$110,000
SOLD OCT 22, 2014

423 Charles Ave SE Grand Rapids, MI 49503

Madison Area Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Recently Sold

15% Below List Price

17 Days on Market

About This Home

As of April 2021

Unique investment opportunity in the City's hottest neighborhood. Solid 2 unit building with an additional vacant lot. Each of the two bedroom units rents for $650/mo. The property is 3 doors south of Wealthy and is NOT in an Historic District. Call Bob for more info.

Last Agent to Sell the Property

Robert Kirchgessner Jr.

West Michigan Group LLC, The - I License #6502139260 Listed on: 08/26/2014

Last Buyer's Agent

Chad Sytsma

Greenridge Realty (EGR) License #6501353016

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,589

Year Built

  • Built in 1890

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 0.28 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,589

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 129900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.28
  • Lot Size Area: 0.28
  • Lot Size Sq Ft: 12226.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1589.0
  • Tax Year: 2014

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
$327,667

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
-5.44%

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
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed -- Sun Title
Warranty Deed $110,000 Sun Title Agency Of Mi Llc
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $300,000 New Conventional
Previous Owner $88,000 Commercial
Previous Owner $25,561 Credit Line Revolving
Previous Owner $55,600 Commercial
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

    124 Total Sales

    Section Image

  • J

    Buyer's Agent in 2021

    Josh Smith

    Josh Company, LLC

    (616) 299-8541

    1 in this area

    15 Total Sales

    Section Image

  • R

    Seller's Agent in 2014

    Robert Kirchgessner Jr.

    West Michigan Group LLC, The - I

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14049536

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 and is currently priced at $110,000. 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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