NOT LISTED FOR SALE

41 Colfax St NE Unit 43 Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $252,000 - $294,659

-- Bed
-- Bath
-- Sq Ft
8,900 Sq Ft Lot

Last Sold September 20, 2019

Last sale price $196,000

Est. 41% increase in value since last sale

Current estimated payment $1,822/month

2 Days on Market

About This Home

As of September 2019

This newly updated 2-unit would be perfect as an investment property or for an owner occupant. Owned/well-maintained by the same Landlord for over 30 years/gutted down to the studs and back when first purchased! The lower unit has brand new luxury vinyl plank flooring and new carpet in the bedrooms. Fresh paint throughout, including newly refurbished cabinets and a brand new stove in the kitchen. All separate utilities, rental certified to 2022. Huge fenced in backyard with alley access. Well insulated, even between floors! Walking distance to Creston Brewery and more! If fully rented and self-managed, investors could enjoy an almost 10% cap rate with this property while owner-occupants can 'house hack' by renting out a unit and living in the other. Buyers to verify all information.

Last Listed By

Santiago Gomez

Keller Williams Realty Rivertown Listed on: 08/14/2019

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,544

Year Built

  • Built in 1875

Lot Details

  • 8,900

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 8,900 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,544

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement, Slab

Exterior Features

  • List Price: 160000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8900.0
  • Zoning Description: MFR 2DU
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1544.49
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2022
Sold by
Carmen Marney
Bought by
Marney Blaine and Marney Carmen
Total Days on Market
2
Current Estimated Value
$277,165

Purchase Details

Listed on
Aug 14, 2019
Closed on
Sep 20, 2019
Sold by
Reimbold Richard James and Reimbold Rita Marie
Bought by
Odell Carmen
Seller's Agent
Santiago Gomez
Keller Williams Realty Rivertown
Buyer's Agent
Mitchell Luban
Edison Brokers & Co LLC
List Price
$160,000
Sold Price
$196,000
Premium/Discount to List
$36,000
22.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$186,200
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2007
Sold by
R & R Of Ada Llc
Bought by
Richard James and Richard Rita Marie

Purchase Details

Closed on
Feb 24, 1988

Purchase Details

Closed on
Dec 17, 1986

Purchase Details

Closed on
Jul 22, 1985

Purchase Details

Closed on
Jun 3, 1985

Purchase Details

Closed on
Dec 30, 1982

Purchase Details

Closed on
Feb 18, 1982

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
Marney Blaine -- None Listed On Document
Odell Carmen $196,000 None Available
Richard James -- None Available
-- $52,000 --
-- $4,000 --
-- $4,000 --
-- $17,900 --
-- $100 --
-- $22,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dell Carmen O $194,350
Previous Owner Odell Carmen $186,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2019 09/20/19 Sold $196,000 +22.5% --
08/16/2019 08/16/19 Pending -- -- --
08/14/2019 08/14/19 For Sale $160,000 -- --
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 $4,206 $118,200 $0 $0
2023 $3,290 $102,600 $0 $0
2022 $3,270 $90,000 $0 $0
2021 $3,190 $81,300 $0 $0
2020 $3,070 $73,000 $0 $0
2019 $1,531 $60,900 $0 $0
2018 $1,484 $46,900 $0 $0
2017 $1,448 $39,300 $0 $0
2016 $1,455 $36,700 $0 $0
2015 $1,386 $36,700 $0 $0
2013 -- $40,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Santiago Gomez

    Keller Williams Realty Rivertown

  • M

    Buyer's Agent in 2019

    Mitchell Luban

    Edison Brokers & Co LLC

    (616) 375-0775

    6 in this area

    120 Total Sales

    Mitchell Luban
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19039126

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-301-024

Michigan Kent County Grand Rapids 49505 Creston

41 Colfax St NE Unit 43, Grand Rapids, MI

Homes for Sale in Grand Rapids, MI

This home is located at 41 Colfax St NE Unit 43, Grand Rapids, MI 49505 since 14 August 2019 and is currently estimated at $277,165. This property was built in 1875. 41 Colfax St NE Unit 43 is a home located in Kent County with nearby schools including Palmer 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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