NOT LISTED FOR SALE

225 Oakley Place NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $341,000 - $392,000

-- Bed
-- Bath
-- Sq Ft
2,613 Sq Ft Lot

Last Sold January 29, 2021

Last sale price $235,000

Est. 52% increase in value since last sale

Current estimated payment $2,351/month

5 Days on Market

About This Home

As of January 2021

2 unit in Heritage Hill in good condition, walking distance to medical mile, GRCC, Kendal, and downtown GR....excellent rental income

Last Agent to Sell the Property

Ron Babitz

Cornerstone Companies License #6501310668 Listed on: 11/18/2020

Last Buyer's Agent

Jacob Thomas

United Realty Services LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1890

Lot Details

  • 2,613

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 2,613 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,500

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 250000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2613.0
  • Zoning Description: TN-LDR
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electricity

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3500.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2020
Closed on
Feb 16, 2021
Sold by
Beene Robert Earl and Beene Karie Yi
Bought by
Grand Rapids Def Llc
Seller's Agent
Ron Babitz
Cornerstone Companies
Buyer's Agent
Jacob Thomas
United Realty Services LLC
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%
Current Estimated Value
$358,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,352
Avg. Annual Appreciation
10.20%
Original Mortgage
$176,250
Outstanding Balance
$158,452
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$207,452

Purchase Details

Listed on
Nov 18, 2020
Closed on
Jan 29, 2021
Sold by
Annen Richard J
Bought by
Beene Karie Yi Van and Beene Robert Earl
Seller's Agent
Ron Babitz
Cornerstone Companies
Buyer's Agent
Jacob Thomas
United Realty Services LLC
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,250
Outstanding Balance
$158,452
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$207,452

Purchase Details

Listed on
Jun 29, 2017
Closed on
Sep 6, 2017
Sold by
Corland Properties Llc
Bought by
Annen Richard J
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Ron Babitz
Cornerstone Companies
List Price
$199,900
Sold Price
$195,000
Premium/Discount to List
-$4,900
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.64%

Purchase Details

Closed on
Oct 6, 2016
Sold by
Landacre Corey John
Bought by
Corland Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2016
Sold by
Wierda Andrew J and Wierda Tracie Taylor
Bought by
Landacre Corey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2015
Sold by
Wierda Andrew J and Wierda Andy
Bought by
Wierda Andrew J and Wierda Tracie Taylor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,400
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2008
Sold by
Citimortgage Inc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 9, 2008
Sold by
Glavas Mark and Abn Amro Mortgage Group Inc
Bought by
Citimortgage Inc

Purchase Details

Closed on
Jun 30, 2005
Sold by
Olthof E Vaughn and Olthof Laurie A
Bought by
Glavas Mark

Purchase Details

Closed on
Mar 6, 1989

Purchase Details

Closed on
May 31, 1984
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
Grand Rapids Def Llc -- None Available
Beene Karie Yi Van $235,000 Bell Title Agency
Annen Richard J $195,000 None Available
Corland Properties Llc -- None Available
Landacre Corey J $115,000 Star Title Agency Llc
Wierda Andrew J -- None Available
Federal National Mortgage Association -- None Available
Citimortgage Inc $123,172 None Available
Glavas Mark $95,000 Chicago Title
-- $35,000 --
-- $31,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beene Karie Yi Van $176,250
Previous Owner Landacre Corey J $86,250
Previous Owner Wierda Andrew J $71,400
Previous Owner Wierda Andy $56,000
Previous Owner Wierda Andrew J $300,000
Previous Owner Glavas Mark $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $235,000 -6.0% --
11/23/2020 11/23/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $250,000 +28.2% --
09/06/2017 09/06/17 Sold $195,000 -2.5% --
07/05/2017 07/05/17 Pending -- -- --
06/29/2017 06/29/17 For Sale $199,900 -- --
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 $4,791 $121,200 $0 $0
2024 $4,791 $115,000 $0 $0
2023 $4,752 $101,100 $0 $0
2022 $4,516 $87,100 $0 $0
2021 $3,540 $85,900 $0 $0
2020 $3,421 $78,900 $0 $0
2019 $3,503 $70,700 $0 $0
2018 $3,396 $64,100 $0 $0
2017 $3,356 $58,600 $0 $0
2016 $2,393 $49,800 $0 $0
2015 $2,280 $49,800 $0 $0
2013 -- $44,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Ron Babitz

    Cornerstone Companies

    (616) 970-1557

    1 in this area

    27 Total Sales

    Ron Babitz
    Section Image
  • Jacob Thomas

    Buyer's Agent in 2021

    Jacob Thomas

    United Realty Services LLC

    (616) 965-2304

    1 in this area

    156 Total Sales

    Jacob Thomas
    Section Image

  • A

    Seller's Agent in 2017

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    3 in this area

    132 Total Sales

    Allison Koetsier
    Section Image

  • T

    Seller Co-Listing Agent in 2017

    Thomas Koetsier

    Kay Courtney & Associates

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20039080

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-133-016

Michigan Kent County Grand Rapids 49503 Heritage Hill

225 Oakley Place NE, Grand Rapids, MI

This home is located at 225 Oakley Place NE, Grand Rapids, MI 49503 since 18 November 2020 and is currently estimated at $358,352. This property was built in 1890. 225 Oakley Place NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, 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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