NOT LISTED FOR SALE

39 Elm St SW Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $230,000 - $321,000

2 Beds
4 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold March 21, 2014

Last sale price $76,000

Est. 262% increase in value since last sale

Current estimated payment $1,917/month

5 Days on Market

About This Home

As of March 2014

WOW! What an amazing opportunity to own a great rental property with amazing CASH FLOW! This two unit building has been well maintained and is a great investment for the savvy real estate investor. The interior has been fully renovated over the last three years with newer windows and mechanical's including furnaces and hot water heaters. In 2013, the home was re-painted, new flooring installed throughout and all kitchens and baths were remodeled. Parking is available for two cars. The first unit has four bedrooms, two bathrooms and two kitchens. The second unit has five bedrooms and two bathrooms. Both have unfinished basements.

Last Agent to Sell the Property

Vince Villegas

Villegas Group Listed on: 02/06/2014

Villegas Group

Last Buyer's Agent

Vince Villegas

Villegas Group Listed on: 02/06/2014

Villegas Group

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,642

Year Built

  • Built in 1880

Lot Details

  • 3,485 Sq Ft Lot

Parking

  • 2 Parking Spaces

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,642

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 75000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3485.0

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1642.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2020
Sold by
Gregg Paul and Gregg Matthew
Bought by
Zepeda Edgar
Total Days on Market
5
Current Estimated Value
$274,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 6, 2014
Closed on
Mar 21, 2014
Sold by
Arias Juan Manuel
Bought by
Gregg Paul and Gregg Matthew
Seller's Agent
Vince Villegas
Villegas Group
Buyer's Agent
Vince Villegas
Villegas Group
List Price
$75,000
Sold Price
$76,000
Premium/Discount to List
$1,000
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.67%
Original Mortgage
$56,250
Interest Rate
4.41%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 6, 2014
Closed on
Mar 20, 2014
Sold by
Gonzales Maria Guadalupe and Gonzales Maria G
Bought by
Arias Juan Manuel
Seller's Agent
Vince Villegas
Villegas Group
Buyer's Agent
Vince Villegas
Villegas Group
List Price
$75,000
Sold Price
$76,000
Premium/Discount to List
$1,000
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,250
Interest Rate
4.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2012
Sold by
Arias Jose
Bought by
Arias Juan Manuel

Purchase Details

Closed on
Aug 29, 2005
Sold by
Walsh Daniel H
Bought by
Arias Jose

Purchase Details

Closed on
Jul 24, 2000
Bought by
Walsh Daniel and Arias Juan Manuel

Purchase Details

Closed on
Jul 11, 2000
Sold by
Walsh Walsh D D and Walsh Arias J
Bought by
Arias Arias J and Arias Juan Manuel

Purchase Details

Closed on
Jan 12, 1996
Bought by
Walsh Walsh D and Walsh 47

Purchase Details

Closed on
Oct 4, 1993

Purchase Details

Closed on
Jan 13, 1992
Sold by
Vndrmln Vndrmln L L and Santellan Vndrmln
Bought by
Arias Juan Manuel

Purchase Details

Closed on
Jan 10, 1992

Purchase Details

Closed on
Jan 9, 1992
Sold by
Usm Svgs Bk and Regency Usm
Bought by
Arias Juan Manuel

Purchase Details

Closed on
Jan 2, 1992
Sold by
Harrison Harrison D D and Harrison Regency
Bought by
Arias Juan Manuel

Purchase Details

Closed on
Feb 3, 1981
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
Zepeda Edgar $142,000 Next Door Title Agency Llc
Gregg Paul $76,000 Grand Rapids Title Co Llc
Arias Juan Manuel -- Grand Rapids Title Co Llc
Arias Juan Manuel -- None Available
Arias Jose $18,932 --
Walsh Daniel $1,700 --
Arias Arias J $55,000 --
Walsh Walsh D $70,000 --
-- -- --
Arias Juan Manuel -- --
-- -- --
Arias Juan Manuel -- --
Arias Juan Manuel $17,500 --
-- $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zepeda Edgar $138,000
Closed Zepeda Edgar $130,000
Previous Owner Gregg Paul $56,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2014 03/21/14 Sold $76,000 +1.3% --
02/11/2014 02/11/14 Pending -- -- --
02/06/2014 02/06/14 For Sale $75,000 -- --
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
2024 $4,557 $120,800 $0 $0
2023 $4,520 $107,600 $0 $0
2022 $4,296 $89,000 $0 $0
2021 $4,186 $80,200 $0 $0
2020 $1,886 $67,900 $0 $0
2019 $1,931 $56,800 $0 $0
2018 $1,872 $46,400 $0 $0
2017 $1,826 $38,900 $0 $0
2016 $1,900 $34,200 $0 $0
2015 $1,748 $34,200 $0 $0
2013 -- $39,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vince Villegas

    Seller's Agent in 2014

    Vince Villegas

    Villegas Group

    (616) 920-0291

    5 in this area

    151 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14005917

Southwestern Michigan Association of REALTORS®

APN: 41-17-01-476-046

Michigan Kent County Grand Rapids 49507 Garfield Park

39 Elm St SW, Grand Rapids, MI

This home is located at 39 Elm St SW, Grand Rapids, MI 49507 since 06 February 2014 and is currently estimated at $274,810. This property was built in 1880. 39 Elm St SW is a home located in Kent County with nearby schools including Buchanan Elementary School, Burton Middle School, and Union 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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