NOT LISTED FOR SALE

262 Union Ave SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $524,644 - $575,000

-- Bed
1 Bath
-- Sq Ft
6,882 Sq Ft Lot

Last Sold March 28, 2013

Last sale price $155,000

Est. 255% increase in value since last sale

Current estimated payment $3,471/month

63 Days on Market

About This Home

As of March 2013

Great Heritage Hill Home For Sale! This property consists of 2 large units at separate addresses, 262 Union, and 607 Evans. Utilities are separated and currently the responsibility of the tenants. The main floor at 262 Union features a large living room, dining room, and an eat-in kitchen with half bath. Additionally, another living room adjacent to the entry can serve as the 4th bedroom. Upstairs, there are 3 bedrooms, a full bath, and a large hall closet. The basement includes a washer and dryer and ample storage. On the main floor at 607 Evans is a living room, dining room, and kitchen with bar.

Last Agent to Sell the Property

Steven Volkers

Keller Williams GR East Listed on: 12/20/2012

Co-Listed By

Michael VanderWoude

Keller Williams GR East

Last Buyer's Agent

Jordan Painter

Childress & Associates Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,144

Year Built

  • Built in 1850

Lot Details

  • 6,882

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 6,882 Sq Ft Lot

Community Details

  • Insurance Expense $1,620
  • Maintenance Expense $950

Listing and Financial Details

  • The owner pays for water, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,144

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1850
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 194900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Propane, Cable Connected

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6882.0

Rental Info

  • Owner Pays: Water, Gas

Multi Family

  • Insurance Expense: 1620.0
  • Maintenance Expense: 950.0

Tax Info

  • Tax Annual Amount: 3144.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2012
Closed on
Mar 28, 2013
Sold by
Schuitema Joseph J and Schuitema Jayne
Bought by
Warner Archie J
Seller's Agent
Steven Volkers
Keller Williams GR East
Buyer's Agent
Jordan Painter
Childress & Associates Realty
List Price
$199,900
Sold Price
$155,000
Premium/Discount to List
-$44,900
-22.46%
Current Estimated Value
$551,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,006
Avg. Annual Appreciation
10.89%
Original Mortgage
$116,250
Outstanding Balance
$26,892
Interest Rate
3.52%
Mortgage Type
Commercial
Estimated Equity
$532,174

Purchase Details

Closed on
Dec 28, 1995
Sold by
Ingersoll Ingersoll L L and Ingersoll Schuitem
Bought by
Warner Schuitem and Warner Archie J

Purchase Details

Closed on
Feb 22, 1990
Sold by
Ernst Ernst B B and Ernst Ingersoll L
Bought by
Warner Archie J

Purchase Details

Closed on
Jan 13, 1988

Purchase Details

Closed on
Dec 23, 1981
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
Warner Archie J $155,000 Chicago Title
Warner Schuitem $92,500 --
Warner Archie J $58,500 --
-- $18,000 --
-- $5,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warner Archie J $116,250
Previous Owner Schuitema Joseph J $45,194
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2013 03/28/13 Sold $155,000 -22.5% --
02/21/2013 02/21/13 Pending -- -- --
12/20/2012 12/20/12 For Sale $199,900 -- --
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 $5,625 $266,800 $0 $0
2024 $5,625 $255,000 $0 $0
2023 $5,580 $223,500 $0 $0
2022 $5,303 $189,300 $0 $0
2021 $5,167 $187,000 $0 $0
2020 $4,994 $171,800 $0 $0
2019 $5,113 $129,000 $0 $0
2018 $4,957 $120,500 $0 $0
2017 $4,836 $98,900 $0 $0
2016 $4,313 $84,900 $0 $0
2015 $4,366 $84,900 $0 $0
2013 -- $80,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Steven Volkers

    Keller Williams GR East

  • M

    Seller Co-Listing Agent in 2013

    Michael VanderWoude

    Keller Williams GR East

  • J

    Buyer's Agent in 2013

    Jordan Painter

    Childress & Associates Realty

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12064814

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-476-024

Michigan Kent County Grand Rapids 49503 East Hills

262 Union Ave SE, Grand Rapids, MI

This home is located at 262 Union Ave SE, Grand Rapids, MI 49503 since 20 December 2012 and is currently estimated at $548,911. This property was built in 1850. 262 Union 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.
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