NOT LISTED FOR SALE

2579 5 Mile Rd NE Grand Rapids, MI 49525

Northview Neighborhood

Estimated Value: $301,656 - $400,000

-- Bed
-- Bath
-- Sq Ft
0.43 Acres

Last Sold September 11, 2013

Last sale price $140,000

Est. 161% increase in value since last sale

Current estimated payment $2,115/month

8 Days on Market

About This Home

As of September 2013

Two side-by-side duplexes available in the Northview School District. Always have been easy to keep rented. Many improvements completed by the current owners. This building has one 2-bedroom 1-bath unit and a 3 bedroom/ 2-bath unit. Rents are $780 and $900 with the tenant paying everything except water/sewer. 2579- has a 1-year lease. 2581 is on a month-to-month agreement.

Last Agent to Sell the Property

Eric Webster

Five Star Real Estate (Main) Listed on: 07/25/2013

Last Buyer's Agent

Jordan Painter

Keystone Home Group Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,657

Year Built

  • Built in 1968

Lot Details

  • 0.43 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Basement

  • Walk-Out Basement
  • Michigan Basement
  • Natural lighting in basement

Utilities

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

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

$2,657

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight, Michigan Basement, Walk Out

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • List Price: 149900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.43
  • Lot Size Area: 0.43
  • Lot Size Sq Ft: 18731.0
  • Zoning Description: 401

Rental Info

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

Tax Info

  • Tax Annual Amount: 2657.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2013
Closed on
Sep 10, 2013
Sold by
Milanowski Michael A and Milanowski Marcia L
Bought by
Coyne Janelle
Seller's Agent
Eric Webster
Five Star Real Estate (Main)
Buyer's Agent
Jordan Painter
Keystone Home Group Realty LLC
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Current Estimated Value
$365,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,414
Avg. Annual Appreciation
8.23%
Original Mortgage
$105,000
Outstanding Balance
$78,323
Interest Rate
4.39%
Mortgage Type
New Conventional
Estimated Equity
$287,091
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
Coyne Janelle $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coyne Janelle $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2013 09/11/13 Sold $140,000 -6.6% --
08/02/2013 08/02/13 Pending -- -- --
07/25/2013 07/25/13 For Sale $149,900 -- --
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 $2,373 $125,700 $0 $0
2024 $2,373 $127,800 $0 $0
2023 $2,268 $114,200 $0 $0
2022 $3,635 $89,900 $0 $0
2021 $3,533 $88,300 $0 $0
2020 $2,081 $88,300 $0 $0
2019 $3,441 $76,000 $0 $0
2018 $3,366 $82,500 $0 $0
2017 $3,263 $70,400 $0 $0
2016 $3,180 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2013

    Eric Webster

    Five Star Real Estate (Main)

  • Jordan Painter

    Buyer's Agent in 2013

    Jordan Painter

    Keystone Home Group Realty LLC

    (616) 299-8470

    3 in this area

    208 Total Sales

    Jordan Painter
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13042817

Southwestern Michigan Association of REALTORS®

APN: 41-10-27-376-041

Michigan Kent County Grand Rapids 49525 Northview

2579 5 Mile Rd NE, Grand Rapids, MI

This home is located at 2579 5 Mile Rd NE, Grand Rapids, MI 49525 since 25 July 2013 and is currently estimated at $365,414. This property was built in 1968. 2579 5 Mile Rd NE is a home located in Kent County with nearby schools including West Oakview Elementary School, East Oakview Elementary School, and North Oakview Elementary 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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