NOT LISTED FOR SALE

340 Gracewood Dr SE Grand Rapids, MI 49506

Estimated Value: $1,393,000 - $1,898,000

0.41 Acre
$3,816,495 Price per Acre
17,860 Sq Ft Lot

Last Sold August 22, 2018

Last sale price $285,000

Est. 449% increase in value since last sale

Current estimated payment $9,662/month

28 Days on Market

Highlights

  • Wooded Lot
  • East Grand Rapids High School Rated A
  • High Speed Internet

About This Lot

As of August 2018

Large site overlooking wetlands and nature preserve. Beautiful wooded lot located in popular Lakewood Hills Development. Close to Reeds Lake Trail. Surrounded by natural beauty and wildlife. One of the nicest sites in East Grand Rapids. Property has been surveyed and the split has been approved by the city of East Grand Rapids.

Last Agent to Sell the Property

John Postma

RE/MAX of Grand Rapids (FH) License #6502114085 Listed on: 06/13/2018

RE/MAX of Grand Rapids (FH)

Last Buyer's Agent

Brent Kanitz

Keller Williams GR North (Main) License #6501400693

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,676

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 174x144x158x174
  • Wooded Lot
  • Finished Lot(s)

Utilities

  • High Speed Internet
  • Phone Available
  • Cable TV Available

Property Details

Property Type

Land

Est. Annual Taxes

$16,676

Lot Details

0

Listing Details

  • Property Sub-Type: Acreage
  • Property Type: Land
  • ResoPropertyType: Land
  • General Property Info:Lot Dimensions: 174x144x158x174
  • General Property Info:Waterfront3: No
  • Tax Info:Annual Property Tax: 1.0
  • Tax Info:Zoning3: R-1
  • Lot Description:Wooded: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Water: Yes
  • General Property Info:Property Sub-Type2: Acreage
  • Util Avail at Street:Telephone: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • List Price: 295000.0
  • Lot Features: Buildable, Wooded
  • Road Surface Type: Paved
  • Waterfront: No

Lot Info

  • Lot Size Acres: 0.41
  • Lot Size Area: 0.41
  • Lot Size Sq Ft: 17859.0
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2018
Sold by
Wilson Aimee
Bought by
Wilson Aimee and Kitti Derek
Current Estimated Value
$1,564,763

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$988,950
Outstanding Balance
$878,405
Interest Rate
4.74%
Mortgage Type
Construction
Estimated Equity
$686,358

Purchase Details

Listed on
Jun 13, 2018
Closed on
Aug 22, 2018
Sold by
Artz Gregory J and Artz Kristi E
Bought by
Wilson Aimee
Seller's Agent
John Postma
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Brent Kanitz
Keller Williams GR North (Main)
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.81%
Original Mortgage
$256,500
Interest Rate
4.24%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jun 13, 2018
Closed on
Jun 25, 2018
Sold by
Artz Gregory J and Artz Kristi E
Bought by
Artz Gregory J and Artz Kristi E
Seller's Agent
John Postma
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Brent Kanitz
Keller Williams GR North (Main)
List Price
$295,000
Sold Price
$285,000
Premium/Discount to List
-$10,000
-3.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
4.24%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Feb 16, 2015
Closed on
Jun 15, 2015
Sold by
Crawford Michael J and Crawford Mary L
Bought by
Artz Gregory J and Artz Kristi E
Seller's Agent
John Postma
RE/MAX of Grand Rapids (FH)
Buyer's Agent
John Postma
RE/MAX Of Grand Rapids
List Price
$795,000
Sold Price
$695,000
Premium/Discount to List
-$100,000
-12.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-24.38%
Original Mortgage
$625,500
Interest Rate
3.82%
Mortgage Type
New Conventional
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
Wilson Aimee -- None Available
Wilson Aimee $285,000 First American Title Ins Co
Artz Gregory J -- First American Title Ins Co
Artz Gregory J -- First American Title Ins Co
Artz Gregory J $695,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Aimee $988,950
Closed Wilson Aimee $256,500
Previous Owner Artz Gregory J $625,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2018 08/22/18 Sold $285,000 -3.4% --
07/11/2018 07/11/18 Pending -- -- --
06/13/2018 06/13/18 For Sale $295,000 -57.6% --
06/16/2015 06/16/15 Sold $695,000 -12.6% $140 / Sq Ft View Prior Sale
03/26/2015 03/26/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $795,000 -- $161 / Sq Ft
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 $16,676 $594,500 $0 $0
2024 $16,676 $510,100 $0 $0
2023 $17,145 $402,600 $0 $0
2022 $16,250 $342,700 $0 $0
2021 $15,837 $329,000 $0 $0
2020 $16,034 $353,000 $0 $0
2019 $17,191 $358,100 $0 $0
2018 $21,988 $445,700 $0 $0
2017 $21,280 $434,700 $0 $0
2016 $21,280 $453,200 $0 $0
2015 -- $453,200 $0 $0
2013 -- $383,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Postma

    Seller's Agent in 2018

    John Postma

    RE/MAX Michigan

    (616) 975-5623

    31 in this area

    269 Total Sales

    John Postma
    Section Image

  • B

    Buyer's Agent in 2018

    Brent Kanitz

    Keller Williams GR North (Main)

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18027045

Southwestern Michigan Association of REALTORS®

APN: 41-14-27-454-027

Michigan Kent County Grand Rapids 49506

340 Gracewood Dr SE, Grand Rapids, MI

This home is located at 340 Gracewood Dr SE, Grand Rapids, MI 49506 since 13 June 2018 and is currently estimated at $1,564,763. 340 Gracewood Dr SE is a home located in Kent County with nearby schools including East Grand Rapids High School, William C. Abney Academy, and Grand Rapids Hebrew Academy.

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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