NOT LISTED FOR SALE

440 Franklin St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $200,000 - $273,000

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

Last Sold February 22, 2021

Last sale price $194,000

Est. 28% increase in value since last sale

Current estimated payment $1,648/month

4 Days on Market

About This Home

As of February 2021

Great 2 unit with all the work already done. both units are 2 bed 1 bath. Roof is less that 3 years old. Both furnaces and water heaters are 3 years old. New electrical panels for both units less than 2 years ago. New siding was installed in October 2020. Upper unit was updated 3 years ago. Lower unit just got new appliances, new counter tops and sink as well as fresh paint and carpet. This is a great investment and also great for an owner occupied option. Plenty of off street parking and the lot next door is owned by the city of Grand Rapids.

Last Agent to Sell the Property

Andy Straub

Five Star Real Estate (Grandv) License #6502418569 Listed on: 01/13/2021

Five Star Real Estate (Grandv)

Last Buyer's Agent

Jason Mulder

Keller Williams GR North (Main) License #6505374302

Keller Williams GR North (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,112

Year Built

  • Built in 1906

Lot Details

  • 6,011 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,112

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1906
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 185000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6011.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2112.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Feb 17, 2021
Sold by
Beene Shawn
Bought by
Hogan Randal Jo
Seller's Agent
Andy Straub
Five Star Real Estate (Grandv)
Buyer's Agent
Jason Mulder
Keller Williams GR North (Main)
List Price
$185,000
Sold Price
$194,000
Premium/Discount to List
$9,000
4.86%
Current Estimated Value
$248,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,534
Avg. Annual Appreciation
6.10%
Original Mortgage
$145,500
Outstanding Balance
$130,726
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$123,395

Purchase Details

Listed on
Aug 16, 2016
Closed on
Oct 11, 2016
Sold by
The Trister Marketing Group Tmg Inc
Bought by
Beene Shawn
Seller's Agent
Mark Brace
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Buyer's Agent
Andy Straub
Five Star Real Estate (Grandv)
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.81%
Original Mortgage
$45,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2015
Sold by
Alliance Asset Holdings I Llc
Bought by
The Trister Marketing Group Tmg Inc

Purchase Details

Listed on
Dec 17, 2012
Closed on
Jan 25, 2013
Sold by
Valdez Oscar and Valdez Telma
Bought by
Alliance Asset Holdings I Llc
Seller's Agent
Rui DeOliveira
RE/MAX SunQuest Realty
Buyer's Agent
John Pols
Homestead Realty of W Michigan
List Price
$44,900
Sold Price
$35,000
Premium/Discount to List
-$9,900
-22.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.97%

Purchase Details

Closed on
Nov 17, 2011
Sold by
Us Bank Na
Bought by
Valdez Oscar

Purchase Details

Closed on
Jul 26, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Us Bank Na

Purchase Details

Closed on
Feb 16, 2011
Sold by
Brown Beverly A
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Jun 9, 2010
Sold by
Give Life Restore Life Brown Group Prope
Bought by
U S Bank Home Mortgage

Purchase Details

Closed on
Jul 9, 2008
Sold by
Brown Beverly A
Bought by
Give Life Restore Life Brown Group Prope

Purchase Details

Closed on
Dec 4, 1980
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
Hogan Randal Jo $194,000 None Available
Beene Shawn $60,000 Title Resource Agency
The Trister Marketing Group Tmg Inc $48,500 Chicago Title
Alliance Asset Holdings I Llc $35,000 Sun Title Agency Of Mi Llc
Valdez Oscar $10,000 None Available
Us Bank Na -- None Available
Federal Home Loan Mortgage Corp $109,784 None Available
U S Bank Home Mortgage -- None Available
Give Life Restore Life Brown Group Prope -- None Available
-- $10,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hogan Randal Jo $145,500
Previous Owner Beene Shawn $45,000
Previous Owner Brown Beverly A $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2021 02/22/21 Sold $194,000 +4.9% --
01/17/2021 01/17/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $185,000 +208.3% --
10/11/2016 10/11/16 Sold $60,000 -14.2% --
09/05/2016 09/05/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $69,900 +99.7% --
01/25/2013 01/25/13 Sold $35,000 -22.0% --
01/12/2013 01/12/13 Pending -- -- --
12/17/2012 12/17/12 For Sale $44,900 -- --
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 $3,883 $103,800 $0 $0
2024 $3,883 $95,400 $0 $0
2023 $3,852 $84,800 $0 $0
2022 $3,661 $70,600 $0 $0
2021 $2,103 $61,900 $0 $0
2020 $2,032 $53,100 $0 $0
2019 $2,081 $45,100 $0 $0
2018 $2,017 $38,900 $0 $0
2017 $1,968 $32,800 $0 $0
2016 $1,755 $29,100 $0 $0
2015 $1,376 $29,100 $0 $0
2013 -- $27,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andy Straub

    Seller's Agent in 2021

    Andy Straub

    Five Star Real Estate (Grandv)

    (616) 322-7659

    2 in this area

    267 Total Sales

    Andy Straub
    Section Image

  • J

    Buyer's Agent in 2021

    Jason Mulder

    Keller Williams GR North (Main)

    (616) 594-9560

    2 in this area

    35 Total Sales

    Jason Mulder
    Section Image
  • Jim Blehm

    Buyer Co-Listing Agent in 2021

    Jim Blehm

    Keller Williams GR North (Main)

    (616) 719-7017

    5 in this area

    525 Total Sales

    Jim Blehm
    Section Image
  • Mark Brace

    Seller's Agent in 2016

    Mark Brace

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 447-7025

    1 in this area

    850 Total Sales

    Mark Brace
    Section Image
  • Rui DeOliveira

    Seller's Agent in 2013

    Rui DeOliveira

    RE/MAX Michigan

    1 in this area

    79 Total Sales

    Rui DeOliveira
    Section Image
  • John Pols

    Buyer's Agent in 2013

    John Pols

    Homestead Realty of W Michigan

    (616) 889-3819

    51 Total Sales

    John Pols
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21001142

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-401-012

Michigan Kent County Grand Rapids 49503 Madison Area

440 Franklin St SE, Grand Rapids, MI

This home is located at 440 Franklin St SE, Grand Rapids, MI 49507 since 13 January 2021 and is currently estimated at $248,534. This property was built in 1906. 440 Franklin St SE 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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