NOT LISTED FOR SALE

511 Woodlawn St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $202,000 - $317,838

4 Beds
2 Baths
-- Sq Ft
4,879 Sq Ft Lot

Last Sold April 24, 2021

Last sale price $230,000

Est. 22% increase in value since last sale

Current estimated payment $1,836/month

30 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 5-minute walk to Alexander Park

About This Home

As of April 2021

Welcome to 511 Woodlawn Street SE where all the work has been done for you. Whether you are an owner occupant, brand new landlord or seasoned investor, this property will give you a chance to focus on cash flow instead of repairs. This multi-family home is located minutes from downtown Grand Rapids in the Madison Area neighborhood. This property has been completely renovated and is ready to be rented. Updates include, new roof, attic insulation, plumbing, electrical, light fixtures, siding, kitchen cabinets/countertops/flooring, exterior doors, stainless steel appliances, refinished hardwood floors, updated bathrooms, freshly painted, and the list goes on. Do not miss this awesome opportunity to break into the Grand Rapids rental market with this turn key duplex!

Last Agent to Sell the Property

frank boenzi

Bellabay Realty (SW) License #6501396924 Listed on: 03/18/2021

Bellabay Realty (SW)

Last Buyer's Agent

Darryl Matthews, Jr

Keller Williams GR East License #6506047703

Keller Williams GR East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,472

Year Built

  • Built in 1925

Lot Details

  • 4,879 Sq Ft Lot
  • Lot Dimensions are 40'x122'

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,472

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1925
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40'x122'
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2471.67
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 230000.0
  • Lot Features: Sidewalk
  • 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: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 40'x122'
  • Lot Size Sq Ft: 4879.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2471.67
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
Apr 23, 2021
Sold by
Tarkowski Christopher J
Bought by
Lunoe Christian
Seller's Agent
frank boenzi
Bellabay Realty (SW)
Buyer's Agent
Darryl Matthews, Jr
Keller Williams GR East
Sold Price
$230,000
Total Days on Market
30
Current Estimated Value
$280,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,210
Avg. Annual Appreciation
2.86%
Original Mortgage
$172,500
Outstanding Balance
$157,321
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$102,487

Purchase Details

Listed on
Mar 4, 2020
Closed on
Aug 17, 2020
Sold by
Lady Afreeka
Bought by
Tarkowski Christopher J
Seller's Agent
Arlene Brandt
Greenridge Realty (West)
Buyer's Agent
frank boenzi
Bellabay Realty (SW)
List Price
$129,900
Sold Price
$90,000
Premium/Discount to List
-$39,900
-30.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
282.05%

Purchase Details

Listed on
Mar 4, 2020
Closed on
Aug 11, 2020
Sold by
Afreeka Lady and Ayuk Iman E
Bought by
Tarkowski Christopher J
Seller's Agent
Arlene Brandt
Greenridge Realty (West)
Buyer's Agent
frank boenzi
Bellabay Realty (SW)
List Price
$129,900
Sold Price
$90,000
Premium/Discount to List
-$39,900
-30.72%

Purchase Details

Closed on
Feb 5, 2019
Sold by
Burrell Frank W
Bought by
Floyd Babette

Purchase Details

Closed on
Apr 5, 2018
Sold by
Claybrook Adella B
Bought by
Ayuk Iman E and Burrell Frank W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.4%
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
Lunoe Christian $230,000 First American Title Ins Co
Tarkowski Christopher J $90,000 Chicago Title
Tarkowski Christopher J $90,000 Chicago Title Of Mi Inc
Floyd Babette -- None Available
Ayuk Iman E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lunoe Christian $172,500
Previous Owner Ayuk Iman E --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2021 04/24/21 Sold $230,000 0.0% --
03/22/2021 03/22/21 Pending -- -- --
03/18/2021 03/18/21 For Sale -- -- --
02/23/2021 02/23/21 Pending -- -- --
02/20/2021 02/20/21 For Sale $230,000 +155.6% --
08/11/2020 08/11/20 Sold $90,000 -30.7% --
07/09/2020 07/09/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $129,900 -- --
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 $3,713 $106,500 $0 $0
2024 $3,713 $98,800 $0 $0
2023 $3,549 $81,200 $0 $0
2022 $3,500 $67,500 $0 $0
2021 $3,189 $61,100 $0 $0
2020 $2,355 $52,200 $0 $0
2019 $2,359 $44,200 $0 $0
2018 $1,303 $36,800 $0 $0
2017 $1,271 $32,300 $0 $0
2016 $2,370 $28,600 $0 $0
2015 $1,217 $28,600 $0 $0
2013 -- $28,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • f

    Seller's Agent in 2021

    frank boenzi

    Bellabay Realty (SW)

    (312) 554-8741

    8 in this area

    84 Total Sales

    Section Image
  • Darryl Matthews, Jr

    Buyer's Agent in 2021

    Darryl Matthews, Jr

    Keller Williams GR East

    (616) 881-9047

    6 in this area

    235 Total Sales

    Section Image
  • Lucas Howard

    Buyer Co-Listing Agent in 2021

    Lucas Howard

    Keller Williams GR East

    (616) 893-6478

    7 in this area

    1,246 Total Sales

    Section Image
  • Arlene Brandt

    Seller's Agent in 2020

    Arlene Brandt

    Greenridge Realty (West)

    (616) 485-5279

    7 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21005177

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-454-018

Michigan Kent County Grand Rapids 49507 Madison Area

511 Woodlawn St SE, Grand Rapids, MI

This home is located at 511 Woodlawn St SE, Grand Rapids, MI 49507 since 18 March 2021 and is currently estimated at $280,210. This property was built in 1925. 511 Woodlawn St 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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