NOT LISTED FOR SALE

3990 Camelot Dr SE Grand Rapids, MI 49546

East Paris Neighborhood

Estimated Value: $405,000 - $492,000

3 Beds
4 Baths
-- Sq Ft
0.41 Acres

Last Sold June 07, 2021

Last sale price $311,000

Est. 44% increase in value since last sale

Current estimated payment $2,980/month

8 Days on Market

About This Home

As of June 2021

Great investment opportunity! This well-maintained duplex on the SW corner of East Paris & Camelot is ready for new owners. Each 1,335 sq/ft unit offers 2 bedrooms, a full bath, spacious living room and kitchen on main floor. Lower levels have a 3rd bedroom, half-bath and family room with sliders to cozy patio and shared fenced-in back yard. Both units are currently leased. Tenants pay gas, electric and trash. FAQ's:
-- Unit #3990 is leased to 1/31/22 at $1,200 monthly.
-- Unit #3992 is leased to 11/30/21 at $1,000 monthly.
-- Water heaters replaced in each unit within last 24 months.
-- Duplex is managed by a leasing company. Owner is a hands-off investor with no day-to-day operational knowledge of the property.
-- Please follow all Covid-19 showing protocols. Seller has directed Listing Broker to hold offers until 5:00 pm on Wed. 5/5/21

Last Agent to Sell the Property

Robert Novosad

Novosad Realty Partners License #6502321102 Listed on: 04/30/2021

Co-Listed By

Lisa Novosad

Novosad Realty Partners License #6502380487

Last Buyer's Agent

Kevin Wensley

Novosad Realty Partners License #6506049198

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,252

Year Built

  • Built in 1971

Lot Details

  • 0.41 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,500
  • Maintenance Expense $8,500
  • Manager Expense $1,440
  • Operating Expense $13,040
  • Gross Income $26,000
  • Net Operating Income $12,960

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,252

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1971
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick
  • List Price: 290000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.41
  • Lot Size Area: 0.41
  • Lot Size Sq Ft: 17642.0
  • Zoning Description: RMSED, duplex
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 26000.0
  • Insurance Expense: 1500.0
  • Maintenance Expense: 8500.0
  • Manager Expense: 1440.0
  • Net Operating Income: 12960.0
  • Number of Units Total: 2
  • Operating Expense: 13040.0

Tax Info

  • Tax Annual Amount: 4252.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jun 7, 2021
Sold by
3990 3392 Se Llc
Bought by
Demoor Tannor Gabriel and Demoor Tannor Jeanna
Seller's Agent
Robert Novosad
Novosad Realty Partners
Buyer's Agent
Kevin Wensley
Novosad Realty Partners
List Price
$290,000
Sold Price
$311,000
Premium/Discount to List
$21,000
7.24%
Current Estimated Value
$448,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,576
Avg. Annual Appreciation
8.74%
Original Mortgage
$233,250
Outstanding Balance
$211,179
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$237,397

Purchase Details

Closed on
Mar 3, 2014
Sold by
Villalobos Thomas D
Bought by
3990-3992 Camelot Se Llc

Purchase Details

Listed on
Aug 15, 2012
Closed on
Feb 26, 2013
Sold by
Keizer Robert and Keizer Jean
Bought by
Villalobos Thomas D
Seller's Agent
Anthony Lewis
RE/MAX of G.R. Inc. (SE) - I
Buyer's Agent
Robert Novosad
Novosad Realty Partners
List Price
$154,900
Sold Price
$149,000
Premium/Discount to List
-$5,900
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.10%
Original Mortgage
$111,750
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 1999
Sold by
Moushon Moushon C C and Moushon Keizer R
Bought by
Keizer R and 3990-3992 Camelot Se Llc
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
Demoor Tannor Gabriel $311,000 Pathway Title Agency
3990-3992 Camelot Se Llc -- None Available
Villalobos Thomas D $149,000 None Available
Keizer R $157,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demoor Tannor Gabriel $233,250
Previous Owner Villalobos Thomas D $111,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/07/2021 06/07/21 Sold $311,000 +7.2% --
05/08/2021 05/08/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $290,000 +94.6% --
02/26/2013 02/26/13 Sold $149,000 -3.8% -- View Prior Sale
01/21/2013 01/21/13 Pending -- -- --
08/15/2012 08/15/12 For Sale $154,900 -- --
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 $7,310 $192,800 $0 $0
2024 $7,310 $166,000 $0 $0
2023 $7,251 $143,700 $0 $0
2022 $6,891 $132,900 $0 $0
2021 $4,233 $124,600 $0 $0
2020 $4,092 $111,500 $0 $0
2019 $4,189 $100,100 $0 $0
2018 $4,061 $92,300 $0 $0
2017 $3,962 $76,800 $0 $0
2016 $3,981 $74,200 $0 $0
2015 $3,793 $74,200 $0 $0
2013 -- $76,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Novosad

    Seller's Agent in 2021

    Robert Novosad

    Novosad Realty Partners

    (616) 437-0200

    2 in this area

    80 Total Sales

    Robert Novosad
    Section Image
  • Lisa Novosad

    Seller Co-Listing Agent in 2021

    Lisa Novosad

    Novosad Realty Partners

    (616) 437-0209

    4 in this area

    125 Total Sales

    Lisa Novosad
    Section Image

  • K

    Buyer's Agent in 2021

    Kevin Wensley

    Novosad Realty Partners

    (616) 676-7077

    1 in this area

    40 Total Sales

    Kevin Wensley
    Section Image

  • A

    Seller's Agent in 2013

    Anthony Lewis

    RE/MAX of G.R. Inc. (SE) - I

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21014718

Southwestern Michigan Association of REALTORS®

APN: 41-18-11-299-012

Michigan Kent County Grand Rapids 49546 East Paris

3990 Camelot Dr SE, Grand Rapids, MI

This home is located at 3990 Camelot Dr SE, Grand Rapids, MI 49546 since 30 April 2021 and is currently estimated at $448,576. This property was built in 1971. 3990 Camelot Dr SE is a home located in Kent County with nearby schools including Sherwood Park Global Studies Academy, 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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