NOT LISTED FOR SALE

469 Crescent St NE Grand Rapids, MI 49503

Downtown Grand Rapids Neighborhood

Estimated Value: $564,000 - $595,000

7 Beds
4 Baths
-- Sq Ft
7,754 Sq Ft Lot

Last Sold October 19, 2023

Last sale price $540,000

Est. 7% increase in value since last sale

Current estimated payment $3,776/month

9 Days on Market

Highlights

  • 1 Fireplace
  • Level Lot
  • Wood Siding
  • Forced Air Heating System

About This Home

As of October 2023

Welcome to a fantastic opportunity in the heart of Heritage Hill, one of Grand Rapids' most sought-after neighborhoods. This multi-family property at 469 Crescent Street offers four units, two currently occupied and two that are move in ready. Three of the units have two bedrooms and one bath and the fourth unit is a spacious one bedroom and one bath. The location is unbeatable, with easy access to hospitals, downtown, parks, restaurants, and entertainment options. The market rent for this property is around $5800 a month, making it an excellent investment opportunity. Don't miss out on this chance to own an income-producing property!

Last Agent to Sell the Property

Connor Anderson

MOXIE Real Estate + Development License #6506049133 Listed on: 09/12/2023

Last Buyer's Agent

Olvi Tole

Fathom Realty MI LLC License #6501443472

Fathom Realty MI LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,278

Year Built

  • Built in 1875

Lot Details

  • 7,754 Sq Ft Lot
  • Lot Dimensions are 56.02 x 98.75
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 2 Parking Spaces
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,278

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1875
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 56.02 X 98.75
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 7278.0
  • Tax Info:Zoning3: RESIDENTIAL-IMP
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Michigan Basement: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 560000.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size Area: 0.18
  • Lot Dimensions: 56.02 X 98.75
  • Lot Size Sq Ft: 7754.0
  • Zoning Description: RESIDENTIAL-IMP
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 7278.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2023
Closed on
Oct 19, 2023
Sold by
Grb Properties Llc
Bought by
Tole Olvi
Seller's Agent
Connor Anderson
MOXIE Real Estate + Development
Buyer's Agent
Olvi Tole
Fathom Realty MI LLC
List Price
$560,000
Sold Price
$540,000
Premium/Discount to List
-$20,000
-3.57%
Views
4
Current Estimated Value
$578,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,290
Avg. Annual Appreciation
3.43%
Original Mortgage
$405,000
Outstanding Balance
$372,513
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$205,777

Purchase Details

Closed on
Mar 7, 2017
Sold by
Duprey Property Management Llc
Bought by
Grb Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,276
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 29, 2010
Sold by
Duprey Jeremy
Bought by
Duprey Property Management Llc

Purchase Details

Closed on
Oct 2, 2009
Sold by
Secretary Of Veterans Affairs
Bought by
Duprey Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2008
Sold by
Wells Fargo Bank Na
Bought by
Department Of Veterans Affairs

Purchase Details

Closed on
Dec 3, 2008
Sold by
Kelsh Daniel P
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Oct 17, 1983

Purchase Details

Closed on
Sep 29, 1983
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
Tole Olvi $540,000 Bell Title
Grb Properties Llc -- None Available
Duprey Property Management Llc -- None Available
Duprey Jeremy $71,000 Progressive Title
Department Of Veterans Affairs -- None Available
Wells Fargo Bank Na $91,215 None Available
-- $16,000 --
-- $22,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tole Olvi $405,000
Previous Owner Grb Properties Llc $105,276
Previous Owner Duprey Jeremy $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2023 10/19/23 Sold $540,000 -3.6% --
09/21/2023 09/21/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $560,000 -- --
Source: MichRIC

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 $8,825 $215,200 $0 $0
2024 $8,825 $198,600 $0 $0
2023 $7,658 $171,100 $0 $0
2022 $7,278 $153,800 $0 $0
2021 $7,091 $169,200 $0 $0
2020 $6,854 $149,100 $0 $0
2019 $7,017 $131,500 $0 $0
2018 $7,204 $136,000 $0 $0
2017 $4,622 $112,100 $0 $0
2016 $4,645 $96,300 $0 $0
2015 $4,425 $96,300 $0 $0
2013 -- $88,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Connor Anderson

    Seller's Agent in 2023

    Connor Anderson

    MOXIE Real Estate + Development

    (616) 648-6353

    1 in this area

    133 Total Sales

    Connor Anderson
    Section Image

  • O

    Buyer's Agent in 2023

    Olvi Tole

    Fathom Realty MI LLC

    (616) 328-4740

    2 in this area

    9 Total Sales

    Olvi Tole
    Section Image
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Map

Source: MichRIC

MLS Number: 23133636

MichRIC

APN: 41-14-30-201-014

Michigan Kent County Grand Rapids 49503 Downtown Grand Rapids

469 Crescent St NE, Grand Rapids, MI

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