NOT LISTED FOR SALE

32 Hall St SE Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $388,620

-- Bed
1 Bath
-- Sq Ft
9,234 Sq Ft Lot

Last Sold October 08, 2021

Last sale price $300,000

Est. 30% increase in value since last sale

Current estimated payment $2,424/month

19 Days on Market

About This Home

As of October 2021

4 residential units and 2 commercial units located in the City of Grand Rapids. The residential units consist of 3 - 1 bed 1 bth units and 1 - 2 bed 1 bath unit. The commercial units have had some updating and are both currently occupied. This building has great income. Total monthly rents amount to $4280. Be sure to check this one out.

Last Agent to Sell the Property

Chris Petter

Key Realty License #6502427424 Listed on: 08/03/2021

Last Buyer's Agent

Rene Guzman

1st Advantage Realty License #6501383944

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,439

Year Built

  • Built in 1926

Lot Details

  • 9,234 Sq Ft Lot

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Natural Gas Connected

Community Details

  • 6 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,439

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1926
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 300000.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 9234.0
  • Zoning Description: 201 commercial
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 3439.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Nov 8, 2021
Sold by
32 Hall Llc
Bought by
Guzman Rentals Llc
Seller's Agent
Chris Petter
Key Realty
Buyer's Agent
Rene Guzman
1st Advantage Realty
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$388,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,620
Avg. Annual Appreciation
6.26%
Original Mortgage
$100,000
Outstanding Balance
$92,076
Interest Rate
2.88%
Mortgage Type
Stand Alone Second
Estimated Equity
$287,394

Purchase Details

Listed on
Aug 3, 2021
Closed on
Oct 8, 2021
Sold by
32 Hall Llc
Bought by
Guzman Rentals Llc
Seller's Agent
Chris Petter
Key Realty
Buyer's Agent
Rene Guzman
1st Advantage Realty
List Price
$300,000
Sold Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Outstanding Balance
$92,076
Interest Rate
2.88%
Mortgage Type
Stand Alone Second
Estimated Equity
$287,394

Purchase Details

Listed on
Jan 4, 2018
Closed on
Mar 29, 2018
Sold by
Hall Street Properties Llc
Bought by
32 Hall Llc
Seller's Agent
Theresa Duncan
Clarity Realty LLC
Buyer's Agent
Chris Petter
Revive Realty
List Price
$235,000
Sold Price
$200,000
Premium/Discount to List
-$35,000
-14.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.17%
Original Mortgage
$160,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 12, 2012
Sold by
Jarco Investments Llc
Bought by
Hall Street Properties Llc

Purchase Details

Closed on
May 12, 2010
Sold by
Independent Bank
Bought by
Jarco Investments Llc

Purchase Details

Closed on
Mar 24, 2010
Sold by
Cosmopolitan Development Company Llc
Bought by
Independent Bank and Independent Bank West Michigan
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
Guzman Rentals Llc $300,000 Ata National Title Group Llc
Guzman Rentals Llc $300,000 Ata National Title Group
32 Hall Llc $200,000 Chicago Title Of Michigan
Hall Street Properties Llc $26,500 Independent Title Svcs Inc
Jarco Investments Llc -- None Available
Independent Bank $139,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Rentals Llc $100,000
Open Guzman Rentals Llc $200,000
Previous Owner 32 Hall Llc $160,000
Previous Owner Cosmopolitan Development Co Llc $200,000
Previous Owner Cosmopolitan Development Co Llc $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $300,000 0.0% --
08/22/2021 08/22/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $300,000 +50.0% --
03/30/2018 03/30/18 Sold $200,000 -14.9% --
02/02/2018 02/02/18 Pending -- -- --
01/04/2018 01/04/18 For Sale $235,000 -- --
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 $3,680 $141,700 $0 $0
2024 $3,680 $141,600 $0 $0
2023 $3,517 $130,200 $0 $0
2022 $3,469 $66,900 $0 $0
2021 $3,440 $66,500 $0 $0
2020 $3,325 $66,500 $0 $0
2019 $3,405 $63,800 $0 $0
2018 $3,073 $63,900 $0 $0
2017 $2,998 $59,900 $0 $0
2016 $3,013 $59,900 $0 $0
2015 $2,871 $59,900 $0 $0
2013 -- $54,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chris Petter

    Key Realty

    Section Image
  • Rene Guzman

    Buyer's Agent in 2021

    Rene Guzman

    1st Advantage Realty

    (616) 260-8670

    4 in this area

    147 Total Sales

    Section Image
  • Theresa Duncan

    Seller's Agent in 2018

    Theresa Duncan

    Clarity Realty LLC

    (989) 859-1458

    7 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21098325

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-102-033

Michigan Kent County Grand Rapids 49507 Southeast Community Association

32 Hall St SE, Grand Rapids, MI

This home is located at 32 Hall St SE, Grand Rapids, MI 49507 since 03 August 2021 and is currently estimated at $388,620. This property was built in 1926. 32 Hall St SE is a home located in Kent County with nearby schools including Campus Elementary School, 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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