NOT LISTED FOR SALE

48 Auburn Ave SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $339,000 - $452,000

-- Bed
-- Bath
-- Sq Ft
4,791 Sq Ft Lot

Last Sold October 25, 2016

Last sale price $196,000

Est. 106% increase in value since last sale

Current estimated payment $2,541/month

3 Days on Market

About This Home

As of October 2016

Great opportunity to live in and own an investment property right in the heart of Grand Rapids. Charm and character abound in this 2 unit home on desirable Auburn Ave with walking distance to dining, shopping, night life, the farmers market and more.
Beautiful hardwood floors, stained glass windows, wood burning fireplace, spacious rooms and french doors get the list started. The lower unoccupied unit offers access and storage to the basement and laundry and fully fenced back yard with four season porch.
Off street parking and 2 stall garage.

Last Agent to Sell the Property

Amy Vissman

Keller Williams GR East Listed on: 08/26/2016

Keller Williams GR East

Co-Listed By

Douglas Vissman

Keller Williams GR East

Last Buyer's Agent

Nicole Duda

Childress & Associates Realty License #6501381563

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,730

Year Built

  • Built in 1930

Lot Details

  • 4,791 Sq Ft Lot
  • Lot Dimensions are 45x105

Parking

  • 2 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,730

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1930
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 45x105
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2729.75
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 199000.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4791.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2729.75
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2016
Closed on
Oct 25, 2016
Sold by
Moran Gregory C and Moran Karen R
Bought by
Duda Nicole and Duda Denise
Seller's Agent
Amy Vissman
Keller Williams GR East
Buyer's Agent
Nicole Duda
Childress & Associates Realty
List Price
$199,000
Sold Price
$196,000
Premium/Discount to List
-$3,000
-1.51%
Current Estimated Value
$403,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,359
Avg. Annual Appreciation
7.70%
Original Mortgage
$156,800
Outstanding Balance
$127,125
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$253,101

Purchase Details

Closed on
Dec 16, 1992
Sold by
Penninga Penninga R R and Penninga Moran G
Bought by
Moran Gregory C Karen R
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
Duda Nicole $196,000 Grand Rapids Title Co Llc
Moran Gregory C Karen R $67,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duda Nicole $156,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2016 10/25/16 Sold $196,000 -1.5% --
08/29/2016 08/29/16 Pending -- -- --
08/26/2016 08/26/16 For Sale $199,000 -- --
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 $4,830 $186,800 $0 $0
2024 $4,830 $169,100 $0 $0
2023 $4,617 $140,900 $0 $0
2022 $3,755 $128,900 $0 $0
2021 $3,664 $121,400 $0 $0
2020 $3,526 $114,400 $0 $0
2019 $3,643 $102,600 $0 $0
2018 $3,526 $93,300 $0 $0
2017 $3,437 $69,700 $0 $0
2016 $2,825 $61,500 $0 $0
2015 $2,691 $61,500 $0 $0
2013 -- $51,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Vissman

    Seller's Agent in 2016

    Amy Vissman

    Keller Williams GR East

    (616) 540-0426

    138 Total Sales

    Amy Vissman
    Section Image

  • D

    Seller Co-Listing Agent in 2016

    Douglas Vissman

    Keller Williams GR East

    (616) 901-4104

    85 Total Sales

    Douglas Vissman
    Section Image

  • N

    Buyer's Agent in 2016

    Nicole Duda

    Childress & Associates Realty

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16044655

Southwestern Michigan Association of REALTORS®

APN: 41-14-29-402-008

Michigan Kent County Grand Rapids 49506 Eastown

48 Auburn Ave SE, Grand Rapids, MI

This home is located at 48 Auburn Ave SE, Grand Rapids, MI 49506 since 26 August 2016 and is currently estimated at $403,359. This property was built in 1930. 48 Auburn Ave SE is a home located in Kent County with nearby schools including Congress Elementary, 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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