NOT LISTED FOR SALE

583 Sheldon Ave SE Grand Rapids, MI 49503

Southeast Community Association Neighborhood

Estimated Value: $278,000 - $413,000

4 Beds
2 Baths
-- Sq Ft
6,011 Sq Ft Lot

Last Sold March 24, 2023

Last sale price $282,000

Est. 17% increase in value since last sale

Current estimated payment $2,077/month

3 Days on Market

About This Home

As of March 2023

Opportunity is knocking with this great 2-unit investment right in downtown GR! Use as your primary residence to house hack, living in one side and renting out the other to live for cheap or free, or rent both units letting it cash flow, either way, growing your net worth! City Certified through 2/13/2029! Both apartments are move-in ready condition, with fresh paint and updates! Vinyl windows throughout, separate utilities, get in to see this one fast before it's gone!

Last Agent to Sell the Property

Doug Mol

Five Star Real Estate (Main) Listed on: 02/15/2023

Five Star Real Estate (Main)

Last Buyer's Agent

Brenden Stark

Keller Williams GR North (Main) License #6501425717

Keller Williams GR North (Main)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,598

Year Built

  • Built in 1879

Lot Details

  • 6,011 Sq Ft Lot
  • Lot Dimensions are 41x147

Home Design

  • Composition Roof
  • Aluminum Siding
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Crawl Space

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,598

Year Built

Built in 1879

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1879
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 41X147
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1598.37
  • Tax Info:Zoning3: RES-Improved
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Substructure:Crawl Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Crawl Space

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 249900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6011.0
  • Zoning Description: RES-Improved
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1598.37
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2023
Closed on
Mar 24, 2023
Sold by
Douglas E Mol Llc
Bought by
Maxfield Bronston
Seller's Agent
Doug Mol
Five Star Real Estate (Main)
Buyer's Agent
Brenden Stark
Keller Williams GR North (Main)
List Price
$249,900
Sold Price
$282,000
Premium/Discount to List
$32,100
12.85%
Views
9
Current Estimated Value
$328,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,750
Avg. Annual Appreciation
5.05%
Original Mortgage
$276,892
Outstanding Balance
$269,094
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$49,268

Purchase Details

Closed on
Jun 7, 2010
Sold by
Mol Doug and Mol Douglas Edward
Bought by
Douglas E Mol Llc

Purchase Details

Closed on
May 22, 2009
Sold by
Trott & Trott Pc
Bought by
Jdm Holdings Llc

Purchase Details

Closed on
Feb 13, 2008
Sold by
Mortgage Electronic Registration Systems
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 6, 2008
Sold by
Tatum Joann and Tatum Will
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
May 26, 1993

Purchase Details

Closed on
Aug 10, 1990
Sold by
Tatum Hodge L
Bought by
Douglas E Mol 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
Maxfield Bronston $282,000 Star Title
Douglas E Mol Llc -- None Available
Jdm Holdings Llc $9,000 Warranty Title Agency Llc
Federal National Mortgage Association -- None Available
Mortgage Electronic Registration Systems $50,478 None Available
-- $100 --
Douglas E Mol Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maxfield Bronston $276,892
Previous Owner Tatum Joann $16,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2023 03/24/23 Sold $282,000 +12.8% --
02/18/2023 02/18/23 Pending -- -- --
02/15/2023 02/15/23 For Sale $249,900 -- --
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 $3,602 $96,900 $0 $0
2024 $3,602 $88,300 $0 $0
2023 $1,682 $80,300 $0 $0
2022 $1,598 $66,900 $0 $0
2021 $1,557 $60,500 $0 $0
2020 $1,505 $51,800 $0 $0
2019 $1,541 $43,900 $0 $0
2018 $1,494 $33,200 $0 $0
2017 $1,458 $27,800 $0 $0
2016 $1,465 $27,300 $0 $0
2015 $1,396 $27,300 $0 $0
2013 -- $27,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Doug Mol

    Seller's Agent in 2023

    Doug Mol

    Five Star Real Estate (Main)

    (616) 667-9677

    2 in this area

    124 Total Sales

    Doug Mol
    Section Image

  • B

    Buyer's Agent in 2023

    Brenden Stark

    Keller Williams GR North (Main)

    (616) 617-2665

    1 in this area

    41 Total Sales

    Brenden Stark
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23004621

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-108-022

Michigan Kent County Grand Rapids 49503 Southeast Community Association

583 Sheldon Ave SE, Grand Rapids, MI

This home is located at 583 Sheldon Ave SE, Grand Rapids, MI 49503 since 15 February 2023 and is currently estimated at $328,750. This property was built in 1879. 583 Sheldon Ave 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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