NOT LISTED FOR SALE

5875 Ridgebrook Ave SE Kentwood, MI 49508

Ridgebrook Neighborhood

Estimated Value: $349,000 - $396,000

-- Bed
3 Baths
-- Sq Ft
0.26 Acres

Last Sold October 22, 2014

Last sale price $95,000

Est. 285% increase in value since last sale

Current estimated payment $2,216/month

104 Days on Market

Highlights

  • Wooded Lot
  • 1 Fireplace
  • Wood Siding
  • East Kentwood High School Rated A-
  • Forced Air Heating System

About This Home

As of October 2014

Nice Duplex with new roof in 2013. Each side is rented for $850 each. Left side unit is 3 bedroom & 1 bath, Right side unit is 3 bedroom & 2 bath. This property produces a nice cash flow. No sign in yard.

Last Agent to Sell the Property

Mike Friar

Anchor Realty LLC License #6502395458 Listed on: 06/26/2014

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 1968

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 82 x 140
  • Wooded Lot

Parking

  • 4 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Natural lighting in basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

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: 82 x 140
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3260.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Daylight: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Daylight
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding, Brick, Aluminum Siding
  • List Price: 114900.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Aluminum Siding: Yes
  • Exterior Material:Wood Siding: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Storm Sewer Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Area: 0.26
  • Lot Dimensions: 82 x 140
  • Lot Size Sq Ft: 11326.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3260.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2014
Closed on
Oct 22, 2014
Sold by
Vennen Jack Vander and Vennen Linda Vander
Bought by
Fazlic Sanel
Seller's Agent
Mike Friar
Anchor Realty LLC
Buyer's Agent
John Rice
Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)
List Price
$134,900
Sold Price
$95,000
Premium/Discount to List
-$39,900
-29.58%
Current Estimated Value
$365,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,490
Avg. Annual Appreciation
12.54%
Original Mortgage
$71,250
Outstanding Balance
$55,425
Interest Rate
4.19%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$286,316

Purchase Details

Closed on
Jan 24, 2007
Sold by
Rivas Bernabe P and Rivas Tiffany
Bought by
Deutsche Bank National Trust Co and Argent Mortgage Loan Asset Backed Notes

Purchase Details

Closed on
Jan 28, 2005
Sold by
Ashby Jeff and Ashby Mary
Bought by
Rivas Bernabe P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 17, 2005
Sold by
Vandermey Beatrice A
Bought by
Ashby Jeff and Ashby Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,400
Interest Rate
7.65%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Fazlic Sanel $95,000 First American Title Ins Co
Deutsche Bank National Trust Co $141,099 None Available
Rivas Bernabe P $168,000 --
Ashby Jeff -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fazlic Sanel $71,250
Previous Owner Rivas Bernabe P $134,400
Closed Rivas Bernabe P $33,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2014 10/22/14 Sold $95,000 -29.6% --
10/08/2014 10/08/14 Pending -- -- --
06/26/2014 06/26/14 For Sale $134,900 -- --
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 $3,306 $171,200 $0 $0
2024 $3,306 $154,100 $0 $0
2023 $3,021 $148,600 $0 $0
2022 $3,865 $102,700 $0 $0
2021 $3,772 $97,900 $0 $0
2020 $2,718 $88,100 $0 $0
2019 $3,675 $79,300 $0 $0
2018 $3,594 $70,400 $0 $0
2017 $3,507 $66,000 $0 $0
2016 $3,422 $61,600 $0 $0
2015 $3,338 $61,600 $0 $0
2013 -- $59,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mike Friar

    Anchor Realty LLC

    (616) 204-4800

    2 in this area

    79 Total Sales

    Mike Friar
    Section Image
  • John Rice

    Buyer's Agent in 2014

    John Rice

    Berkshire Hathaway HomeServices Michigan Real Estate (Cascade)

    (616) 951-4663

    1 in this area

    129 Total Sales

    John Rice
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14036362

Southwestern Michigan Association of REALTORS®

APN: 41-18-32-451-007

Michigan Kent County Kentwood 49508 Ridgebrook

5875 Ridgebrook Ave SE, Kentwood, MI

This home is located at 5875 Ridgebrook Ave SE, Kentwood, MI 49508 since 26 June 2014 and is currently estimated at $365,490. This property was built in 1968. 5875 Ridgebrook 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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