NOT LISTED FOR SALE

Estimated Value: $503,829 - $587,000

4 Beds
2 Baths
-- Sq Ft
0.41 Acres

Last Sold December 16, 2020

Last sale price $372,450

Est. 40% increase in value since last sale

Current estimated payment $3,573/month

1 Day on Market

Highlights

  • Clubhouse
  • 1 Fireplace
  • Tennis Courts
  • Grandville Middle School Rated A-
  • Community Pool
  • Forced Air Heating and Cooling System

About This Home

As of December 2020

Great opportunity to own a profitable duplex located in the Grandville school system. Sellers have never had trouble keeping it rented for the past 6 years. It was built in 2002 and has been well cared for. Improvements for each side are, Unit 4176: New stove 2014, Dryer 2016, Washer 2015, Water heater 2018, and this year carpeted and painted the whole unit and put in a water powered sump pump backup system. Unit 4178: Dishwasher 2016, 2017 new washer/dryer, repainted and carpeted the entire unit, New Furnace just installed, Water Htr 2018, New garage door mechanicals this year. Gutters installed 2017. Both sides rented at $1,600 & $1,700/month. One side is month to month, the other is a 1 year lease beginning 10-09-2020. Can only show one side at this time. Minimum 24 hour notice.

Last Agent to Sell the Property

Todd Fencil

RE/MAX of Grand Rapids (Stndl) License #6501288439 Listed on: 10/28/2020

RE/MAX of Grand Rapids (Stndl)

Last Buyer's Agent

Kevin Moore

ExpectMoore Realty License #6502400207

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,913

Year Built

  • Built in 2002

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 106 x 170

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Additional Features

  • 1 Fireplace
  • Mineral Rights Excluded

Listing and Financial Details

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

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,913

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 2002
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 106 x 170
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 6912.59
  • Tax Info:Zoning3: PUD 1
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Mineral Rights:No: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Substructure Walk-Out Access2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full, Walk-Out Access
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 379900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available, Storm Sewer, Broadband

Condo/Co-op/Association

  • Association Amenities: Pool, Tennis Court(s), Clubhouse
  • Association: Yes

Association/Amenities

  • Association Info:Approx Assoc Fee2: 700.0
  • Association Info:Assoc Fee Payable: Annually
  • Assoc Amenities:Pool: Yes
  • Assoc Amenities:Tennis Court(s)2: Yes

Lot Info

  • Lot Size Acres: 0.41
  • Lot Size Area: 0.41
  • Lot Dimensions: 106 x 170
  • Lot Size Sq Ft: 18034.0
  • Zoning Description: PUD 1
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 6912.59
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Dec 16, 2020
Sold by
Kumar Megha Ramesh and Gordon Jonathan
Bought by
Eizel Peter
Seller's Agent
Todd Fencil
RE/MAX of Grand Rapids (Stndl)
Buyer's Agent
Kevin Moore
ExpectMoore Realty
List Price
$379,900
Sold Price
$372,450
Premium/Discount to List
-$7,450
-1.96%
Current Estimated Value
$522,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,806
Avg. Annual Appreciation
7.19%
Original Mortgage
$292,000
Outstanding Balance
$262,351
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$252,011

Purchase Details

Closed on
Sep 30, 2014
Sold by
Lowdermilk Wesley M and Lowdermilk Melissa
Bought by
Kumar Megha Ramesh and Gordon Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2003
Sold by
Schierbeek Daniel L and Schierbeek Maribeth
Bought by
Lowdermilk Wesley M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.12%

Purchase Details

Closed on
Jun 28, 2002
Sold by
Creekwood Builders
Bought by
Schierbeck Daniel L and Schierbeck Maribeth
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
Eizel Peter $372,450 Chicago Title Of Michigan In
Kumar Megha Ramesh $265,000 Lighthouse Title Inc
Lowdermilk Wesley M $265,000 Titleamerica
Schierbeck Daniel L -- --
Creekwood Builders $54,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eizel Peter $292,000
Previous Owner Kumar Megha Ramesh $180,000
Previous Owner Lowdermilk Wesley $221,600
Previous Owner Lowdermilk Wesley M $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2020 12/16/20 Sold $372,450 -2.0% --
10/29/2020 10/29/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $379,900 -- --
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 $8,253 $252,400 $0 $0
2024 $8,253 $212,300 $0 $0
2023 $8,400 $189,900 $0 $0
2022 $7,695 $167,200 $0 $0
2021 $7,532 $152,200 $0 $0
2020 $6,601 $164,400 $0 $0
2019 $6,664 $152,300 $0 $0
2018 $6,603 $140,500 $0 $0
2017 $6,443 $124,100 $0 $0
2016 $6,267 $111,000 $0 $0
2015 $6,217 $111,000 $0 $0
2013 -- $104,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20045229

Southwestern Michigan Association of REALTORS®

APN: 41-17-31-426-014