NOT LISTED FOR SALE

Estimated Value: $383,000 - $462,308

-- Bed
1 Bath
-- Sq Ft
5,560 Sq Ft Lot

Last Sold January 27, 2023

Last sale price $362,000

Est. 16% increase in value since last sale

Current estimated payment $3,063/month

116 Days on Market

Highlights

  • Hot Water Heating System
  • Level Lot
  • Wood Siding
  • 4 Car Garage

About This Home

As of January 2023

Heritage Hill Two Family rental opportunity. 2 Large units, one 2 bedroom, 1 bath and the lower unit is 3 bedroom 2 bath. Upper unit has a walk up attic for storage and a deck overlooking the back yard. All rooms are good size and nearly ready for a new tenant. Lower unit also has a deck over looking back and a full basement for additional storage. Both have off street parking and 1/2 use of the two car garage. Easy to Show

Last Agent to Sell the Property

Timothy Katerberg

RE/MAX of Grand Rapids (Stndl) License #6506044457 Listed on: 09/06/2022

RE/MAX of Grand Rapids (Stndl)

Last Buyer's Agent

Tyan Roelands

Riley Dean Properties LLC License #6502433369

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,467

Year Built

  • Built in 1895

Lot Details

  • 5,560 Sq Ft Lot
  • Lot Dimensions are 40 x 139
  • Level Lot

Parking

  • 4 Car Garage

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Hot Water Heating System

Community Details

  • 2 Units
  • Heritage Hill Subdivision

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,467

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 399900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Heating: Natural Gas, Radiant, Hot Water
  • Heating: Yes
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5560.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 8467.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2022
Closed on
Feb 3, 2023
Sold by
Gap Real Estate Llc
Bought by
Drennan Lex Kate
Seller's Agent
Timothy Katerberg
RE/MAX of Grand Rapids (Stndl)
Buyer's Agent
Tyan Roelands
Riley Dean Properties LLC
List Price
$399,900
Sold Price
$362,000
Premium/Discount to List
-$37,900
-9.48%
Views
9
Current Estimated Value
$421,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,577
Avg. Annual Appreciation
6.58%
Original Mortgage
$355,443
Interest Rate
6.27%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 24, 2020
Sold by
Hall Gary and Hall Patricia
Bought by
Gap Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2020
Sold by
Gap Real Estate Llc
Bought by
Hall Gary and Hall Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2013
Sold by
Hall Gary and Hall Patricia
Bought by
Gap Real Estate Llc

Purchase Details

Closed on
Jun 18, 2013
Sold by
Gap Real Estate Llc
Bought by
Hall Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,075
Interest Rate
4.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 2005
Sold by
Hall Gary
Bought by
Gap Real Estate Llc

Purchase Details

Closed on
Jul 25, 2003
Sold by
Oliver Eric
Bought by
Hall Gary B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,000
Interest Rate
6.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 26, 1998
Sold by
Courtny Courtny C C and Courtny P
Bought by
Oliver E and Gap Real Estate Llc

Purchase Details

Closed on
Feb 28, 1986
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
Drennan Lex Kate $362,000 Sun Title Agency Of Michigan
Gap Real Estate Llc -- None Available
Hall Gary -- None Available
Gap Real Estate Llc -- None Available
Hall Gary -- None Available
Gap Real Estate Llc -- None Available
Gap Real Estate Llc -- None Available
Hall Gary B $215,000 --
Oliver E $92,300 --
-- $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drennan Lex Kate $358,055
Closed Drennan Lex Kate $355,443
Previous Owner Hall Gary $200,000
Previous Owner Hall Gary $146,075
Previous Owner Hall Gary B $172,000
Previous Owner Oliver Eric $148,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2023 01/27/23 Sold $362,000 -9.5% --
12/31/2022 12/31/22 Pending -- -- --
09/06/2022 09/06/22 For Sale $399,900 -- --
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 $8,572 $220,200 $0 $0
2024 $8,572 $210,100 $0 $0
2023 $7,036 $184,000 $0 $0
2022 $8,105 $156,300 $0 $0
2021 $8,427 $154,500 $0 $0
2020 $4,152 $141,900 $0 $0
2019 $4,251 $122,300 $0 $0
2018 $4,813 $106,100 $0 $0
2017 $4,020 $97,000 $0 $0
2016 $4,039 $83,300 $0 $0
2015 $3,849 $83,300 $0 $0
2013 -- $74,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22038328

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-454-025