NOT LISTED FOR SALE

345 Richard Terrace SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $426,618 - $530,000

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold May 24, 2013

Last sale price $94,900

Est. 386% increase in value since last sale

Current estimated payment $3,087/month

8 Days on Market

About This Home

As of May 2013

Nice Duplex for Sale in Coveted Eastown Neighborhood! Features 2-car detached garage, front and back porches, both units have formal dining room, 2 beds, 1 bath, living room fireplace, wood floorsing, original woodwork in good condition, seperate furnace and water heaters, and split basement with w/d hook-ups! Come see it today! All information Represented herein is approximated and individual verification is recommended. Information is not guaranteed.

Last Agent to Sell the Property

Michael Balsitis

Bellabay Realty LLC License #6502346774 Listed on: 02/14/2013

Bellabay Realty LLC

Last Buyer's Agent

Chad Sytsma

Greenridge Realty (EGR) License #6501353016

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1924

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 94900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: RES

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3026.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2020
Sold by
Lytle Jackson
Bought by
Morgan Curtis
Current Estimated Value
$461,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,175
Outstanding Balance
$222,018
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$264,730

Purchase Details

Closed on
May 10, 2017
Sold by
Spring Benjamin Aaron and Spring Nicole Marie
Bought by
Lytle Jackson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,970
Interest Rate
4.14%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 14, 2013
Closed on
May 24, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Spring Benjamin Aaron and Spring Nicole Marie
Seller's Agent
Michael Balsitis
Bellabay Realty LLC
Buyer's Agent
Chad Sytsma
Greenridge Realty (EGR)
List Price
$94,900
Sold Price
$94,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.18%
Original Mortgage
$75,920
Interest Rate
5.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2012
Sold by
Higley Florence P and Lake Michigan Credit Union
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 16, 2010
Sold by
Higley Florence P
Bought by
Higley Florence P and Florence P Higley Trust

Purchase Details

Closed on
Nov 19, 2007
Sold by
Higley Florence
Bought by
Higley Florence and Langlois Adrienne G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 8, 2007
Sold by
Calandrino Joseph G and Calandrino Edith
Bought by
141 Prospect Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 2004
Sold by
Calandrino Joseph G and Calandrino Edith
Bought by
141 Prospect Llc

Purchase Details

Closed on
Mar 20, 1985
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
Morgan Curtis $330,900 Nextdoor Title Agency Llc
Lytle Jackson $268,200 None Available
Spring Benjamin Aaron $94,900 None Available
Federal Home Loan Mortgage Corporation $71,125 None Available
Higley Florence P -- None Available
Higley Florence -- None Available
141 Prospect Llc $95,000 Fatic
Higley Florence $125,000 Fatic
141 Prospect Llc -- --
-- $10,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Curtis $248,175
Previous Owner Lytle Jackson $227,970
Previous Owner Spring Benjamin Aaron $90,000
Previous Owner Spring Nicole Marie $75,920
Previous Owner Higley Florence $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2013 05/24/13 Sold $94,900 0.0% --
02/22/2013 02/22/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $94,900 -- --
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 $7,784 $207,700 $0 $0
2024 $7,784 $189,400 $0 $0
2023 $7,721 $158,500 $0 $0
2022 $7,338 $145,100 $0 $0
2021 $7,150 $137,000 $0 $0
2020 $4,709 $133,300 $0 $0
2019 $4,865 $119,100 $0 $0
2018 $4,709 $107,300 $0 $0
2017 $2,867 $74,900 $0 $0
2016 $3,363 $67,000 $0 $0
2015 $2,635 $67,000 $0 $0
2013 -- $55,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Balsitis

    Seller's Agent in 2013

    Michael Balsitis

    Bellabay Realty LLC

    (616) 813-5522

    35 Total Sales

    Michael Balsitis
    Section Image
  • Chad Sytsma

    Buyer's Agent in 2013

    Chad Sytsma

    Greenridge Realty (EGR)

    (616) 813-2436

    9 in this area

    119 Total Sales

    Chad Sytsma
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13008399

Southwestern Michigan Association of REALTORS®

APN: 41-14-29-457-022

Michigan Kent County Grand Rapids 49506 Eastown

345 Richard Terrace SE, Grand Rapids, MI

This home is located at 345 Richard Terrace SE, Grand Rapids, MI 49506 since 14 February 2013 and is currently estimated at $461,655. This property was built in 1924. 345 Richard Terrace SE is a home located in Kent County with nearby schools including Congress Elementary, 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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