NOT LISTED FOR SALE

434 Lafayette Ave SE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $729,202 - $779,000

6 Beds
3 Baths
-- Sq Ft
10,585 Sq Ft Lot

Last Sold October 22, 2015

Last sale price $283,000

Est. 158% increase in value since last sale

Current estimated payment $4,806/month

69 Days on Market

Highlights

  • Wooded Lot
  • Laundry Facilities
  • 1-minute walk to Mooney Park
  • Forced Air Heating System
  • Community Storage Space

About This Home

As of October 2015

Excellent location, walking distance to Eastown/Downtown, next to GR Children's Discovery Center (Reggio Emilia School)and to MARY FREE BED REHAB center. Beautiful 2-3 unit Heritage Hill home w/ lots of character, hardwood floors, crown molding, huge porch, fireplace. Spacious Main Floor,2 Big Bedrooms plus 1 Full Bath offering 1595 sf. The Second Floor offers 2 big Bedrooms, sun porch, fireplace, big kitchen. The kitchen has seen updates and new tile flooring. Lots of windows throughout. All The Electrical Has Been Up-dated, new gas piping, newer furnace. The full basement has shared laundry Room with Washer/ Dryer (coin) and a possible full Bath. Each Unit Has Its Own Hot Water Heater, Off Street Parking and a huge backyard. Great investor property or owner home with rental unit

Last Agent to Sell the Property

Ingrid Anastasiu

Keller Williams GR East License #6501380705 Listed on: 06/25/2015

Keller Williams GR East

Last Buyer's Agent

Ryan Dodgson

Dodgson Land Co License #6502410873

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,409

Year Built

  • Built in 1875

Lot Details

  • 10,585 Sq Ft Lot
  • Wooded Lot

Parking

  • 4 Parking Spaces

Home Design

  • Shingle Siding
  • Stucco

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 3 Units

Amenities

  • Laundry Facilities
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,409

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 73*145
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4409.0
  • Tax Info:Zoning3: Heritage Hill
  • General Property Info:Total _pound_ Units: 3
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Extras:Laundry Facility: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Shingle Siding, Stucco
  • List Price: 299500.0
  • Lot Features: Sidewalk, Wooded
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Shingle Siding: Yes
  • Exterior Material:Stucco: Yes

Garage/Parking

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

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Cable Connected, Telephone Line

Association/Amenities

  • Assoc Amenities:Storage: Yes

Lot Info

  • Lot Size Acres: 0.24
  • Lot Size Area: 0.24
  • Lot Size Sq Ft: 10585.0
  • Zoning Description: Heritage Hill
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 4409.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2015
Closed on
Oct 22, 2015
Sold by
Ferguson Mark
Bought by
Masselink Bryan J
Seller's Agent
Ingrid Anastasiu
Keller Williams GR East
Buyer's Agent
Ryan Dodgson
Dodgson Land Co
List Price
$319,000
Sold Price
$283,000
Premium/Discount to List
-$36,000
-11.29%
Current Estimated Value
$728,803

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$445,803
Avg. Annual Appreciation
10.26%
Original Mortgage
$212,250
Interest Rate
3.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2004
Sold by
Ferguson Mark H and Grover Kathleen A
Bought by
Ferguson Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1998
Sold by
Frgsn Prtrdg A
Bought by
Frgsn and Frgsn Grovr

Purchase Details

Closed on
Mar 29, 1985

Purchase Details

Closed on
Mar 28, 1985
Source: Public Records

Range of Values:

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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
Masselink Bryan J $283,000 Grand Rapids Title Co Llc
Ferguson Mark -- --
Frgsn $92,000 --
-- $71,000 --
-- $56,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masselink Bryan J $250,000
Closed Masselink Bryan J $212,250
Previous Owner Ferguson Mark $150,000
Previous Owner Ferguson Mark H $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2015 10/22/15 Sold $283,000 -11.3% --
09/02/2015 09/02/15 Pending -- -- --
06/25/2015 06/25/15 For Sale $319,000 -- --
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 $9,791 $339,300 $0 $0
2024 $9,791 $325,500 $0 $0
2023 $9,359 $286,100 $0 $0
2022 $8,163 $242,300 $0 $0
2021 $7,960 $239,900 $0 $0
2020 $7,673 $220,400 $0 $0
2019 $7,900 $205,100 $0 $0
2018 $7,651 $173,100 $0 $0
2017 $7,459 $158,100 $0 $0
2016 $7,509 $127,700 $0 $0
2015 $4,566 $127,700 $0 $0
2013 -- $119,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ingrid Anastasiu

    Seller's Agent in 2015

    Ingrid Anastasiu

    Keller Williams GR East

    (616) 304-0938

    11 in this area

    217 Total Sales

    Section Image

  • R

    Buyer's Agent in 2015

    Ryan Dodgson

    Dodgson Land Co

    (616) 916-6455

    31 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15033415

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-128-007

Michigan Kent County Grand Rapids 49503 Heritage Hill

434 Lafayette Ave SE, Grand Rapids, MI

This home is located at 434 Lafayette Ave SE, Grand Rapids, MI 49503 since 25 June 2015 and is currently estimated at $748,801. This property was built in 1875. 434 Lafayette 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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