NOT LISTED FOR SALE

445 Norwood Ave SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $524,000 - $569,000

-- Bed
1 Bath
-- Sq Ft
0.25 Acres

Last Sold April 26, 2019

Last sale price $304,500

Est. 81% increase in value since last sale

Current estimated payment $3,669/month

5 Days on Market

Highlights

  • 0.25 Acre Lot
  • Forced Air Heating and Cooling System
  • High Speed Internet

About This Home

As of April 2019

Eastown, Michigan. This gorgeous Eastown duplex is perfectly suited for an owner occupant who'd like to have a tenant or friend pay the mortgage. Large rooms, tall ceilings both floors, over-construction, old hardwood and trim are some treasured relics of the Victorian era. The home could not be located any better, just off of the Eastown strip but protected from noise and traffic in a neighborhood setting. This spot has a nice large yard, 3-stall garage and huge front & rear porches that are tough to replicate. Additional 3-season private porches for each unit. Home has two new central air units and two new furnaces. Want to tell a builder a joke? Ask them to rebuild this in 2019 for 300k.

Last Agent to Sell the Property

Peter Bruinsma

Grand River Realty License #6502402583 Listed on: 03/20/2019

Last Buyer's Agent

Lauren Karsten

Five Star Real Estate (Ada) License #6501375963

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,586

Year Built

  • Built in 1905

Lot Details

  • 0.25 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Utilities

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

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,586

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 299900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Sq Ft: 11010.0
  • Zoning Description: RMET2_RES MULTI
  • 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: 4586.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2019
Closed on
Apr 26, 2019
Sold by
Arc Midwest Llc
Bought by
Lalone Christopher
Seller's Agent
Peter Bruinsma
Grand River Realty
Buyer's Agent
Lauren Karsten
Five Star Real Estate (Ada)
List Price
$299,900
Sold Price
$304,500
Premium/Discount to List
$4,600
1.53%
Current Estimated Value
$550,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$246,430
Avg. Annual Appreciation
9.95%
Original Mortgage
$243,600
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2014
Sold by
Faye John P
Bought by
Arc Midwest Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.11%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 1996
Sold by
Faye Faye C C and Faye Ii J
Bought by
Faye Ii Faye J and Faye John P Ii John P

Purchase Details

Closed on
Mar 27, 1991
Sold by
Faye Faye J J and Faye Ii J
Bought by
Faye John P Ii John P

Purchase Details

Closed on
Dec 30, 1988
Bought by
Faye John P Ii John P

Purchase Details

Closed on
Nov 28, 1984
Bought by
Faye John P Ii John P
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
Lalone Christopher $304,500 None Available
Arc Midwest Llc $176,000 Chicago Title
Faye Ii Faye J -- --
Faye John P Ii John P -- --
Faye John P Ii John P $62,000 --
Faye John P Ii John P $45,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lalone Christopher R $246,000
Closed Lalone Christopher $243,600
Previous Owner Arc Midwest Llc $200,000
Previous Owner Faye Ii John P $110,000
Previous Owner Faye Ii John P $12,000
Previous Owner Faye Ii John P $88,000
Previous Owner Faye Ii John P $84,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2019 04/26/19 Sold $304,500 +1.5% --
03/25/2019 03/25/19 Pending -- -- --
03/20/2019 03/20/19 For Sale $299,900 -- --
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 $7,998 $271,500 $0 $0
2024 $7,998 $244,400 $0 $0
2023 $7,650 $203,000 $0 $0
2022 $7,489 $182,300 $0 $0
2021 $7,307 $172,500 $0 $0
2020 $7,264 $167,200 $0 $0
2019 $4,251 $145,200 $0 $0
2018 $4,967 $132,700 $0 $0
2017 $4,699 $97,200 $0 $0
2016 $4,722 $88,000 $0 $0
2015 $4,499 $88,000 $0 $0
2013 -- $70,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peter Bruinsma

    Seller's Agent in 2019

    Peter Bruinsma

    Grand River Realty

    (616) 293-5731

    6 in this area

    191 Total Sales

    Peter Bruinsma
    Section Image

  • L

    Buyer's Agent in 2019

    Lauren Karsten

    Five Star Real Estate (Ada)

    (616) 690-8355

    92 Total Sales

    Lauren Karsten
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19010117

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-228-019

Michigan Kent County Grand Rapids 49506 Eastown

445 Norwood Ave SE, Grand Rapids, MI

This home is located at 445 Norwood Ave SE, Grand Rapids, MI 49506 since 20 March 2019 and is currently estimated at $550,930. This property was built in 1905. 445 Norwood Ave SE is a home located in Kent County with nearby schools including Campus Elementary School, 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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