NOT LISTED FOR SALE

Estimated Value: $311,000 - $378,614

3 Beds
2 Baths
-- Sq Ft
8,400 Sq Ft Lot

Last Sold March 19, 2018

Last sale price $220,000

Est. 62% increase in value since last sale

Current estimated payment $2,330/month

3 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Wood Siding
  • 4 Car Garage

About This Home

As of March 2018

Spacious two unit with beautiful views of downtown Grand Rapids. Would make a great owner occupied or investment property. Well maintained with newer mechanicals (including AC) and laundry hookups in both units. Unit #1 ($1450/mo including utilities) has two bedrooms and 1.5 baths, large kitchen with solarium room off to the side, Living room with fireplace, remodeled full bath, original woodwork. Unit #2 ($950/mo including utilities) has 1 bedroom, kitchen with eating area, living room, full bath and two entrances. Two stall garage and ample off street parking. Property is professional managed by Shift Property Management. Both tenants on month to month lease and GR City certified until June 2018.

Last Agent to Sell the Property

Lisa Quist

Keller Williams GR North (Main) Listed on: 02/27/2018

Keller Williams GR North (Main)

Last Buyer's Agent

Stephanie Hino

Novosad Realty Partners License #6501394443

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,175

Year Built

  • Built in 1905

Lot Details

  • 8,400 Sq Ft Lot
  • Lot Dimensions are 60 x 140

Parking

  • 4 Car Garage

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

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

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Building Details

  • Maintenance Expense $700
  • Utility Expense $7,000

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,175

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60 x 140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3175.0
  • Tax Info:Zoning3: 2 unit
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 199900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8400.0
  • Zoning Description: 2 unit
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Maintenance Expense: 700.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3175.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Mar 19, 2018
Sold by
Hales Properties Llc
Bought by
Lim Kyle and Lim Claire
Seller's Agent
Lisa Quist
Keller Williams GR North (Main)
Buyer's Agent
Stephanie Hino
Novosad Realty Partners
List Price
$199,900
Sold Price
$220,000
Premium/Discount to List
$20,100
10.06%
Current Estimated Value
$356,404

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,404
Avg. Annual Appreciation
6.75%
Original Mortgage
$151,000
Outstanding Balance
$129,956
Interest Rate
4.38%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$226,448

Purchase Details

Closed on
Oct 31, 2011
Sold by
Hales Justin D and Hales Jennier R
Bought by
Hales Properties Llc

Purchase Details

Closed on
May 11, 2011
Sold by
Hales Justin D
Bought by
Hales Justin D and Hales Jennifer R

Purchase Details

Closed on
Apr 11, 2008
Sold by
Zimpleman Kyle W and West Holdings Llc
Bought by
Hales Justin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,950
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2008
Sold by
Mortgage Electronic Registration Systems
Bought by
Us Bank Na and Residential Funding Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.2%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 17, 2007
Sold by
Bakun John E and Bouwens Craig S
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Nov 25, 2002
Sold by
Bakun John E
Bought by
Bakun John E and Bouwens Craig S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,100
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 1993
Sold by
Bouwens Bouwens C C and Bouwens Bakun J
Bought by
Hales Properties Llc

Purchase Details

Closed on
Jul 13, 1991
Sold by
Bakun Bakun J J and Bakun Bouwens C
Bought by
Hales Properties Llc

Purchase Details

Closed on
Nov 16, 1990
Sold by
Parauka Parauka E E and Parauka Bakun J
Bought by
Hales Properties Llc
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
Lim Kyle $220,000 None Available
Hales Properties Llc -- None Available
Hales Justin D -- None Available
Hales Justin D $121,000 Grand Rapids Title
Us Bank Na -- E Title Agency Inc
Mortgage Electronic Registration Systems $115,000 None Available
Bakun John E -- --
Hales Properties Llc -- --
Hales Properties Llc -- --
Hales Properties Llc $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lim Kyle Claire $151,000
Previous Owner Hales Justin D $114,950
Previous Owner West Holdings Llc $84,000
Previous Owner Bakun John E $157,250
Previous Owner Bakun John E $27,750
Previous Owner Bakun John E $175,750
Previous Owner Bakun John E $175,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2018 03/19/18 Sold $220,000 +10.1% --
03/02/2018 03/02/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $199,900 -- --
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 $4,659 $176,500 $0 $0
2024 $4,659 $157,700 $0 $0
2023 $4,662 $132,400 $0 $0
2022 $4,418 $121,700 $0 $0
2021 $4,213 $115,400 $0 $0
2020 $4,054 $107,000 $0 $0
2019 $4,188 $94,600 $0 $0
2018 $2,696 $81,000 $0 $0
2017 $3,175 $72,200 $0 $0
2016 $3,190 $64,500 $0 $0
2015 $3,040 $64,500 $0 $0
2013 -- $57,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18006847

Southwestern Michigan Association of REALTORS®

APN: 41-13-26-128-025