NOT LISTED FOR SALE

262 Henry Ave SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $441,000 - $512,636

3 Beds
3 Baths
-- Sq Ft
6,316 Sq Ft Lot

Last Sold November 13, 2015

Last sale price $175,000

Est. 168% increase in value since last sale

Current estimated payment $3,075/month

8 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Cherry Park

About This Home

As of November 2015

Cherry Hill District Cash flowing 3 unit with great track record of tenancy. Clean, neat and professionally maintained and managed.

Last Agent to Sell the Property

Brian DeSmit

Apex Realty Group Listed on: 09/23/2015

Last Buyer's Agent

Gregory Gronbacher

Greenridge Realty (Summit) License #6501385421

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,819

Year Built

  • Built in 1880

Lot Details

  • 6,316 Sq Ft Lot
  • Lot Dimensions are 48 x 132

Parking

  • 3 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • Mineral Rights Excluded

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,819

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 48 x 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3819.0
  • Tax Info:Zoning3: R-2
  • 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:Natural Gas2: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Mineral Rights:No: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 172500.0
  • 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
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6316.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3819.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2015
Closed on
Nov 13, 2015
Sold by
Frugal Dutchmen Enterprises Llc
Bought by
Lewis Jeffrey
Seller's Agent
Brian DeSmit
Apex Realty Group
Buyer's Agent
Gregory Gronbacher
Greenridge Realty (Summit)
List Price
$172,500
Sold Price
$175,000
Premium/Discount to List
$2,500
1.45%
Current Estimated Value
$469,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,159
Avg. Annual Appreciation
9.94%
Original Mortgage
$171,830
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 28, 2012
Sold by
Dekam Kevin T and Dekam Christina G
Bought by
Frugal Dutchmen Enterprises Llc

Purchase Details

Closed on
Oct 1, 2004
Sold by
R & R Twin Hills Llc
Bought by
Sandusky Rick L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 1999
Bought by
R and Frugal Dutchmen Enterprises Ll

Purchase Details

Closed on
Jan 28, 1993
Sold by
Wierenga Wierenga K K and Wierenga Sandusky
Bought by
Frugal Dutchmen Enterprises Llc

Purchase Details

Closed on
Apr 3, 1991
Sold by
Smith Smith C C and Smith Wierenga K
Bought by
Frugal Dutchmen Enterprises Llc

Purchase Details

Closed on
Oct 10, 1988

Purchase Details

Closed on
Jul 12, 1985
Sold by
Tanal Tanal S S and Tanal Smith C
Bought by
Frugal Dutchmen Enterprises Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lewis Jeffrey $175,000 First American Title Ins Co
Frugal Dutchmen Enterprises Llc -- None Available
Sandusky Rick L -- --
Dekam Kevin T $162,000 --
R -- --
Frugal Dutchmen Enterprises Llc $100 --
Frugal Dutchmen Enterprises Llc -- --
-- $8,500 --
Frugal Dutchmen Enterprises Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Jeffrey $211,600
Closed Lewis Jeffrey $171,830
Previous Owner Dekam Kevin T $129,600
Closed Dekam Kevin T $16,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2015 11/13/15 Sold $175,000 +1.4% --
10/01/2015 10/01/15 Pending -- -- --
09/23/2015 09/23/15 For Sale $172,500 -- --
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 $6,233 $265,300 $0 $0
2024 $6,233 $211,900 $0 $0
2023 $6,183 $211,100 $0 $0
2022 $5,361 $215,800 $0 $0
2021 $5,008 $159,200 $0 $0
2020 $5,042 $159,000 $0 $0
2019 $5,232 $135,000 $0 $0
2018 $5,069 $115,800 $0 $0
2017 $4,943 $101,600 $0 $0
2016 $5,137 $87,900 $0 $0
2015 $3,720 $87,900 $0 $0
2013 -- $72,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brian DeSmit

    Seller's Agent in 2015

    Brian DeSmit

    Apex Realty Group

    (616) 813-3402

    247 Total Sales

    Section Image

  • G

    Buyer's Agent in 2015

    Gregory Gronbacher

    Greenridge Realty (Summit)

    (616) 425-9294

    9 Total Sales

    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15051377

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-481-016

Michigan Kent County Grand Rapids 49503 East Hills

262 Henry Ave SE, Grand Rapids, MI

This home is located at 262 Henry Ave SE, Grand Rapids, MI 49503 since 23 September 2015 and is currently estimated at $469,159. This property was built in 1880. 262 Henry Ave SE is a home located in Kent County with nearby schools including Martin Luther King Leadership 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.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes