NOT LISTED FOR SALE

5906 Christie Ave SE Kentwood, MI 49508

Ridgebrook Neighborhood

Estimated Value: $720,995

-- Bed
-- Bath
-- Sq Ft
0.6 Acres

Last Sold March 18, 2020

Last sale price $460,000

Est. 57% increase in value since last sale

Current estimated payment $4,752/month

6 Days on Market

Highlights

  • Forced Air Heating System
  • East Kentwood High School Rated A-
  • High Speed Internet

About This Home

As of March 2020

This is your chance to own a 6 unit townhouse to jumpstart or supplement your investment portfolio. Cap rate at 10%. Current rent roll with all 6 is $5080/month. Each townhouse is a 2 bedroom 1.5 bath with a daylight basement for added storage. Full renovation was done on 3 of the 6 units, renovations on the 4th unit is underway. New LVP flooring in the remodeled units, paint, new cabinetry and carpets. There is abundant off street parking in the back. Near main shopping areas and major highways in one of the fastest growing areas near the the City of Grand Rapids. Contact agent for more detailed financial information.

Last Agent to Sell the Property

Rachel Deback

Bellabay Realty (North) License #6501367568 Listed on: 02/05/2020

Bellabay Realty (North)

Last Buyer's Agent

Gerald Feenstra

RE/MAX of Grand Rapids (Stndl)

RE/MAX of Grand Rapids (Stndl)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $10,177

Year Built

  • Built in 1974

Lot Details

  • 0.6

Parking

  • 16 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Natural lighting in basement
  • 0.6 Acre Lot

Community Details

  • 6 Units
  • Maintenance Expense $13,424

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$10,177

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight

Exterior Features

  • Construction Materials: Brick
  • List Price: 470000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 16.0

Utilities

  • Cooling: None
  • Cooling: No
  • 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: 0.6
  • Lot Size Area: 0.6
  • Lot Size Sq Ft: 26136.0
  • Zoning Description: Commercial
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Maintenance Expense: 13424.0
  • Number of Units Total: 6

Tax Info

  • Tax Annual Amount: 10177.13
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2020
Closed on
Mar 18, 2020
Sold by
Ten Porticos Llc
Bought by
Fenstra Enterprises Llc
Seller's Agent
Rachel Deback
Bellabay Realty (North)
Buyer's Agent
Gerald Feenstra
RE/MAX of Grand Rapids (Stndl)
List Price
$470,000
Sold Price
$460,000
Premium/Discount to List
-$10,000
-2.13%
Current Estimated Value
$720,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,995
Avg. Annual Appreciation
8.29%
Original Mortgage
$325,000
Outstanding Balance
$289,777
Interest Rate
3.4%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$416,757

Purchase Details

Closed on
May 31, 2019
Sold by
Santos Eric C and Santos Joyce L
Bought by
Ten Porticos Llc

Purchase Details

Closed on
Mar 30, 2018
Sold by
Lease A Lot Llc
Bought by
Santos Eric and Santos Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 2004
Sold by
Blasen Steven and Blasen Kimberly A
Bought by
Lease A Lot Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
6.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 15, 2003
Sold by
Piccione Properties Llc
Bought by
Blasen Steven and Blasen Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
6.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 2, 2002
Sold by
Piccione Calogero and Piccione Rosalia
Bought by
Piccione Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
6.39%
Mortgage Type
Commercial
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
Fenstra Enterprises Llc $440,000 Sun Title Agency Of Mi Llc
Ten Porticos Llc -- None Available
Santos Eric $377,000 Sun Title Agency Of Michigan
Lease A Lot Llc -- --
Blasen Steven $326,000 Fatic
Piccione Properties Llc -- Chicago Title Of Mi Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fenstra Enterprises Llc $325,000
Previous Owner Santos Eric $300,000
Previous Owner Lease A Lot Llc $324,000
Previous Owner Blasen Steven $246,000
Previous Owner Piccione Properties Llc $920,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2020 03/18/20 Sold $460,000 -2.1% --
02/11/2020 02/11/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $470,000 -- --
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 $9,656 $296,700 $0 $0
2024 $9,656 $283,800 $0 $0
2023 $11,901 $306,100 $0 $0
2022 $11,289 $235,700 $0 $0
2021 $11,018 $196,700 $0 $0
2020 $7,527 $193,700 $0 $0
2019 $4,963 $180,500 $0 $0
2018 $4,963 $133,400 $0 $0
2017 $4,843 $102,000 $0 $0
2016 $4,726 $95,700 $0 $0
2015 $4,611 $95,700 $0 $0
2013 -- $82,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Rachel Deback

    Bellabay Realty (North)

    (616) 902-9149

    19 Total Sales

    Section Image
  • Gerald Feenstra

    Buyer's Agent in 2020

    Gerald Feenstra

    RE/MAX Michigan

    (616) 706-2674

    2 in this area

    383 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20004278

Southwestern Michigan Association of REALTORS®

APN: 41-18-32-427-028

Michigan Kent County Kentwood 49508 Ridgebrook

5906 Christie Ave SE, Kentwood, MI

This home is located at 5906 Christie Ave SE, Kentwood, MI 49508 since 05 February 2020 and is currently estimated at $720,995. This property was built in 1974. 5906 Christie Ave SE is a home located in Kent County with nearby schools including Brookwood Elementary, Valleywood Middle School, and East Kentwood 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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