NOT LISTED FOR SALE

2143 Palace Ave SW Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $160,000 - $202,000

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold February 11, 2022

Last sale price $145,000

Est. 25% increase in value since last sale

Current estimated payment $1,230/month

119 Days on Market

Highlights

  • Cooling Available
  • High Speed Internet
  • Wood Siding
  • Forced Air Heating System

About This Home

As of February 2022

Multi-family home... What a wonderful opportunity to own a home with 3bed/2 full bath and invest in the option of leasing the upper unit. Great for Investors and/or Multi-family dwellings. Don't miss this opportunity to gain outstanding income. Home boast with originality... must tour inside to appreciated the great opportunity for homeownership. (Due to tenants privacy- no inside photos available). Current tenants are month to month... For more information, please contact listing agent.

Last Agent to Sell the Property

Gwendolyn Johnson

Greenridge Realty (EGR) License #6501356752 Listed on: 09/07/2021

Last Buyer's Agent

Jason Post

Five Star Real Estate (Rock) License #6501413422

Five Star Real Estate (Rock)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,584

Year Built

  • Built in 1915

Lot Details

  • 4,356

Parking

  • 1 Parking Space

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Wall Furnace
  • Window Unit Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 4,356 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, trash collection, gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,584

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 164900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 1.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Wall Furnace, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1584.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2021
Closed on
Feb 11, 2022
Sold by
David Garcia
Bought by
Dgs Properties Llc
Seller's Agent
Gwendolyn Johnson
Greenridge Realty (EGR)
Buyer's Agent
Jason Post
Five Star Real Estate (Rock)
List Price
$169,900
Sold Price
$145,000
Premium/Discount to List
-$24,900
-14.66%
Total Days on Market
119
Current Estimated Value
$180,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,784
Avg. Annual Appreciation
7.97%
Original Mortgage
$108,750
Outstanding Balance
$102,691
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$84,489

Purchase Details

Closed on
Oct 26, 2017
Sold by
Gilewski Ruby L and The Ruby L Gilewski Trust
Bought by
Gibson Crystal

Purchase Details

Closed on
Dec 22, 2010
Sold by
Gilewski Ruby
Bought by
The Ruby L Gilewski Trust
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
Dgs Properties Llc -- None Listed On Document
Garcia David Romero $145,000 Chicago Title
Gibson Crystal $45,000 None Available
The Ruby L Gilewski Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia David Romero $108,750
Previous Owner Gilewski Ruby L $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2022 02/11/22 Sold $145,000 -14.7% --
01/04/2022 01/04/22 Pending -- -- --
09/07/2021 09/07/21 For Sale $169,900 -- --
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
2024 $3,248 $69,900 $0 $0
2023 $3,166 $62,000 $0 $0
2022 $1,604 $52,100 $0 $0
2021 $1,563 $46,900 $0 $0
2020 $1,510 $40,100 $0 $0
2019 $1,499 $33,500 $0 $0
2018 $1,499 $28,300 $0 $0
2017 $831 $23,700 $0 $0
2016 $839 $21,000 $0 $0
2015 $787 $21,000 $0 $0
2013 -- $23,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gwendolyn Johnson

    Greenridge Realty (EGR)

    (616) 340-8441

    10 in this area

    57 Total Sales

    Gwendolyn Johnson
    Section Image

  • J

    Buyer's Agent in 2022

    Jason Post

    Five Star Real Estate (Rock)

    (616) 951-2123

    4 in this area

    67 Total Sales

    Jason Post
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21104486

Southwestern Michigan Association of REALTORS®

APN: 41-17-12-206-024

Michigan Kent County Grand Rapids 49507 Garfield Park

2143 Palace Ave SW, Grand Rapids, MI

This home is located at 2143 Palace Ave SW, Grand Rapids, MI 49507 since 07 September 2021 and is currently estimated at $180,784. This property was built in 1915. 2143 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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