NOT LISTED FOR SALE

3237 Marshall Ave SE Grand Rapids, MI 49508

Ken-O-Sha Park Neighborhood

Estimated Value: $475,000 - $494,254

-- Bed
-- Bath
-- Sq Ft
0.3 Acres

Last Sold August 31, 2021

Last sale price $356,000

Est. 36% increase in value since last sale

Current estimated payment $3,219/month

6 Days on Market

About This Home

As of August 2021

Welcome to 3237 Marshall, a fully occupied and professionally managed, all-brick 4-plex in desirable Grand Rapids, MI. Built in the mid-century, this property features two entrances, coin-operated laundry, and a 5-stall detached garage. Three 2-bed, 1 bath apartments and one 1-bed, 1 bath apartment is the unit mix. Pro-forma rent estimates have this property producing $3,540 per month in gross cash flow! Looking to add to your portfolio in a big way? Purchase 3237 Marshall with 3220 Marshall (directly across the street) for a total of 8 units and gain economies of scale! All showing requests will require a minimum of 48 hours. One unit available for showing at 3237 Marshall, others available after an accepted offer.

Last Agent to Sell the Property

Kyle Naumann

Edison Brokers & Co LLC License #6502426806 Listed on: 06/25/2021

Last Buyer's Agent

Lance Tiffany

Greenridge Realty (Cascade) License #6506048990

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,431

Year Built

  • Built in 1964

Lot Details

  • 0.3 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Connected

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,431

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab

Exterior Features

  • Construction Materials: Brick
  • List Price: 349000.0
  • Number of Buildings: 2
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Hot Water, Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Sq Ft: 12937.0
  • Zoning Description: Res Improved
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4430.55
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2023
Sold by
Adhikari Mitra and Adhikari Paridhi
Bought by
3241 Marshall Llc
Current Estimated Value
$483,064

Purchase Details

Listed on
Jun 25, 2021
Closed on
Aug 31, 2021
Sold by
Jhunjhunwala Sachin Vinay
Bought by
Adhikari Mitra and Sapkota Paridhi
Seller's Agent
Kyle Naumann
Edison Brokers & Co LLC
Buyer's Agent
Lance Tiffany
Greenridge Realty (Cascade)
List Price
$349,000
Sold Price
$356,000
Premium/Discount to List
$7,000
2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$267,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 25, 2018
Closed on
May 4, 2018
Sold by
3237 Marshall Llc
Bought by
Jhunjhunwala Sachin Vinay
Seller's Agent
Nicholas Vanderwal
Five Star Real Estate (Grandv)
Buyer's Agent
Kyle Naumann
Kradell Real Estate Company LLC - I
List Price
$205,000
Sold Price
$205,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.03%
Original Mortgage
$153,750
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2015
Sold by
Vanderwal Nicholas M and Vanderwal Melanie R
Bought by
3237 Marshall Llc

Purchase Details

Listed on
Mar 3, 2015
Closed on
Apr 29, 2015
Sold by
Harned James A and Harned Christine L
Bought by
Vanderwal Nicholas M and Vanderwal Melanie R
Seller's Agent
Greg Zoller
Berkshire Hathaway HomeServices Michigan Real Estate (South)
Buyer's Agent
Nicholas Vanderwal
Five Star Real Estate (M6)
List Price
$149,900
Sold Price
$146,000
Premium/Discount to List
-$3,900
-2.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.06%
Original Mortgage
$109,500
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 6, 2014
Closed on
Apr 21, 2014
Sold by
Pdj Llc
Bought by
Harned James A and Harned Christine L
Seller's Agent
Steve Spriensma
Five Star Real Estate (Grandv)
Buyer's Agent
Greg Zoller
Berkshire Hathaway HomeServices Michigan Real Estate (South)
List Price
$124,900
Sold Price
$122,000
Premium/Discount to List
-$2,900
-2.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.67%
Original Mortgage
$91,500
Interest Rate
4.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2008
Sold by
Taylor Eric
Bought by
First Horizon Home Loans

Purchase Details

Closed on
Jan 30, 2006
Sold by
Taylor Eric and Johnson Rhonda
Bought by
Taylor Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
6.22%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 17, 2003
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 30, 2003
Sold by
Champion Alverna M
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Feb 23, 2003
Sold by
Federal National Mortgage Association
Bought by
Johnson Rhonda and Taylor Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,200
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 1999
Sold by
Chmpn Chmpn A A and Chmpn A
Bought by
Champion A and Pdj Llc

Purchase Details

Closed on
Aug 24, 1981
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
3241 Marshall Llc $440,000 Star Title
Adhikari Mitra $356,000 Lighthouse Title Agency
Jhunjhunwala Sachin Vinay $205,000 Star Title Agency Llc
3237 Marshall Llc -- None Available
Vanderwal Nicholas M $146,000 None Available
Harned James A $122,000 None Available
First Horizon Home Loans $134,182 None Available
Taylor Eric -- None Available
Federal National Mortgage Association -- --
Mortgage Electronic Registration Systems $111,770 --
Johnson Rhonda $156,500 --
Champion A -- --
-- $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Adhikari Mitra $267,000
Previous Owner Jhunjhunwala Sachin Vinay $153,750
Previous Owner Vanderwal Nicholas M $109,500
Previous Owner Harned James A $91,500
Previous Owner Taylor Eric $132,000
Previous Owner Johnson Rhonda $125,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2021 08/31/21 Sold $356,000 +2.0% --
07/01/2021 07/01/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $349,000 +70.2% --
05/04/2018 05/04/18 Sold $205,000 0.0% -- View Prior Sale
04/25/2018 04/25/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $205,000 +40.4% --
04/29/2015 04/29/15 Sold $146,000 -2.6% -- View Prior Sale
03/23/2015 03/23/15 Pending -- -- --
03/03/2015 03/03/15 For Sale $149,900 +22.9% --
04/29/2014 04/29/14 Sold $122,000 -2.3% -- View Prior Sale
03/21/2014 03/21/14 Pending -- -- --
02/06/2014 02/06/14 For Sale $124,900 -- --
Source: MichRIC

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 $8,287 $228,200 $0 $0
2024 $8,287 $166,100 $0 $0
2023 $7,900 $166,100 $0 $0
2022 $7,508 $144,800 $0 $0
2021 $4,411 $97,700 $0 $0
2020 $4,263 $97,700 $0 $0
2019 $3,602 $81,800 $0 $0
2018 $3,602 $76,500 $0 $0
2017 $3,513 $66,000 $0 $0
2016 $3,531 $63,000 $0 $0
2015 $3,221 $63,000 $0 $0
2013 -- $66,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kyle Naumann

    Edison Brokers & Co LLC

    (616) 581-1433

    2 in this area

    95 Total Sales

    Kyle Naumann
    Section Image
  • Lance Tiffany

    Buyer's Agent in 2021

    Lance Tiffany

    Greenridge Realty (Cascade)

    (616) 262-5488

    1 in this area

    64 Total Sales

    Lance Tiffany
    Section Image

  • N

    Seller's Agent in 2018

    Nicholas Vanderwal

    Five Star Real Estate (Grandv)

  • John Cremer

    Seller Co-Listing Agent in 2018

    John Cremer

    Five Star Real Estate (Grandv)

    (616) 437-9166

    1 in this area

    585 Total Sales

    John Cremer
    Section Image

  • G

    Seller's Agent in 2015

    Greg Zoller

    Berkshire Hathaway HomeServices Michigan Real Estate (South)

    (616) 813-6630

    44 Total Sales

    Greg Zoller
    Section Image
  • Steve Spriensma

    Seller's Agent in 2014

    Steve Spriensma

    Five Star Real Estate (Grandv)

    (616) 890-6716

    122 Total Sales

    Steve Spriensma
    Section Image
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Map

Source: MichRIC

MLS Number: 21024558

MichRIC

APN: 41-18-17-301-009

Michigan Kent County Grand Rapids 49508 Ken-O-Sha Park

3237 Marshall Ave SE, Grand Rapids, MI

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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