NOT LISTED FOR SALE

361 Richard Terrace SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $439,994 - $459,000

-- Bed
-- Bath
-- Sq Ft
4,050 Sq Ft Lot

Last Sold March 29, 2013

Last sale price $115,000

Est. 291% increase in value since last sale

Current estimated payment $2,858/month

9 Days on Market

About This Home

As of March 2013

Come see this two family home in prime Eastown real estate! Side by side units with 3 bed/1 bath in each. Third floor loft area could be converted into a 4th bedroom. Recently updated carpet, paint, kitchen counters and backsplash. Separate basements with separate utilities. Private fenced in back yard. Great location near all the perks of Eastown, would never have a problem renting this place! Come see it today, it won't last long!

Last Agent to Sell the Property

Wyatt Martin

Greenridge Realty (EGR) Listed on: 03/11/2013

Last Buyer's Agent

Thomas Rumble

Agent History

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,100

Year Built

  • Built in 1923

Lot Details

  • 4,050 Sq Ft Lot

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,100

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 129900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 4050.0

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2025
Sold by
36 Richard Terrace Llc
Bought by
White Devin E
Current Estimated Value
$449,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,750
Outstanding Balance
$422,021
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$24,380

Purchase Details

Closed on
Oct 3, 2016
Sold by
361 Richard Terrace Llc
Bought by
Richard Terrace Llc

Purchase Details

Closed on
Aug 5, 2014
Sold by
Turner John
Bought by
361 Richard Terrace Llc

Purchase Details

Listed on
Mar 11, 2013
Closed on
Mar 29, 2013
Sold by
361 Richard Terrace Se Llc
Bought by
Turner John
Seller's Agent
Wyatt Martin
Greenridge Realty (EGR)
Buyer's Agent
Thomas Rumble
Agent History
List Price
$129,900
Sold Price
$115,000
Premium/Discount to List
-$14,900
-11.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.48%

Purchase Details

Closed on
Jun 5, 2007
Sold by
Wickering Gloria M
Bought by
361 Richard Terrace Se Llc

Purchase Details

Closed on
Jul 15, 2003
Sold by
Wickering Jack and Wickering Gloria M
Bought by
Wickering Jack D
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
White Devin E $445,000 Sun Title
Richard Terrace Llc -- None Available
361 Richard Terrace Llc -- None Available
Turner John $115,000 Chicago Title
361 Richard Terrace Se Llc -- None Available
Wickering Jack D -- --
361 Richard Terrace Se Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White Devin E $422,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2013 03/29/13 Sold $115,000 -11.5% --
03/20/2013 03/20/13 Pending -- -- --
03/11/2013 03/11/13 For Sale $129,900 -- --
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 $5,530 $211,900 $0 $0
2024 $5,530 $193,500 $0 $0
2023 $5,485 $162,100 $0 $0
2022 $5,213 $148,600 $0 $0
2021 $5,080 $140,400 $0 $0
2020 $4,910 $133,800 $0 $0
2019 $5,027 $119,700 $0 $0
2018 $4,873 $109,900 $0 $0
2017 $4,754 $79,400 $0 $0
2016 $3,826 $71,300 $0 $0
2015 $3,645 $71,300 $0 $0
2013 -- $58,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wyatt Martin

    Seller's Agent in 2013

    Wyatt Martin

    Greenridge Realty (EGR)

    (616) 889-4279

    7 in this area

    229 Total Sales

    Wyatt Martin
    Section Image

  • T

    Buyer's Agent in 2013

    Thomas Rumble

    Agent History

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13012860

Southwestern Michigan Association of REALTORS®

APN: 41-14-29-457-026

Michigan Kent County Grand Rapids 49506 Eastown

361 Richard Terrace SE, Grand Rapids, MI

This home is located at 361 Richard Terrace SE, Grand Rapids, MI 49506 since 11 March 2013 and is currently estimated at $449,999. This property was built in 1923. 361 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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