NOT LISTED FOR SALE

27 Colfax St NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $335,000 - $406,000

-- Bed
-- Bath
-- Sq Ft
6,751 Sq Ft Lot

Last Sold March 20, 2018

Last sale price $213,000

Est. 69% increase in value since last sale

Current estimated payment $2,353/month

3 Days on Market

About This Home

As of March 2018

Attention please!! How would you like to live for free PLUS make money? Here's an amazing opportunity to own a cash flowing rental property in the heart of Grand Rapids close to everything! This 4 unit has recently been updated and is ready to be added to your portfolio and start making you money!
**MULTIPLE OFFERS**All offers due by midnight Saturday 2/17/18 and presented to seller Sunday at 3pm per sellers request!**

Last Listed By

Doug Mol

Five Star Real Estate (Main) Listed on: 02/15/2018

Five Star Real Estate (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,416

Year Built

  • Built in 1875

Lot Details

  • 6,751 Sq Ft Lot
  • Lot Dimensions are 38x178

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Partial Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,416

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 199900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Natural Gas, Electric, Heat Pump, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Broadband

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6751.0
  • Zoning Description: Res Improved
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2415.96
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2021
Sold by
Nielepko Max and Nielepko Maximilian
Bought by
Nielepko Maximilian
Total Days on Market
3
Current Estimated Value
$359,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,800
Outstanding Balance
$147,468
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$203,889

Purchase Details

Listed on
Feb 15, 2018
Closed on
Mar 21, 2018
Sold by
Mccauley Cottages Llc
Bought by
Nielepko Max
Seller's Agent
Doug Mol
Five Star Real Estate (Main)
Buyer's Agent
James Marshall
United Realty Services LLC
List Price
$199,900
Sold Price
$213,000
Premium/Discount to List
$13,100
6.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.26%
Original Mortgage
$159,750
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2015
Sold by
H20asis Realty Llc
Bought by
Mccauley Cottages Llc

Purchase Details

Listed on
Oct 3, 2012
Closed on
Nov 29, 2012
Sold by
Fannie Mae
Bought by
H2oasis Realty Llc
Seller's Agent
John Hilton
Success Realty West Michigan
Buyer's Agent
Ralph Brill
Listed Properties LLC
List Price
$43,000
Sold Price
$31,000
Premium/Discount to List
-$12,000
-27.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.55%

Purchase Details

Closed on
Feb 27, 2012
Sold by
Bank Of America Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Dec 21, 2011
Sold by
Marks Todd
Bought by
Bank Of America Na

Purchase Details

Closed on
Jun 24, 2005
Sold by
Wybenga Alan J and Wybenga Marian E
Bought by
Marks Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,285
Interest Rate
5.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 1, 2003
Sold by
Hart Donald N and Hart Vivian Cornelia
Bought by
Briggs C Robert and Briggs Jeanne E

Purchase Details

Closed on
May 15, 1996
Sold by
Briggs Briggs C C and Briggs Wybenga A
Bought by
Wybenga A and H2oasis Realty Llc

Purchase Details

Closed on
Feb 26, 1996
Sold by
Simon Simon R R and Simon Briggs C
Bought by
Briggs C and H2oasis Realty Llc

Purchase Details

Closed on
Aug 5, 1994
Sold by
Briggs Briggs C C and Briggs Simon R
Bought by
H2oasis Realty Llc

Purchase Details

Closed on
May 16, 1994

Purchase Details

Closed on
Dec 19, 1987

Range of Values:

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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
Nielepko Maximilian -- None Available
Nielepko Max $213,000 None Available
Mccauley Cottages Llc $35,000 None Available
H2oasis Realty Llc $31,000 Attorneys Title Agency Llc
Fannie Mae -- None Available
Bank Of America Na $94,775 None Available
Marks Todd $101,900 --
Wybenga Alan J $59,000 --
Briggs C Robert $40,000 --
Wybenga A $59,000 --
Briggs C -- --
H2oasis Realty Llc -- --
-- -- --
-- $17,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nielepko Maximilian $160,800
Closed Nielepko Max $159,750
Previous Owner Wybenga Alan J $15,285
Previous Owner Marks Todd $81,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2018 03/20/18 Sold $213,000 +6.6% --
02/18/2018 02/18/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $199,900 +544.8% --
11/30/2012 11/30/12 Sold $31,000 -27.9% --
11/27/2012 11/27/12 Pending -- -- --
10/03/2012 10/03/12 For Sale $43,000 -- --
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
2024 $4,327 $140,200 $0 $0
2023 $4,292 $120,800 $0 $0
2022 $4,079 $121,500 $0 $0
2021 $3,974 $95,300 $0 $0
2020 $3,841 $91,700 $0 $0
2019 $3,933 $73,700 $0 $0
2018 $2,477 $56,600 $0 $0
2017 $2,416 $43,600 $0 $0
2016 $2,332 $49,400 $0 $0
2015 $3,273 $49,400 $0 $0
2013 -- $54,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Doug Mol

    Seller's Agent in 2018

    Doug Mol

    Five Star Real Estate (Main)

    (616) 667-9677

    8 in this area

    131 Total Sales

    Doug Mol
    Section Image

  • J

    Buyer's Agent in 2018

    James Marshall

    United Realty Services LLC

  • J

    Seller's Agent in 2012

    John Hilton

    Success Realty West Michigan

  • R

    Buyer's Agent in 2012

    Ralph Brill

    Listed Properties LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18005489

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-301-020

Michigan Kent County Grand Rapids 49505 Creston

27 Colfax St NE, Grand Rapids, MI

Homes for Sale in Grand Rapids, MI

This home is located at 27 Colfax St NE, Grand Rapids, MI 49505 since 15 February 2018 and is currently estimated at $359,230. This property was built in 1875. 27 Colfax St NE is a home located in Kent County with nearby schools including Palmer School, Riverside Middle School, and Union 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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