NOT LISTED FOR SALE

4545 Bowen Blvd SE Grand Rapids, MI 49508

Estimated Value: $533,000 - $616,000

-- Bed
-- Bath
-- Sq Ft
0.75 Acres

Last Sold October 04, 2016

Last sale price $305,000

Est. 89% increase in value since last sale

Current estimated payment $3,517/month

3 Days on Market

Highlights

  • 0.75 Acre Lot
  • Wooded Lot
  • 8 Car Garage
  • East Kentwood High School Rated A-
  • Forced Air Heating and Cooling System
  • High Speed Internet

About This Home

As of October 2016

High end 4 family townhouse on nearly a 1 acre lot. Each unit has 3 bedrooms and 2 baths. All are currently leased with a waiting list. The basement in each is a finished daylight basement. Each unit rents for $950/month plus the tenant pays their own utilities. These could rent for $1050. New roof and garage doors. Private wooded backyard and near a park. These have had the same owner since they were built! You can have a great cash flow right now!

Last Agent to Sell the Property

Barry J. Capel

Five Star Real Estate (Grandv) License #6501182751 Listed on: 07/26/2016

Five Star Real Estate (Grandv)

Last Buyer's Agent

Eric Knoll

Five Star Real Estate (Grandv)

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,275

Year Built

  • Built in 1998

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 100x343
  • Wooded Lot

Parking

  • 8 Car Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Utilities

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

Listing and Financial Details

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

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $2,200
  • Maintenance Expense $500
  • Utility Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,275

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1998
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 100x343
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 4275.0
  • Tax Info:Zoning3: res
  • General Property Info:Total _pound_ Units: 4
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Daylight: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Daylight

Exterior Features

  • List Price: 279900.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 8.0
  • General Property Info:Total Parking Spaces: 8.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.75
  • Lot Size Area: 0.75
  • Lot Size Sq Ft: 32670.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Insurance Expense: 2200.0
  • Maintenance Expense: 500.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4275.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2016
Closed on
Oct 4, 2016
Sold by
Norma Sterk Trust
Bought by
2 Js Enterprises Llc
Seller's Agent
Barry J. Capel
Five Star Real Estate (Grandv)
Buyer's Agent
Eric Knoll
Five Star Real Estate (Grandv)
List Price
$279,900
Sold Price
$305,000
Premium/Discount to List
$25,100
8.97%
Current Estimated Value
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,000
Avg. Annual Appreciation
7.28%
Original Mortgage
$976,000
Outstanding Balance
$781,950
Interest Rate
3.44%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$206,950

Purchase Details

Closed on
May 3, 2013
Sold by
Sterk Stanley J and Sterk Norma L
Bought by
The Norma Sterk Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2002
Sold by
Sterk Norma
Bought by
Norma Sterk Trust
Source: Public Records

Range of Values:

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Average Value
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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
2 Js Enterprises Llc $1,220,000 Startitle Agency Llc
The Norma Sterk Trust -- None Available
Sterk Stanley J -- None Available
Norma Sterk Trust -- --
Sterk Norma -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2 Js Enterprises Llc $976,000
Previous Owner Sterk Stanley J $138,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2016 10/04/16 Sold $305,000 +9.0% --
07/29/2016 07/29/16 Pending -- -- --
07/26/2016 07/26/16 For Sale $279,900 -- --
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 $5,629 $258,800 $0 $0
2024 $5,629 $247,500 $0 $0
2023 $6,938 $271,700 $0 $0
2022 $6,581 $210,500 $0 $0
2021 $6,423 $178,400 $0 $0
2020 $4,059 $171,900 $0 $0
2019 $5,488 $163,600 $0 $0
2018 $5,367 $123,500 $0 $0
2017 $5,237 $93,800 $0 $0
2016 $4,416 $87,700 $0 $0
2015 $4,307 $87,700 $0 $0
2013 -- $77,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Barry J. Capel

    Five Star Real Estate (Grandv)

    (616) 260-5021

    115 Total Sales

    Barry J. Capel
    Section Image

  • E

    Buyer's Agent in 2016

    Eric Knoll

    Five Star Real Estate (Grandv)

    (616) 293-4887

    2 in this area

    127 Total Sales

    Eric Knoll
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16038296

Southwestern Michigan Association of REALTORS®

APN: 41-18-28-129-002

Michigan Kent County Grand Rapids 49508

4545 Bowen Blvd SE, Grand Rapids, MI

This home is located at 4545 Bowen Blvd SE, Grand Rapids, MI 49508 since 26 July 2016 and is currently estimated at $575,000. This property was built in 1998. 4545 Bowen Blvd SE is a home located in Kent County with nearby schools including Bowen Elementary, Crestwood Middle School, and East Kentwood 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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