NOT LISTED FOR SALE

3040 Lake Dr SE Grand Rapids, MI 49506

Estimated Value: $1,085,000 - $1,307,044

5 Beds
3.5 Baths
4,004 Sq Ft
$300/Sq Ft Est. Value

Last Sold May 01, 2015

Last sale price $430,000 $107 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $8,025/month

6 Days on Market

Highlights

  • In Ground Pool
  • 1.01 Acre Lot
  • Wooded Lot
  • East Grand Rapids High School Rated A
  • Living Room with Fireplace
  • Wood Flooring

About This Home

As of May 2015

WOW what an awesome opportunity here! Incredible investment opportunity and combination of features, priced to sell. One full acre lot next door to Calvin College in EGR schools, circular driveway, 3-stall garage, 5 bedrooms, 3.5 baths, beautiful sun room, over 4000 sq ft of finished space, ranch style home with 4 main floor bedrooms, main floor laundry, Jacuzzi tub and walk in glass shower in a hideaway with skylights. Many rooms are newly renovated and painted, some updating saved for the next owner for investment opportunity. The west bedroom wing has a high velocity whole house fan that pulls air through the whole main floor saving on a need for AC. But when AC is desired , the AC was designed the right way, the cool air is dropped from the ceiling instead of trying to blow cold air up hill, very efficient system. There is a vintage 33 rpm record player and tuner built into the gas log fireplace surrounds. The finished basement also has a woodburning fireplace & wet bar, 5th bedroom, huge crawl space for storage, and access to the huge 3 season room that is the entry way to the beautiful patio surrounding the newly renovated inground Garter pool (24 x 48). The pool area is beautifully landscaped and surrounded with Riverrock decking. Pool equipment and maintenance instructions are included with the sale. A valuable quality pool robot is negotiable, depends on quality of offer. The pool is heated by a $25,000 solar heating system. The expansive 1 acre lot is a combination of wooded privacy and large fully fenced yard, with French drains and fresh landscaping. The front lawns east and west separated from back yard by fences and gates. Open Sunday March 29 from 3-5 pm. Private showings by appointment. Better hurry on this one!

Last Agent to Sell the Property

Diane Ebbers

Greenridge Realty (Cascade) Listed on: 03/23/2015

Last Buyer's Agent

Lindsay Slagboom

Greenridge Realty (EGR)

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 1.01 Acre Lot
  • Lot Dimensions are 200 x 220
  • Fenced Yard
  • Shrub
  • Terraced Lot
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 4,004 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Window Treatments
  • Mud Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Game Room with Fireplace
  • Recreation Room with Fireplace
  • Sun or Florida Room
  • Attic Fan
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Basement

  • Walk-Out Basement
  • Crawl Space

Outdoor Features

  • In Ground Pool
  • Patio
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Parking

3

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1951
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 200 x 220
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 4004.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: Yes
  • General Property Info:Design: Ranch
  • Tax Info:Annual Property Tax: 11057.0
  • Tax Info:Zoning3: Res
  • Lot Description:Wooded: Yes
  • Roofing:Composition: Yes
  • Garage Type Attached: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Appliances Refrigerators: Yes
  • Landscape:ShrubsHedges: Yes
  • Heat Source:Natural Gas3: Yes
  • General Property Info:Total Fireplaces: 2.0
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: Yes
  • Utilities Attached:Telephone Line: Yes
  • Additional Items:Ceiling Fans: Yes
  • Additional Items:Ceramic Floor: Yes
  • Additional Items:Window Treatments: Yes
  • Substructure:Walk Out: Yes
  • Additional Items:Wood Floor: Yes
  • Landscape:Terraced Yard: Yes
  • Outbuildings:Storage Shed: Yes
  • Substructure:Crawl Space: Yes
  • Pool:OutdoorInground: Yes
  • Additional Items:Wet Bar: Yes
  • Additional Items:Attic Fan: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Oven, Range, Refrigerator
  • Interior Amenities: Attic Fan, Ceiling Fans, Ceramic Floor, Garage Door Opener, Wet Bar, Wood Floor
  • Fireplace Features: Wood Burning, Gas Log, Rec Room, Living
  • Fireplace: Yes
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Crawl Space, Walk Out
  • LivingArea: 4004.0
  • General Property Info:Stories2: 1.0
  • Kitchen Features:Eating Area: Yes
  • Appliances:Oven: Yes
  • Appliances Range: Yes
  • Kitchen Features:Mud Room Access: Yes
  • Kitchen Features Pantry: Yes
  • Fireplace:Gas Log: Yes
  • Fireplace:Living: Yes
  • Appliances Dishwasher: Yes
  • Fireplace:Wood Burning: Yes
  • Fireplace:Rec Room: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 399900.0
  • Lot Features: Wooded
  • Other Structures: Shed(s)
  • Pool Features: Outdoor/Inground
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Fenced Back: Yes
  • Exterior Material:Brick: Yes
  • Exterior Features:_three_ Season Room: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Garage: Yes
  • Parking Features: Attached
  • Garage:Garage2: Yes
  • Additional Items:Garage Door Opener: Yes
  • Garage Type:_three_: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected

Lot Info

  • Lot Size Acres: 1.01
  • Lot Size Area: 1.01
  • Lot Dimensions: 200 x 220
  • Lot Size Sq Ft: 43995.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 11057.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 16, 2019
Sold by
Jones Stuart J and Jones Wendy L
Bought by
Behm Alexander and Jones Lexi
Current Estimated Value
$1,202,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$832,200
Outstanding Balance
$731,973
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$466,244

Purchase Details

Listed on
Mar 23, 2015
Closed on
May 1, 2015
Sold by
Ostrander Roger and Ostrander Bonnie
Bought by
Jones Stuart J and Jones Wendy L
Seller's Agent
Diane Ebbers
Greenridge Realty (Cascade)
Buyer's Agent
Lindsay Slagboom
Greenridge Realty (EGR)
List Price
$399,900
Sold Price
$430,000
Premium/Discount to List
$30,100
7.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.46%
Original Mortgage
$522,788
Interest Rate
3.77%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Behm Alexander $876,000 First American Title Ins Co
Jones Stuart J $430,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Behm Alexander $206,525
Closed Behm Alexander $157,067
Open Behm Alexander $832,200
Previous Owner Jones Stuart J $50,000
Previous Owner Jones Stuart J $397,000
Previous Owner Jones Stuart J $522,788
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2015 05/01/15 Sold $430,000 +7.5% $107 / Sq Ft
03/29/2015 03/29/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $399,900 -- $100 / Sq Ft
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 $17,692 $586,400 $0 $0
2024 $17,692 $536,000 $0 $0
2023 $18,181 $464,600 $0 $0
2022 $17,125 $413,900 $0 $0
2021 $16,690 $402,600 $0 $0
2020 $15,532 $396,600 $0 $0
2019 $16,428 $358,500 $0 $0
2018 $16,167 $327,700 $0 $0
2017 $16,168 $318,200 $0 $0
2016 $15,577 $288,100 $0 $0
2015 -- $288,100 $0 $0
2013 -- $232,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15011972

Southwestern Michigan Association of REALTORS®

APN: 41-18-03-276-014