NOT LISTED FOR SALE

543 Norwood Ave SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $349,000 - $452,000

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold October 31, 2013

Last sale price $149,900

Est. 167% increase in value since last sale

Current estimated payment $2,383/month

76 Days on Market

About This Home

As of October 2013

Take a look at this great 2 unit property located in Eastown. Updates include a newer roof, updated plumbing and electric, all new windows and a rebuilt front porch. Other features include a large fenced-in backyard with shade trees and a remodeled kitchen and bathroom in the lower unit. This one won't last long.

Last Agent to Sell the Property

Ryan Ogle

Bluhouse Properties LLC - I License #6502376991 Listed on: 07/10/2013

Bluhouse Properties LLC - I

Last Buyer's Agent

Ben Otis

Weichert REALTORS Plat Allegan License #6502390146

Weichert REALTORS Plat Allegan

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,828

Year Built

  • Built in 1912

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

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

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,828

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 149900.0
  • Lot Features: Sidewalk, Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: Res

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1828.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 7, 2018
Sold by
Smith Jovanovic Megan and Smith Megan E
Bought by
Smith Jovanovic Megan and Smith Jovanovic Giovanni
Current Estimated Value
$400,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,600
Outstanding Balance
$120,618
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$274,335

Purchase Details

Listed on
Jul 10, 2013
Closed on
Oct 31, 2013
Sold by
Trapp Amber M and Vanderjagt Amber M
Bought by
Smith Megan E
Seller's Agent
Ryan Ogle
Bluhouse Properties LLC - I
Buyer's Agent
Ben Otis
Weichert REALTORS Plat Allegan
List Price
$159,900
Sold Price
$149,900
Premium/Discount to List
-$10,000
-6.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Original Mortgage
$147,184
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 11, 2006
Sold by
Robinson Jason L
Bought by
Vanderjagt Amber M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,000
Interest Rate
7.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2003
Sold by
Spungen Stanley and Spungen Eric
Bought by
Robinson Jason L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,300
Interest Rate
5.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 12, 2003
Sold by
Deutsche Bank National Trust Co
Bought by
Spungen Stanley and Spungen Tamra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,300
Interest Rate
5.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 28, 1999
Sold by
Vet Affairs and Vet Vendee M
Bought by
Spungen Spungen S and Spungen T

Purchase Details

Closed on
Sep 4, 1986

Purchase Details

Closed on
Mar 29, 1984

Purchase Details

Closed on
Oct 10, 1980
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
Smith Jovanovic Megan -- None Available
Smith Megan E $149,900 First American Title Ins Co
Vanderjagt Amber M $138,000 Unified Title & Settlement L
Robinson Jason L $94,000 --
Spungen Stanley $18,878 --
Spungen Spungen S -- --
-- $100 --
-- $29,700 --
-- $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Jovanovic Megan $138,600
Closed Smith Megan E $147,184
Previous Owner Vanderjagt Amber M $138,000
Previous Owner Robinson Jason L $89,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2013 10/31/13 Sold $149,900 -6.3% --
09/24/2013 09/24/13 Pending -- -- --
07/10/2013 07/10/13 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 $3,136 $167,600 $0 $0
2024 $3,136 $151,500 $0 $0
2023 $3,111 $126,100 $0 $0
2022 $2,957 $111,300 $0 $0
2021 $2,881 $105,500 $0 $0
2020 $2,785 $100,200 $0 $0
2019 $2,851 $87,000 $0 $0
2018 $2,764 $78,800 $0 $0
2017 $2,696 $59,100 $0 $0
2016 $2,212 $53,800 $0 $0
2015 $2,086 $53,800 $0 $0
2013 -- $44,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Ryan Ogle

    Bluhouse Properties LLC - I

    Section Image
  • Ben Otis

    Buyer's Agent in 2013

    Ben Otis

    Weichert REALTORS Plat Allegan

    (616) 275-2998

    207 Total Sales

    Ben Otis
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13038592

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-233-027

Michigan Kent County Grand Rapids 49506 Eastown

543 Norwood Ave SE, Grand Rapids, MI

This home is located at 543 Norwood Ave SE, Grand Rapids, MI 49506 since 10 July 2013 and is currently estimated at $400,227. This property was built in 1912. 543 Norwood Ave 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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