NOT LISTED FOR SALE

55 Union Ave NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $340,754 - $456,000

-- Bed
-- Bath
-- Sq Ft
6,100 Sq Ft Lot

Last Sold June 21, 2016

Last sale price $160,000

Est. 139% increase in value since last sale

Current estimated payment $2,468/month

4 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Baldwin Park
  • High Speed Internet

About This Home

As of June 2016

Heritage Hill, prime location. 3 unit with great cash flow. Low vacancy over the years as it always rents quickly. Gross rents are currently $2,200 per month. All units currently occupied. Landlord pays all utilities. Property is not City Certified. Buyer is encouraged to contact Grand Rapids Code Compliance for potential outstanding repair deficiencies. Approval of any offer will be subject to Bankruptcy Court.

Last Agent to Sell the Property

Kevin Wright

Qwest Realty Consultants License #6502338611 Listed on: 04/22/2016

Last Buyer's Agent

Kevin Wright

Qwest Realty Consultants License #6502338611 Listed on: 04/22/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,663

Year Built

  • Built in 1870

Lot Details

  • 6,100 Sq Ft Lot
  • Lot Dimensions are 50x122

Parking

  • 1 Parking Space

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,663

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1870
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x122
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3663.29
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 170000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 1.0
  • General Property Info:Total Parking Spaces: 1.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6100.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3663.29
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2016
Closed on
Jul 8, 2016
Sold by
Guerre Robert Paul and Guerre Traci Lyn
Bought by
Little Dynamite Llc
Seller's Agent
Kevin Wright
Qwest Realty Consultants
Buyer's Agent
Kevin Wright
Qwest Realty Consultants
List Price
$170,000
Sold Price
$160,000
Premium/Discount to List
-$10,000
-5.88%
Current Estimated Value
$381,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,655
Avg. Annual Appreciation
9.72%
Original Mortgage
$112,000
Outstanding Balance
$14,155
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$360,170

Purchase Details

Listed on
Apr 22, 2016
Closed on
Jun 21, 2016
Sold by
Holt Peter and Holt Rachael Ann
Bought by
Guerre Robert Paul
Seller's Agent
Kevin Wright
Qwest Realty Consultants
Buyer's Agent
Kevin Wright
Qwest Realty Consultants
List Price
$170,000
Sold Price
$160,000
Premium/Discount to List
-$10,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Outstanding Balance
$14,155
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$360,170

Purchase Details

Closed on
Apr 21, 2005
Sold by
Lake Union Properties Llc
Bought by
Holt Peter T and Kochaney Glen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2000
Bought by
Lk Un Prop and Holt Peter T Kochaney Glen A

Purchase Details

Closed on
Jun 23, 1999
Sold by
Kochaney Baker
Bought by
Kochaney and Kochaney Holt

Purchase Details

Closed on
Jun 25, 1998
Sold by
Sthwer Sthwer T T and Sthwer S
Bought by
Holt Peter T Kochaney Glen A

Purchase Details

Closed on
Dec 10, 1997
Sold by
Sthwr Sthwr T T and Sthwr S
Bought by
Holt Peter T Kochaney Glen A

Purchase Details

Closed on
Jan 21, 1983

Purchase Details

Closed on
Jan 18, 1983
Source: Public Records

Range of Values:

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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
Little Dynamite Llc -- Sun Title Agency Of Mi Llc
Guerre Robert Paul $160,000 Sun Title Agency Of Mi Llc
Holt Peter T -- --
Lk Un Prop -- --
Kochaney $106,000 --
Holt Peter T Kochaney Glen A $70,000 --
Holt Peter T Kochaney Glen A $70,000 --
-- $23,000 --
-- $18,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guerre Robert Paul $112,000
Previous Owner Kochaney Glen A $103,000
Previous Owner Kochaney Glen A $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2016 06/21/16 Sold $160,000 -5.9% --
04/26/2016 04/26/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $170,000 -- --
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 $5,306 $150,800 $0 $0
2024 $5,306 $138,100 $0 $0
2023 $5,264 $119,300 $0 $0
2022 $5,003 $118,000 $0 $0
2021 $4,874 $105,600 $0 $0
2020 $4,711 $94,400 $0 $0
2019 $4,859 $94,700 $0 $0
2018 $4,711 $96,900 $0 $0
2017 $4,595 $80,300 $0 $0
2016 $4,015 $68,200 $0 $0
2015 $3,663 $68,200 $0 $0
2013 -- $62,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kevin Wright

    Qwest Realty Consultants

    (616) 954-5900

    25 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16018074

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-255-021

Michigan Kent County Grand Rapids 49503 Heritage Hill

55 Union Ave NE, Grand Rapids, MI

This home is located at 55 Union Ave NE, Grand Rapids, MI 49503 since 22 April 2016 and is currently estimated at $391,689. This property was built in 1870. 55 Union Ave NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, 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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