NOT LISTED FOR SALE

5616 Madison Ave SE Kentwood, MI 49548

Kelloggsville Neighborhood

Estimated Value: $320,000 - $405,689

4 Beds
2 Baths
-- Sq Ft
0.29 Acres

Last Sold July 12, 2023

Last sale price $375,000

Est. 3% decrease in value since last sale

Current estimated payment $2,368/month

8 Days on Market

Highlights

  • 1 Fireplace
  • High Speed Internet
  • Level Lot
  • Forced Air Heating and Cooling System

About This Home

As of July 2023

Welcome to 5616-5618 Madison a beautiful side by side duplex which has been completely remodeled for the new owners to enjoy. Each identical unit features 2 bedrooms and 1 bathroom on the main floor with a large rec room in the basement. Both units have been completely rehabbed and feature new windows, new flooring through out, new stainless steel appliances, new lighting and plumbing fixtures, freshly painted interior and exterior, and newer mechanicals. The new owner will have the option to move into one unit or own it as a headache free ,cash flowing, investment property for years to come. Make it yours! A member of the selling entity is a licensed real estate agent. UPDATE: Offer received. See remarks.

Last Agent to Sell the Property

Evan DeVisser

Greenridge Realty (EGR) License #6501421986 Listed on: 05/30/2023

Co-Listed By

Brad Baker

Greenridge Realty (EGR) License #6501299154

Last Buyer's Agent

Seth Koeller

Medendorp Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,607

Year Built

  • Built in 1968

Lot Details

  • 0.29 Acre Lot
  • Lot Dimensions are 98 x 130
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,607

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1968
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 98 x 130
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2606.71
  • Tax Info:Zoning3: R-2
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central 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
  • Lot Description:Level: 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

  • Fireplaces: 1
  • Basement: Full

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • List Price: 374900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.29
  • Lot Size Area: 0.29
  • Lot Dimensions: 98 x 130
  • Lot Size Sq Ft: 12720.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2606.71
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Jul 12, 2023
Sold by
Fraser Valley Investments Llc
Bought by
Bytwerk Nicholas
Seller's Agent
Evan DeVisser
Greenridge Realty (EGR)
Buyer's Agent
Seth Koeller
Medendorp Real Estate Group
List Price
$374,900
Sold Price
$375,000
Premium/Discount to List
$100
0.03%
Views
34
Current Estimated Value
$363,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,078
Avg. Annual Appreciation
-1.40%
Original Mortgage
$300,000
Outstanding Balance
$293,333
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$70,589

Purchase Details

Listed on
Jan 27, 2023
Closed on
Feb 8, 2023
Sold by
5616 Madison Llc
Bought by
Fraser Valley Investments Llc
Seller's Agent
Lisa Stewart
Greenridge Realty (EGR)
Buyer's Agent
Brad Baker
Greenridge Realty (EGR)
List Price
$275,000
Sold Price
$262,500
Premium/Discount to List
-$12,500
-4.55%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
133.78%

Purchase Details

Closed on
Jan 5, 2005
Sold by
Vos Marvin Foote and Vos Ruth
Bought by
5616 Madison 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 Buyer Sale Price Title Company
Bytwerk Nicholas $375,000 Chicago Title
Fraser Valley Investments Llc $262,500 Chicago Title
5616 Madison Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bytwerk Nicholas $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2023 07/12/23 Sold $375,000 0.0% --
06/07/2023 06/07/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $374,900 +42.8% --
02/08/2023 02/08/23 Sold $262,500 -4.5% --
01/30/2023 01/30/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $275,000 -- --
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 $4,616 $156,000 $0 $0
2024 $4,616 $119,700 $0 $0
2023 $2,751 $119,700 $0 $0
2022 $2,610 $87,800 $0 $0
2021 $2,547 $78,000 $0 $0
2020 $1,835 $70,300 $0 $0
2019 $2,482 $60,700 $0 $0
2018 $2,427 $54,300 $0 $0
2017 $2,368 $54,300 $0 $0
2016 $2,311 $47,900 $0 $0
2015 $2,255 $47,900 $0 $0
2013 -- $40,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Evan DeVisser

    Greenridge Realty (EGR)

    (616) 666-5740

    8 in this area

    204 Total Sales

    Evan DeVisser
    Section Image
  • Lisa Stewart

    Seller's Agent in 2023

    Lisa Stewart

    Greenridge Realty (EGR)

    (616) 540-7132

    4 in this area

    108 Total Sales

    Lisa Stewart
    Section Image
  • Brad Baker

    Seller Co-Listing Agent in 2023

    Brad Baker

    Greenridge Realty (EGR)

    (616) 965-2623

    7 in this area

    342 Total Sales

    Brad Baker
    Section Image
  • Seth Koeller

    Buyer's Agent in 2023

    Seth Koeller

    Medendorp Real Estate Group

    (231) 241-6097

    1 in this area

    60 Total Sales

    Seth Koeller
    Section Image
  • David Medendorp

    Buyer Co-Listing Agent in 2023

    David Medendorp

    Medendorp Real Estate Group

    (231) 206-3367

    1 in this area

    348 Total Sales

    David Medendorp
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23017900

Southwestern Michigan Association of REALTORS®

APN: 41-18-31-401-001

Michigan Kent County Kentwood 49548 Kelloggsville

5616 Madison Ave SE, Kentwood, MI

This home is located at 5616 Madison Ave SE, Kentwood, MI 49548 since 30 May 2023 and is currently estimated at $363,922. This property was built in 1968. 5616 Madison Ave SE is a home located in Kent County with nearby schools including Southeast Kelloggsville Elementary School, West Kelloggsville Elementary, and Kelloggsville Middle 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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