NOT LISTED FOR SALE

Estimated Value: $755,231

-- Bed
3 Baths
-- Sq Ft
10,525 Sq Ft Lot

Last Sold July 31, 2014

Last sale price $315,000

Est. 140% increase in value since last sale

Current estimated payment $5,084/month

78 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 5-minute walk to Veterans Memorial Park

About This Home

As of July 2014

Grand Rapids MI Heritage Hill Historic 6 Unit Corner of Fulton and Lafayette is as close to downtown as a tenant can be while still in the Historic District. Main house has 4 units and separate house in back has 2 units. 2 Car Garage plus 10 parking spaces. Income is $46,000+ per year. This property is very popular with tenants & always rented because it is so close to all of downtown, colleges, and the Medical Mile. In terrific condition and just got a 6 year Certificate of Occupancy to March 2020! 48 Hour Notice to show Please!

Last Agent to Sell the Property

Kay Courtney

Courtney, Kay License #6502130581 Listed on: 03/21/2014

Last Buyer's Agent

Whitney Pedersen

Josh Company, LLC License #6501379449

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,392

Year Built

  • Built in 1880

Lot Details

  • 10,525 Sq Ft Lot

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer, gas

Community Details

Overview

  • 2 Buildings
  • 3 Units

Building Details

  • Gross Income $46,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,392

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 340000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Size Sq Ft: 10525.0
  • Zoning Description: Res

Rental Info

  • Owner Pays: Water, Sewer, Gas
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 46000.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 5392.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2014
Closed on
Jul 31, 2014
Sold by
Dudley Gordon E and Dudley Susan
Bought by
Kpkp Llc
Seller's Agent
Kay Courtney
Courtney, Kay
Buyer's Agent
Whitney Pedersen
Josh Company, LLC
List Price
$340,000
Sold Price
$315,000
Premium/Discount to List
-$25,000
-7.35%
Current Estimated Value
$755,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$440,231
Avg. Annual Appreciation
8.06%

Purchase Details

Closed on
Oct 31, 1994
Sold by
Fir Nat Bk and Fir Dudley G
Bought by
Dudley Gordon E

Purchase Details

Closed on
Jan 15, 1994
Sold by
Emrld Fult Rl Est and Emrld 1S
Bought by
Dudley Gordon E

Purchase Details

Closed on
Jul 15, 1993
Sold by
1St Sh and 1St Nat Bank
Bought by
Dudley Gordon E

Purchase Details

Closed on
Aug 8, 1991
Bought by
Dudley Gordon E

Purchase Details

Closed on
Mar 15, 1991
Sold by
Chrysler Young K and Chrysler Fir
Bought by
Dudley Gordon E

Purchase Details

Closed on
May 2, 1986
Bought by
Dudley Gordon E

Purchase Details

Closed on
Apr 29, 1986
Bought by
Dudley Gordon E
Source: Public Records

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
Kpkp Llc $315,000 Midstate Title Agency Llc
Dudley Gordon E -- --
Dudley Gordon E -- --
Dudley Gordon E $105,300 --
Dudley Gordon E $95,000 --
Dudley Gordon E $100 --
Dudley Gordon E $74,100 --
Dudley Gordon E $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Kpkp Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2014 07/31/14 Sold $315,000 -7.4% --
06/07/2014 06/07/14 Pending -- -- --
03/21/2014 03/21/14 For Sale $340,000 -- --
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
2025 $10,952 $400,100 $0 $0
2024 $10,952 $379,100 $0 $0
2023 $10,863 $344,300 $0 $0
2022 $10,325 $299,700 $0 $0
2021 $10,060 $297,000 $0 $0
2020 $9,723 $263,300 $0 $0
2019 $9,955 $229,500 $0 $0
2018 $9,651 $210,600 $0 $0
2017 $9,414 $189,000 $0 $0
2016 $9,126 $165,100 $0 $0
2015 $8,441 $165,100 $0 $0
2013 -- $156,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14012424

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-184-015