NOT LISTED FOR SALE

255 Cedar St NE Grand Rapids, MI 49503

Belknap Lookout Neighborhood

Estimated Value: $262,000 - $446,545

-- Bed
-- Bath
-- Sq Ft
4,530 Sq Ft Lot

Last Sold September 27, 2019

Last sale price $650,000

Est. 45% decrease in value since last sale

Current estimated payment $2,424/month

806 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 4-minute walk to Mary Waters Park
  • High Speed Internet

About This Home

As of September 2019

Eleven units plus a vacant lot. Both corners of Cedar and Lafayette NE.
255 Cedar-4UNIT-500mo-sep util.
301 Cedar-2UNIT-dn is stor. UP-600mo
1011 Lafayette-singlefam-650mo
1014 Lafayette-singlefam-660mo
1017 Lafayette-singlefam-660mo
1021 Lafayette-2UNIT-DN:550mo UP:vac.
257 Cedar-vacant lot
Seller requires prequal. letter. Units must be sold as a package. NO splitting, sorry. All units in very good condition.

Last Agent to Sell the Property

Anthony DeBartolo

DeBartolo Realty - I License #6502353236 Listed on: 06/26/2017

Last Buyer's Agent

Timothy Van Stensel

Keystone Home Group Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,006

Year Built

  • Built in 1900

Lot Details

  • 4,530

Parking

  • 7 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Gas Meter
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 7 Buildings
  • 11 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,006

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 749999.0
  • Lot Features: Sidewalk
  • Number of Buildings: 7
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 7.0
  • General Property Info:Total Parking Spaces: 7.0

Utilities

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

Lot Info

  • Zoning Description: multi
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Multi Family

  • Number of Units Total: 11

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2022
Sold by
Adventure Properties Llc
Bought by
Vanstensel Timothy and Vanstensel Pamela
Total Days on Market
806
Current Estimated Value
$357,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Outstanding Balance
$170,451
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$183,271

Purchase Details

Listed on
Jun 26, 2017
Closed on
Sep 27, 2019
Sold by
Punches Apartments Inc
Bought by
Adventure Properties Llc
Seller's Agent
Anthony DeBartolo
DeBartolo Realty - I
Buyer's Agent
Timothy Van Stensel
Keystone Home Group Realty LLC
List Price
$799,999
Sold Price
$650,000
Premium/Discount to List
-$149,999
-18.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.14%

Purchase Details

Closed on
Mar 1, 1996
Sold by
Punches Apt and Punches Advnture
Bought by
Advnture and Adventure Properties

Purchase Details

Closed on
Oct 18, 1982
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
Adventure Properties Llc $38,500 None Available
Advnture $39,700 --
-- $30,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2019 09/27/19 Sold $650,000 -18.7% --
09/10/2019 09/10/19 Pending -- -- --
06/26/2017 06/26/17 For Sale $799,999 -- --
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
2024 $5,006 $135,300 $0 $0
2023 $4,966 $116,500 $0 $0
2022 $4,720 $117,800 $0 $0
2021 $4,599 $91,900 $0 $0
2020 $4,445 $86,900 $0 $0
2019 $2,129 $72,700 $0 $0
2018 $2,064 $57,800 $0 $0
2017 $2,013 $57,200 $0 $0
2016 $2,023 $51,400 $0 $0
2015 $1,928 $51,400 $0 $0
2013 -- $54,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Anthony DeBartolo

    DeBartolo Realty - I

    (616) 459-3581

    4 in this area

    241 Total Sales

    Section Image

  • T

    Buyer's Agent in 2019

    Timothy Van Stensel

    Keystone Home Group Realty LLC

    (616) 520-1859

    1 in this area

    78 Total Sales

    Timothy Van Stensel
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17031059

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-127-008

Michigan Kent County Grand Rapids 49503 Belknap Lookout

255 Cedar St NE, Grand Rapids, MI

This home is located at 255 Cedar St NE, Grand Rapids, MI 49503 since 26 June 2017 and is currently estimated at $357,636. This property was built in 1900. 255 Cedar St NE is a home located in Kent County with nearby schools including East Leonard Elementary 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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