NOT LISTED FOR SALE

422 Leonard St NE Grand Rapids, MI 49503

Belknap Lookout Neighborhood

Estimated Value: $233,000 - $262,810

-- Bed
-- Bath
-- Sq Ft
4,961 Sq Ft Lot

Last Sold October 31, 2023

Last sale price $238,000

Est. 3% increase in value since last sale

Current estimated payment $1,689/month

32 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • High Speed Internet
  • Window Unit Cooling System
  • 2 Car Garage

About This Home

As of October 2023

Great investment opportunity close to downtown Grand Rapids!
Both units have 1 bedroom, 1 bathroom with similar floor plans up and down. Each unit is 624 square feet with spacious kitchens and laundry hook ups. Both are currently rented, in good condition with city compliance and have newer windows. Garage and off street parking is accessed from alley off College Ave.
Fantastic location for walking or biking around Grand Rapids and conveniently located close to major expressways.

Last Agent to Sell the Property

Howie Boeve

BP Realty License #6502410294 Listed on: 08/31/2023

Last Buyer's Agent

Andrew Bouman

@HomeRealty Holland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,143

Year Built

  • Built in 1920

Lot Details

  • 4,961 Sq Ft Lot
  • Lot Dimensions are 40x124

Home Design

  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Partial Basement

Parking

  • 2 Car Garage
  • Gravel Driveway

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,143

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40x124
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3143.0
  • Tax Info:Zoning3: Residential
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: 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
  • Driveway:Gravel: Yes
  • Air Conditioning:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Partial

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 239900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 40x124
  • Lot Size Sq Ft: 4961.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3143.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2024
Sold by
Hannam Dwayne
Bought by
Portmore Villas Llc
Current Estimated Value
$245,969

Purchase Details

Closed on
Oct 31, 2022
Sold by
Boorsma Mary Kathryn and Boorsma Tyler
Bought by
Hannam Dwayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 11, 2020
Closed on
Jan 5, 2021
Sold by
Thayer David C
Bought by
Boorsma Jeffrey and Boorsma Mary Kathryn
Seller's Agent
Curtis Sanders
ERA Reardon Realty Great Lakes (Walker)
Buyer's Agent
Jacob Rolf
Kilner Group Realty
List Price
$165,000
Sold Price
$171,000
Premium/Discount to List
$6,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%
Original Mortgage
$128,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2013
Sold by
422 Leonardllc
Bought by
Thayer David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,433
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 23, 2013
Sold by
Thayer David C
Bought by
422 Leonard Llc

Purchase Details

Closed on
Mar 10, 2003
Sold by
Kelly Todd F
Bought by
Thayer David D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,474
Interest Rate
5.74%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 25, 2000
Sold by
Kelly Kelly B B and Kelly T
Bought by
Thayer David C

Purchase Details

Closed on
Jul 18, 1997
Sold by
Wolf Brsby
Bought by
Kelly Todd F and Kelly Bonnie S

Purchase Details

Closed on
May 11, 1992
Sold by
Wanzer Wanzer R R and Wanzer Wolf R
Bought by
Thayer David C
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
Portmore Villas Llc -- None Listed On Document
Hannam Dwayne $238,000 Lighthouse Title
Boorsma Jeffrey $171,000 None Available
Thayer David C -- First American
422 Leonard Llc -- None Available
Thayer David D $67,000 --
Thayer David C -- --
Kelly Todd F $25,500 --
Thayer David C $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hannam Dwayne $178,500
Previous Owner Boorsma Jeffrey $128,250
Previous Owner Thayer David C $52,433
Previous Owner Thayer David D $66,474
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $238,000 -0.8% --
10/02/2023 10/02/23 Pending -- -- --
09/28/2023 09/28/23 Price Changed $239,900 -4.0% --
08/31/2023 08/31/23 For Sale $249,900 +46.1% --
01/05/2021 01/05/21 Sold $171,000 +3.6% --
11/15/2020 11/15/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $165,000 -- --
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
2025 $4,106 $90,500 $0 $0
2024 $4,106 $78,300 $0 $0
2023 $3,263 $67,700 $0 $0
2022 $3,101 $59,800 $0 $0
2021 $1,385 $53,800 $0 $0
2020 $1,339 $48,700 $0 $0
2019 $1,371 $41,100 $0 $0
2018 $1,329 $34,200 $0 $0
2017 $1,296 $27,800 $0 $0
2016 $1,303 $25,200 $0 $0
2015 $1,241 $25,200 $0 $0
2013 -- $26,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Howie Boeve

    Seller's Agent in 2023

    Howie Boeve

    BP Realty

    (616) 379-9350

    1 in this area

    92 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Andrew Bouman

    @HomeRealty Holland

    (616) 403-6854

    1 in this area

    82 Total Sales

    Section Image

  • C

    Seller's Agent in 2021

    Curtis Sanders

    ERA Reardon Realty Great Lakes (Walker)

    (616) 292-5576

    1 in this area

    17 Total Sales

    Section Image

  • J

    Buyer's Agent in 2021

    Jacob Rolf

    Kilner Group Realty

    (616) 581-6417

    2 in this area

    148 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23032444

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-201-006

Michigan Kent County Grand Rapids 49503 Belknap Lookout

422 Leonard St NE, Grand Rapids, MI

This home is located at 422 Leonard St NE, Grand Rapids, MI 49503 since 31 August 2023 and is currently estimated at $247,203. This property was built in 1920. 422 Leonard St NE is a home located in Kent County with nearby schools including East Leonard Elementary 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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