NOT LISTED FOR SALE

229 Oakley Place NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $322,225 - $413,000

-- Bed
-- Bath
-- Sq Ft
2,483 Sq Ft Lot

Last Sold December 13, 2019

Last sale price $232,000

Est. 58% increase in value since last sale

Current estimated payment $2,392/month

6 Days on Market

About This Home

As of December 2019

Attention smart money; The investment opportunity you've been waiting for is here! This amazing Heritage Hill 3-unit has almost everything a new or seasoned investor/owner occupant wants: location, income, and condition. This property is located just a walk or short rideshare away from everything Grand Rapids has to offer. A location like this really helps boost desirability which minimizes vacancy. Income is already very strong, and yet has room to grow. And condition is rent-ready! 2019 exterior paint, tasteful interior updates, and being sold with ⅔ units fully furnished. Don't miss this incredible opportunity!

Last Agent to Sell the Property

Joshua Bareman

City2Shore Real Estate (GR) Listed on: 10/25/2019

Last Buyer's Agent

Robert Steffens

Five Star Real Estate (Main) License #6501262370

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,291

Year Built

  • Built in 1890

Lot Details

  • 2,483 Sq Ft Lot

Home Design

  • Composition Roof

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,291

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

Exterior Features

  • List Price: 239000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2483.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3290.54
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2019
Closed on
Dec 13, 2019
Sold by
Lang Amy
Bought by
Zaagman Rebecca B and Zaagman Michael T
Seller's Agent
Joshua Bareman
City2Shore Real Estate (GR)
Buyer's Agent
Robert Steffens
Five Star Real Estate (Main)
List Price
$239,000
Sold Price
$232,000
Premium/Discount to List
-$7,000
-2.93%
Current Estimated Value
$367,306

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,306
Avg. Annual Appreciation
7.84%
Original Mortgage
$174,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 18, 2014
Closed on
May 20, 2015
Sold by
Kozycki Cynthia J and Kozycki Andrew
Bought by
Lang Amy
Seller's Agent
Jan Norton Fairchild
Keller Williams GR East
Buyer's Agent
Jessica Tucker
Keller Williams GR East
List Price
$177,500
Sold Price
$155,000
Premium/Discount to List
-$22,500
-12.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.23%
Original Mortgage
$116,250
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2002
Sold by
Pinter Bradford J and Pinter Anne Mcgovern
Bought by
Kozycki Andrew and Kozycki Cynthia J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.3%

Purchase Details

Closed on
Oct 12, 2000
Bought by
Pinter Pinter B and Pinter A

Purchase Details

Closed on
Feb 6, 1987

Purchase Details

Closed on
Jan 13, 1983
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
Zaagman Rebecca B $232,000 None Available
Lang Amy $155,000 Grand Rapids Title Co Llc
Kozycki Andrew $110,000 --
Pinter Bradford J $99,000 --
Pinter Pinter B -- --
-- $35,200 --
-- $39,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zaagman Rebecca B $182,000
Closed Zaagman Rebecca B $174,000
Previous Owner Lang Amy $116,250
Previous Owner Kozycki Cynthia J $88,458
Previous Owner Pinter Bradford J $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2019 12/13/19 Sold $232,000 -2.9% --
10/31/2019 10/31/19 Pending -- -- --
10/25/2019 10/25/19 For Sale $239,000 +54.2% --
05/20/2015 05/20/15 Sold $155,000 -12.7% --
04/16/2015 04/16/15 Pending -- -- --
11/18/2014 11/18/14 For Sale $177,500 -- --
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 $4,361 $120,900 $0 $0
2024 $4,361 $111,100 $0 $0
2023 $4,326 $96,200 $0 $0
2022 $4,112 $94,900 $0 $0
2021 $4,006 $84,800 $0 $0
2020 $3,872 $75,700 $0 $0
2019 $3,394 $71,900 $0 $0
2018 $3,291 $72,800 $0 $0
2017 $3,210 $60,300 $0 $0
2016 $3,226 $51,400 $0 $0
2015 $2,337 $51,400 $0 $0
2013 -- $45,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joshua Bareman

    City2Shore Real Estate (GR)

  • R

    Buyer's Agent in 2019

    Robert Steffens

    Five Star Real Estate (Main)

    (616) 293-0708

    11 Total Sales

    Section Image

  • J

    Seller's Agent in 2015

    Jan Norton Fairchild

    Keller Williams GR East

    (616) 450-8874

    32 Total Sales

    Section Image
  • Jessica Tucker

    Buyer's Agent in 2015

    Jessica Tucker

    Keller Williams GR East

    (616) 307-2529

    147 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19050990

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-133-015

Michigan Kent County Grand Rapids 49503 Heritage Hill

229 Oakley Place NE, Grand Rapids, MI

This home is located at 229 Oakley Place NE, Grand Rapids, MI 49503 since 25 October 2019 and is currently estimated at $367,306. This property was built in 1890. 229 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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