NOT LISTED FOR SALE

2116 Palace Ave SW Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $186,525 - $211,000

3 Beds
1 Bath
1,176 Sq Ft
$171/Sq Ft Est. Value

Last Sold January 23, 2017

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

Est. 570% increase in value since last sale

Current estimated payment $1,222/month

36 Days on Market

Highlights

  • Recreation Room
  • 2 Car Detached Garage
  • Shed
  • Traditional Architecture
  • Living Room
  • Forced Air Heating System

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

Bellabay Realty (SW) License #6501380359

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
  • Living Room
  • Dining Area
  • Recreation Room
  • Basement
  • Michigan Basement

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
  • Stories: 2
  • Year Built: 1922
  • ResoPropertyType: Residential
  • Architectural Style:Traditional: 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
  • 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
  • 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
Bellabay Realty (SW)
List Price
$25,000
Sold Price
$30,000
Premium/Discount to List
$5,000
20%
Total Days on Market
36
Current Estimated Value
$201,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,131
Avg. Annual Appreciation
25.02%

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

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Range of Values:

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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 Change Sq Ft Price
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: 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 $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

    4 in this area

    100 Total Sales

    Randy Charboneau
    Section Image

  • C

    Buyer's Agent in 2017

    Cecilia Cabrero

    Bellabay Realty (SW)

    (616) 949-6980

    3 in this area

    42 Total Sales

    Cecilia Cabrero
    Section Image

  • A

    Buyer's Agent in 2017

    Ana Cabrero

    Harborland Realty LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16059916

Southwestern Michigan Association of REALTORS®

APN: 41-17-12-207-006

Michigan Kent County Grand Rapids 49507 Garfield Park

2116 Palace Ave SW, Grand Rapids, MI

This home is located at 2116 Palace Ave SW, Grand Rapids, MI 49507 since 12 December 2016 and is currently estimated at $201,131, approximately $171 per square foot. This property was built in 1922. 2116 Palace Ave SW is a home located in Kent County with nearby schools including Burton Elementary School, Burton Middle School, and Union 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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