NOT LISTED FOR SALE

2138 Madison Ave SE Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $385,829 - $512,000

Studio

-- Bath

-- Sq Ft

6,528 Sq Ft Lot

Date Sold: June 7, 2016

Last sale price $180,000

Est. 140% increase in value since last sale

Current estimated payment $2,738 / mo

34 Days on Market

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

Last Buyer's Agent

Rachel Deback

Bellabay Realty (North) License #6501367568

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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

6,528 Sq Ft Lot

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
OfficeContract Info:List PriceSqFt2: 57.03
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Feb 2017 - Present 9 Years and 6 Months

Company

Purchase Details

Closed on

Feb 14, 2017

Sold by

Bought by

Current Estimated Value

$432,207

Jun 2016 - Feb 2017 8 Months

Private Individual

Purchase Details

Listed on

Mar 19, 2016

Closed on

Jun 10, 2016

Sold by

Bought by

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%

Avg. Annual Appreciation

9.00%

Original Mortgage

$135,000

Interest Rate

3.66%

Mortgage Type

Commercial

Jan 2000 - Jun 2016 16 Years and 5 Months

Private Individual

Purchase Details

Closed on

Jan 1, 2000

Bought by

Oct 1996 - Jan 2000 3 Years and 3 Months

Company

Purchase Details

Closed on

Oct 18, 1996

Bought by

Source: Public Records

Agents Specializing in Garfield Park, MI

Sylvia Dana

Responds Quickly

Epique Realty

(616) 816-4906

32 Total Sales

1 in Garfield Park

$226,000 Price

Sylvia Dana
Justin Glover

RE/MAX of Grand Rapids (Stndl)

(616) 816-5921

284 Total Sales

2 in Garfield Park

$315,000 Price Range

Justin Glover
Nestor Vazquez

Five Star Real Estate (Main)

(616) 816-5851

166 Total Sales

9 in Garfield Park

$161K - $215K Price Range

Nestor Vazquez
Justine Hooper

Amplified Real Estate

(269) 397-8986

149 Total Sales

1 in Garfield Park

$208,000 Price

Justine Hooper
Cory Maguire

Green Crown Real Estate LLC

(810) 285-7097

112 Total Sales

1 in Garfield Park

$175,000 Price

Cory Maguire
Matt VandeWater

City2Shore Gateway Group

(616) 816-4915

31 Total Sales

1 in Garfield Park

$175,000 Price

Matt VandeWater

See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date	Buyer	Sale Price	Title Company
		--	None Available
		$180,000	Sun Title Agency Of Mi Llc
		--	--
		$93,000	--

Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date	Status	Borrower	Loan Amount
	Previous Owner		$135,000

Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date	Event	Price	List to Sale	Price per Sq Ft
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: MichRIC

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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	$4,295	$163,500	$0	$0
2024	$42	$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

23 Total Sales

Lisa Elburn
R

Buyer's Agent in 2016

Rachel Deback

Bellabay Realty (North)

(616) 902-9149

13 Total Sales

Rachel Deback

See All Agents

Map

Source: MichRIC

MLS Number: 16011529

APN: 41-18-07-201-021

Michigan Kent County Grand Rapids 49507 Garfield Park

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Nearby Homes

2138 Madison Ave SE Grand Rapids, MI 49507

Sale Details

About This Home

Property Details

Home Type

Est. Annual Taxes

Year Built

Lot Details

Parking

Basement

Utilities

Community Details

Listing and Financial Details

Property Details

Listing Details

Interior Features

Exterior Features

Garage/Parking

Utilities

Lot Info

Rental Info

Multi Family

Tax Info

Ownership History

Purchase Details

Purchase Details

Home Financials for this Owner

Purchase Details

Purchase Details

Home Values in the Area

Average Home Value in this Area

Agents Specializing in Garfield Park, MI

Purchase History

Mortgage History

Property History

Tax History

Agents Affiliated with this Home

Map