NOT LISTED FOR SALE

261 Eastern Ave SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $375,000 - $515,000

Studio
-- Bath
-- Sq Ft
8,058 Sq Ft Lot

Last Sold September 08, 2017

Last sale price $135,000

Est. 215% increase in value since last sale

Current estimated payment $2,692/month

6 Days on Market

Highlights

  • 0.19 Acre Lot
  • Forced Air Heating System
  • High Speed Internet
  • 1 Fireplace
  • 6 Car Garage
  • 3-minute walk to Cherry Park

About This Home

As of September 2017

SORRY NO MORE SHOWINGS. ALL OFFERS HAVE BEEN COLLECTED AND SUBMITTED TO VA. THANK YOU.

Last Agent to Sell the Property

Robert Ortiz

Coldwell Banker AJS (28th St) Listed on: 08/16/2017

Last Buyer's Agent

Lindsay VanDuinen-Scully

RE/MAX Of Grand Rapids License #6501325437

RE/MAX Of Grand Rapids

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,700

Year Built

  • Built in 1900

Lot Details

  • 8,058 Sq Ft Lot
  • Lot Dimensions are 61 x 132

Parking

  • 6 Car Garage

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet

Community Details

  • 2 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,700

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 34.71
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 61 x 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2700.0
  • Tax Info:Zoning3: 2 family
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding, Wood Siding
  • List Price: 86500.0
  • Number of Buildings: 1
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0
  • Extras:Garages: Yes

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Connected, Natural Gas Connected, Electricity Connected, Broadband

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 61 x 132
  • Lot Size Sq Ft: 8058.0
  • Zoning Description: 2 family
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2700.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2017
Closed on
Sep 5, 2017
Sold by
Secretary Of Veterans Affairs
Bought by
Jl Equity Group Llc
Seller's Agent
Robert Ortiz
Coldwell Banker AJS (28th St)
Buyer's Agent
Lindsay VanDuinen-Scully
RE/MAX Of Grand Rapids
List Price
$86,500
Sold Price
$135,000
Premium/Discount to List
$48,500
56.07%
Current Estimated Value
$425,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,788
Avg. Annual Appreciation
14.67%

Purchase Details

Closed on
Oct 14, 2016
Sold by
Freedom Mortgage Corporation
Bought by
Secretary Of Veterans Affairs

Purchase Details

Closed on
Oct 12, 2016
Sold by
Herrick Harvey
Bought by
Freedom Mortgage Corporation

Purchase Details

Closed on
Sep 28, 2004
Sold by
Jenkins Gloria
Bought by
Herrick Harvey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.93%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2004
Sold by
Vanfarowe Brian
Bought by
Macatawa Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.06%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 29, 2003
Sold by
Vanfarowe Brian
Bought by
Jenkins Gloria

Purchase Details

Closed on
Aug 14, 2003
Sold by
Corea Leonel
Bought by
Vanfarowe Brian

Purchase Details

Closed on
Jun 10, 2003
Sold by
Vanfarowe Brian
Bought by
Corea Leonel

Purchase Details

Closed on
May 27, 2003
Sold by
Overbeck Russell
Bought by
Vanfarowe Brian

Purchase Details

Closed on
Jul 17, 1985
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
Jl Equity Group Llc $135,000 None Available
Secretary Of Veterans Affairs -- None Available
Freedom Mortgage Corporation $115,149 Attorney
Herrick Harvey $128,000 --
Jenkins Gloria $79,000 --
Macatawa Bank -- --
Jenkins Gloria -- --
Vanfarowe Brian -- --
Corea Leonel -- --
Vanfarowe Brian $61,000 Metropolitan Title Co
-- $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herrick Harvey $128,000
Previous Owner Macatawa Bank $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2017 09/08/17 Sold $135,000 +56.1% --
08/22/2017 08/22/17 Pending -- -- --
08/16/2017 08/16/17 For Sale $86,500 -- --
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 $5,748 $212,700 $0 $0
2024 $57 $188,000 $0 $0
2023 $5,701 $154,700 $0 $0
2022 $5,419 $140,100 $0 $0
2021 $5,280 $131,800 $0 $0
2020 $5,103 $124,500 $0 $0
2019 $5,225 $110,000 $0 $0
2018 $4,736 $89,400 $0 $0
2017 $3,230 $75,700 $0 $0
2016 $2,694 $68,800 $0 $0
2015 $2,542 $68,800 $0 $0
2013 -- $58,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Robert Ortiz

    Coldwell Banker AJS (28th St)

See All Agents

Map

Source: MichRIC

MLS Number: 17041428

MichRIC

APN: 41-14-30-482-038

Michigan Kent County Grand Rapids 49503 East Hills

261 Eastern Ave SE, Grand Rapids, MI

Not Listed for Sale

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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