$322,000
SOLD JAN 7, 2021

559 Wealthy St SE Grand Rapids, MI 49503

Heritage Hill Neighborhood
-- Bed
-- Bath
-- Sq Ft
7,275 Sq Ft Lot

Recently Sold

2% Below List Price

13 Days on Market

About This Home

As of January 2021

Great opportunity to purchase this income producing duplex in historic Heritage Hill! Perfect for investors or an owner occupant looking to live in one unit and rent out the other. The location here is prime- walking distance to all of the popular shops and restaurants on Wealthy Street. One unit is a 2 bedroom 1.5 bathroom that has been totally remodeled in the last year while keeping the character of the original design. The second unit is a 3 bedroom 1 bathroom with an adorable built in dining booth! Both units have laundry and off-street parking! Rental Certification doesn't expire until April 2023 so you can start earning rental income immediately and worry free. Check out the virtual walkthroughs!

Last Agent to Sell the Property

Justin Glover

RE/MAX of Grand Rapids (Stndl) License #6506047981 Listed on: 11/25/2020

RE/MAX of Grand Rapids (Stndl)

Last Buyer's Agent

Tim Anders

Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6501299915

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,610

Year Built

  • Built in 1885

Parking

  • 4 Parking Spaces

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating System
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 7,275 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,610

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1885
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 330000.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7275.0
  • Zoning Description: Res Improved
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 5610.27
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2021
Sold by
Golemi Edmond and Rama Idvan
Bought by
Grpi Llc
Current Estimated Value
$444,147

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 25, 2020
Closed on
Jan 7, 2021
Sold by
Kiel Joshua J
Bought by
Golemi Edmond and Rama Idvan
Seller's Agent
Justin Glover
RE/MAX of Grand Rapids (Stndl)
Buyer's Agent
Tim Anders
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$330,000
Sold Price
$322,000
Premium/Discount to List
-$8,000
-2.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.75%
Original Mortgage
$240,750
Interest Rate
2.71%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Aug 11, 2017
Closed on
Oct 2, 2017
Sold by
Frugal Dutchmen Enterprises Llc
Bought by
Kiel Joshua J
Seller's Agent
Brian DeSmit
Apex Realty Group
Buyer's Agent
Lucas Howard
Keller Williams GR North (Main)
List Price
$259,900
Sold Price
$265,000
Premium/Discount to List
$5,100
1.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.14%
Original Mortgage
$198,750
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2012
Sold by
Roelofs Andrew S
Bought by
Frugal Dutchmen Enterprises Llc

Purchase Details

Closed on
May 28, 2008
Sold by
Taatjes Wade
Bought by
First Horizon Home Loans

Purchase Details

Closed on
Aug 10, 2007
Sold by
Taatjes Wade and Herrema Daniel
Bought by
Taatjes Wade

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 23, 2007
Sold by
Kruis James
Bought by
Taatjes Dennis Wade

Purchase Details

Closed on
Nov 7, 2006
Sold by
Taatjes Dennis Wade
Bought by
Kruis James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 7, 2005
Sold by
Williams Lester and Williams Eddye
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jun 9, 1994
Sold by
Williams Williams L L and Williams Williams
Bought by
Frugal Dutchmen Enterprises Llc
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 Type Sale Price Title Company
Quit Claim Deed -- Dba Title Resource Agency
Warranty Deed $322,000 Chicago Title Of Mi Inc
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Sheriffs Deed $93,500 None Available
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Sheriffs Deed $154,261 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $234,000 Future Advance Clause Open End Mortgage
Previous Owner $240,750 Future Advance Clause Open End Mortgage
Previous Owner $260,000 New Conventional
Previous Owner $198,750 New Conventional
Previous Owner $88,000 Commercial
Previous Owner $212,000 Commercial
Previous Owner $201,000 Commercial
Previous Owner $146,400 Unknown
Previous Owner $169,100 Commercial
Previous Owner $148,000 Commercial
Previous Owner $108,400 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2021 01/07/21 Sold $322,000 -2.4% --
12/08/2020 12/08/20 Pending -- -- --
11/25/2020 11/25/20 For Sale $330,000 +24.5% --
10/02/2017 10/02/17 Sold $265,000 +2.0% --
08/22/2017 08/22/17 Pending -- -- --
08/11/2017 08/11/17 For Sale $259,900 -- --
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
2025 $8,679 $223,100 $0 $0
2024 $8,679 $212,200 $0 $0
2023 $8,609 $185,400 $0 $0
2022 $8,183 $157,800 $0 $0
2021 $5,616 $155,900 $0 $0
2020 $5,428 $143,200 $0 $0
2019 $5,557 $118,000 $0 $0
2018 $5,387 $101,700 $0 $0
2017 $3,922 $92,900 $0 $0
2016 $3,941 $79,100 $0 $0
2015 $3,755 $79,100 $0 $0
2013 -- $72,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Justin Glover

    Seller's Agent in 2021

    Justin Glover

    RE/MAX Michigan

    (616) 337-7543

    3 in this area

    265 Total Sales

    Justin Glover
    Section Image
  • Tim Anders

    Buyer's Agent in 2021

    Tim Anders

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 291-1467

    2 in this area

    372 Total Sales

    Tim Anders
    Section Image
  • Brian DeSmit

    Seller's Agent in 2017

    Brian DeSmit

    Apex Realty Group

    (616) 813-3402

    246 Total Sales

    Brian DeSmit
    Section Image

  • L

    Buyer's Agent in 2017

    Lucas Howard

    Keller Williams GR North (Main)

  • J

    Buyer Co-Listing Agent in 2017

    Joshua Howard

    Keller Williams GR East

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20048750

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-454-046

Michigan Kent County Grand Rapids 49503 Heritage Hill

559 Wealthy St SE, Grand Rapids, MI

This home is located at 559 Wealthy St SE, Grand Rapids, MI 49503 and is currently priced at $322,000. This property was built in 1885. 559 Wealthy St SE is a home located in Kent County with nearby schools including Martin Luther King Leadership 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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