NOT LISTED FOR SALE

538 Highland St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $191,000 - $236,000

5 Beds
3 Baths
-- Sq Ft
4,880 Sq Ft Lot

Last Sold October 26, 2018

Last sale price $150,000

Est. 41% increase in value since last sale

Current estimated payment $1,412/month

92 Days on Market

About This Home

As of October 2018

3 Unit cash flowing investment opportunity in Grand Rapids! Total rent is $1835. Property went through Lead Safeprogram - new windows, roof and doors. Seller is licensed realtor in the state of Michigan. Home is being sold AS IS. Tenant rights apply.

Last Agent to Sell the Property

Stacey Veeder

Bellabay Realty LLC Listed on: 07/19/2018

Co-Listed By

Brent Fisher

Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)

Last Buyer's Agent

Evan Beach

Key Realty License #6501401942

Key Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,405

Year Built

  • Built in 1900

Lot Details

  • 4,880

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof

Utilities

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

Additional Features

  • Michigan Basement
  • 4,880 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,405

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

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 149900.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4880.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1404.87
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 23, 2021
Sold by
Rangel Rentals Llc
Bought by
Rangel Property Rentals Llc
Current Estimated Value
$211,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,792
Outstanding Balance
$29,509
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$182,313

Purchase Details

Closed on
Aug 17, 2021
Sold by
Quest Trust Company
Bought by
Rangel Property Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,792
Outstanding Balance
$29,509
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$182,313

Purchase Details

Closed on
May 27, 2017
Sold by
Equity Trust Company
Bought by
Quest Ira Inc

Purchase Details

Closed on
Feb 13, 2006
Sold by
Herrema Justin and Herrema Dawn
Bought by
Equity Trust Co and Heidi Phillips 57865 Ira

Purchase Details

Closed on
Sep 28, 2005
Sold by
Towne Mortgage Co
Bought by
Hud

Purchase Details

Closed on
Mar 2, 2005
Sold by
Dejesus Juan F
Bought by
Towne Mortgage Co

Purchase Details

Closed on
Dec 3, 2002
Sold by
Vazquez Jose Miguel and Vazquez Josephine
Bought by
Dejesus Juan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,411
Interest Rate
6.23%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 14, 2001
Sold by
Rosales Richard R
Bought by
Vazquez Jose Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,200
Interest Rate
7.1%

Purchase Details

Closed on
Oct 8, 1997
Sold by
Rosales Rosales L L and Rosales R
Bought by
Phillips Rosales R and Phillips Heidi David

Purchase Details

Closed on
Nov 1, 1995
Sold by
Sellers Sellers M M and Sellers Rosales R
Bought by
Phillips Rosales R and Phillips Heidi David

Purchase Details

Closed on
Oct 31, 1995
Bought by
Phillips Sellers M and Phillips Heidi David

Purchase Details

Closed on
Aug 30, 1995
Bought by
Phillips Sellers M and Phillips Heidi David

Purchase Details

Closed on
Oct 5, 1993

Purchase Details

Closed on
Nov 19, 1991
Sold by
Sellers Sellers M M and Sellers Weiss D
Bought by
Phillips Heidi David

Purchase Details

Closed on
Nov 18, 1991
Sold by
Follett Follett D D and Follett Sellers M
Bought by
Phillips Heidi David

Purchase Details

Closed on
Oct 9, 1991
Sold by
Gammons Gammons W W and Gammons Follett D
Bought by
Phillips Heidi David
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
Rangel Property Rentals Llc -- None Available
Rangel Property Rentals Llc $150,000 None Available
Quest Ira Inc -- None Available
Equity Trust Co $52,000 None Available
Herrema Justin $41,711 None Available
Hud -- --
Towne Mortgage Co $76,834 --
Dejesus Juan F $75,000 --
Vazquez Jose Miguel $38,000 --
Rosales Richard R $27,000 --
Phillips Rosales R -- --
Phillips Rosales R $27,000 --
Phillips Sellers M -- --
Phillips Sellers M -- --
-- -- --
Phillips Heidi David -- --
Phillips Heidi David $21,500 --
Phillips Heidi David $17,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rangel Property Rentals Llc $128,792
Previous Owner Phillips David $24,000
Previous Owner Dejesus Juan F $74,411
Previous Owner Rosales Richard R $34,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2018 10/26/18 Sold $150,000 -6.2% --
10/19/2018 10/19/18 Pending -- -- --
07/19/2018 07/19/18 For Sale $159,900 -- --
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 $3,124 $92,000 $0 $0
2024 $3,124 $87,500 $0 $0
2023 $2,553 $75,800 $0 $0
2022 $2,422 $67,800 $0 $0
2021 $2,454 $67,700 $0 $0
2020 $2,371 $57,300 $0 $0
2019 $2,428 $45,500 $0 $0
2018 $1,440 $40,400 $0 $0
2017 $1,405 $30,400 $0 $0
2016 $1,412 $27,000 $0 $0
2015 $1,345 $27,000 $0 $0
2013 -- $26,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Stacey Veeder

    Bellabay Realty LLC

  • B

    Seller Co-Listing Agent in 2018

    Brent Fisher

    Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)

  • E

    Buyer's Agent in 2018

    Evan Beach

    Key Realty

    (989) 284-3265

    73 Total Sales

    Evan Beach
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18030315

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-454-009

Michigan Kent County Grand Rapids 49507 Madison Area

538 Highland St SE, Grand Rapids, MI

This home is located at 538 Highland St SE, Grand Rapids, MI 49507 since 19 July 2018 and is currently estimated at $211,822. This property was built in 1900. 538 Highland 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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