NOT LISTED FOR SALE

Estimated Value: $270,000 - $285,000

-- Bed
-- Bath
-- Sq Ft
4,138 Sq Ft Lot

Last Sold March 27, 2023

Last sale price $235,000

Est. 18% increase in value since last sale

Current estimated payment $1,943/month

5 Days on Market

Highlights

  • Wooded Lot
  • Forced Air Heating System
  • Wood Siding

About This Home

As of March 2023

Location location location! This cash flowing duplex is in an absolute PRIME location! Located under 500 feet to Michigan street where you will find all the best bars and restaurants in Grand Rapids; 7 Monks, Birch Lodge, The Fresian and Grand Coney just to name a few! Also close to Martha's Vineyard and Lyon Street Cafe. The medical mile and highway are just minutes away. Easy commuting to wherever you need to go in Grand Rapids! The house has been cash flowing for years with steady rent of $2,000 with month to month tenants. Tenants pay all utilities but water and sewer. There is off street parking in the back that will fit at least 4 cars. Recent updates include a new furnace for the lower unit and 2 new water heaters. Offer deadline Monday, February 27th at noon.

Last Agent to Sell the Property

Kendra Havemeier

Bellabay Realty (North) License #6502407311 Listed on: 02/22/2023

Bellabay Realty (North)

Last Buyer's Agent

James Richardson

HomeRealty, LLC License #6501401898

HomeRealty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,146

Year Built

  • Built in 1910

Lot Details

  • 4,138 Sq Ft Lot
  • Lot Dimensions are 56x127
  • Wooded Lot

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Michigan Basement

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,146

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 230000.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4138.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2145.63
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2023
Closed on
Mar 24, 2023
Sold by
Peterson Property Group Llc
Bought by
Pydych Sylvester
Seller's Agent
Kendra Havemeier
Bellabay Realty (North)
Buyer's Agent
James Richardson
HomeRealty, LLC
List Price
$230,000
Sold Price
$235,000
Premium/Discount to List
$5,000
2.17%
Total Days on Market
5
Views
21
Current Estimated Value
$276,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,824
Avg. Annual Appreciation
7.73%
Original Mortgage
$232,750
Outstanding Balance
$227,192
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$49,632

Purchase Details

Closed on
Sep 4, 2008
Sold by
Peterson Mark A and Peterson Patricia K
Bought by
Peterson Property Group Llc

Purchase Details

Closed on
Dec 1, 2004
Sold by
Lubner Rael and Souter Thomas
Bought by
Peterson Mark A and Peterson Patricia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 1998
Bought by
Lbner R and Peterson Property Group Llc

Purchase Details

Closed on
Apr 24, 1991
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
Pydych Sylvester $245,000 Lighthouse Title
Peterson Property Group Llc -- None Available
Peterson Mark A $78,000 --
Lbner R $48,000 --
-- $13,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pydych Sylvester $232,750
Previous Owner Peterson Mark A $80,000
Previous Owner Peterson Mark A $10,000
Previous Owner Peterson Mark A $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2023 03/27/23 Sold $235,000 +2.2% --
02/27/2023 02/27/23 Pending -- -- --
02/22/2023 02/22/23 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
2024 $4,663 $114,300 $0 $0
2023 $1,863 $106,100 $0 $0
2022 $2,146 $96,300 $0 $0
2021 $2,091 $86,500 $0 $0
2020 $2,021 $75,800 $0 $0
2019 $2,069 $68,300 $0 $0
2018 $2,006 $65,600 $0 $0
2017 $1,957 $58,100 $0 $0
2016 $1,966 $46,900 $0 $0
2015 $1,873 $46,900 $0 $0
2013 -- $35,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23005299

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-483-015