NOT LISTED FOR SALE

Estimated Value: $773,964

10 Beds
7 Baths
-- Sq Ft
0.39 Acres

Last Sold May 13, 2021

Last sale price $579,900

Est. 33% increase in value since last sale

Current estimated payment $5,999/month

23 Days on Market

Highlights

  • High Speed Internet
  • Radiant Heating System
  • 3-minute walk to Foster Park
  • Wood Siding

About This Home

As of May 2021

This Queen Anne style 6500+ sq ft mansion on a double lot once boasted the largest ballroom and living room in Grand Rapids. The Peck Mansion's current use as an owner-occupied 6-family (see attached notes) with off-street parking and abounding Heritage Hill charm has incredible potential income for a flagship portfolio addition or a large primary residence with significant income. Original layout is largely preserved. The home has significant architectural features, a rich history of notable owners and a dramatic murder trial. Basement has housed multiple apartments and holds immediate potential for shared laundry and more. One will observe evidence of loving upkeep, and potential for many improvements. Roof age is 9 years, boiler is 3. Please see attachments and more by request.

Last Agent to Sell the Property

Peter Bruinsma

Grand River Realty License #6502402583 Listed on: 02/03/2021

Last Buyer's Agent

Lewis Smalligan

Tall Tree Realty and Property Management LLC License #6504428123

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $8,008

Year Built

  • Built in 1900

Lot Details

  • 0.39 Acre Lot

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • No Cooling
  • Radiant Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $5,000
  • Maintenance Expense $8,016
  • Manager Expense $10,020
  • Operating Expense $58,617
  • Gross Income $100,200
  • Net Operating Income $41,583

Property Details

Home Type

Apartment

Est. Annual Taxes

$8,008

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 649900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Radiant
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.39
  • Lot Size Area: 0.39
  • Lot Size Sq Ft: 17076.0
  • Zoning Description: TN-LDR
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 100200.0
  • Insurance Expense: 5000.0
  • Maintenance Expense: 8016.0
  • Manager Expense: 10020.0
  • Net Operating Income: 41583.0
  • Number of Units Total: 6
  • Operating Expense: 58617.0

Tax Info

  • Tax Annual Amount: 8008.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2021
Closed on
May 12, 2021
Sold by
White John L and White Lillie P
Bought by
Smatligan Brock Living Trust
Seller's Agent
Peter Bruinsma
Grand River Realty
Buyer's Agent
Lewis Smalligan
Tall Tree Realty and Property Management LLC
List Price
$699,900
Sold Price
$579,900
Premium/Discount to List
-$120,000
-17.15%
Current Estimated Value
$773,964

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,064
Avg. Annual Appreciation
4.58%

Purchase Details

Closed on
Feb 15, 2006
Sold by
White Lillie P and White John L
Bought by
White John A and White John L

Purchase Details

Closed on
Dec 13, 2005
Sold by
White John L and White Lillie P
Bought by
White John L and White Lillie P

Purchase Details

Closed on
Nov 22, 2004
Sold by
White Linda M
Bought by
White John L and White Lillie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,250
Interest Rate
7.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2004
Sold by
White John A
Bought by
White John L and White Lillie P

Purchase Details

Closed on
Apr 24, 2004
Sold by
White Linda M
Bought by
White John A

Purchase Details

Closed on
Nov 13, 2002
Sold by
White John A
Bought by
White John A and White Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
9.24%

Purchase Details

Closed on
Oct 11, 1999
Sold by
White White J J and White L
Bought by
White White J and White John A Lillie P John L

Purchase Details

Closed on
Nov 18, 1998
Sold by
White Wht J and White Ja
Bought by
White John A Lillie P John L

Purchase Details

Closed on
Nov 5, 1997
Bought by
White White J and White John A Lillie P John L

Purchase Details

Closed on
Oct 27, 1997
Sold by
Velting Velting R R and Velting Concord
Bought by
White Concord and White John A Lillie P John L

Purchase Details

Closed on
May 10, 1996
Bought by
White Vl and White John A Lillie P John L

Purchase Details

Closed on
Jul 28, 1991
Sold by
Utter Oostndrp M and Utter Ts
Bought by
White John A Lillie P John L

Purchase Details

Closed on
Jul 27, 1991
Sold by
Oostendrp Oostendrp M M and Concord Oostendrp
Bought by
White John A Lillie P John L

Purchase Details

Closed on
Jul 26, 1991
Sold by
Oostendrp Oostendrp M M and Concord Oostendrp
Bought by
White John A Lillie P John L

Purchase Details

Closed on
Jul 24, 1991
Sold by
Heritage Utter L and Heritage Mk
Bought by
White John A Lillie P John L

Purchase Details

Closed on
Jul 19, 1991
Sold by
Oostndrp Oostndrp M M and Oostndrp Fnac
Bought by
White John A Lillie P John L

Purchase Details

Closed on
Jul 18, 1991
Sold by
Oostndrp Oostndrp M M and Oostndrp Fnac
Bought by
White John A Lillie P John L

Purchase Details

Closed on
Jul 26, 1983
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
Smatligan Brock Living Trust $579,900 None Listed On Document
White John A -- None Available
White John L -- --
White John L -- Nations Title Agency Mi
White John L -- --
White John A -- --
White John A -- Michigan Title Company
White White J -- --
White John A Lillie P John L -- --
White White J $225,000 --
White Concord -- --
White Vl $100 --
White John A Lillie P John L -- --
White John A Lillie P John L $20,500 --
White John A Lillie P John L -- --
White John A Lillie P John L -- --
White John A Lillie P John L -- --
White John A Lillie P John L -- --
-- $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner White John L $314,250
Previous Owner White John A $270,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2021 05/13/21 Sold $579,900 -17.1% --
02/26/2021 02/26/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $699,900 -- --
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 $21,765 $482,800 $0 $0
2024 $21,765 $457,400 $0 $0
2023 $21,606 $415,500 $0 $0
2022 $20,933 $403,700 $0 $0
2021 $7,943 $358,500 $0 $0
2020 $7,644 $320,100 $0 $0
2019 $7,644 $320,400 $0 $0
2018 $7,644 $301,000 $0 $0
2017 $7,450 $246,900 $0 $0
2016 $7,508 $214,800 $0 $0
2015 $7,086 $214,800 $0 $0
2013 -- $202,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21003404

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-328-008