$155,000
SOLD JUN 29, 2018

537 Eastern Ave NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood
-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

9% Below List Price

25 Days on Market

About This Home

As of July 2020

INVESTMENT PROPERTY. This two unit home is located just minutes from the Medical Mile and Downtown Grand Rapids. Each unit has two bedrooms, large full bath, dining/kitchen combination and living room. Lower level unit has a front porch and the upper level has an outside walkout landing. Both units share a laundry in the basement and a shared carport for parking vehicles.

Last Agent to Sell the Property

Ryan Kruithoff

West Edge Real Estate License #6501309062 Listed on: 04/27/2018

West Edge Real Estate

Co-Listed By

Paul Dunham

West Edge Real Estate

Last Buyer's Agent

Brooke Finlan

Five Star Real Estate (M6) License #6506048662

Five Star Real Estate (M6)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,467

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 132

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Carport

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,467

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50 x 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2467.0
  • 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
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 164900.0
  • 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
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Extras:Carports: Yes

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2467.0
  • Tax Year: 2017

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%
Current Estimated Value
$333,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,370
Avg. Annual Appreciation
6.84%
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 Type Sale Price Title Company
Warranty Deed $230,000 Varner Alex
Warranty Deed $230,000 Next Door Title Agency Llc
Warranty Deed $155,000 Chicago Title Of Michigan In
Personal Reps Deed $54,000 Chicago Title
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $172,500 New Conventional
Closed $172,500 New Conventional
Previous Owner $152,192 FHA
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
2025 $5,858 $144,200 $0 $0
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

    135 Total Sales

    Lisa Thomas
    Section Image
  • Jamie Rodriguez

    Buyer's Agent in 2020

    Jamie Rodriguez

    Five Star Real Estate (Main)

    (616) 516-1035

    1 in this area

    331 Total Sales

    Jamie Rodriguez
    Section Image

  • R

    Seller's Agent in 2018

    Ryan Kruithoff

    West Edge Real Estate

    (616) 325-0749

    76 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

    6 in this area

    134 Total Sales

    Brooke Finlan
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17035310

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 and is currently priced at $155,000. 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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