NOT LISTED FOR SALE

312 Crescent St NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $379,000 - $464,000

-- Bed
-- Bath
-- Sq Ft
3,354 Sq Ft Lot

Last Sold September 08, 2021

Last sale price $341,500

Est. 23% increase in value since last sale

Current estimated payment $2,751/month

5 Days on Market

About This Home

As of September 2021

Heritage Hill 2-unit Investment property. This historical home has maintained its character with original hardwood floors, oak trim and solid wood doors. Up and down units have large living rooms, dining area, 2 bedrooms and bath. Bright kitchens with stove and refrigerator. Each unit has their own private large front porch. Laundry in basement, washer and dryer stay. Easy to maintain yard and driveway for one. Each unit has its own entrance, back exit, stairs to basement laundry, furnace and electric per unit. Owner pays water/sewer. Storage available in walk-up attic and basement. Great location off Medical Mile, close to downtown and expressway.
Showings can be scheduled noon-7:00 pm. 24 hour notice required. Subject to tenants rights. Offers due Wed, Aug 4 at 5:00 pm.

Last Agent to Sell the Property

Sue Howell

Sue Howell Realty License #6502412814 Listed on: 07/30/2021

Last Buyer's Agent

Megan Tefft

Five Star Real Estate (Ada) License #6506048022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,256

Year Built

  • Built in 1920

Lot Details

  • 3,354 Sq Ft Lot
  • Lot Dimensions are 50 x 67

Parking

  • 1 Parking Space

Home Design

  • Stucco

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gravity Heating System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,544
  • Utility Expense $750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,256

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Stucco
  • List Price: 279900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 1.0
  • General Property Info:Total Parking Spaces: 1.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Gravity
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Dimensions: 50 x 67
  • Lot Size Sq Ft: 3354.0
  • Zoning Description: RMHH2 Res Multi
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 1544.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3256.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2021
Closed on
Sep 8, 2021
Sold by
Lee Tebeau Robert and Lee June
Bought by
Olson Family Trust
Seller's Agent
Sue Howell
Sue Howell Realty
Buyer's Agent
Megan Tefft
Five Star Real Estate (Ada)
List Price
$279,900
Sold Price
$341,500
Premium/Discount to List
$61,600
22.01%
Current Estimated Value
$418,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,063
Avg. Annual Appreciation
5.53%
Original Mortgage
$268,000
Outstanding Balance
$245,449
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$173,114

Purchase Details

Closed on
Apr 26, 1989
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
Olson Family Trust $341,500 First American Title
-- $53,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Family Trust $268,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2021 09/08/21 Sold $341,500 +22.0% --
08/04/2021 08/04/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $279,900 -- --
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 $5,038 $155,800 $0 $0
2024 $5,038 $148,300 $0 $0
2023 $5,042 $130,700 $0 $0
2022 $4,790 $112,000 $0 $0
2021 $3,241 $110,600 $0 $0
2020 $3,133 $101,500 $0 $0
2019 $3,208 $121,800 $0 $0
2018 $3,110 $101,400 $0 $0
2017 $3,033 $92,700 $0 $0
2016 $3,048 $80,100 $0 $0
2015 $2,905 $80,100 $0 $0
2013 -- $72,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sue Howell

    Sue Howell Realty

    (616) 334-3073

    1 in this area

    25 Total Sales

    Sue Howell
    Section Image
  • Megan Tefft

    Buyer's Agent in 2021

    Megan Tefft

    Five Star Real Estate (Ada)

    (616) 446-1193

    1 in this area

    164 Total Sales

    Megan Tefft
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21097627

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-131-003

Michigan Kent County Grand Rapids 49503 Heritage Hill

312 Crescent St NE, Grand Rapids, MI

This home is located at 312 Crescent St NE, Grand Rapids, MI 49503 since 30 July 2021 and is currently estimated at $418,563. This property was built in 1920. 312 Crescent St NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, 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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