NOT LISTED FOR SALE

2860 Marshall Ave SE Grand Rapids, MI 49508

Ken-O-Sha Park Neighborhood
-- Bed
-- Bath
-- Sq Ft
3.5 Acres

Last Sold October 24, 2016

Last sale price $3,030,000

About This Home

As of October 2016

Sold before broadcast.

Last Agent to Sell the Property

Mark Troy

Compass Realty Services License #6502355827 Listed on: 09/19/2018

Compass Realty Services

Last Buyer's Agent

Kathy Dennison

Lighthouse Property Management License #6502319881

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $56,182

Lot Details

  • 3.5

Parking

  • 120 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Basement

  • Natural lighting in basement

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Cable TV Available

Community Details

  • 6 Buildings
  • 66 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$56,182

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight

Exterior Features

  • Construction Materials: Brick
  • List Price: 3030000.0
  • Number of Buildings: 6
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 120.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Hot Water
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Zoning Description: NA
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 66

Tax Info

  • Tax Annual Amount: 56181.81
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2018
Closed on
Oct 26, 2016
Sold by
Danbury Llc
Bought by
Danbury Apts Llc and Danbury Simkins Llc
Seller's Agent
Mark Troy
Compass Realty Services
Buyer's Agent
Kathy Dennison
Lighthouse Property Management
List Price
$3,030,000
Sold Price
$3,030,000

Purchase Details

Closed on
Apr 10, 2015
Sold by
Danbury Place Apartments Llc
Bought by
Danbury Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,905,000
Interest Rate
3.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 30, 2009
Sold by
Sm Danbury Llc
Bought by
Danbury Place Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,720,000
Interest Rate
5.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 25, 2000
Sold by
Palmer Patricia
Bought by
Garcia Walter and Salguero Guadalupe

Purchase Details

Closed on
Nov 16, 2000
Sold by
Oconnor Charles
Bought by
Garcia Walter and Salguero Guadalupe

Purchase Details

Closed on
Jul 7, 2000
Sold by
Dnbry Pl and Lake Pearl
Bought by
Pearl Lake Associates Lp and Danbury Place Apartments Llc

Purchase Details

Closed on
Sep 10, 1998
Sold by
Gould Inv and Danbury Pl
Bought by
Danbury Place Apartments Llc

Purchase Details

Closed on
Jan 24, 1996
Sold by
Gould Inv and Danbury Pl
Bought by
Danbury Pl and Danbury Place Apartments Llc
Source: Public Records

Range of Values:

Collateral Analytics

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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
Danbury Apts Llc -- First American Title Ins Co
Danbury Llc -- Title Connect Llc
Danbury Place Apartments Llc -- Metropolitan Title Company
Garcia Walter $32,000 --
Garcia Walter $32,167 --
Pearl Lake Associates Lp $1,710,000 --
Danbury Place Apartments Llc -- --
Danbury Pl $941,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Danbury Llc $1,905,000
Previous Owner Danbury Place Apartments Llc $1,720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2018 09/19/18 Pending -- -- --
09/19/2018 09/19/18 For Sale $3,030,000 0.0% --
10/24/2016 10/24/16 Sold $3,030,000 -- --
Source: MichRIC

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 $71,409 $3,079,200 $0 $0
2024 $71,409 $3,074,200 $0 $0
2023 $70,832 $2,675,400 $0 $0
2022 $67,321 $2,189,700 $0 $0
2021 $65,594 $1,660,900 $0 $0
2020 $64,014 $1,661,000 $0 $0
2019 $64,910 $1,466,300 $0 $0
2018 $62,924 $1,291,000 $0 $0
2017 $61,383 $1,050,200 $0 $0
2016 $56,182 $1,011,800 $0 $0
2015 $48,696 $1,011,800 $0 $0
2013 -- $937,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Troy

    Seller's Agent in 2018

    Mark Troy

    Compass Realty Services

    (616) 452-4200

    13 Total Sales

    Mark Troy
    Section Image
  • Kathy Dennison

    Buyer's Agent in 2018

    Kathy Dennison

    Lighthouse Property Management

    (616) 257-9577

    32 Total Sales

    Kathy Dennison
    Section Image
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Map

Source: MichRIC

MLS Number: 18046498

MichRIC

APN: 41-18-17-102-009

Michigan Kent County Grand Rapids 49508 Ken-O-Sha Park

2860 Marshall Ave SE, Grand Rapids, MI

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