NOT LISTED FOR SALE

240 Page St NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $275,000 - $356,398

-- Bed
-- Bath
-- Sq Ft
5,500 Sq Ft Lot

Last Sold October 12, 2020

Last sale price $245,000

Est. 29% increase in value since last sale

Current estimated payment $2,103/month

3 Days on Market

About This Home

As of October 2020

Great opportunity to purchase this three unit home in the popular Creston area! The cash flow is there whether you decide to rent out all units or live in one and rent out two. Plenty of off street parking and a valid city rental certification as well as walking distance to popular shops and restaurants. 3 bedroom 1.5 bath lower unit with basement access and laundry. The upper units have shared laundry, one is 1 bedroom with an office and one is a studio. Check out this amazing investment opportunity today! Seller requests agents and buyers to wear masks and limit touching surfaces when touring property.

Last Agent to Sell the Property

Justin Glover

RE/MAX of Grand Rapids (Stndl) License #6506047981 Listed on: 09/23/2020

RE/MAX of Grand Rapids (Stndl)

Last Buyer's Agent

Laura Carr

City2Shore Real Estate Inc. License #6502392768

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,602

Year Built

  • Built in 1870

Lot Details

  • 5,500

Parking

  • 3 Parking Spaces

Home Design

  • Aluminum Siding

Additional Features

  • Michigan Basement
  • 5,500 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,602

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1870
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 224900.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5500.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3602.07
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2020
Closed on
Oct 12, 2020
Sold by
Oherron Devin M
Bought by
Mahoney Nathan
Seller's Agent
Justin Glover
RE/MAX of Grand Rapids (Stndl)
Buyer's Agent
Laura Carr
City2Shore Real Estate Inc.
List Price
$224,900
Sold Price
$245,000
Premium/Discount to List
$20,100
8.94%
Current Estimated Value
$317,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,100
Avg. Annual Appreciation
5.38%
Original Mortgage
$171,500
Outstanding Balance
$153,305
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$163,795

Purchase Details

Closed on
Dec 20, 2018
Sold by
West Michigan Private Capital Fund I Llc
Bought by
Jdm Holdings Llc

Purchase Details

Closed on
Aug 28, 2018
Sold by
Giant Lions Llc
Bought by
Herron Devin M O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,918
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 20, 2016
Sold by
Jdm Holdings Llc
Bought by
Giant Lions Llc

Purchase Details

Closed on
Mar 13, 2015
Sold by
West Michigan Private Capital Fund I Llc
Bought by
J D M Holdings Llc

Purchase Details

Closed on
Jun 30, 2010
Sold by
Benchmark Capital Management Llc
Bought by
West Michigan Private Capital Fund I

Purchase Details

Closed on
May 14, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Aug 15, 2007
Sold by
Command Timothy J and Command Marcia Kay Brink
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jul 2, 2003
Sold by
Command Marcia Kay Brink
Bought by
Command Timothy J and Command Marcia Kay Brink

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,300
Interest Rate
5.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 1995
Sold by
Brink Brink H H and Brink Command M
Bought by
West Command M and West Mich Private Capital Fund

Purchase Details

Closed on
Jun 1, 1987
Sold by
Brink Brink H H and Brink M
Bought by
West Mich Private Capital Fund1 Llc
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
Mahoney Nathan $245,000 Chicago Title Of Mi Inc
Jdm Holdings Llc $90,000 None Available
Herron Devin M O $142,600 Chicago Title Of Michigan In
Giant Lions Llc -- None Available
J D M Holdings Llc -- Sun Title Agency Of Mi Llc
West Michigan Private Capital Fund I -- None Available
Bac Home Loans Servicing Lp -- None Available
Federal Home Loan Mortgage Corp $128,566 None Available
Command Timothy J -- Michigan Title Company
West Command M $25,000 --
West Mich Private Capital Fund1 Llc $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahoney Nathan $171,500
Closed Mahoney Nathan $171,500
Previous Owner Herron Devin M O $144,871
Previous Owner Herron Devin M O $139,918
Previous Owner Command Timothy J $121,800
Previous Owner Command Timothy J $111,300
Previous Owner Loftus James E $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2020 10/12/20 Sold $245,000 +8.9% --
09/26/2020 09/26/20 Pending -- -- --
09/23/2020 09/23/20 For Sale $224,900 -- --
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 $4,966 $151,400 $0 $0
2024 $4,966 $129,800 $0 $0
2023 $4,986 $110,700 $0 $0
2022 $4,682 $111,300 $0 $0
2021 $209 $87,400 $0 $0
2020 $3,105 $77,200 $0 $0
2019 $3,602 $67,500 $0 $0
2018 $2,871 $54,200 $0 $0
2017 $3,998 $49,100 $0 $0
2016 $3,308 $44,200 $0 $0
2015 $2,166 $44,200 $0 $0
2013 -- $46,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Justin Glover

    Seller's Agent in 2020

    Justin Glover

    RE/MAX Michigan

    (616) 337-7543

    10 in this area

    264 Total Sales

    Justin Glover
    Section Image

  • L

    Buyer's Agent in 2020

    Laura Carr

    City2Shore Real Estate Inc.

    (616) 662-9664

    5 in this area

    153 Total Sales

    Laura Carr
    Section Image

  • C

    Buyer Co-Listing Agent in 2020

    Chris Carr

    City2Shore Real Estate Inc.

    (616) 340-8811

    4 in this area

    132 Total Sales

    Chris Carr
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20039787

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-380-029

Michigan Kent County Grand Rapids 49505 Creston

240 Page St NE, Grand Rapids, MI

This home is located at 240 Page St NE, Grand Rapids, MI 49505 since 23 September 2020 and is currently estimated at $317,100. This property was built in 1870. 240 Page St NE is a home located in Kent County with nearby schools including Palmer School, Riverside 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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