NOT LISTED FOR SALE

Estimated Value: $460,000 - $637,000

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold April 23, 2014

Last sale price $200,000

Est. 166% increase in value since last sale

Current estimated payment $3,372/month

62 Days on Market

About This Home

As of April 2014

Location, location, location. Looking for a solid easy to rent investment in a great Grand Rapids neighborhood or possibly looking to renovate an older home with a one of a kind location. This home overlooks the city of Grand Rapids and is part of the exploding Belknap Park neighborhood. Literally a few minutes walk to most downtown destinations. Investors you'll never have problems finding tenants for this property. Homeowners you'll be hard pressed to find a better place to live if you want to be downtown and yet have all the neighborhood amenities.

Last Listed By

Eric Elliott

@Home Realty LLC License #6506045606 Listed on: 01/25/2014

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,500

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 209900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected, Broadband

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6098.0

Rental Info

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

Tax Info

  • Tax Annual Amount: 3500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2014
Closed on
Apr 23, 2014
Sold by
Malik Ghulam M and Malik Kausar S
Bought by
47 Hastings Ne Llc
Seller's Agent
Eric Elliott
@Home Realty LLC
Buyer's Agent
Randy Charboneau
Independence Realty (RSC)
List Price
$209,900
Sold Price
$200,000
Premium/Discount to List
-$9,900
-4.72%
Total Days on Market
62
Current Estimated Value
$532,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,692
Avg. Annual Appreciation
9.23%

Purchase Details

Closed on
Jul 20, 2007
Sold by
Deklyen Nicholas James and Deklyen Carrie
Bought by
Wisniewski Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2007
Sold by
Deklyen Nicholas J and Deklyen Nicholas James
Bought by
Us Bank Na and Structured Asset Investment Loan Trust 2

Purchase Details

Closed on
Jul 27, 2005
Sold by
Maxin Fritz O and Nebbeling Rhonda A
Bought by
Deklyen Nicholas James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.7%
Mortgage Type
Fannie Mae Freddie Mac

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
47 Hastings Ne Llc -- None Available
Malik Ghulam M -- None Available
Wisniewski Investments Llc $140,145 Priority Title Agency Inc
Us Bank Na $126,000 None Available
Deklyen Nicholas James $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wisniewski Investments Llc $123,000
Previous Owner Deklyen Nicholas James $152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2014 04/23/14 Sold $200,000 -4.7% --
03/28/2014 03/28/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $209,900 -- --
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
2024 $4,696 $185,200 $0 $0
2023 $4,658 $174,700 $0 $0
2022 $4,427 $158,200 $0 $0
2021 $4,313 $141,700 $0 $0
2020 $4,169 $125,500 $0 $0
2019 $4,268 $113,400 $0 $0
2018 $4,138 $101,300 $0 $0
2017 $4,037 $89,500 $0 $0
2016 $4,056 $75,600 $0 $0
2015 $3,865 $75,600 $0 $0
2013 -- $56,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14004447

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-353-008