J
Seller's Agent in 2022
Jake Walter
Five Star Real Estate (Grandv)
(616) 889-4334
2 in this area
108 Total Sales
55 Brown St SW Grand Rapids, MI 49507
Garfield Park NeighborhoodEstimated Value: $172,000 - $217,000
--
Bed
--
Bath
--
Sq Ft
5,713
Sq Ft Lot
About This Home
As of May 2022Affordable duplex with offstreet parking. Current tenants (month to month) have lived in home for many years & know that rent could go up or they could be asked to leave. Lower unit has a living room along w/ a sitting room and a spacious kitchen w/ eating area. 2 generous sized bedrooms and full bath finish off the main floor. Lower unit also has access to the basement with storage space and a laundry hookup. Upstairs unit has a kitchen w/ pantry, eating area, a large living room (currently used as a bedroom), bathroom & bedroom. Some vinyl replacement windows. 3 or 4 parking spaces behind the home. Furnace in basement appears to cover main floor and a 2nd furnace/space heater heats upstairs. Due to tenants schedule, showings are limited to Thur and Fri from 10-noon and 5-7pm
Last Agent to Sell the Property
Five Star Real Estate (Grandv) License #6501289731 Listed on: 03/22/2022
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $1,329
Year Built
- Built in 1905
Lot Details
- 5,713 Sq Ft Lot
Parking
- 3 Parking Spaces
Home Design
- Wood Siding
Utilities
- Forced Air Heating System
- Space Heater
- Natural Gas Connected
Community Details
- 2 Units
Listing and Financial Details
- Tenant pays for electricity, trash collection, gas
- The owner pays for water, sewer
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 22, 2022
Closed on
May 9, 2022
Sold by
Lehmann Matthew E
Bought by
Thompson Elizabeth Ashley
Seller's Agent
Jake Walter
Five Star Real Estate (Grandv)
Buyer's Agent
Randy Charboneau
Independence Realty (RSC)
List Price
$139,900
Sold Price
$140,000
Premium/Discount to List
$100
0.07%
Total Days on Market
17
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
$54,893
Avg. Annual Appreciation
13.25%
Original Mortgage
$105,000
Outstanding Balance
$100,471
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$105,433
Purchase Details
Closed on
Apr 28, 2021
Sold by
Lehmann Edmund B and Lehmann Maurice H
Bought by
Lehmann Matthew E
Purchase Details
Closed on
Mar 31, 2014
Sold by
Lehmann Shirley L
Bought by
Maurice H and Lehmann Irrevocabl Shirley L
Purchase Details
Closed on
Apr 7, 1998
Sold by
Perez Lois Ann
Bought by
Lehmann Shirley L
Purchase Details
Closed on
May 20, 1982
Purchase Details
Closed on
Mar 31, 1982
Bought by
Lehmann Shirley L
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thompson Elizabeth Ashley | $140,000 | Star Title | |
| Lehmann Matthew E | -- | None Available | |
| Maurice H | -- | None Available | |
| Lehmann Shirley L | $15,850 | -- | |
| -- | $15,900 | -- | |
| Lehmann Shirley L | $10,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Thompson Elizabeth Ashley | $105,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/09/2022 05/09/22 | Sold | $140,000 | +7.8% | -- |
| 04/08/2022 04/08/22 | Pending | -- | -- | -- |
| 04/06/2022 04/06/22 | Price Changed | $129,900 | -7.1% | -- |
| 03/22/2022 03/22/22 | For Sale | $139,900 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $4,206 | $90,300 | $0 | $0 |
| 2023 | $4,144 | $80,300 | $0 | $0 |
| 2022 | $3,230 | $62,300 | $0 | $0 |
| 2021 | $1,244 | $53,300 | $0 | $0 |
| 2020 | $1,202 | $47,800 | $0 | $0 |
| 2019 | $1,231 | $39,400 | $0 | $0 |
| 2018 | $1,193 | $32,300 | $0 | $0 |
| 2017 | $1,164 | $24,900 | $0 | $0 |
| 2016 | $1,169 | $23,600 | $0 | $0 |
| 2015 | $1,114 | $23,600 | $0 | $0 |
| 2013 | -- | $25,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jake Walter
-
Randy Charboneau
Buyer's Agent in 2022
Randy Charboneau
Independence Realty (RSC)
(616) 262-0001
4 in this area
100 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 22009188
APN: 41-17-01-428-041
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