NOT LISTED FOR SALE

42 50th St SW Grand Rapids, MI 49548

Kelloggsville Neighborhood

Estimated Value: $699,235

-- Bed
-- Bath
-- Sq Ft
0.68 Acres

Last Sold August 29, 2017

Last sale price $450,000

Est. 55% increase in value since last sale

Current estimated payment $4,595/month

Highlights

  • 0.68 Acre Lot
  • 8 Car Garage
  • Heating System Uses Natural Gas
  • Window Unit Cooling System
  • Laundry Facilities
  • 4-minute walk to Interurban Trail

About This Home

As of August 2017

Sold before broadcast

Last Agent to Sell the Property

Mark Troy

Compass Realty Services License #6502355827 Listed on: 08/29/2017

Compass Realty Services

Last Buyer's Agent

Kathy Dennison

Lighthouse Property Management License #6502319881

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,169

Year Built

  • Built in 1973

Lot Details

  • 0.68

Parking

  • 8 Car Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Window Unit Heating System

Additional Features

  • Partial Basement
  • 0.68 Acre Lot

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,169

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1973
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: NA
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 8169.38
  • Tax Info:Zoning3: NA
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 8
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: 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
  • Heat Type:Radiant: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 450000.0
  • 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

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes
  • Unit 3:Garage6: Yes

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Radiant
  • Heating: Yes
  • Utilities: Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.68
  • Lot Size Area: 0.68
  • Lot Size Sq Ft: 29621.0
  • Zoning Description: NA
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Number of Units Total: 8

Tax Info

  • Tax Annual Amount: 8169.38
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2022
Sold by
Castillo Salvador and Castillo Lucilia
Bought by
Alto Ventures Llc
Current Estimated Value
$699,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$403,187
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$281,033

Purchase Details

Listed on
Aug 29, 2017
Closed on
Aug 17, 2017
Sold by
Bhf Propeties Llc
Bought by
Castillo Salvador and Castillo Lucilia
Seller's Agent
Mark Troy
Compass Realty Services
Buyer's Agent
Kathy Dennison
Lighthouse Property Management
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$330,000
Interest Rate
4.03%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 9, 2014
Closed on
May 19, 2015
Sold by
Wobma Kenneth F and Wobma Vanessa A
Bought by
Bhf Properties Llc
Seller's Agent
Lisa Elburn
616 Realty LLC
Buyer's Agent
Lisa Elburn
616 Realty LLC
List Price
$298,900
Sold Price
$280,000
Premium/Discount to List
-$18,900
-6.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.13%
Original Mortgage
$210,000
Interest Rate
3.62%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 4, 2013
Sold by
Wobma Dewey F and Wobma Kathleen J
Bought by
Wobma Dewey F and Wobma Kathleen J
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
Alto Ventures Llc $600,000 Irongate Title Agency
Castillo Salvador -- Sun Title Agency Of Michi
Bhf Properties Llc $280,000 Sun Title Agency Of Mi Llc
Wobma Kenneth F $250,000 Sun Title Agency Of Mi Llc
Wobma Dewey F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alto Ventures Llc $420,000
Previous Owner Castillo Salvador $330,000
Previous Owner Bhf Properties Llc $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2017 08/29/17 Sold $450,000 0.0% --
08/29/2017 08/29/17 Pending -- -- --
08/29/2017 08/29/17 For Sale $450,000 +60.7% --
05/19/2015 05/19/15 Sold $280,000 -6.3% --
04/06/2015 04/06/15 Pending -- -- --
09/09/2014 09/09/14 For Sale $298,900 -- --
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 $10,656 $280,800 $0 $0
2024 $10,656 $235,000 $0 $0
2023 $13,612 $231,700 $0 $0
2022 $11,216 $224,100 $0 $0
2021 $10,920 $197,000 $0 $0
2020 $7,882 $192,700 $0 $0
2019 $10,392 $181,600 $0 $0
2018 $10,186 $169,500 $0 $0
2017 $8,342 $138,000 $0 $0
2016 $8,169 $117,200 $0 $0
2015 $6,417 $117,200 $0 $0
2013 -- $107,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Troy

    Seller's Agent in 2017

    Mark Troy

    Compass Realty Services

    (616) 452-4200

    12 Total Sales

    Mark Troy
    Section Image
  • Kathy Dennison

    Buyer's Agent in 2017

    Kathy Dennison

    Lighthouse Property Management

    (616) 257-9577

    36 Total Sales

    Kathy Dennison
    Section Image

  • L

    Seller's Agent in 2015

    Lisa Elburn

    616 Realty LLC

    (616) 970-5472

    1 in this area

    28 Total Sales

    Lisa Elburn
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17043808

Southwestern Michigan Association of REALTORS®

APN: 41-17-25-477-014

Michigan Kent County Grand Rapids 49548 Kelloggsville

42 50th St SW, Grand Rapids, MI

This home is located at 42 50th St SW, Grand Rapids, MI 49548 since 29 August 2017 and is currently estimated at $699,235. This property was built in 1973. 42 50th St SW is a home located in Kent County with nearby schools including Southeast Kelloggsville Elementary School, West Kelloggsville Elementary, and Kelloggsville Middle 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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