NOT LISTED FOR SALE

537 Eastern Ave NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $308,000 - $333,000

-- Bed
-- Bath
-- Sq Ft
6,400 Sq Ft Lot

Last Sold July 23, 2020

Last sale price $230,000

Est. 40% increase in value since last sale

Current estimated payment $2,301/month

10 Days on Market

About This Home

As of July 2020

SHOWING UPDATE SHOWINGS to be MWF 10:30 pm-12:30 pm Welcome to this 2 bedroom 1 bathroom spacious 2-unit located in the highly desirable Midtown neighborhood with covered parking. Main floor unit has been nicely updated. Updates include fresh paint addition of an in unit laundry room and new bathroom. Unit 2 has a private rear entrance with the same floor plan that includes an extremely large bathroom that could easily have in unit laundry added. Both units have an oversized front porch to enjoy those mild evenings after the spring/summer storms roll through. Tenant occupied due to Governor restrictions no showings allowed at this time.

Last Agent to Sell the Property

Lisa Thomas

Polaris Real Estate LLC License #6501400248 Listed on: 05/29/2020

Last Buyer's Agent

Jamie Rodriguez

Five Star Real Estate (Main) License #6506047816

Five Star Real Estate (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,000

Year Built

  • Built in 1900

Lot Details

  • 6,400 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,000

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 229900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6400.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5000.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2020
Closed on
Aug 7, 2020
Sold by
Alex Varner
Bought by
Krecht Robert S
Seller's Agent
Lisa Thomas
Polaris Real Estate LLC
Buyer's Agent
Jamie Rodriguez
Five Star Real Estate (Main)
List Price
$229,900
Sold Price
$230,000
Premium/Discount to List
$100
0.04%
Total Days on Market
10
Current Estimated Value
$322,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,997
Avg. Annual Appreciation
7.55%
Original Mortgage
$172,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 29, 2020
Closed on
Jul 23, 2020
Sold by
Varner Alex
Bought by
Krecht Robert S
Seller's Agent
Lisa Thomas
Polaris Real Estate LLC
Buyer's Agent
Jamie Rodriguez
Five Star Real Estate (Main)
List Price
$229,900
Sold Price
$230,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 27, 2018
Closed on
Jun 29, 2018
Sold by
Reszetar Nicholaus and Reszetar Sandra
Bought by
Varner Alex
Seller's Agent
Ryan Kruithoff
West Edge Real Estate
Buyer's Agent
Brooke Finlan
Five Star Real Estate (M6)
List Price
$169,900
Sold Price
$155,000
Premium/Discount to List
-$14,900
-8.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.00%
Original Mortgage
$152,192
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 17, 2009
Sold by
Turner Rosann and Estate Of Mary Lucy Lenhart
Bought by
Reszetar Nicholaus and Reszetar Sandra

Purchase Details

Closed on
Apr 27, 1988
Sold by
Lenhart Henry I
Bought by
Reszetar Nicholaus Sandra
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
Krecht Robert S $230,000 Varner Alex
Krecht Robert S $230,000 Next Door Title Agency Llc
Varner Alex $155,000 Chicago Title Of Michigan In
Reszetar Nicholaus $54,000 Chicago Title
Reszetar Nicholaus Sandra -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Krecht Robert S $172,500
Closed Krecht Robert S $172,500
Previous Owner Varner Alex $152,192
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2020 07/23/20 Sold $230,000 0.0% --
06/08/2020 06/08/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $229,900 +48.3% --
06/29/2018 06/29/18 Sold $155,000 -8.8% --
05/22/2018 05/22/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $169,900 -- --
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 $5,858 $136,700 $0 $0
2023 $5,811 $126,700 $0 $0
2022 $5,522 $114,900 $0 $0
2021 $5,381 $103,100 $0 $0
2020 $4,248 $90,400 $0 $0
2019 $3,608 $81,500 $0 $0
2018 $2,446 $78,100 $0 $0
2017 $2,386 $69,100 $0 $0
2016 $2,398 $57,300 $0 $0
2015 $2,285 $57,300 $0 $0
2013 -- $43,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Thomas

    Seller's Agent in 2020

    Lisa Thomas

    Polaris Real Estate LLC

    (616) 433-5551

    1 in this area

    140 Total Sales

    Lisa Thomas
    Section Image
  • Jamie Rodriguez

    Buyer's Agent in 2020

    Jamie Rodriguez

    Five Star Real Estate (Main)

    (616) 516-1035

    2 in this area

    327 Total Sales

    Jamie Rodriguez
    Section Image

  • R

    Seller's Agent in 2018

    Ryan Kruithoff

    West Edge Real Estate

    (616) 325-0749

    81 Total Sales

    Ryan Kruithoff
    Section Image

  • P

    Seller Co-Listing Agent in 2018

    Paul Dunham

    West Edge Real Estate

  • Brooke Finlan

    Buyer's Agent in 2018

    Brooke Finlan

    Five Star Real Estate (M6)

    (616) 433-5949

    8 in this area

    139 Total Sales

    Brooke Finlan
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20019092

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-478-013

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

537 Eastern Ave NE, Grand Rapids, MI

This home is located at 537 Eastern Ave NE, Grand Rapids, MI 49503 since 29 May 2020 and is currently estimated at $322,997. This property was built in 1900. 537 Eastern Ave NE is a home located in Kent County with nearby schools including Coit Creative Arts Academy, Riverside Middle School, and Union 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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