NOT LISTED FOR SALE

338 Indiana Ave SW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $194,000 - $242,103

-- Bed
2 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold October 24, 2019

Last sale price $104,293

Est. 116% increase in value since last sale

Current estimated payment $1,465/month

2 Days on Market

About This Home

As of October 2019

Great investment opportunity in Downtown Grand Rapids. Large living spaced with high ceilings in both units. Lots of potential, upstairs unit could be a 3 bedroom if closet is added to one of the bedrooms. Home sold as is.

Last Agent to Sell the Property

Cynthia Castorena

Five Star Real Estate-Holland License #6501393900 Listed on: 09/16/2019

Last Buyer's Agent

Mitchell Luban

Edison Brokers & Co LLC License #6506047711

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,726

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 102

Home Design

  • Composition Roof

Interior Spaces

  • 1 Fireplace

Basement

  • Michigan Basement
  • Partial Basement

Parking

  • 3 Parking Spaces
  • Unpaved Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Individual Gas Meter
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $800
  • Utility Expense $845

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,726

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50 x 102
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1726.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Heat Type:Wall Furnace: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Driveway:Shared Unpaved: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement, Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Other
  • List Price: 114900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0
  • Unit 1:Garage4: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 50 x 102
  • Lot Size Sq Ft: 4792.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 800.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1726.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2020
Sold by
Luban Mitchell
Bought by
338 Indiana Llc
Current Estimated Value
$224,776

Purchase Details

Listed on
Sep 16, 2019
Closed on
Oct 23, 2019
Sold by
Nitzel Michael Vincent
Bought by
Luban Mitchell
Seller's Agent
Cynthia Castorena
Five Star Real Estate-Holland
Buyer's Agent
Mitchell Luban
Edison Brokers & Co LLC
List Price
$114,900
Sold Price
$104,293
Premium/Discount to List
-$10,607
-9.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.05%
Original Mortgage
$145,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 29, 2004
Sold by
Nitzel Beatrice Ellen and Nitzel Michael Vincent
Bought by
Nitzel Michael Vincent
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
338 Indiana Llc -- None Available
Luban Mitchell $104,293 None Available
Nitzel Michael Vincent -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luban Mitchell $150,000
Previous Owner Luban Mitchell $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2019 10/24/19 Sold $104,293 -9.2% --
09/18/2019 09/18/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $114,900 -- --
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 $2,876 $118,900 $0 $0
2024 $2,876 $100,400 $0 $0
2023 $2,853 $83,200 $0 $0
2022 $2,711 $66,100 $0 $0
2021 $2,556 $56,900 $0 $0
2020 $2,695 $52,700 $0 $0
2019 $1,675 $52,500 $0 $0
2018 $1,675 $39,100 $0 $0
2017 $1,634 $33,900 $0 $0
2016 $1,642 $30,600 $0 $0
2015 $1,564 $30,600 $0 $0
2013 -- $41,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Cynthia Castorena

    Seller's Agent in 2019

    Cynthia Castorena

    Five Star Real Estate-Holland

    (616) 317-8171

    53 Total Sales

    Cynthia Castorena
    Section Image

  • M

    Buyer's Agent in 2019

    Mitchell Luban

    Edison Brokers & Co LLC

    (616) 375-0775

    10 in this area

    108 Total Sales

    Mitchell Luban
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19045207

Southwestern Michigan Association of REALTORS®

APN: 41-13-26-483-010

Michigan Kent County Grand Rapids 49504 SWAN

338 Indiana Ave SW, Grand Rapids, MI

This home is located at 338 Indiana Ave SW, Grand Rapids, MI 49504 since 16 September 2019 and is currently estimated at $224,776. This property was built in 1910. 338 Indiana Ave SW is a home located in Kent County with nearby schools including Shawmut Hills School, Westwood Middle School, and Union 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.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes