NOT LISTED FOR SALE

437 Union Ave SE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $366,998 - $417,000

-- Bed
-- Bath
-- Sq Ft
6,300 Sq Ft Lot

Last Sold April 17, 2013

Last sale price $107,500

Est. 267% increase in value since last sale

Current estimated payment $2,545/month

150 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • Wood Siding

About This Home

As of April 2013

Grand Rapids Real Estate. Ask Realtor for a list of imporvements currently underway. Optimally located Heritage Hill two unit with parking! Just a half-block from Wealthy Bakery, and around the corner from bus lines and the desirable Wealthy corridor. Interior and exterior have nice layouts with lots of space. Main floor unit offers the grandeur of an 1885 Heritage Hill home, including oak floors, tall ceilings, fireplace and pocket doors. Upper unit is spacious and easy to rent, or could be converted to the second story of a single family residence. Separate utilities. Could be converted into a 5 or 6BR home.

Last Agent to Sell the Property

Peter Bruinsma

Grand River Realty License #6502402583 Listed on: 10/03/2012

Last Buyer's Agent

Mike Beaudry

616 Realty LLC License #6502359518

616 Realty LLC

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1885

Lot Details

  • 6,300 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $700
  • Operating Expense $1,540
  • Gross Income $15,600
  • Net Operating Income $14,060

Property Details

Home Type

Apartment

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 110000.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6300.0
  • Zoning Description: RMHH2_RES MULTI

Rental Info

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

Multi Family

  • Gross Income: 15600.0
  • Insurance Expense: 700.0
  • Net Operating Income: 14060.0
  • Number of Units Total: 2
  • Operating Expense: 1540.0

Tax Info

  • Tax Annual Amount: 3290.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2017
Sold by
Hermenet Matt
Bought by
Nielepko Maximilian
Current Estimated Value
$394,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,925
Outstanding Balance
$146,430
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$247,820

Purchase Details

Closed on
Dec 8, 2017
Sold by
Hermenet Matt
Bought by
Nielepko Maximilian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,925
Outstanding Balance
$146,430
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$247,820

Purchase Details

Listed on
Oct 3, 2012
Closed on
Apr 17, 2013
Sold by
Saints Stuart K and Mcmanus Elizabet J
Bought by
Hermenet Matt
Seller's Agent
Peter Bruinsma
Grand River Realty
Buyer's Agent
Mike Beaudry
616 Realty LLC
List Price
$119,900
Sold Price
$107,500
Premium/Discount to List
-$12,400
-10.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.98%
Original Mortgage
$105,552
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 27, 2006
Sold by
Miller Ronald R and Miller Janet C
Bought by
Saints Stuart K and Mcmanus Eliza J

Purchase Details

Closed on
Aug 27, 2003
Sold by
Miller Ronald R and Miller Janet C
Bought by
Saints Stuart K and Mcmanus Eliza J

Purchase Details

Closed on
Oct 8, 1993
Sold by
Wilkins Est and Wilkins Miller R
Bought by
Hermenet Matthew
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
Nielepko Maximilian -- None Available
Nielepko Maximilian -- None Available
Hermenet Matt $107,500 Sun Title Agency Of Mi Llc
Saints Stuart K $164,000 Metropolitan Title Company
Saints Stuart K -- --
Hermenet Matthew $33,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nielepko Maximilian $173,925
Closed Nielepko Maximilian $173,925
Previous Owner Hermenet Matt $105,552
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2013 04/17/13 Sold $107,500 -10.3% --
03/02/2013 03/02/13 Pending -- -- --
10/03/2012 10/03/12 For Sale $119,900 -- --
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 $5,458 $173,400 $0 $0
2024 $5,458 $163,600 $0 $0
2023 $5,414 $142,100 $0 $0
2022 $5,146 $121,400 $0 $0
2021 $5,014 $119,800 $0 $0
2020 $4,846 $110,000 $0 $0
2019 $5,125 $98,700 $0 $0
2018 $5,125 $90,800 $0 $0
2017 $3,712 $83,000 $0 $0
2016 $2,887 $70,500 $0 $0
2015 $2,725 $70,500 $0 $0
2013 -- $64,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peter Bruinsma

    Seller's Agent in 2013

    Peter Bruinsma

    Grand River Realty

    (616) 293-5731

    10 in this area

    191 Total Sales

    Peter Bruinsma
    Section Image
  • Mike Beaudry

    Buyer's Agent in 2013

    Mike Beaudry

    616 Realty LLC

    (616) 293-9502

    32 Total Sales

    Mike Beaudry
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12053742

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-204-016

Michigan Kent County Grand Rapids 49503 Heritage Hill

437 Union Ave SE, Grand Rapids, MI

This home is located at 437 Union Ave SE, Grand Rapids, MI 49503 since 03 October 2012 and is currently estimated at $394,250. This property was built in 1885. 437 Union 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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