A
Seller's Agent in 2020
Alexander Macias
Keller Williams GR East
(616) 368-4132
94 Total Sales
548 Walnut St NE Grand Rapids, MI 49503
--
Bed
--
Bath
--
Sq Ft
7,840
Sq Ft Lot
About This Home
As of October 2020Excellent investment opportunity near the Medical Mile for an Investor or an Owner Occupant. Both units currently rented with great cashflow makes this the investment you have been looking for. Lower unit has 1 large bedroom and an additional office space, updated kitchen and bath. Upper unit has 2 bedrooms, updated kitchen and bath as well. Spacious lot with ample parking, split utilities, newer furnaces and windows. Lower unit will be available for owner occupancy after July 15th, 2018. City Compliance Certificate expires 2/12/2020
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6501298293 Listed on: 06/18/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,719
Year Built
- Built in 1890
Lot Details
- 7,840 Sq Ft Lot
- Lot Dimensions are 66x124
Home Design
- Composition Roof
- Aluminum Siding
Basement
- Michigan Basement
Parking
- 4 Parking Spaces
- Unpaved Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- High Speed Internet
- Phone Connected
- Cable TV Available
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for gas
- The owner pays for water
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
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Chicago Title Of Mi Inc | |
| Warranty Deed | $165,000 | Title Resouce | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | Attorney | |
| Interfamily Deed Transfer | -- | Attorney | |
| Warranty Deed | $27,250 | None Available | |
| Sheriffs Deed | $52,875 | None Available | |
| Deed | $22,250 | Fidelity National Title | |
| Warranty Deed | $107,000 | None Available | |
| Sheriffs Deed | $89,310 | None Available | |
| Deed | $59,100 | -- | |
| Warranty Deed | $55,000 | -- | |
| Warranty Deed | $44,000 | -- | |
| Deed | $27,400 | -- | |
| Deed | $27,400 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $164,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $140,250 | New Conventional | |
| Previous Owner | $87,500 | Commercial | |
| Previous Owner | $30,800 | Commercial | |
| Previous Owner | $101,650 | Commercial |
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
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
-
Alexander Macias
-
Lisa Stewart
Buyer's Agent in 2020
Lisa Stewart
Greenridge Realty (EGR)
(616) 540-7132
107 Total Sales
-
Keith King
Seller's Agent in 2018
Keith King
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
(616) 437-2297
202 Total Sales
-
Becky Dykema
B
Seller Co-Listing Agent in 2018
Becky Dykema
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
(616) 322-9712
17 Total Sales
-
Matt Sleeman
Buyer's Agent in 2018
Matt Sleeman
RE/MAX Michigan
(616) 218-5128
92 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 18015222
APN: 41-14-19-254-013
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