NOT LISTED FOR SALE

427 Thomas St SE Grand Rapids, MI 49503

South Hill Neighborhood

Estimated Value: $390,344 - $510,000

5 Beds
3 Baths
-- Sq Ft
6,400 Sq Ft Lot

Last Sold July 12, 2018

Last sale price $215,000

Est. 78% increase in value since last sale

Current estimated payment $2,433/month

1 Day on Market

Highlights

  • Forced Air Heating and Cooling System
  • Level Lot
  • 2-minute walk to Pleasant Park
  • High Speed Internet

About This Home

As of July 2018

Grand Rapids real estate. Welcome to this turnkey duplex in the South Hill neighborhood, with gated access to Pleasant Park! Plenty of off street parking & a very sought after location makes this a fantastic choice for an investment property or owner-occupied with rental income. This home is updated in both units. The main unit has a fireplace in the living rm, tray ceiling & stainless appliances in the kitchen, dining rm, 2 sizable bdrms (one with vaulted ceiling), a full bath on the main flr & in-unit main flr laundry. This unit also occupies part of the upstairs with a 3rd spacious bdrm & bath! The upper unit has a bright living rm that flows nicely into the open kitchen/dining area. There are 2 great sized bdrms, an updated full bath & in-unit laundry. Schedule your private showing!

Last Agent to Sell the Property

Suzanne Alber

Keller Williams GR North (Main) Listed on: 05/30/2018

Co-Listed By

Diane Griffin

Keller Williams GR North (Main) License #6502361836

Last Buyer's Agent

Summer Heeringa

Edison Brokers & Co LLC License #6501376577

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,951

Year Built

  • Built in 1890

Lot Details

  • 6,400 Sq Ft Lot
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Michigan Basement

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,951

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50*128
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1950.96
  • Tax Info:Zoning3: Multi
  • 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
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Lot Description:Level: 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
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 210000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • 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: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6400.0
  • Zoning Description: Multi
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1950.96
  • Tax Year: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 11, 2019
Sold by
Heeringa Kai and Heeringa Summer
Bought by
Herringa Summer
Current Estimated Value
$382,792

Purchase Details

Listed on
May 30, 2018
Closed on
Jul 12, 2018
Sold by
Elders Trent
Bought by
Teater Summer and Heeringa Kai
Seller's Agent
Suzanne Alber
Keller Williams GR North (Main)
Buyer's Agent
Summer Heeringa
Edison Brokers & Co LLC
List Price
$210,000
Sold Price
$215,000
Premium/Discount to List
$5,000
2.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.41%
Original Mortgage
$161,250
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 5, 2012
Closed on
Jul 23, 2012
Sold by
Fannie Mae
Bought by
Elders Trent and Elders Trenton M
Seller's Agent
Anthony DeBartolo
DeBartolo Realty - I
Buyer's Agent
Mike Oostendorp
Keller Williams GR East
List Price
$117,900
Sold Price
$121,700
Premium/Discount to List
$3,800
3.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.00%
Original Mortgage
$119,534
Interest Rate
3.65%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 2, 2012
Sold by
Citimortgage Inc
Bought by
Fannie Mae

Purchase Details

Closed on
Jul 6, 2011
Sold by
Davis Terry Ray
Bought by
Ciitmortgage Inc

Purchase Details

Closed on
Sep 26, 2003
Sold by
Veldkamp Mitchell J
Bought by
Davis Terry Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
6.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 24, 2000
Sold by
Strlng Bk and Strlng Veldkamp M
Bought by
Veldkamp M and Elders Trent

Purchase Details

Closed on
Aug 11, 1999
Sold by
Sterling Sh and Sterling Bank
Bought by
Elders Trent

Purchase Details

Closed on
Jan 28, 1998
Sold by
Atkins Atkins E E and Atkins Thomas R
Bought by
Thomas R and Elders Trent
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
Herringa Summer -- None Available
Teater Summer $215,000 None Available
Elders Trent $121,740 None Available
Fannie Mae -- None Available
Ciitmortgage Inc $128,623 None Available
Davis Terry Ray $145,000 --
Veldkamp M $32,900 --
Elders Trent -- --
Thomas R $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Heeringa Summer $156,595
Closed Teater Summer $161,250
Previous Owner Elders Trenton M $119,534
Previous Owner Davis Terry Ray $130,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2018 07/12/18 Sold $215,000 +2.4% --
05/31/2018 05/31/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $210,000 +72.6% --
07/23/2012 07/23/12 Sold $121,700 +3.2% --
05/08/2012 05/08/12 Pending -- -- --
04/05/2012 04/05/12 For Sale $117,900 -- --
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 $4,045 $161,700 $0 $0
2024 $4,045 $144,400 $0 $0
2023 $4,012 $125,800 $0 $0
2022 $3,813 $104,300 $0 $0
2021 $3,715 $93,800 $0 $0
2020 $3,591 $83,500 $0 $0
2019 $3,677 $68,900 $0 $0
2018 $2,000 $54,000 $0 $0
2017 $1,951 $45,600 $0 $0
2016 $1,961 $40,800 $0 $0
2015 $1,868 $40,800 $0 $0
2013 -- $35,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Suzanne Alber

    Keller Williams GR North (Main)

  • Diane Griffin

    Seller Co-Listing Agent in 2018

    Diane Griffin

    Keller Williams GR North (Main)

    (616) 916-5960

    102 Total Sales

    Section Image

  • S

    Buyer's Agent in 2018

    Summer Heeringa

    Edison Brokers & Co LLC

    (616) 901-9299

    33 Total Sales

    Section Image

  • A

    Seller's Agent in 2012

    Anthony DeBartolo

    DeBartolo Realty - I

    Section Image

  • M

    Buyer's Agent in 2012

    Mike Oostendorp

    Keller Williams GR East

    (616) 957-1119

    92 Total Sales

    Section Image

  • M

    Buyer's Agent in 2012

    Michael Oostendorp

    Kellogg & Assoc.(West)INACTIVE

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18024012

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-251-017

Michigan Kent County Grand Rapids 49503 South Hill

427 Thomas St SE, Grand Rapids, MI

This home is located at 427 Thomas St SE, Grand Rapids, MI 49503 since 30 May 2018 and is currently estimated at $433,586. This property was built in 1890. 427 Thomas St SE is a home located in Kent County with nearby schools including Gerald R. Ford Academic Center, 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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