NOT LISTED FOR SALE

Estimated Value: $311,000 - $375,000

4 Beds
2 Baths
-- Sq Ft
16,553 Sq Ft Lot

Last Sold November 27, 2013

Last sale price $80,000

Est. 329% increase in value since last sale

Current estimated payment $2,017/month

36 Days on Market

Highlights

  • 1 Fireplace
  • Property is near a preserve or public land
  • Level Lot
  • East Kentwood High School Rated A-
  • Hot Water Heating System

About This Home

As of November 2013

Solid Kentwood duplex. Upper level unit is vacant and easy to show units are identical and upper has been all repainted. Lower level tenant has been there over 9 years. Solid rental in great location. Backs up to public school admin offices so lots of green space behind. Upper level has deck and lower has patio. All appliances included. Lots of off street parking and great location make this a must see.

Last Agent to Sell the Property

Mike Oostendorp

Keller Williams GR East License #6501201638 Listed on: 10/15/2013

Keller Williams GR East

Last Buyer's Agent

John Rice

Berkshire Hathaway HomeServices Michigan Real Estate (Cascade) License #6502399219

Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.38 Acre Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Parking

  • 6 Parking Spaces
  • Paved Parking

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Phone Connected
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units
  • Property is near a preserve or public land

Building Details

  • Insurance Expense $675
  • Maintenance Expense $500
  • Utility Expense $1,761
  • Operating Expense $2,936
  • Gross Income $16,800
  • Net Operating Income $13,864

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0.38 Acres

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • Year Built: 1965
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • OfficeContract Info:List PriceSqFt2: 44.59
  • General Property Info:Lot Dimensions: 90 * 135
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 2368.0
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Slab: Yes
  • Lot Description:Adj to Public Land: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Utilities Attached Phone Connected: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 89900.0
  • Lot Features: Level, Adj to Public Land, Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 6.0
  • General Property Info:Total Parking Spaces: 6.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Water Available, Sewer Available, Storm Sewer

Lot Info

  • Lot Size Acres: 0.38
  • Lot Size Area: 0.38
  • Lot Dimensions: 90 * 135
  • Lot Size Sq Ft: 16650.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 16800.0
  • Insurance Expense: 675.0
  • Maintenance Expense: 500.0
  • Net Operating Income: 13864.0
  • Number of Units Total: 2
  • Operating Expense: 2936.0

Tax Info

  • Tax Annual Amount: 2368.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2013
Closed on
Jan 24, 2014
Sold by
Fazlic Sanel and Fazlic Alma
Bought by
Tmf Properties Llc
Seller's Agent
Mike Oostendorp
Keller Williams GR East
Buyer's Agent
John Rice
Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%
Current Estimated Value
$342,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,857
Avg. Annual Appreciation
12.55%

Purchase Details

Listed on
Oct 15, 2013
Closed on
Nov 21, 2013
Sold by
Walter Galen E and Walter Julia M
Bought by
Fazlic Sanel
Seller's Agent
Mike Oostendorp
Keller Williams GR East
Buyer's Agent
John Rice
Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)
List Price
$89,900
Sold Price
$80,000
Premium/Discount to List
-$9,900
-11.01%

Purchase Details

Closed on
Apr 28, 2000
Bought by
Walter Galen E and Fazlic Sanel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tmf Properties Llc -- None Available
Fazlic Sanel $80,000 Grand Rapids Title Agency Ll
Walter Galen E $119,900 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2013 11/27/13 Sold $80,000 -11.0% --
11/20/2013 11/20/13 Pending -- -- --
10/15/2013 10/15/13 For Sale $89,900 -- --
Source: MichRIC

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 $2,801 $142,200 $0 $0
2024 $28 $128,000 $0 $0
2023 $2,560 $128,000 $0 $0
2022 $3,275 $93,200 $0 $0
2021 $3,197 $85,400 $0 $0
2020 $2,303 $76,500 $0 $0
2019 $3,114 $66,100 $0 $0
2018 $3,046 $59,100 $0 $0
2017 $2,972 $59,100 $0 $0
2016 $2,900 $52,200 $0 $0
2015 $2,829 $52,200 $0 $0
2013 -- $43,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 13060345

MichRIC

APN: 41-18-32-306-002

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