NOT LISTED FOR SALE

311 Franklin St SE Grand Rapids, MI 49507

South Hill Neighborhood

Estimated Value: $233,000 - $254,787

-- Bed
-- Bath
-- Sq Ft
2,787 Sq Ft Lot

Last Sold April 17, 2015

Last sale price $54,900

Est. 339% increase in value since last sale

Current estimated payment $1,501/month

7 Days on Market

About This Home

As of April 2015

Large Duplex, 3 bedrooms up and 2 bedrooms on the main floor. This is a cash cow with gross rents $1275.00 per month with water and trash included. Gross Rent Multiplier equals 27.8%.

Last Agent to Sell the Property

Greg McKee M 37 N. Middleville

CRB Realty LLC License #6502402617 Listed on: 02/27/2015

Last Buyer's Agent

Heather Jones

Five Star Real Estate (Green) License #6502420315

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,787 Sq Ft Lot
  • Lot Dimensions are 45 x 62

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 45 x 62
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1419.7
  • Tax Info:Zoning3: R-2
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • List Price: 54900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2787.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1419.7
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2020
Sold by
Ggp Enterprises 2 Llc
Bought by
Ggp Enterprises 2 Llc
Current Estimated Value
$241,197

Purchase Details

Closed on
Jun 19, 2015
Sold by
Playter Gabe
Bought by
Ggp Enterprises 2 Llc

Purchase Details

Listed on
Feb 27, 2015
Closed on
Apr 17, 2015
Sold by
Clarke Desmond and Clarke Patricia
Bought by
Playter Gabe
Seller's Agent
Greg McKee M 37 N. Middleville
CRB Realty LLC
Buyer's Agent
Heather Jones
Five Star Real Estate (Green)
List Price
$54,900
Sold Price
$54,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.81%
Original Mortgage
$39,000
Interest Rate
3.85%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 16, 2010
Sold by
Hill Ricky
Bought by
Clarke Desmond

Purchase Details

Closed on
Mar 4, 2004
Sold by
Bunn Ronald C and Bunn Essie C
Bought by
Hill Ricky
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
Ggp Enterprises 2 Llc -- Sun Title Agency Of Mi Llc
Ggp Enterprises 2 Llc -- None Available
Playter Gabe $54,900 None Available
Clarke Desmond $16,500 None Available
Hill Ricky $25,000 Fatic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ggp Enterprises 2 Llc $117,900
Previous Owner Playter Gabe $39,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2015 04/17/15 Sold $54,900 0.0% --
03/06/2015 03/06/15 Pending -- -- --
02/27/2015 02/27/15 For Sale $54,900 -- --
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 $2,024 $121,900 $0 $0
2024 $2,024 $104,000 $0 $0
2023 $2,008 $90,700 $0 $0
2022 $1,908 $75,200 $0 $0
2021 $1,859 $67,800 $0 $0
2020 $1,797 $59,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2015

    Greg McKee M 37 N. Middleville

    CRB Realty LLC

    (616) 550-4571

    18 Total Sales

    Section Image
  • Heather Jones

    Buyer's Agent in 2015

    Heather Jones

    Five Star Real Estate (Green)

    (231) 250-3100

    261 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15007951

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-182-033

Michigan Kent County Grand Rapids 49503 South Hill

311 Franklin St SE, Grand Rapids, MI

This home is located at 311 Franklin St SE, Grand Rapids, MI 49507 since 27 February 2015 and is currently estimated at $241,197. This property was built in 1900. 311 Franklin St SE is a home located in Kent County with nearby schools including Gerald R. Ford Academic Center, 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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