NOT LISTED FOR SALE

548 Walnut St NE Grand Rapids, MI 49503

Estimated Value: $265,375 - $308,000

-- Bed
-- Bath
-- Sq Ft
8,276 Sq Ft Lot

Last Sold October 07, 2020

Last sale price $205,000

Est. 39% increase in value since last sale

Current estimated payment $1,841/month

29 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Level Lot

About This Home

As of October 2020

Take a look at this great opportunity near downtown Grand Rapids. This fully occupied duplex is cash flowing and ready to be added to your portfolio. If you're looking for an owner occupied duplex, this could be a great option as well! Each up and down unit offers 2 bedrooms and 1 bathroom with shared laundry on site. The recently remodeled interiors and vinyl siding make this duplex low maintenance for years to come. 548 Walnut St is in a convenient location for you and future tenants - one mile from downtown, right off the high, and minutes from shopping and entertainment. showings will start August 5th 2020.

Last Agent to Sell the Property

Alexander Macias

Keller Williams GR East License #6506048506 Listed on: 08/03/2020

Keller Williams GR East

Last Buyer's Agent

Lisa Stewart

Greenridge Realty (EGR) License #6501422435

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,940

Year Built

  • Built in 1890

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 6 Parking Spaces
  • Gravel Driveway

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,940

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 66*124
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2939.74
  • Tax Info:Zoning3: Res
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Driveway:Gravel: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 219900.0
  • Lot Features: Level, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Public Water Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Dimensions: 66*124
  • Lot Size Sq Ft: 8276.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2939.74
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Oct 7, 2020
Sold by
Ostrem Nicholas
Bought by
616 Property Holdings Llc
Seller's Agent
Alexander Macias
Keller Williams GR East
Buyer's Agent
Lisa Stewart
Greenridge Realty (EGR)
List Price
$229,900
Sold Price
$205,000
Premium/Discount to List
-$24,900
-10.83%
Current Estimated Value
$284,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,594
Avg. Annual Appreciation
6.17%
Original Mortgage
$164,000
Outstanding Balance
$8,776
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$267,467

Purchase Details

Listed on
Jun 18, 2018
Closed on
Aug 6, 2018
Sold by
Johnanthony Real Esttae Llc
Bought by
Ostrem Nicholas
Seller's Agent
Keith King
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Buyer's Agent
Matt Sleeman
RE/MAX Lakeshore
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.52%
Original Mortgage
$140,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2017
Sold by
Westrate Jacob A and Demeester Neil J
Bought by
John Anthony Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 2017
Sold by
John Anthony Real Estate Llc
Bought by
Westrate Jacob A and Demeester Neil J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 2016
Sold by
Westrate Jacob A and Demeester Neil J
Bought by
John Anthony Real Estate Llc

Purchase Details

Closed on
Aug 6, 2012
Sold by
Novitsky James and Novitsky Elizabeth
Bought by
Westrate Jacob A and Demeester Neil J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,800
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 20, 2010
Sold by
Maldonado Cortes Atenogenes
Bought by
Fifth Third Mortgage Company

Purchase Details

Closed on
Jan 24, 2010
Sold by
Fifth Third Mortgage Company
Bought by
Novitsky James

Purchase Details

Closed on
Jan 8, 2007
Sold by
Figueroa Gerardo and Figueroa Mariaelena
Bought by
Maldonado Cortes Atenogenes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,650
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 2006
Sold by
Figueroa Gerardo
Bought by
Exchange Financial Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,650
Interest Rate
6.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 1997
Sold by
Jhnsn Jhnsn M M and Jhnsn D
Bought by
Stphns Stphns R and Stphns D

Purchase Details

Closed on
Nov 30, 1993
Sold by
Ward Ward W W and Ward Johnson M
Bought by
Westrate Jacob A Demeester Neil J

Purchase Details

Closed on
Dec 17, 1990
Sold by
Horton Horton R R and Horton Ward W
Bought by
Westrate Jacob A Demeester Neil J

Purchase Details

Closed on
Jul 2, 1982

Purchase Details

Closed on
Jun 1, 1982
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
616 Property Holdings Llc -- Chicago Title Of Mi Inc
Ostrem Nicholas $165,000 Title Resouce
John Anthony Real Estate Llc -- None Available
Westrate Jacob A -- None Available
John Anthony Real Estate Llc -- Attorney
Westrate Jacob A -- Attorney
Westrate Jacob A $27,250 None Available
Fifth Third Mortgage Company $52,875 None Available
Novitsky James $22,250 Fidelity National Title
Maldonado Cortes Atenogenes $107,000 None Available
Exchange Financial Corp $89,310 None Available
Stphns Stphns R $59,100 --
Westrate Jacob A Demeester Neil J $55,000 --
Westrate Jacob A Demeester Neil J $44,000 --
-- $27,400 --
-- $27,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 616 Property Holdings Llc $164,000
Previous Owner Ostrem Nicholas $140,250
Previous Owner Westrate Jacob A $87,500
Previous Owner Westrate Jacob A $30,800
Previous Owner Maldonado Cortes Atenogenes $101,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2020 10/07/20 Sold $205,000 -10.8% --
09/01/2020 09/01/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $229,900 +39.3% --
08/06/2018 08/06/18 Sold $165,000 0.0% --
06/24/2018 06/24/18 Pending -- -- --
06/18/2018 06/18/18 For Sale $165,000 -- --
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 $3,983 $121,800 $0 $0
2024 $3,983 $103,600 $0 $0
2023 $3,951 $89,400 $0 $0
2022 $3,755 $78,500 $0 $0
2021 $3,658 $70,100 $0 $0
2020 $2,830 $63,200 $0 $0
2019 $2,898 $54,300 $0 $0
2018 $1,718 $43,800 $0 $0
2017 $1,676 $35,600 $0 $0
2016 $1,684 $32,500 $0 $0
2015 $1,605 $32,500 $0 $0
2013 -- $34,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alexander Macias

    Keller Williams GR East

    (616) 368-4132

    94 Total Sales

    Alexander Macias
    Section Image
  • Lisa Stewart

    Buyer's Agent in 2020

    Lisa Stewart

    Greenridge Realty (EGR)

    (616) 540-7132

    107 Total Sales

    Lisa Stewart
    Section Image
  • Keith King

    Seller's Agent in 2018

    Keith King

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 437-2297

    202 Total Sales

    Keith King
    Section Image

  • B

    Seller Co-Listing Agent in 2018

    Becky Dykema

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 322-9712

    17 Total Sales

    Becky Dykema
    Section Image
  • Matt Sleeman

    Buyer's Agent in 2018

    Matt Sleeman

    RE/MAX Michigan

    (616) 218-5128

    92 Total Sales

    Matt Sleeman
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20030866

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-254-013

Michigan Kent County Grand Rapids 49503

548 Walnut St NE, Grand Rapids, MI

This home is located at 548 Walnut St NE, Grand Rapids, MI 49503 since 03 August 2020 and is currently estimated at $284,594. This property was built in 1890. 548 Walnut St NE is a home located in Kent County with nearby schools including East Leonard Elementary School, 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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