NOT LISTED FOR SALE

5150 Kimball Ave SE Grand Rapids, MI 49508

Mapleview Neighborhood

Estimated Value: $318,000 - $342,000

4 Beds
2 Baths
-- Sq Ft
0.25 Acres

Last Sold August 03, 2016

Last sale price $133,800

Est. 145% increase in value since last sale

Current estimated payment $2,018/month

6 Days on Market

Highlights

  • Forced Air Heating System
  • East Kentwood High School Rated A-
  • Wood Siding

About This Home

As of August 2016

This is a perfect investment property with long term tenants paying close to market rents, both furnaces were replaced in 2014, water heaters in 2013 and architectural shingles were new in 2010. Each side has a slider on the walkout level, their own laundry hookups and storage, plus their own private driveway. Tenants are the key and you can converse with both of these, they take care of their places, help with watering the lawn and a pleasure to work with. For that reason we are initially scheduling showings around their schedule and the first chance to walk through this is Wed. July 6 at 2:00.

Last Agent to Sell the Property

Dan Otten

Five Star Real Estate (M6) License #6502120467 Listed on: 07/05/2016

Five Star Real Estate (M6)

Last Buyer's Agent

Nathan Coffman

RE/MAX of Grand Rapids (FH)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,736

Year Built

  • Built in 1965

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 80x136

Parking

  • 6 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Basement

  • Walk-Out Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Cable TV Available

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

$2,736

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1965
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 80x136
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2735.72
  • Tax Info:Zoning3: R2
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Walk Out: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Walk Out

Exterior Features

  • Construction Materials: Wood Siding, Brick
  • List Price: 139900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.25
  • Lot Size Area: 0.25
  • Lot Size Sq Ft: 10890.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2735.72
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2016
Closed on
Aug 3, 2016
Sold by
Mathews Larry A and Mathews Leslie A
Bought by
Outline Development Llc
Seller's Agent
Dan Otten
Five Star Real Estate (M6)
Buyer's Agent
Nathan Coffman
RE/MAX of Grand Rapids (FH)
List Price
$139,900
Sold Price
$133,800
Premium/Discount to List
-$6,100
-4.36%
Current Estimated Value
$327,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,445
Avg. Annual Appreciation
10.26%
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
Outline Development Llc $133,800 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2016 08/03/16 Sold $133,800 -4.4% --
07/11/2016 07/11/16 Pending -- -- --
07/05/2016 07/05/16 For Sale $139,900 -- --
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 $3,397 $131,300 $0 $0
2024 $3,397 $83,800 $0 $0
2023 $4,186 $83,800 $0 $0
2022 $3,971 $83,800 $0 $0
2021 $3,876 $76,800 $0 $0
2020 $2,792 $76,800 $0 $0
2019 $3,693 $73,000 $0 $0
2018 $3,693 $65,400 $0 $0
2017 $3,679 $58,500 $0 $0
2016 $2,649 $51,600 $0 $0
2015 $2,736 $51,600 $0 $0
2013 -- $46,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Dan Otten

    Five Star Real Estate (M6)

    (616) 257-9500

    1 in this area

    86 Total Sales

    Dan Otten
    Section Image

  • N

    Buyer's Agent in 2016

    Nathan Coffman

    RE/MAX Michigan

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16034169

Southwestern Michigan Association of REALTORS®

APN: 41-18-29-454-028

Michigan Kent County Grand Rapids 49508 Mapleview

5150 Kimball Ave SE, Grand Rapids, MI

This home is located at 5150 Kimball Ave SE, Grand Rapids, MI 49508 since 05 July 2016 and is currently estimated at $327,245. This property was built in 1965. 5150 Kimball Ave SE is a home located in Kent County with nearby schools including Bowen Elementary, Valleywood Middle School, and East Kentwood 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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