NOT LISTED FOR SALE

240 Union Ave SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $406,000 - $494,485

5 Beds
2 Baths
-- Sq Ft
6,920 Sq Ft Lot

Last Sold January 10, 2020

Last sale price $256,001

Est. 74% increase in value since last sale

Current estimated payment $3,041/month

21 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 5-minute walk to Cherry Park
  • High Speed Internet

About This Home

As of January 2020

Fantastic Heritage Hill 2 unit property perfect as a rental but also easily could be converted into a single family home. All the character and charm preserved with beautiful hardwood floors, pocket doors, cove moldings and trim throughout the whole house. Main floor apartment has large living room, french doors to formal dining with wood burning fireplace, kitchen and 2 nice sized bedrooms. Upstairs unit has 3 bedrooms, updated kitchen with oak cabinets and backsplash, big bath and a corner porch/balcony. There is also an unfinished attic that offers potential for further living area expansion. You'll love the wonderful backyard, clean basement, and low utility bills due to the newer energy efficient furnaces. Matterport 3D Virtual Tour attached!

Last Agent to Sell the Property

Joe Jovanovic

Redfin Corporation License #6501298582 Listed on: 11/13/2019

Redfin Corporation

Last Buyer's Agent

Paul Bunce

Paul Bunce Real Estate License #6502415557

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,200

Year Built

  • Built in 1890

Lot Details

  • 6,920

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding
  • Stone

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 6,920 Sq Ft Lot

Community Details

  • 2 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

$4,200

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, Stone
  • List Price: 249900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6920.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4200.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2019
Closed on
Jan 10, 2020
Sold by
Napolitan Cynthia J and Napolitan Joseph J
Bought by
Hill Joshua and Hill Emily
Seller's Agent
Joe Jovanovic
Redfin Corporation
Buyer's Agent
Paul Bunce
Paul Bunce Real Estate
List Price
$269,900
Sold Price
$256,001
Premium/Discount to List
-$13,899
-5.15%
Current Estimated Value
$446,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,370
Avg. Annual Appreciation
10.50%
Original Mortgage
$243,201
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 13, 2019
Closed on
Dec 27, 2019
Sold by
Napolitan Samara J
Bought by
Napolitan Cynthia J and Napolitan Joseph J
Seller's Agent
Joe Jovanovic
Redfin Corporation
Buyer's Agent
Paul Bunce
Paul Bunce Real Estate
List Price
$269,900
Sold Price
$256,001
Premium/Discount to List
-$13,899
-5.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,201
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 15, 2013
Closed on
Jan 17, 2014
Sold by
Wierenga Kenneth J and Wierenga Sharon K
Bought by
Napolitan Samara J and Napolitan Cynthia J
Seller's Agent
Alan Stockton
Greenridge Realty (Summit)
Buyer's Agent
Alan Stockton
Greenridge Realty (Summit)
List Price
$189,900
Sold Price
$178,900
Premium/Discount to List
-$11,000
-5.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%
Original Mortgage
$143,120
Interest Rate
4.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 1985
Sold by
Msslnk Msslnk E E and Msslnk C
Bought by
Napolitan Samara J

Purchase Details

Closed on
Feb 25, 1985
Bought by
Napolitan Samara J
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
Hill Joshua $256,001 Chicago Title Of Mi Inc
Napolitan Cynthia J -- Chicago Title Of Mi Inc
Napolitan Samara J $178,900 Midstate Title Agency Llc
Napolitan Samara J $35,000 --
Napolitan Samara J $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hill Joshua $75,000
Open Hill Joshua $255,750
Closed Hill Joshua $243,201
Previous Owner Napolitan Samara J $143,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2020 01/10/20 Sold $256,001 -5.1% --
12/04/2019 12/04/19 Pending -- -- --
11/13/2019 11/13/19 For Sale $269,900 +50.9% --
01/17/2014 01/17/14 Sold $178,900 -5.8% --
12/23/2013 12/23/13 Pending -- -- --
10/15/2013 10/15/13 For Sale $189,900 -- --
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 $7,372 $231,100 $0 $0
2024 $7,372 $220,300 $0 $0
2023 $7,052 $192,800 $0 $0
2022 $7,009 $163,900 $0 $0
2021 $6,987 $162,100 $0 $0
2020 $4,090 $148,800 $0 $0
2019 $4,225 $134,200 $0 $0
2018 $4,090 $115,000 $0 $0
2017 $3,986 $105,100 $0 $0
2016 $4,017 $90,200 $0 $0
2015 $3,791 $90,200 $0 $0
2013 -- $82,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Paul Bunce

    Buyer's Agent in 2020

    Paul Bunce

    Paul Bunce Real Estate

    (616) 644-2969

    1 in this area

    101 Total Sales

    Paul Bunce
    Section Image

  • A

    Seller's Agent in 2014

    Alan Stockton

    Greenridge Realty (Summit)

    (616) 581-4472

    16 Total Sales

    Alan Stockton
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19054858

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-476-009

Michigan Kent County Grand Rapids 49503 East Hills

240 Union Ave SE, Grand Rapids, MI

This home is located at 240 Union Ave SE, Grand Rapids, MI 49503 since 13 November 2019 and is currently estimated at $446,371. This property was built in 1890. 240 Union Ave SE is a home located in Kent County with nearby schools including Martin Luther King Leadership 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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