NOT LISTED FOR SALE

428 Worden St SE Unit 426 428 Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $238,000 - $265,000

-- Bed
-- Bath
-- Sq Ft
6,011 Sq Ft Lot

Last Sold December 31, 2023

Last sale price $236,000

Est. 8% increase in value since last sale

Current estimated payment $1,762/month

3 Days on Market

Highlights

  • 2 Fireplaces
  • Forced Air Heating System
  • 2 Car Garage

About This Home

As of December 2023

Looking for a lucrative investment opportunity in Grand Rapids? Welcome to 426 & 428 Worden St SE. Nestled in the heart of Grand Rapids, this 2-unit has the perfect blend of urban convenience and suburban tranquility. This propety offers easy access to local amenities, schools, and parks making it an ideal place to call home.

Each unit offers its own laundry hookup, off street parking, paved driveway, and garage area ensuring tenant convenience and uniqueness among other rentals.

Separate utility meters for each unit mean tenants are responsible for their own costs. With individual furnaces and water heaters, you're in control of expenses and can attract long-term, responsible renters. Whether you're a seasoned investor or just starting, 426 & 428 Worden St SE present a turnkey opportunity. Enjoy the benefits of passive income and property appreciation in a location poised for growth.

Schedule a showing today and witness firsthand the potential that this 2 unit hold for your investment portfolio. Act now and secure your foothold in the thriving Grand Rapids real estate market!

Last Agent to Sell the Property

Robert Kornstadt

City2Shore Arete Collection Inc License #6501411338 Listed on: 12/07/2023

Last Buyer's Agent

Connor Anderson

MOXIE Real Estate + Development License #6506049133

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,895

Year Built

  • Built in 1915

Lot Details

  • 6,011 Sq Ft Lot
  • Lot Dimensions are 50x120x50x120

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2 Fireplaces
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Parking

  • 2 Car Garage
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,895

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1915
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x120x50x120
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1894.81
  • Tax Info:Zoning3: res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Extras:Sep Gas Meter: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 2
  • Basement: Full
  • Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 230000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • 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

  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 50x120x50x120
  • Lot Size Sq Ft: 6011.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1894.81
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2023
Closed on
Dec 27, 2023
Sold by
Hebner Jamie L
Bought by
428 Worden Street Southeast Llc
Seller's Agent
Robert Kornstadt
City2Shore Arete Collection Inc
Buyer's Agent
Connor Anderson
MOXIE Real Estate + Development
List Price
$230,000
Sold Price
$236,000
Premium/Discount to List
$6,000
2.61%
Views
12
Current Estimated Value
$254,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,093
Avg. Annual Appreciation
4.36%

Purchase Details

Closed on
Jul 17, 2009
Sold by
Hebner Dale and Hebner Jamie L
Bought by
Hebner Jamie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,750
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 2007
Sold by
Mortgage Electronic Registration Systems
Bought by
Countrywide Bank Fsb

Purchase Details

Closed on
Sep 19, 2007
Sold by
Jones Nicole
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Oct 14, 2002
Sold by
Large John
Bought by
Jones Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,200
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2000
Sold by
Glss Glss K K and Glss B
Bought by
Large John and Hebner Jamie L

Purchase Details

Closed on
Apr 1, 1982
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
428 Worden Street Southeast Llc $236,000 Chicago Title
Hebner Jamie L -- None Available
Countrywide Bank Fsb -- None Available
Mortgage Electronic Registration Systems $76,500 None Available
Jones Nicole $81,000 --
Large John $38,900 --
-- $8,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hebner Jamie L $81,750
Previous Owner Jones Nicole $88,000
Previous Owner Jones Nicole $16,200
Previous Owner Jones Nicole $64,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2023 12/31/23 Sold $236,000 +2.6% --
12/10/2023 12/10/23 Pending -- -- --
12/07/2023 12/07/23 For Sale $230,000 -- --
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 $5,039 $109,700 $0 $0
2024 $5,039 $101,000 $0 $0
2023 $1,891 $89,900 $0 $0
2022 $1,798 $74,800 $0 $0
2021 $1,849 $67,700 $0 $0
2020 $2,197 $58,000 $0 $0
2019 $3,104 $49,200 $0 $0
2018 $1,680 $41,200 $0 $0
2017 $3,466 $34,700 $0 $0
2016 $1,647 $30,700 $0 $0
2015 $1,569 $30,700 $0 $0
2013 -- $32,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Robert Kornstadt

    City2Shore Arete Collection Inc

    (616) 262-3919

    2 in this area

    63 Total Sales

    Robert Kornstadt
    Section Image
  • Connor Anderson

    Buyer's Agent in 2023

    Connor Anderson

    MOXIE Real Estate + Development

    (616) 648-6353

    2 in this area

    127 Total Sales

    Connor Anderson
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23144228

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-403-012

Michigan Kent County Grand Rapids 49507 Madison Area

428 Worden St SE Unit 426 428, Grand Rapids, MI

This home is located at 428 Worden St SE Unit 426 428, Grand Rapids, MI 49507 since 07 December 2023 and is currently estimated at $254,093. This property was built in 1915. 428 Worden St SE Unit 426 428 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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