NOT LISTED FOR SALE

423 Charles Ave SE Grand Rapids, MI 49503

Madison Area Neighborhood

Estimated Value: $304,000 - $783,000

-- Bed
2 Baths
-- Sq Ft
0.28 Acres

Last Sold April 15, 2021

Last sale price $600,000

Est. 21% decrease in value since last sale

Current estimated payment $2,996/month

5 Days on Market

Highlights

  • Cooling Available
  • High Speed Internet
  • Wood Siding
  • Forced Air Heating System

About This Home

As of April 2021

** Sale price includes 433 Charles as well*** Character rich 2 unit on an just over 1/4 acre. Apartments are each two bed, one bath in an up/down configuration. Front and rear entrances and shared basement laundry. Recent exterior paint and roof. Off street parking and generous side yard. Sublime location just steps from dining and shopping on Wealthy Street and just minutes from downtown. Lot may qualify to be split, see attached information. Buyer responsible for verification. City Certificate through March of 2025. Showings on Saturdays at 10:00 only. Call your agent to schedule.

Last Agent to Sell the Property

Chad Sytsma

Greenridge Realty (EGR) License #6501353016 Listed on: 03/02/2021

Last Buyer's Agent

Josh Smith

Josh Company, LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,856

Year Built

  • Built in 1890

Lot Details

  • 0.28

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

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

Additional Features

  • Michigan Basement
  • 0.28 Acre Lot

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $765
  • Maintenance Expense $620
  • Manager Expense $2,000
  • Gross Income $21,300

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,856

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 295000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Sq Ft: 12240.0
  • Zoning Description: LDR
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 21300.0
  • Insurance Expense: 765.0
  • Maintenance Expense: 620.0
  • Manager Expense: 2000.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1856.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Four Green Houses Llc
Bought by
Four Green Houses Llc
Current Estimated Value
$471,667

Purchase Details

Listed on
Mar 2, 2021
Closed on
Apr 15, 2021
Sold by
Spackman Clive and Spackman Stefamoe F
Bought by
Four Green Houses Llc
Seller's Agent
Chad Sytsma
Greenridge Realty (EGR)
Buyer's Agent
Josh Smith
Josh Company, LLC
List Price
$295,000
Sold Price
$600,000
Premium/Discount to List
$305,000
103.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.59%

Purchase Details

Listed on
Aug 26, 2014
Closed on
Oct 22, 2014
Sold by
Huyge William E
Bought by
Spackman Clive and Spackman Stephanie F A
Seller's Agent
Robert Kirchgessner Jr.
West Michigan Group LLC, The - I
Buyer's Agent
Chad Sytsma
Greenridge Realty (EGR)
List Price
$129,900
Sold Price
$110,000
Premium/Discount to List
-$19,900
-15.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.93%
Original Mortgage
$88,000
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 17, 1991
Sold by
Owens Owens M M and Owens Rhodes E
Bought by
Huyge William
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
Four Green Houses Llc -- None Listed On Document
Four Green Houses Llc -- Sun Title
Spackman Clive $110,000 Sun Title Agency Of Mi Llc
Huyge William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Four Green Houses Llc $300,000
Previous Owner Spackman Clive $88,000
Previous Owner Huyge William $25,561
Previous Owner Huyge William $55,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $600,000 +103.4% --
03/07/2021 03/07/21 Pending -- -- --
03/02/2021 03/02/21 For Sale $295,000 +168.2% --
10/22/2014 10/22/14 Sold $110,000 -15.3% --
09/12/2014 09/12/14 Pending -- -- --
08/26/2014 08/26/14 For Sale $129,900 -- --
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
2023 $4,427 $101,000 $0 $0
2022 $4,366 $84,200 $0 $0
2021 $1,849 $75,800 $0 $0
2020 $1,787 $64,300 $0 $0
2019 $1,773 $52,600 $0 $0
2018 $1,773 $42,700 $0 $0
2017 $1,730 $36,100 $0 $0
2016 $1,738 $32,400 $0 $0
2015 $1,656 $32,400 $0 $0
2013 -- $31,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Chad Sytsma

    Seller's Agent in 2021

    Chad Sytsma

    Greenridge Realty (EGR)

    (616) 813-2436

    3 in this area

    128 Total Sales

    Chad Sytsma
    Section Image

  • J

    Buyer's Agent in 2021

    Josh Smith

    Josh Company, LLC

    (616) 299-8541

    1 in this area

    17 Total Sales

    Josh Smith
    Section Image

  • R

    Seller's Agent in 2014

    Robert Kirchgessner Jr.

    West Michigan Group LLC, The - I

    (616) 822-2889

    61 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21006175

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-228-033

Michigan Kent County Grand Rapids 49503 Madison Area

423 Charles Ave SE, Grand Rapids, MI

This home is located at 423 Charles Ave SE, Grand Rapids, MI 49503 since 02 March 2021 and is currently estimated at $471,667. This property was built in 1890. 423 Charles Ave SE is a home located in Kent County with nearby schools including Martin Luther King Leadership Academy, Alger Middle School, and Ottawa Hills 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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