NOT LISTED FOR SALE

458 Ethel Ave SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $385,558 - $474,000

-- Bed
-- Bath
-- Sq Ft
5,160 Sq Ft Lot

Last Sold May 04, 2020

Last sale price $275,000

Est. 52% increase in value since last sale

Current estimated payment $2,881/month

1 Day on Market

About This Home

As of May 2020

458 Ethel is a well-located, impeccably cared for 2-unit property in Eastown, and is an opportunity for either an owner occupant or an investor. Currently, the lower unit is vacant, and the upper is rented at $1100/mo. The floorplans are largely the same. Each spacious unit has 2 bedrooms and 1 full bath. Utilities are split, and there is a laundry in the basement. Off street parking for 3 cars, and 2 are covered.

At one point this property was owner occupied, and has since had excellent rental history going on 20 years.

WE ARE NOT DOING SHOWINGS UNTIL THE ''STAY AT HOME'' IS LIFTED.

Last Agent to Sell the Property

Michael VanderWoude

Edison Brokers & Co LLC License #6502399417 Listed on: 03/23/2020

Last Buyer's Agent

Ashley Bodell

Bellabay Realty (North) License #6501422110

Bellabay Realty (North)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,727

Year Built

  • Built in 1895

Lot Details

  • 5,160 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,727

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 269000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5160.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2727.41
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2020
Closed on
May 4, 2020
Sold by
Kreder Bradley J
Bought by
Tutley Raymond and Tutley Marybeth
Seller's Agent
Michael VanderWoude
Edison Brokers & Co LLC
Buyer's Agent
Ashley Bodell
Bellabay Realty (North)
List Price
$269,000
Sold Price
$275,000
Premium/Discount to List
$6,000
2.23%
Current Estimated Value
$417,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,140
Avg. Annual Appreciation
7.47%
Original Mortgage
$270,019
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 8, 2000
Bought by
Kreider Kreider B and Kreider Bradley J

Purchase Details

Closed on
Dec 1, 1994
Sold by
Bose Bose K K and Bose Moore S
Bought by
Kreider Bradley J

Purchase Details

Closed on
Nov 8, 1990
Sold by
Bos Trust K and Bos K
Bought by
Kreider Bradley J

Purchase Details

Closed on
Nov 7, 1990
Bought by
Kreider Bradley J

Purchase Details

Closed on
May 16, 1986
Bought by
Kreider Bradley J

Purchase Details

Closed on
Dec 1, 1984
Bought by
Kreider Bradley J
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
Tutley Raymond $275,000 Sun Title Agency Of Mi Llc
Kreider Kreider B $83,000 --
Kreider Bradley J $31,000 --
Kreider Bradley J -- --
Kreider Bradley J -- --
Kreider Bradley J $9,000 --
Kreider Bradley J $31,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tuley Raymond $272,000
Closed Tutley Raymond $270,019
Previous Owner Kreider Bradley J $59,000
Previous Owner Kreider Bradley Jon $18,000
Previous Owner Kreider Bradley Jon $86,000
Previous Owner Kreider Bradley J $78,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2020 05/04/20 Sold $275,000 +2.2% --
03/24/2020 03/24/20 Pending -- -- --
03/23/2020 03/23/20 For Sale $269,000 -- --
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 $7,290 $189,200 $0 $0
2024 $7,290 $172,500 $0 $0
2023 $5,966 $144,500 $0 $0
2022 $5,668 $135,100 $0 $0
2021 $6,736 $128,300 $0 $0
2020 $2,664 $122,200 $0 $0
2019 $2,727 $106,600 $0 $0
2018 $2,644 $97,100 $0 $0
2017 $2,579 $72,200 $0 $0
2016 $2,592 $66,700 $0 $0
2015 $2,470 $66,700 $0 $0
2013 -- $55,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael VanderWoude

    Seller's Agent in 2020

    Michael VanderWoude

    Edison Brokers & Co LLC

    (616) 914-1556

    48 Total Sales

    Michael VanderWoude
    Section Image
  • Ashley Bodell

    Buyer's Agent in 2020

    Ashley Bodell

    Bellabay Realty (North)

    (616) 965-5789

    87 Total Sales

    Ashley Bodell
    Section Image
  • Bryant Mitchell

    Buyer Co-Listing Agent in 2020

    Bryant Mitchell

    Bellabay Realty (Kentwood)

    (616) 292-6477

    80 Total Sales

    Bryant Mitchell
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20011225

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-228-014

Michigan Kent County Grand Rapids 49506 Eastown

458 Ethel Ave SE, Grand Rapids, MI

This home is located at 458 Ethel Ave SE, Grand Rapids, MI 49506 since 23 March 2020 and is currently estimated at $417,140. This property was built in 1895. 458 Ethel 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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