NOT LISTED FOR SALE

2138 Madison Ave SE Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $366,468 - $482,000

-- Bed
-- Bath
-- Sq Ft
6,528 Sq Ft Lot

Last Sold June 07, 2016

Last sale price $180,000

Est. 128% increase in value since last sale

Current estimated payment $2,568/month

34 Days on Market

Highlights

  • Hot Water Heating System
  • Laundry Facilities
  • 4-minute walk to Garfield Park

About This Home

As of June 2016

Classic rental. Proven income producer with very low vacancy rate. Off street parking. Located across from Garfield Park and close to bus routes. On site laundry. Current city cert through 1/18. Collects 2500 in rents monthly.

Last Agent to Sell the Property

Lisa Elburn

616 Realty LLC Listed on: 03/19/2016

616 Realty LLC

Last Buyer's Agent

Rachel Deback

Bellabay Realty (North) License #6501367568

Bellabay Realty (North)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,744

Year Built

  • Built in 1925

Lot Details

  • 6,528 Sq Ft Lot
  • Lot Dimensions are 48x136

Parking

  • 4 Parking Spaces

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,744

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 48x136
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2744.0
  • Tax Info:Zoning3: NA
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • List Price: 189900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water, Natural Gas
  • Heating: Yes
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6528.0
  • Zoning Description: NA
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2744.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2017
Sold by
Santos Eric C and Santos Joyce Natividad I
Bought by
Ten Cubed Llc
Current Estimated Value
$410,367

Purchase Details

Listed on
Mar 19, 2016
Closed on
Jun 10, 2016
Sold by
Devinney Eric S and Devinney Betty A
Bought by
Santos Eric C and Santos Joyce I
Seller's Agent
Lisa Elburn
616 Realty LLC
Buyer's Agent
Rachel Deback
Bellabay Realty (North)
List Price
$189,900
Sold Price
$180,000
Premium/Discount to List
-$9,900
-5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.60%
Original Mortgage
$135,000
Interest Rate
3.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 2000
Bought by
Devinney Devinney R and Devinney B

Purchase Details

Closed on
Oct 18, 1996
Bought by
Paradox Prop and Devinney Eric S Betty A
Source: Public Records

Range of Values:

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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
Ten Cubed Llc -- None Available
Santos Eric C $180,000 Sun Title Agency Of Mi Llc
Devinney Devinney R -- --
Paradox Prop $93,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santos Eric C $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2016 06/07/16 Sold $180,000 -5.2% --
04/22/2016 04/22/16 Pending -- -- --
03/19/2016 03/19/16 For Sale $189,900 -- --
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 $4,184 $163,500 $0 $0
2024 $4,184 $155,000 $0 $0
2023 $4,150 $131,600 $0 $0
2022 $3,944 $119,700 $0 $0
2021 $3,843 $102,400 $0 $0
2020 $3,715 $89,800 $0 $0
2019 $3,803 $78,900 $0 $0
2018 $3,687 $69,600 $0 $0
2017 $3,171 $64,900 $0 $0
2016 $2,880 $57,700 $0 $0
2015 $2,744 $57,700 $0 $0
2013 -- $52,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lisa Elburn

    616 Realty LLC

    (616) 970-5472

    28 Total Sales

    Lisa Elburn
    Section Image

  • R

    Buyer's Agent in 2016

    Rachel Deback

    Bellabay Realty (North)

    (616) 902-9149

    19 Total Sales

    Rachel Deback
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16011529

Southwestern Michigan Association of REALTORS®

APN: 41-18-07-201-021

Michigan Kent County Grand Rapids 49507 Garfield Park

2138 Madison Ave SE, Grand Rapids, MI

This home is located at 2138 Madison Ave SE, Grand Rapids, MI 49507 since 19 March 2016 and is currently estimated at $410,367. This property was built in 1925. 2138 Madison Ave SE is a home located in Kent County with nearby schools including Brookside Elementary School, Alger Middle School, and Ottawa Hills 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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