NOT LISTED FOR SALE

5790 Madison Ave SE Grand Rapids, MI 49548

Kelloggsville Neighborhood

Estimated Value: $325,000 - $385,000

-- Bed
2 Baths
-- Sq Ft
0.44 Acres

Last Sold September 14, 2018

Last sale price $203,000

Est. 73% increase in value since last sale

Current estimated payment $2,181/month

3 Days on Market

Highlights

  • Waterfront
  • 0.44 Acre Lot
  • High Speed Internet
  • East Kentwood High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of September 2018

What a great investment in Kentwood. Hard to find side by side ranch style duplex. Buyers love the fact that each unit has 3 bedrooms, living areas, and a very private setting. The two stall garage and pole barn are also opportunities to earn extra income. This is perfect for someone who wants to live in half and rent the other unit or just add to their portfolio. We have also partnered up with a local lender offering special financing terms making the payments less and the home an even better value (call for details). We will not be having any open houses, just private one on one showings to pre-approved buyers so call today for your tour.

Last Agent to Sell the Property

Jason Lash

Berkshire Hathaway HomeServices Michigan Real Estate (South) Listed on: 08/13/2018

Co-Listed By

Sherry Prins

Berkshire Hathaway HomeServices Michigan Real Estate (South)

Last Buyer's Agent

Andy Richter

Richter Company License #6502433113

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,467

Year Built

  • Built in 1980

Lot Details

  • 0.44 Acre Lot
  • Waterfront

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,467

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Block
  • List Price: 180000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Water Body Name: Creek
  • Waterfront: Yes

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.44
  • Lot Size Area: 0.44
  • Lot Size Sq Ft: 19166.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2467.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2023
Sold by
Hall Jeffrey D
Bought by
Hall Jeffrey D
Current Estimated Value
$350,565

Purchase Details

Listed on
Aug 13, 2018
Closed on
Sep 14, 2018
Sold by
Middleton Cynthia L
Bought by
Hall Jeffrey D
Seller's Agent
Jason Lash
Berkshire Hathaway HomeServices Michigan Real Estate (South)
Buyer's Agent
Andy Richter
Richter Company
List Price
$180,000
Sold Price
$203,000
Premium/Discount to List
$23,000
12.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%
Original Mortgage
$109,200
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2006
Sold by
Gunter Craig D
Bought by
Wells Fargo Bank Na and Morgan Stanley Abs Capital I Inc Trust 2
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
Hall Jeffrey D -- Land Title
Hall Jeffrey D $203,000 None Available
Wells Fargo Bank Na $156,387 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hall Jeffrey D $100,000
Previous Owner Hall Jeffrey D $109,200
Previous Owner Middleton Cynthia L $98,000
Previous Owner Middleton Cynthia L $101,291
Previous Owner Middleton Cynthia L $119,000
Previous Owner Gunter Craig D $153,600
Previous Owner Gunter Craig D $38,400
Previous Owner Gunter Craig D $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $203,000 +12.8% --
08/16/2018 08/16/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $180,000 -- --
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 $3,835 $165,800 $0 $0
2024 $3,835 $149,200 $0 $0
2023 $4,726 $149,200 $0 $0
2022 $4,483 $109,400 $0 $0
2021 $4,376 $97,200 $0 $0
2020 $3,152 $87,500 $0 $0
2019 $4,263 $75,600 $0 $0
2018 $2,531 $67,600 $0 $0
2017 $2,468 $67,600 $0 $0
2016 $2,402 $59,700 $0 $0
2015 $2,333 $59,700 $0 $0
2013 -- $50,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jason Lash

    Berkshire Hathaway HomeServices Michigan Real Estate (South)

  • S

    Seller Co-Listing Agent in 2018

    Sherry Prins

    Berkshire Hathaway HomeServices Michigan Real Estate (South)

  • Andy Richter

    Buyer's Agent in 2018

    Andy Richter

    Richter Company

    (616) 293-7035

    3 in this area

    51 Total Sales

    Andy Richter
    Section Image

  • A

    Buyer's Agent in 2018

    Andrew Richter

    FS Realty LLC

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18039591

Southwestern Michigan Association of REALTORS®

APN: 41-18-31-402-025

Michigan Kent County Grand Rapids 49548 Kelloggsville

5790 Madison Ave SE, Grand Rapids, MI

This home is located at 5790 Madison Ave SE, Grand Rapids, MI 49548 since 13 August 2018 and is currently estimated at $350,565. This property was built in 1980. 5790 Madison Ave SE is a home located in Kent County with nearby schools including Glenwood Elementary School, Valleywood Middle School, and East Kentwood Freshman Campus.

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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