NOT LISTED FOR SALE

429 Laurel St SW Grand Rapids, MI 49503

Roosevelt Park Neighborhood

Estimated Value: $244,000 - $383,435

8 Beds
3 Baths
-- Sq Ft
5,750 Sq Ft Lot

Last Sold December 15, 2016

Last sale price $108,000

Est. 187% increase in value since last sale

Current estimated payment $2,073/month

20 Days on Market

About This Home

As of December 2016

Here's your chance to own an always rented out 3 unit right in front of school with 10 bedrooms and recently city certified. Or live for free by renting the two unit building and living in the single family dwelling on the same lot. Plenty of room for future expansion with huge attic and 1,660 sq ft of unfinished basement.

Last Agent to Sell the Property

Robert Coursey

Leading Edge Realty LLC License #6501309293 Listed on: 10/15/2016

Last Buyer's Agent

Anthony Rietema

Encompass-Realtors License #6501376286

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,153

Year Built

  • Built in 1900

Lot Details

  • 5,750 Sq Ft Lot
  • Lot Dimensions are 115 x 50
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Vinyl Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Michigan Basement
  • Mineral Rights Excluded

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,153

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • List Price: 109900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5750.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2153.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2019
Sold by
Functional Asset Management Llc
Bought by
Snowy Owl Llc
Total Days on Market
20
Current Estimated Value
$309,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$125,490
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$167,498

Purchase Details

Listed on
Oct 15, 2016
Closed on
Dec 15, 2016
Sold by
Gonzalez Sara
Bought by
Functional Asset Management Llc
Seller's Agent
Robert Coursey
Leading Edge Realty LLC
Buyer's Agent
Anthony Rietema
Encompass-Realtors
List Price
$109,900
Sold Price
$108,000
Premium/Discount to List
-$1,900
-1.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.51%

Purchase Details

Closed on
Mar 16, 2007
Sold by
Gonzalez Venancio
Bought by
Gonzalez Sara

Purchase Details

Closed on
Sep 1, 1994
Sold by
Swanson Dolores M
Bought by
Gonzalez Venancio and Gonzalez Sara
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
Snowy Owl Llc $175,000 Chicago Title Of Mi Inc
Functional Asset Management Llc $108,000 Chicago Title Of Michigan In
Gonzalez Sara -- None Available
Gonzalez Venancio $7,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Snowy Owl Llc $140,000
Closed Functional Asset Management Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2016 12/15/16 Sold $108,000 -1.7% --
11/04/2016 11/04/16 Pending -- -- --
10/15/2016 10/15/16 For Sale $109,900 -- --
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
2024 $4,010 $133,700 $0 $0
2023 $3,977 $112,800 $0 $0
2022 $145 $101,500 $0 $0
2021 $3,683 $93,400 $0 $0
2020 $3,560 $69,600 $0 $0
2019 $2,377 $55,300 $0 $0
2018 $2,304 $45,500 $0 $0
2017 $2,248 $44,100 $0 $0
2016 $2,260 $42,900 $0 $0
2015 $2,153 $42,900 $0 $0
2013 -- $40,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Robert Coursey

    Leading Edge Realty LLC

    (616) 890-3475

    1 in this area

    56 Total Sales

    Section Image

  • A

    Buyer's Agent in 2016

    Anthony Rietema

    Encompass-Realtors

    (616) 403-3760

    5 Total Sales

    Anthony Rietema
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16052739

Southwestern Michigan Association of REALTORS®

APN: 41-13-36-182-008

Michigan Kent County Grand Rapids 49503 Roosevelt Park

429 Laurel St SW, Grand Rapids, MI

This home is located at 429 Laurel St SW, Grand Rapids, MI 49503 since 15 October 2016 and is currently estimated at $309,859. This property was built in 1900. 429 Laurel St SW is a home located in Kent County with nearby schools including Southwest Community Campus School, Burton 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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