and Frt Newcomb C
Bought by
Zylstra Debbie

Purchase Details

Closed on
Nov 29, 1991
Sold by
Geglio Geglio A A and Geglio Newcomb C
Bought by
Zylstra Debbie

Purchase Details

Closed on
Jan 11, 1984
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mendez Usiel Avisai Reyes $30,000 Sun Title Agency Of Michigan
The City Of Grand Rapids $405,636 None Available
Kent County Land Bank Authority $405,636 None Available
Zylstra Debbie $45,000 Lawyers Title Ins
Zylstra Debbie $15,000 --
Zylstra Debbie -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zylstra Debbie $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/23/2017 01/23/17 Sold $30,000 +20.0% $26 / Sq Ft
01/17/2017 01/17/17 Pending -- -- --
12/12/2016 12/12/16 For Sale $25,000 -- $21 / Sq Ft
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 $1,177 $97,100 $0 $0
2024 $1,177 $83,300 $0 $0
2023 $1,194 $73,100 $0 $0
2022 $1,133 $56,200 $0 $0
2021 $1,108 $46,800 $0 $0
2020 $1,059 $42,600 $0 $0
2019 $1,072 $37,700 $0 $0
2018 $1,072 $30,800 $0 $0
2017 $202 $24,800 $0 $0
2016 $1,124 $25,000 $0 $0
2015 $1,071 $25,000 $0 $0
2013 -- $20,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Charboneau

    Seller's Agent in 2017

    Randy Charboneau

    Independence Realty (RSC)

    (616) 262-0001

    2 in this area

    90 Total Sales

    Randy Charboneau
    Section Image

  • C

    Buyer's Agent in 2017

    Cecilia Cabrero

    Five Star Real Estate (M6)

    (616) 949-6980

    3 in this area

    39 Total Sales

    Cecilia Cabrero
    Section Image

  • A

    Buyer's Agent in 2017

    Ana Cabrero

    Harborland Realty LLC

See All Agents

Map

Source: MichRIC

MLS Number: 16059916

MichRIC

APN: 41-17-12-207-006

Michigan Kent County Grand Rapids 49507 Garfield Park

2116 Palace Ave SW, Grand Rapids, MI

Not Listed for Sale

Detached

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