NOT LISTED FOR SALE

54 Eastern Ave SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $322,000 - $406,000

-- Bed
-- Bath
-- Sq Ft
2,320 Sq Ft Lot

Last Sold August 27, 2014

Last sale price $60,000

Est. 512% increase in value since last sale

Current estimated payment $2,218/month

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 2-minute walk to Cherry Park

About This Home

As of August 2014

Grand Rapids MI, East Hills Neighborhood. Great investment opportunity, fun area. Rehab or development. Currently vacant. Buyer to verify all information.

Last Agent to Sell the Property

Peter Bruinsma

Grand River Realty License #6502402583 Listed on: 07/24/2014

Last Buyer's Agent

Jeremy Duprey

United Realty Services LLC License #6501367726

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1915

Lot Details

  • 2,320 Sq Ft Lot

Home Design

  • Composition Roof
  • Wood Siding

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 74900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2320.0
  • Zoning Description: RMET3_RES MULTI

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2166.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2014
Sold by
Grb Properties Llc
Bought by
Pivot Point Properties Llc
Current Estimated Value
$367,295

Purchase Details

Listed on
Jul 24, 2014
Closed on
Aug 27, 2014
Sold by
Lewis Andrew and Lewis Sarah
Bought by
Grb Properties Llc
Seller's Agent
Peter Bruinsma
Grand River Realty
Buyer's Agent
Jeremy Duprey
United Realty Services LLC
List Price
$74,900
Sold Price
$60,000
Premium/Discount to List
-$14,900
-19.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.47%
Original Mortgage
$93,800
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2011
Sold by
Brandwein Barry
Bought by
Lewis Andrew and Lewis Sandra

Purchase Details

Closed on
Dec 13, 2006
Sold by
Damaske Jason
Bought by
U S Bank Na

Purchase Details

Closed on
Sep 30, 2005
Sold by
Arim Ben and Vanhattem Tyler
Bought by
Damaske Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,980
Interest Rate
5.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2005
Sold by
Hampshire Management Llc
Bought by
Arim Ben and Vanhattem Tyler

Purchase Details

Closed on
Aug 27, 1999
Sold by
Mrng Mrng R R
Bought by
R and R

Purchase Details

Closed on
Apr 7, 1999
Sold by
Grat Lks and Wstrn Untd
Bought by
Lewis Andrew Sarah

Purchase Details

Closed on
Mar 29, 1999
Sold by
Hemily Hemily J J and Hemily Meringa R
Bought by
Lewis Meringa R and Lewis Andrew Sarah

Purchase Details

Closed on
Mar 4, 1993
Sold by
Great Hamacher and Great Lakes
Bought by
Lewis Andrew Sarah

Purchase Details

Closed on
Mar 3, 1993

Purchase Details

Closed on
Feb 18, 1993

Purchase Details

Closed on
Jul 25, 1988

Purchase Details

Closed on
Jul 22, 1988

Purchase Details

Closed on
Jan 6, 1988
Source: Public Records

Range of Values:

Collateral Analytics

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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
Pivot Point Properties Llc $112,500 First American Title Ins Co
Grb Properties Llc $60,000 First American Title Ins Co
Lewis Andrew -- None Available
U S Bank Na $116,421 None Available
Damaske Jason $140,000 Priority Title Agency Inc
Arim Ban $115,829 Priority Title Agency Inc
Arim Ben -- Lighthouse Title Inc
R -- --
Lewis Andrew Sarah -- --
Lewis Meringa R $53,800 --
Lewis Andrew Sarah $33,500 --
-- $52,000 --
-- $38,000 --
-- $31,900 --
-- $27,900 --
-- $16,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grb Properties Llc $93,800
Previous Owner Arim Ban $27,980
Previous Owner Damaske Jason $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2014 08/27/14 Sold $60,000 -19.9% --
07/24/2014 07/24/14 Pending -- -- --
07/24/2014 07/24/14 For Sale $74,900 -- --
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 $3,236 $154,800 $0 $0
2024 $3,236 $125,100 $0 $0
2023 $3,210 $117,600 $0 $0
2022 $3,051 $119,500 $0 $0
2021 $2,973 $88,900 $0 $0
2020 $2,873 $89,300 $0 $0
2019 $2,852 $76,000 $0 $0
2018 $2,852 $71,700 $0 $0
2017 $2,782 $63,200 $0 $0
2016 $2,795 $52,100 $0 $0
2015 $2,663 $52,100 $0 $0
2013 -- $43,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peter Bruinsma

    Seller's Agent in 2014

    Peter Bruinsma

    Grand River Realty

    (616) 293-5731

    8 in this area

    192 Total Sales

    Peter Bruinsma
    Section Image

  • J

    Buyer's Agent in 2014

    Jeremy Duprey

    United Realty Services LLC

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14042563

Southwestern Michigan Association of REALTORS®

APN: 41-14-29-306-016

Michigan Kent County Grand Rapids 49503 East Hills

54 Eastern Ave SE, Grand Rapids, MI

This home is located at 54 Eastern Ave SE, Grand Rapids, MI 49503 since 24 July 2014 and is currently estimated at $367,295. This property was built in 1915. 54 Eastern Ave SE is a home located in Kent County with nearby schools including Congress Elementary, 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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