NOT LISTED FOR SALE

349 Richard Terrace SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $484,000 - $576,319

-- Bed
1 Bath
-- Sq Ft
0.92 Acres

Last Sold November 14, 2014

Last sale price $139,000

Est. 282% increase in value since last sale

Current estimated payment $3,218/month

10 Days on Market

Highlights

  • 0.92 Acre Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of November 2014

Great Investment Opportunity In this beautifully intact Eastown 2 Unit. Both units feature beautiful hardwood floors, 10 foot ceilings, original woodwork, and leaded glass windows.

Last Agent to Sell the Property

Brandon Faber

JH Realty Partners License #6502378711 Listed on: 10/10/2014

Last Buyer's Agent

Siiri Foy

Keller Williams GR East License #6501351542

Keller Williams GR East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,970

Year Built

  • Built in 1905

Lot Details

  • 0.92 Acre Lot
  • Lot Dimensions are 40x112

Parking

  • 2 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,970

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1905
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:Lot Dimensions: 40x112
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2970.0
  • Tax Info:Zoning3: 401
  • 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
  • Util Avail at Street:Public Sewer: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 144900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Public Sewer

Lot Info

  • Lot Size Acres: 0.92
  • Lot Size Area: 0.92
  • Lot Size Sq Ft: 40112.0
  • Zoning Description: 401
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2970.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2014
Closed on
Nov 13, 2014
Sold by
Hara Thomas O and Hara Rachel O
Bought by
Holmes Denise L and Sawyer Stephen R
Seller's Agent
Brandon Faber
JH Realty Partners
Buyer's Agent
Siiri Foy
Keller Williams GR East
List Price
$144,900
Sold Price
$139,000
Premium/Discount to List
-$5,900
-4.07%
Current Estimated Value
$531,080

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,080
Avg. Annual Appreciation
12.88%
Original Mortgage
$104,250
Outstanding Balance
$80,838
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$436,186

Purchase Details

Closed on
Nov 4, 2010
Sold by
The Bank Of New York Mellon Trust Compan
Bought by
Ohara Thomas W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2010
Sold by
Mortgage Electronic Registration Systems
Bought by
The Bank Of New York Mellon Trust Compan and The Bank Of New York Trust Company Na

Purchase Details

Closed on
Feb 24, 2010
Sold by
Gleason Virgil R and Gleason Kelly A
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Oct 6, 2003
Sold by
Stjohn Peter D and Stjohn Wendy
Bought by
Gleason Virgil and Gleason Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,700
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 1998
Sold by
Nsn Stoffer C
Bought by
Ohara Thomas

Purchase Details

Closed on
Dec 9, 1994
Sold by
Stapel Stapel C C and Stapel Stoffer C
Bought by
Ohara Thomas

Purchase Details

Closed on
Feb 3, 1989
Sold by
Stapel Stapel S S and Stapel C
Bought by
Ohara Thomas

Purchase Details

Closed on
Aug 29, 1984
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
Holmes Denise L $139,000 None Available
Ohara Thomas W $91,250 Attorneys Title Agency Llc
The Bank Of New York Mellon Trust Compan -- None Available
Mortgage Electronic Registration Systems $161,126 None Available
Gleason Virgil $182,000 --
Ohara Thomas $75,700 --
Ohara Thomas $100 --
Ohara Thomas -- --
-- $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holmes Denise L $104,250
Previous Owner Ohara Thomas W $73,000
Previous Owner Gleason Virgil $154,700
Previous Owner Stjohn Peter $38,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2014 11/14/14 Sold $139,000 -4.1% --
10/20/2014 10/20/14 Pending -- -- --
10/10/2014 10/10/14 For Sale $144,900 -- --
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 $4,652 $264,900 $0 $0
2024 $4,652 $237,400 $0 $0
2023 $4,614 $199,500 $0 $0
2022 $4,385 $182,900 $0 $0
2021 $4,273 $173,100 $0 $0
2020 $4,130 $165,200 $0 $0
2019 $4,229 $147,300 $0 $0
2018 $4,099 $124,900 $0 $0
2017 $3,999 $79,800 $0 $0
2016 $4,018 $71,700 $0 $0
2015 $3,666 $71,700 $0 $0
2013 -- $59,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Brandon Faber

    JH Realty Partners

    (616) 644-1199

    1 in this area

    79 Total Sales

    Brandon Faber
    Section Image

  • S

    Buyer's Agent in 2014

    Siiri Foy

    Keller Williams GR East

    (509) 844-6514

    9 Total Sales

    Siiri Foy
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14057302

Southwestern Michigan Association of REALTORS®

APN: 41-14-29-457-023

Michigan Kent County Grand Rapids 49506 Eastown

349 Richard Terrace SE, Grand Rapids, MI

This home is located at 349 Richard Terrace SE, Grand Rapids, MI 49506 since 10 October 2014 and is currently estimated at $531,080. This property was built in 1905. 349 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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