NOT LISTED FOR SALE

408 Adams St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $212,437 - $277,000

4 Beds
2 Baths
-- Sq Ft
2,657 Sq Ft Lot

Last Sold April 11, 2018

Last sale price $146,000

Est. 58% increase in value since last sale

Current estimated payment $1,442/month

3 Days on Market

About This Home

As of April 2018

Fully & recently modernized side by side Duplex, fully rented for $1675/mo. Good spacious layout with individual basement access for each unit, which features Washer/Dryer hookups. Vinyl Siding, Vinyl windows & Updated kitchens. Furnaces were new in 2016 and all electrical and plumbing have been updated. Maintenance free duplex! Owners pays Water/Sewer only.

Last Agent to Sell the Property

Paul Leason

Berkshire Hathaway HomeServices Michigan Real Estate (South) License #6501388457 Listed on: 03/15/2018

Berkshire Hathaway HomeServices Michigan Real Estate (South)

Last Buyer's Agent

Norrine Long

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,921

Year Built

  • Built in 1925

Lot Details

  • 2,657 Sq Ft Lot
  • Lot Dimensions are 60 x 44

Home Design

  • Rubber Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

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

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

$1,921

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60 X 44
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1921.0
  • Tax Info:Zoning3: Res Multi-Fam
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Extras:Sep Gas Meter: Yes
  • Roofing:Rubber: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 150000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Rubber
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Utilities

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

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2657.0
  • Zoning Description: Res Multi-Fam
  • 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: 1921.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2021
Sold by
Suleiman Mohamad and Abdallah Nadya
Bought by
Celntur Llc and 408 Ada Trust
Current Estimated Value
$231,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,383
Outstanding Balance
$162,955
Interest Rate
2.98%
Mortgage Type
FHA
Estimated Equity
$53,644

Purchase Details

Listed on
Mar 15, 2018
Closed on
Apr 11, 2018
Sold by
Suleman Mohamad
Bought by
Suleiman Mohamad and Abdallah Nadya
Seller's Agent
Paul Leason
Berkshire Hathaway HomeServices Michigan Real Estate (South)
Buyer's Agent
Norrine Long
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$150,000
Sold Price
$146,000
Premium/Discount to List
-$4,000
-2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Original Mortgage
$97,820
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 18, 2017
Closed on
Aug 14, 2017
Sold by
Richmond Hairston Darius
Bought by
Supermoon Llc
Seller's Agent
Ryan Ogle
Bluhouse Properties LLC - I
Buyer's Agent
Paul Leason
Berkshire Hathaway HomeServices Michigan Real Estate (South)
List Price
$139,900
Sold Price
$123,000
Premium/Discount to List
-$16,900
-12.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.66%
Original Mortgage
$100,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 6, 2017
Sold by
Bhugra Gurpreet Singh
Bought by
Richmomd Hairston Darius

Purchase Details

Closed on
May 13, 2015
Sold by
Bhugra Gurpreet Singh
Bought by
Richmond Hairston Darius

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
3.68%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 13, 2012
Sold by
Carter Amerson Rose
Bought by
Bhugra Gupreet Singh

Purchase Details

Closed on
Feb 19, 2008
Sold by
Mortgage Electronic Registration Systems
Bought by
Us Bank Na

Purchase Details

Closed on
Dec 26, 2007
Sold by
Carter Amerson
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Nov 30, 2004
Sold by
Redder Marshall and Redder Meredith
Bought by
Carter Amerson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,900
Interest Rate
5.82%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 20, 1997
Sold by
Hamstra Hamstra J J and Hamstra Redder M
Bought by
Bhugra Redder M and Bhugra Gurpreet Singh

Purchase Details

Closed on
Jun 16, 1997
Bought by
Hamstra Joann and Bhugra Gurpreet Singh

Purchase Details

Closed on
Sep 19, 1988

Purchase Details

Closed on
May 28, 1985
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
Celntur Llc -- None Available
Suleiman Mohamad -- None Available
Suleiman Mohamad $146,000 Sun Title Agency Of Michigan
Supermoon Llc $123,000 Bridge Title Agency Llc
Richmomd Hairston Darius $26,500 None Available
Richmond Hairston Darius $26,500 None Available
Bhugra Gupreet Singh $7,500 None Available
Us Bank Na -- None Available
Mortgage Electronic Registration Systems $60,000 None Available
Carter Amerson $79,900 Titlequest Agency
Redder Marshall -- Titlequest Agency
Bhugra Redder M $10,000 --
Hamstra Joann $16,500 --
-- $10,000 --
-- $7,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Celntur Llc $176,383
Previous Owner Suleiman Mohamad $95,000
Previous Owner Suleiman Mohamad $97,820
Previous Owner Sopermoon Llc $100,000
Previous Owner Richmond Hairston Darius $18,000
Previous Owner Carter Amerson $100,800
Previous Owner Carter Amerson $63,900
Previous Owner Carter Amerson $11,985
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2018 04/11/18 Sold $146,000 -2.7% --
03/18/2018 03/18/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $150,000 +22.0% --
08/14/2017 08/14/17 Sold $123,000 -12.1% --
07/31/2017 07/31/17 Pending -- -- --
07/18/2017 07/18/17 For Sale $139,900 -- --
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 $2,102 $83,200 $0 $0
2024 $2,102 $76,700 $0 $0
2023 $2,009 $64,900 $0 $0
2022 $1,981 $54,100 $0 $0
2021 $1,930 $48,900 $0 $0
2020 $1,866 $41,900 $0 $0
2019 $1,910 $35,800 $0 $0
2018 $1,573 $29,700 $0 $0
2017 $1,908 $25,000 $0 $0
2016 $1,933 $20,800 $0 $0
2015 $2,488 $20,800 $0 $0
2013 -- $23,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2018

    Paul Leason

    Berkshire Hathaway HomeServices Michigan Real Estate (South)

    (616) 717-1901

    1 in this area

    75 Total Sales

    Section Image

  • N

    Buyer's Agent in 2018

    Norrine Long

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 558-7756

    62 Total Sales

    Section Image

  • R

    Seller's Agent in 2017

    Ryan Ogle

    Bluhouse Properties LLC - I

    Section Image
  • William 'Duke' Gray

    Seller Co-Listing Agent in 2017

    William 'Duke' Gray

    EXP Realty (Grand Rapids)

    (616) 862-1713

    2 in this area

    87 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18009569

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-251-002

Michigan Kent County Grand Rapids 49507 Madison Area

408 Adams St SE, Grand Rapids, MI

This home is located at 408 Adams St SE, Grand Rapids, MI 49507 since 15 March 2018 and is currently estimated at $231,359. This property was built in 1925. 408 Adams St SE is a home located in Kent County with nearby schools including Campus Elementary School, 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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