NOT LISTED FOR SALE

246 Lafayette Ave NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $336,580 - $499,000

-- Bed
-- Bath
-- Sq Ft
5,494 Sq Ft Lot

Last Sold May 20, 2016

Last sale price $260,000

Est. 65% increase in value since last sale

Current estimated payment $2,811/month

6 Days on Market

Highlights

  • Corner Lot: Yes
  • 1 Car Garage
  • Wood Siding
  • Forced Air Heating System

About This Home

As of May 2016

City of Grand Rapids, Heritage Hill Historical District, fabulous location - at the edge of Medical Mile, one block from Spectrum Downtown. 3 Units - 2 are 1 Bedroom on the first floor and a 2 Bedroom on the second floor. All units have a private patio or deck. Units are small but adorable. Perfect for interns, residents, nurses, etc. Rents are low. Owner pays all utilities except electric. Apartment 1 gets $50 off each month for shoveling snow, etc. This is a must see for investors. 24 hour+ notice please - no exceptions. Please show after noon.

Last Agent to Sell the Property

Kay Courtney

Kay Courtney & Associates Listed on: 04/02/2016

Last Buyer's Agent

Mike Smallegan

Keller Williams GR North (Downtown) License #6506048009

Keller Williams GR North (Downtown)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,246

Year Built

  • Built in 1910

Lot Details

  • 5,494 Sq Ft Lot
  • Lot Dimensions are 67 x 82
  • Corner Lot: Yes

Parking

  • 1 Car Garage

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,590
  • Utility Expense $2,400
  • Operating Expense $7,631
  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,246

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 67 x 82
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3246.32
  • Tax Info:Zoning3: R2
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 275000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • General Property Info:Total Parking Spaces: 1.0
  • Extras:Garages: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5494.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 30000.0
  • Insurance Expense: 1590.0
  • Number of Units Total: 3
  • Operating Expense: 7631.0

Tax Info

  • Tax Annual Amount: 3246.32
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2016
Closed on
May 20, 2016
Sold by
Roth Eric B and Roth Family Trust
Bought by
Pratti Ramnaresh
Seller's Agent
Kay Courtney
Kay Courtney & Associates
Buyer's Agent
Mike Smallegan
Keller Williams GR North (Downtown)
List Price
$275,000
Sold Price
$260,000
Premium/Discount to List
-$15,000
-5.45%
Current Estimated Value
$429,145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,145
Avg. Annual Appreciation
5.55%
Original Mortgage
$195,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2014
Sold by
Roth Eric B and Roth Sara L
Bought by
Roth Family Trust

Purchase Details

Closed on
Jul 31, 2003
Sold by
Harte Betty
Bought by
Roth Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.33%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 24, 1998
Sold by
Jr Ortiz F
Bought by
Roth Eric

Purchase Details

Closed on
Jun 16, 1998
Sold by
Ortiz Ortiz F F and Ortiz Harte B
Bought by
Roth Harte B and Roth Eric

Purchase Details

Closed on
Jun 10, 1998

Purchase Details

Closed on
Jul 10, 1995
Sold by
Ortiz Jr
Bought by
Roth Eric

Purchase Details

Closed on
Jul 9, 1995
Bought by
Roth Ortiz F and Roth Eric

Purchase Details

Closed on
Jun 21, 1995
Sold by
Ortiz Jr
Bought by
Roth Eric

Purchase Details

Closed on
Jun 8, 1995
Source: Public Records

Range of Values:

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Average Value
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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
Pratti Ramnaresh $260,000 None Available
Roth Family Trust -- None Available
Roth Eric $200,000 Mich Title Co Ne Escrows Inc
Roth Eric -- --
Roth Harte B $105,000 --
-- -- --
Roth Eric -- --
Roth Ortiz F -- --
Roth Eric -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pratti Ramnaresh $195,000
Previous Owner Roth Eric $32,339
Previous Owner Roth Eric $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2016 05/20/16 Sold $260,000 -5.5% --
04/08/2016 04/08/16 Pending -- -- --
04/02/2016 04/02/16 For Sale $275,000 -- --
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 $5,680 $146,500 $0 $0
2024 $5,680 $134,300 $0 $0
2023 $5,051 $116,100 $0 $0
2022 $4,982 $114,700 $0 $0
2021 $4,854 $102,700 $0 $0
2020 $4,692 $91,800 $0 $0
2019 $4,804 $95,100 $0 $0
2018 $4,657 $95,800 $0 $0
2017 $4,543 $79,300 $0 $0
2016 $3,407 $67,400 $0 $0
2015 $3,246 $67,400 $0 $0
2013 -- $62,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kay Courtney

    Kay Courtney & Associates

  • Mike Smallegan

    Buyer's Agent in 2016

    Mike Smallegan

    Keller Williams GR North (Downtown)

    (616) 439-1062

    7 in this area

    1,187 Total Sales

    Mike Smallegan
    Section Image

  • M

    Buyer's Agent in 2016

    Michael Smallegan

    SVG Real Estate Firm - I

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16014108

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-131-001

Michigan Kent County Grand Rapids 49503 Heritage Hill

246 Lafayette Ave NE, Grand Rapids, MI

This home is located at 246 Lafayette Ave NE, Grand Rapids, MI 49503 since 02 April 2016 and is currently estimated at $429,145. This property was built in 1910. 246 Lafayette Ave 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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