Seller's Agent in 2022
Wyatt Martin
Greenridge Realty (EGR)
(616) 889-4279
8 in this area
228 Total Sales
262 Spencer St NE Grand Rapids, MI 49505
Creston Neighborhood
--
Bed
--
Bath
--
Sq Ft
2,919
Sq Ft Lot
About This Home
As of April 2022Great investment opportunity! Don't miss your chance to add this great asset to your portfolio. Conveniently located a short distance from downtown Grand Rapids and walkable to restaurants and bars on Plainfield Ave. This building was completely renovated in 2014, including new roof, plumbing, electrical, HVAC, insulation, kitchens, baths, and deck. Main level unit features 2 Bed, 1 Bath with updated kitchen and bath, spacious living room and in-unit laundry. Upper unit had 3 bed/1 bath, living room, updated kitchen and bath, and in-unit laundry. Units generate a combined $2200/month in rental income. Split utilities with tenants paying gas and electric. The location makes it a breeze to rent. Sellers has directed that agent hold all offers until Noon on Tuesday, March 22nd.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,799
Year Built
- Built in 1910
Lot Details
- 2,919 Sq Ft Lot
- Lot Dimensions are 25x116
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1 Fireplace
- Basement
- Michigan Basement
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for gas
- The owner pays for water, sewer
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 17, 2022
Closed on
Apr 22, 2022
Sold by
262 Spencer Llc
Bought by
Matos Tatiana
Seller's Agent
Wyatt Martin
Greenridge Realty (EGR)
Buyer's Agent
Paul Marantette
Green Square Properties LLC
List Price
$209,900
Sold Price
$275,000
Premium/Discount to List
$65,100
31.01%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,905
Avg. Annual Appreciation
0.52%
Original Mortgage
$270,019
Outstanding Balance
$257,309
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$22,639
Purchase Details
Closed on
May 15, 2018
Sold by
Hotckins Max and Finos Brian
Bought by
262 Spencer Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,900
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Listed on
Jan 9, 2013
Closed on
Feb 22, 2013
Sold by
Fannie Mae
Bought by
Hotchkin Max and Finos Brian
Seller's Agent
Tom Dann
Value Point Real Estate
Buyer's Agent
Wyatt Martin
Greenridge Realty (EGR)
List Price
$19,400
Sold Price
$16,500
Premium/Discount to List
-$2,900
-14.95%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.19%
Purchase Details
Closed on
Jul 5, 2012
Sold by
Bank Of America Na
Bought by
Fannie Mae and Federal National Mortgage Association
Purchase Details
Closed on
Jun 27, 2012
Sold by
Fernandez John and Fernandez Amelia
Bought by
Bank Of America Na
Purchase Details
Closed on
Oct 17, 2003
Sold by
Garcia Joe L and Garcia Rose Marie
Bought by
Fernandez John and Fernandez Amelia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,410
Interest Rate
6.23%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 31, 1997
Sold by
Frye Frye J J and Frye P
Bought by
Garcia Garcia J and Garcia R
Purchase Details
Closed on
Aug 16, 1994
Sold by
Smith Smith B B and Smith Frye J
Bought by
Hotchkin Max Finos Brian
Purchase Details
Closed on
Sep 28, 1992
Sold by
Smith Smith B B and Smith A
Bought by
Hotchkin Max Finos Brian
Purchase Details
Closed on
Nov 25, 1986
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $275,000 | None Listed On Document | |
| Quit Claim Deed | -- | None Available | |
| Deed | $16,500 | Attorneys Title Agency Llc | |
| Quit Claim Deed | -- | None Available | |
| Sheriffs Deed | $74,942 | None Available | |
| Warranty Deed | $64,900 | Fatic | |
| Warranty Deed | $47,000 | -- | |
| Warranty Deed | $42,900 | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $32,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $270,019 | New Conventional | |
| Previous Owner | $88,900 | Commercial | |
| Previous Owner | $58,410 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/22/2022 04/22/22 | Sold | $275,000 | +31.0% | -- |
| 03/22/2022 03/22/22 | Pending | -- | -- | -- |
| 03/17/2022 03/17/22 | For Sale | $209,900 | +1172.1% | -- |
| 02/25/2013 02/25/13 | Sold | $16,500 | -14.9% | -- |
| 02/07/2013 02/07/13 | Pending | -- | -- | -- |
| 01/09/2013 01/09/13 | For Sale | $19,400 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $2,855 | $85,100 | $0 | $0 |
| 2024 | $2,855 | $63,400 | $0 | $0 |
| 2023 | $4,471 | $87,100 | $0 | $0 |
| 2022 | $2,369 | $76,500 | $0 | $0 |
| 2021 | $2,799 | $69,100 | $0 | $0 |
| 2020 | $2,705 | $62,600 | $0 | $0 |
| 2019 | $2,770 | $51,900 | $0 | $0 |
| 2018 | $1,676 | $41,100 | $0 | $0 |
| 2017 | $1,635 | $34,400 | $0 | $0 |
| 2016 | $1,643 | $17,800 | $0 | $0 |
| 2015 | $841 | $17,800 | $0 | $0 |
| 2013 | -- | $28,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Wyatt Martin
-
Paul Marantette
Buyer's Agent in 2022
Paul Marantette
Green Square Properties LLC
(313) 727-5570
6 in this area
97 Total Sales
-
Tom Dann
T
Seller's Agent in 2013
Tom Dann
Value Point Real Estate
(616) 363-6678
2 in this area
39 Total Sales
-
Ken Cleypool
K
Seller Co-Listing Agent in 2013
Ken Cleypool
Value Point Real Estate
(616) 299-2987
3 in this area
54 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 22008527
APN: 41-14-18-377-005
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