NOT LISTED FOR SALE

552 Spencer St NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $236,000 - $295,000

-- Bed
-- Bath
-- Sq Ft
5,096 Sq Ft Lot

Last Sold December 19, 2014

Last sale price $75,000

Est. 256% increase in value since last sale

Current estimated payment $1,698/month

42 Days on Market

About This Home

As of December 2014

Side by side duplex with split utilities and off street parking! Each unit is about 1100 sq ft. Upper floor has 3 large bedrooms. Main floor features living room, dining room, kitchen, bathroom and a 3 season porch off the back. Insulation has been blown in the dividing walls between the units for noise reduction. The basement is split with washer/dryer hook ups on each side. $1225/M Rent.

Last Agent to Sell the Property

Allison Koetsier

Compass Realty Services License #6502378425 Listed on: 10/23/2014

Compass Realty Services

Co-Listed By

Thomas Koetsier

Kay Courtney & Associates

Last Buyer's Agent

Jeffrey Anderson

Keller Williams GR North License #6502390491

Keller Williams GR North

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,860

Year Built

  • Built in 1905

Lot Details

  • 5,096 Sq Ft Lot
  • Corner Lot: Yes

Home Design

  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Gas Meter
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,860

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • List Price: 79900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5096.0
  • Zoning Description: N/A
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1859.96
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2014
Closed on
Dec 19, 2014
Sold by
Johnson Christine A and Johnson James E
Bought by
550 Spencer Llc
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Jeffrey Anderson
Keller Williams GR North
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%
Total Days on Market
42
Current Estimated Value
$267,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,105
Avg. Annual Appreciation
12.67%
Original Mortgage
$56,250
Outstanding Balance
$44,150
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
$217,871

Purchase Details

Closed on
Dec 15, 2004
Sold by
Thompson Norton F and Thompson Mary Lou
Bought by
Johnson Christine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
5.78%
Mortgage Type
Commercial
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
550 Spencer Llc $75,000 None Available
Johnson Christine A $55,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 550 Spencer Llc $56,250
Previous Owner Johnson Christine A $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/19/2014 12/19/14 Sold $75,000 -6.1% --
12/04/2014 12/04/14 Pending -- -- --
10/23/2014 10/23/14 For Sale $79,900 -- --
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
2024 $2,459 $117,900 $0 $0
2023 $2,351 $102,000 $0 $0
2022 $2,319 $89,500 $0 $0
2021 $2,259 $80,500 $0 $0
2020 $2,184 $72,900 $0 $0
2019 $2,236 $62,800 $0 $0
2018 $2,167 $51,500 $0 $0
2017 $2,114 $43,400 $0 $0
2016 $2,125 $39,600 $0 $0
2015 $2,024 $39,600 $0 $0
2013 -- $41,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    7 in this area

    138 Total Sales

    Allison Koetsier
    Section Image

  • T

    Seller Co-Listing Agent in 2014

    Thomas Koetsier

    Kay Courtney & Associates

  • J

    Buyer's Agent in 2014

    Jeffrey Anderson

    Keller Williams GR North

    (616) 485-4749

    6 Total Sales

    Jeffrey Anderson
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14059454

Southwestern Michigan Association of REALTORS®

APN: 41-14-18-454-003

Michigan Kent County Grand Rapids 49505 Creston

552 Spencer St NE, Grand Rapids, MI

This home is located at 552 Spencer St NE, Grand Rapids, MI 49505 since 23 October 2014 and is currently estimated at $267,105. This property was built in 1905. 552 Spencer St NE is a home located in Kent County with nearby schools including Kent Hills 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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