NOT LISTED FOR SALE

Estimated Value: $239,000 - $288,000

-- Bed
-- Bath
-- Sq Ft
6,200 Sq Ft Lot

Last Sold October 30, 2017

Last sale price $104,900

Est. 156% increase in value since last sale

Current estimated payment $1,619/month

3 Days on Market

Highlights

  • Forced Air Heating System
  • 5 Car Garage
  • High Speed Internet

About This Home

As of October 2017

Grand Rapids Michigan Duplex - Landlord special! This attractive home on the increasingly popular Bridge Street Corridor near downtown Grand Rapids has a brand new roof (tearoff), a 3 stall garage, a new certificate of compliance to be provided at close, and has undergone lead paint remediation under federal funding and regulations. Large units in good to fair condition with several recent improvements with paint and flooring. The third bedroom in this layout is small. This is a rare opportunity to get into a well-located duplex in this price point with room for future growth and equity.

Last Agent to Sell the Property

Peter Bruinsma

Grand River Realty License #6502402583 Listed on: 09/30/2017

Co-Listed By

Michael Vanderbrug

Grand River Realty License #6501400705

Last Buyer's Agent

Jacob Thomas

United Realty Services LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1910

Lot Details

  • 6,200 Sq Ft Lot
  • Lot Dimensions are 40x155

Parking

  • 5 Car Garage

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,500

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40x155
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1500.0
  • Tax Info:Zoning3: RMNW2_RES MULTI
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Heat Type:Space Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 104900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0
  • Extras:Garages: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6200.0
  • Zoning Description: RMNW2_RES MULTI
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1500.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2017
Closed on
Oct 31, 2017
Sold by
West Grand Properties Llc
Bought by
Vanhofwegen Joel
Seller's Agent
Peter Bruinsma
Grand River Realty
Buyer's Agent
Jacob Thomas
United Realty Services LLC
List Price
$104,900
Sold Price
$104,900
Current Estimated Value
$268,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,609
Avg. Annual Appreciation
12.58%
Original Mortgage
$78,675
Outstanding Balance
$65,926
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$202,583

Purchase Details

Closed on
Apr 27, 2017
Sold by
Matthysse Lawerence D and Matthysse Ardith K
Bought by
The Lester M And Maxine M Matthysse Trus

Purchase Details

Closed on
Apr 1, 2017
Sold by
Lester M And Maxine M Matthy See Trust
Bought by
West Graud Properties Llc

Purchase Details

Closed on
Mar 7, 2017
Sold by
Matthysse Lawrence D
Bought by
Matthysse Leseter M and Matthysse Maxine M

Purchase Details

Closed on
Feb 23, 2017
Sold by
Matthysse Jeffrey G and Matthysse Stephenie F
Bought by
Matthysse Lester M and Matthysse Maxine M

Purchase Details

Closed on
Jun 17, 1999
Bought by
Matthysse Jeffrey and Matthysse Jeffrey
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
Vanhofwegen Joel $104,900 Sun Title Agency Of Michigan
Vanhofwegan Joel Van $29,114 Bell Title Agency
The Lester M And Maxine M Matthysse Trus -- None Available
West Graud Properties Llc -- None Available
Matthysse Leseter M -- None Available
Matthysse Lester M -- None Available
Matthysse Jeffrey $40,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanhofwegan Joel Van $78,675
Closed West Graud Properties Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2017 10/30/17 Sold $104,900 0.0% --
10/03/2017 10/03/17 Pending -- -- --
09/30/2017 09/30/17 For Sale $104,900 -- --
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 $2,338 $118,300 $0 $0
2024 $2,338 $103,600 $0 $0
2023 $2,235 $92,800 $0 $0
2022 $2,204 $76,900 $0 $0
2021 $2,148 $68,500 $0 $0
2020 $2,076 $60,700 $0 $0
2019 $2,126 $48,100 $0 $0
2018 $2,061 $38,900 $0 $0
2017 $1,433 $32,800 $0 $0
2016 $1,440 $29,700 $0 $0
2015 $1,372 $29,700 $0 $0
2013 -- $26,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17049482

Southwestern Michigan Association of REALTORS®

APN: 41-13-23-480-015