NOT LISTED FOR SALE

256 Eastern Ave SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $295,000 - $380,000

Studio
-- Bath
-- Sq Ft
4,008 Sq Ft Lot

Last Sold April 27, 2020

Last sale price $187,500

Est. 83% increase in value since last sale

Current estimated payment $2,290/month

6 Days on Market

About This Home

As of April 2020

Great Fairmount location and perfect turnkey investor opportunity! 2 unit city certified rental property certified until August 2021. The property includes split utilities, two furnaces, two new water heaters, replacement windows, and ample storage in the basement. Both units are very spacious with 2 large bedrooms, a dining room and living room. Both have hardwood floors throughout and updated kitchens. Monthly rent total $1,860 plus utilities. Seller has requested no showings until Wednesday, 3/18 from 5:30-7:00pm.

Last Agent to Sell the Property

Adam Minor

United Realty Services LLC License #6501415364 Listed on: 03/13/2020

Last Buyer's Agent

Drew Denham

Keller Williams GR North (Main) License #6506047679

Keller Williams GR North (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,049

Year Built

  • Built in 1900

Lot Details

  • 4,008

Utilities

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

Additional Features

  • Michigan Basement
  • 4,008 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,049

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 194900.0
  • Number of Buildings: 1

Utilities

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

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 4008.0
  • Zoning Description: RMET2_RES MULTI
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3049.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2020
Closed on
Apr 27, 2020
Sold by
Grb Propertiers Llc
Bought by
Davies Andrew and Marshall Christopher
Seller's Agent
Adam Minor
United Realty Services LLC
Buyer's Agent
Drew Denham
Keller Williams GR North (Main)
List Price
$194,900
Sold Price
$187,500
Premium/Discount to List
-$7,400
-3.8%
Current Estimated Value
$342,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,935
Avg. Annual Appreciation
10.73%
Original Mortgage
$140,625
Outstanding Balance
$125,078
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$211,911

Purchase Details

Listed on
Jul 24, 2014
Closed on
Aug 27, 2014
Sold by
Lewis Andrew and Lewis Sarah
Bought by
Grb Properties Llc
Seller's Agent
Peter Bruinsma
Grand River Realty
Buyer's Agent
Jeremy Duprey
United Realty Services LLC
List Price
$115,000
Sold Price
$95,000
Premium/Discount to List
-$20,000
-17.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.74%
Original Mortgage
$71,250
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2006
Sold by
Naves Richard
Bought by
Deutsche Bank National Trust Co and Long Beach Mortgage Loan Trust 2005-1

Purchase Details

Closed on
Oct 4, 2004
Sold by
Pfaff Kirt T and Buckley John
Bought by
Naves Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,920
Interest Rate
7.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 2, 2003
Sold by
Vanfarowe Brian and Vanfarowe Rajini
Bought by
Melms Carl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,400
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 17, 2003
Sold by
Hernandez Ricardo A and Hernandez Michele M
Bought by
Pfaff Kirt T and Pfaff Marisse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,400
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 1992
Sold by
Cao Cao D D and Cao Hernandez R
Bought by
Lewis Andrew

Purchase Details

Closed on
Jan 10, 1992

Purchase Details

Closed on
Nov 14, 1989

Purchase Details

Closed on
May 2, 1986
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Davies Andrew $187,500 Bell Ttl Agcy Of Grand Rapid
Grb Properties Llc $95,000 First American Title Ins Co
Deutsche Bank National Trust Co $84,081 None Available
Naves Richard $99,900 --
Melms Carl $38,900 --
Pfaff Kirt T $84,900 --
Lewis Andrew $25,500 --
-- $20,000 --
-- $25,500 --
-- $500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davies Andrew $140,625
Previous Owner Grb Properties Llc $71,250
Previous Owner Naves Richard $79,920
Previous Owner Pfaff Kirt T $76,400
Closed Naves Richard $19,980
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2020 04/27/20 Sold $187,500 -3.8% --
03/19/2020 03/19/20 Pending -- -- --
03/13/2020 03/13/20 For Sale $194,900 +105.2% --
08/27/2014 08/27/14 Sold $95,000 -17.4% -- View Prior Sale
07/24/2014 07/24/14 Pending -- -- --
07/24/2014 07/24/14 For Sale $115,000 -- --
Source: MichRIC

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 $6,119 $164,500 $0 $0
2024 $61 $146,400 $0 $0
2023 $6,070 $125,900 $0 $0
2022 $5,769 $114,300 $0 $0
2021 $5,621 $107,700 $0 $0
2020 $2,978 $102,000 $0 $0
2019 $3,049 $90,000 $0 $0
2018 $2,956 $79,000 $0 $0
2017 $2,883 $59,000 $0 $0
2016 $2,897 $54,000 $0 $0
2015 $2,761 $54,000 $0 $0
2013 -- $44,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Adam Minor

    United Realty Services LLC

    Section Image
  • Drew Denham

    Buyer's Agent in 2020

    Drew Denham

    Keller Williams GR North (Main)

    (989) 213-7217

    3 in this area

    134 Total Sales

    Drew Denham
    Section Image
  • Peter Bruinsma

    Seller's Agent in 2014

    Peter Bruinsma

    Grand River Realty

    (616) 293-5731

    8 in this area

    190 Total Sales

    Peter Bruinsma
    Section Image

  • J

    Buyer's Agent in 2014

    Jeremy Duprey

    United Realty Services LLC

    Section Image
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Map

Source: MichRIC

MLS Number: 20009690

MichRIC

APN: 41-14-29-352-006

Michigan Kent County Grand Rapids 49503 East Hills

256 Eastern Ave SE, Grand Rapids, MI

Not Listed for Sale

MultiFamily

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