NOT LISTED FOR SALE

322 Diamond Ave NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $353,000 - $391,000

-- Bed
-- Bath
-- Sq Ft
2,053 Sq Ft Lot

Last Sold November 07, 2016

Last sale price $166,000

Est. 122% increase in value since last sale

Current estimated payment $2,437/month

12 Days on Market

About This Home

As of November 2016

Beautiful Mid-Town location for this two family home. The large lot offers plenty of off-street parking and includes a 1 car garage. The lower unit is the largest of the two and offers a living room, dining room, kitchen, bath and two bedrooms as well as a washer and dryer. The upper unit is charming and offers a living room, kitchen / dining area, 2 bedrooms and a full bath. A great opportunity to own in a super location, high rental demand, close to Medical Mile and downtown GR schools.

Last Agent to Sell the Property

Mike Rundhaug

Berkshire Hathaway HomeServices Michigan Real Estate (South) License #6506048367 Listed on: 09/06/2016

Berkshire Hathaway HomeServices Michigan Real Estate (South)

Last Buyer's Agent

Jason Van Assen

Weichert REALTORS Plat (Main) License #6502318639

Weichert REALTORS Plat (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,400

Year Built

  • Built in 1920

Lot Details

  • 2,053 Sq Ft Lot
  • Lot Dimensions are 41x125

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $924
  • Maintenance Expense $500
  • Utility Expense $560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,400

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 41X125
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2400.0
  • Tax Info:Zoning3: RES
  • 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
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • List Price: 165000.0
  • 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: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2053.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 924.0
  • Maintenance Expense: 500.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2400.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
Maslanka Richard
Bought by
Rsb Properties Of Gr Llc
Current Estimated Value
$369,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Outstanding Balance
$132,393
Interest Rate
2.71%
Mortgage Type
Commercial
Estimated Equity
$228,934

Purchase Details

Listed on
Sep 6, 2016
Closed on
Nov 7, 2016
Sold by
Pickwick Nathan
Bought by
Maslanka Richard
Seller's Agent
Mike Rundhaug
Berkshire Hathaway HomeServices Michigan Real Estate (South)
Buyer's Agent
Jason Van Assen
Weichert REALTORS Plat (Main)
List Price
$165,000
Sold Price
$166,000
Premium/Discount to List
$1,000
0.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.18%
Original Mortgage
$162,993
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Listed on
May 2, 2012
Closed on
Jun 18, 2012
Sold by
Secretary Of Housing & Urban Development
Bought by
Pickwick Nathan
Seller's Agent
Carlos Hernandez
Harborland Realty LLC
Buyer's Agent
Tammy Jo Budzynski
Keller Williams GR North (Main)
List Price
$38,000
Sold Price
$44,500
Premium/Discount to List
$6,500
17.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.06%

Purchase Details

Closed on
Jan 5, 2012
Sold by
Fifth Third Mortgage Company
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Jun 8, 2011
Sold by
Vargo Cynthia L
Bought by
Fifth Third Mortgage Company

Purchase Details

Closed on
Sep 2, 1999
Sold by
Bvrsls Bvrsls G G and Bvrsls Vargo C
Bought by
Pickwick Vargo C and Pickwick Nathan

Purchase Details

Closed on
Apr 9, 1996
Sold by
Worst Worst S S and Worst Beversluis G
Bought by
Pickwick Beversluis G and Pickwick Nathan

Purchase Details

Closed on
Oct 15, 1992
Sold by
Ashbaugh Ashbaugh S S and Ashbaugh Worst S
Bought by
Pickwick Nathan

Purchase Details

Closed on
Oct 26, 1988
Bought by
Pickwick Nathan

Purchase Details

Closed on
Jun 4, 1983
Bought by
Pickwick Nathan

Purchase Details

Closed on
Jun 3, 1983
Sold by
Friedman Friedman M M and Friedman Kik N
Bought by
Pickwick Nathan
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
Rsb Properties Of Gr Llc $258,000 First American Title Ins Co
Maslanka Richard $156,000 None Available
Pickwick Nathan -- None Available
Secretary Of Housing & Urban Development -- None Available
Fifth Third Mortgage Company $73,408 None Available
Pickwick Vargo C $84,000 --
Pickwick Beversluis G $60,000 --
Pickwick Nathan $59,000 --
Pickwick Nathan $52,500 --
Pickwick Nathan $28,000 --
Pickwick Nathan $40,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rsb Properties Of Gr Llc $148,000
Previous Owner Maslanka Richard $157,000
Previous Owner Maslanka Richard $162,993
Previous Owner Pickwick Nathan $55,000
Previous Owner Vargo Cynthia L $10,000
Previous Owner Vargo Cynthia L $21,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2016 11/07/16 Sold $166,000 +0.6% --
09/18/2016 09/18/16 Pending -- -- --
09/06/2016 09/06/16 For Sale $165,000 +270.8% --
06/21/2012 06/21/12 Sold $44,500 +17.1% --
05/15/2012 05/15/12 Pending -- -- --
05/02/2012 05/02/12 For Sale $38,000 -- --
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 $5,653 $136,200 $0 $0
2024 $5,653 $130,800 $0 $0
2023 $5,608 $122,900 $0 $0
2022 $5,330 $111,200 $0 $0
2021 $5,193 $99,500 $0 $0
2020 $3,226 $87,000 $0 $0
2019 $3,332 $78,400 $0 $0
2018 $3,225 $73,500 $0 $0
2017 $3,420 $70,200 $0 $0
2016 $2,476 $59,300 $0 $0
2015 $2,359 $59,300 $0 $0
2013 -- $44,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Rundhaug

    Seller's Agent in 2016

    Mike Rundhaug

    Berkshire Hathaway HomeServices Michigan Real Estate (South)

    (616) 293-3707

    61 Total Sales

    Mike Rundhaug
    Section Image
  • Jason Van Assen

    Buyer's Agent in 2016

    Jason Van Assen

    Weichert REALTORS Plat (Main)

    (616) 301-2550

    160 Total Sales

    Jason Van Assen
    Section Image

  • C

    Seller's Agent in 2012

    Carlos Hernandez

    Harborland Realty LLC

    Section Image

  • T

    Buyer's Agent in 2012

    Tammy Jo Budzynski

    Keller Williams GR North (Main)

    (616) 292-4400

    1 in this area

    510 Total Sales

    Tammy Jo Budzynski
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16046145

Southwestern Michigan Association of REALTORS®

APN: 41-14-29-127-004

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

322 Diamond Ave NE, Grand Rapids, MI

This home is located at 322 Diamond Ave NE, Grand Rapids, MI 49503 since 06 September 2016 and is currently estimated at $369,016. This property was built in 1920. 322 Diamond Ave NE is a home located in Kent County with nearby schools including Congress Elementary, 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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