NOT LISTED FOR SALE

343 Eastern Ave SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $350,000 - $479,000

-- Bed
-- Bath
-- Sq Ft
7,400 Sq Ft Lot

Last Sold May 15, 2013

Last sale price $91,750

Est. 371% increase in value since last sale

Current estimated payment $2,726/month

18 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 5-minute walk to Cherry Park

About This Home

As of May 2013

Great investment opportunity and priced accordingly. This is a Fannie Mae Home Path property. Call for details. Only owner occupants and qualifying nonprofits can offer day 4 through day 15 of listing called FIRST LOOK and will be required to sign an affidavit called Owner Occupancy Certification form. No bids allowed before day 4 and ALL bidders are welcome day 16 (04/06/2013). Buyer to verify all listing information. Sold as is.

Last Agent to Sell the Property

Aaron Metaj

Sterling Realty Services Inc.-I Listed on: 03/24/2013

Last Buyer's Agent

Mitch Cripe

Coldwell Banker Schmidt Realtors

Coldwell Banker Schmidt Realtors

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,672

Year Built

  • Built in 1900

Lot Details

  • 7,400 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,672

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding, Wood Siding
  • List Price: 64400.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7400.0

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1672.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2013
Closed on
May 13, 2013
Sold by
Fannie Mae
Bought by
Gregory David P
Seller's Agent
Aaron Metaj
Sterling Realty Services Inc.-I
Buyer's Agent
Mitch Cripe
Coldwell Banker Schmidt Realtors
List Price
$64,400
Sold Price
$91,750
Premium/Discount to List
$27,350
42.47%
Current Estimated Value
$432,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,435
Avg. Annual Appreciation
13.44%
Original Mortgage
$77,975
Outstanding Balance
$55,760
Interest Rate
3.38%
Mortgage Type
Commercial
Estimated Equity
$376,597

Purchase Details

Closed on
Feb 16, 2011
Sold by
First Franklin Financial Corporation
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 1, 2010
Sold by
Young Rebecca A and Young Johnnie W
Bought by
First Franklin Financial Corporation

Purchase Details

Closed on
Oct 1, 2007
Sold by
Young Johnnie W and Young Rebecca A
Bought by
Young Johnnie W and Young Rebecca A

Purchase Details

Closed on
Sep 17, 2003
Sold by
Bland Rachel P
Bought by
Young Johnnie W and Young Rebecca A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.49%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 7, 1995
Sold by
Young Young
Bought by
Gregory David P

Purchase Details

Closed on
Aug 7, 1995
Sold by
Baskin Est and Baskin Young J
Bought by
Gregory Young J and Gregory David P

Purchase Details

Closed on
Aug 6, 1995
Sold by
Baskin Est and Baskin Young J
Bought by
Gregory Young J and Gregory David P
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
Gregory David P $91,750 Attorneys Title Agency Llc
Federal National Mortgage Association -- None Available
First Franklin Financial Corporation $146,891 None Available
Young Johnnie W -- None Available
Young Johnnie W -- Michigan Title Company
Gregory David P -- --
Gregory Young J $45,000 --
Gregory Young J $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gregory David P $50,000
Open Gregory David P $77,975
Previous Owner Young Johnie W $119,850
Previous Owner Young Johnnie W $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2013 05/15/13 Sold $91,750 +42.5% --
04/11/2013 04/11/13 Pending -- -- --
03/24/2013 03/24/13 For Sale $64,400 -- --
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 $4,455 $235,100 $0 $0
2024 $4,455 $209,900 $0 $0
2023 $4,419 $162,500 $0 $0
2022 $4,200 $147,500 $0 $0
2021 $4,093 $139,000 $0 $0
2020 $3,955 $131,500 $0 $0
2019 $4,050 $116,400 $0 $0
2018 $3,926 $106,700 $0 $0
2017 $3,170 $79,900 $0 $0
2016 $3,195 $73,200 $0 $0
2015 $3,015 $73,200 $0 $0
2013 -- $63,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Aaron Metaj

    Sterling Realty Services Inc.-I

  • Mitch Cripe

    Buyer's Agent in 2013

    Mitch Cripe

    Coldwell Banker Schmidt Realtors

    (616) 292-2637

    227 Total Sales

    Mitch Cripe
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13015445

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-482-048

Michigan Kent County Grand Rapids 49503 East Hills

343 Eastern Ave SE, Grand Rapids, MI

This home is located at 343 Eastern Ave SE, Grand Rapids, MI 49503 since 24 March 2013 and is currently estimated at $432,185. This property was built in 1900. 343 Eastern Ave SE is a home located in Kent County with nearby schools including Martin Luther King Leadership Academy, 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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