NOT LISTED FOR SALE

407 Fernando St NE Unit 409 Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $203,000 - $219,000

-- Bed
-- Bath
-- Sq Ft
4,221 Sq Ft Lot

Last Sold May 31, 2018

Last sale price $115,000

Est. 83% increase in value since last sale

Current estimated payment $1,386/month

1 Day on Market

About This Home

As of May 2018

Great investment opportunity! This fully rented multi-unit dwelling is looking for its new owner. Newer siding, newer roof, and separate utilities. It generates great cash flow. Inquire today!

Last Agent to Sell the Property

Hyuntae Yun

Five Star Real Estate (Casc) - I License #6501396921 Listed on: 04/25/2018

Last Buyer's Agent

Allison Koetsier

Compass Realty Services License #6502378425

Compass Realty Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,009

Year Built

  • Built in 1915

Lot Details

  • 4,221 Sq Ft Lot
  • Lot Dimensions are 44.50 x 94.87

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding

Basement

  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,009

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 117000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4221.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1008.85
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
Phillippa Properties Llc
Bought by
Pruitt William
Current Estimated Value
$210,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,200
Outstanding Balance
$98,286
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$112,686

Purchase Details

Listed on
Apr 25, 2018
Closed on
May 31, 2018
Sold by
Pruitt William
Bought by
Phillippa Properties Llc
Seller's Agent
Hyuntae Yun
Five Star Real Estate (Casc) - I
Buyer's Agent
Allison Koetsier
Compass Realty Services
List Price
$117,000
Sold Price
$115,000
Premium/Discount to List
-$2,000
-1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%
Original Mortgage
$86,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 19, 2017
Closed on
Jun 6, 2017
Sold by
Verplank John
Bought by
Friedrich Marthew I and Tourtlotte Christina L
Seller's Agent
Tiffany Ireland
Grand Rapids Realty
Buyer's Agent
Hyuntae Yun
Five Star Real Estate (Casc) - I
List Price
$99,900
Sold Price
$87,500
Premium/Discount to List
-$12,400
-12.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.16%

Purchase Details

Closed on
Sep 27, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Johnson Stephen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,400
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2010
Sold by
Fannie Mae
Bought by
Verplank John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,400
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 28, 2009
Sold by
Kooienga Trent R and Kooienga Mandy
Bought by
Mortgage Electronic Registration Systems
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
Pruitt William -- Next Door Title Agency Llc
Phillippa Properties Llc -- None Available
Pruitt William $115,000 None Available
Friedrich Marthew I $87,500 None Available
Johnson Stephen R $23,000 Attorneys Title Agency Llc
Verplank John $10,000 Multiple
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $75,052 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pruitt William $109,200
Closed Pruitt William $86,250
Previous Owner Johnson Stephen R $18,400
Previous Owner Kooienga Trent R $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2018 05/31/18 Sold $115,000 -1.7% --
04/26/2018 04/26/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $117,000 +33.7% --
06/06/2017 06/06/17 Sold $87,500 -12.4% --
05/16/2017 05/16/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $99,900 -- --
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 $2,489 $95,900 $0 $0
2024 $2,489 $81,400 $0 $0
2023 $2,469 $69,700 $0 $0
2022 $2,346 $61,200 $0 $0
2021 $2,486 $55,300 $0 $0
2020 $2,210 $50,100 $0 $0
2019 $2,263 $42,400 $0 $0
2018 $1,833 $34,600 $0 $0
2017 $1,009 $21,700 $0 $0
2016 $1,014 $19,700 $0 $0
2015 $966 $19,700 $0 $0
2013 -- $20,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2018

    Hyuntae Yun

    Five Star Real Estate (Casc) - I

    (616) 977-7790

    8 Total Sales

    Section Image

  • A

    Buyer's Agent in 2018

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    7 in this area

    137 Total Sales

    Allison Koetsier
    Section Image

  • T

    Seller's Agent in 2017

    Tiffany Ireland

    Grand Rapids Realty

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18011593

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-451-034

Michigan Kent County Grand Rapids 49505 Creston

407 Fernando St NE Unit 409, Grand Rapids, MI

This home is located at 407 Fernando St NE Unit 409, Grand Rapids, MI 49505 since 25 April 2018 and is currently estimated at $210,972. This property was built in 1915. 407 Fernando St NE Unit 409 is a home located in Kent County with nearby schools including Kent Hills School, Riverside 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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