NOT LISTED FOR SALE

60 Union Ave NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $528,000 - $688,000

-- Bed
-- Bath
-- Sq Ft
6,784 Sq Ft Lot

Last Sold July 27, 2015

Last sale price $245,000

Est. 140% increase in value since last sale

Current estimated payment $3,788/month

12 Days on Market

Highlights

  • Corner Lot: Yes
  • Laundry Facilities
  • Wood Siding
  • Forced Air Heating and Cooling System
  • High Speed Internet
  • 3-minute walk to Baldwin Park

About This Home

As of July 2015

Fully occupied turn-key 4-unit investment property located close to Downtown GR in the very desirable Heritage Hill historic district, GRCC, Douglas J, Devos Place, Van Andel Arena and many other downtown Grand Rapids attractions. Current gross monthly rent roll is $2,965.00. Many recent updates. In process of renewing 4-year compliance cert. Accepting offers through June 19th at noon, the highest/best offer will be notified within 48 hours.

Last Agent to Sell the Property

Patrick Coffin

Urban Pharm LLC License #6502366822 Listed on: 06/12/2015

Co-Listed By

Bethany Reed

Urban Pharm LLC License #6501377461

Last Buyer's Agent

Patrick Coffin

Urban Pharm LLC License #6502366822 Listed on: 06/12/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,783

Year Built

  • Built in 1890

Lot Details

  • 6,784 Sq Ft Lot
  • Lot Dimensions are 53x128
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement

Parking

  • Carport
  • Unpaved Driveway

Utilities

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

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,783

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 53x128
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5783.0
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: 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
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 260000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Extras:Carports: Yes

Utilities

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

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 6784.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 5783.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2015
Closed on
Jul 27, 2015
Sold by
Beef Tank Llc
Bought by
Chaisteines Llc
Seller's Agent
Patrick Coffin
Urban Pharm LLC
Buyer's Agent
Patrick Coffin
Urban Pharm LLC
List Price
$260,000
Sold Price
$245,000
Premium/Discount to List
-$15,000
-5.77%
Current Estimated Value
$587,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,005
Avg. Annual Appreciation
9.38%

Purchase Details

Closed on
May 13, 2011
Sold by
Befus Reed
Bought by
Beef Tank Llc

Purchase Details

Closed on
Dec 3, 2010
Sold by
Rejob Llc
Bought by
Befus Reed J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,817
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 25, 2010
Sold by
Loftus James and Loftus Denise
Bought by
Booker Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,817
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 4, 2003
Sold by
Booker Joseph and Booker Rene
Bought by
Rejob Llc

Purchase Details

Closed on
Sep 2, 1988

Purchase Details

Closed on
Apr 23, 1987

Purchase Details

Closed on
Jun 29, 1984

Purchase Details

Closed on
Nov 1, 1983

Purchase Details

Closed on
Aug 12, 1982

Purchase Details

Closed on
Jun 2, 1982
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
Chaisteines Llc $245,000 Sun Title Agency Of Mi Llc
Beef Tank Llc -- None Available
Befus Reed J -- None Available
Booker Joseph $74,500 None Available
Rejob Llc -- --
-- $74,500 --
-- $60,100 --
-- $50,500 --
-- $50,000 --
-- $21,000 --
-- $22,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaisteines Llc $245,000
Previous Owner Befus Reed J $160,817
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2015 07/27/15 Sold $245,000 -5.8% --
06/24/2015 06/24/15 Pending -- -- --
06/12/2015 06/12/15 For Sale $260,000 -- --
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 $8,079 $224,400 $0 $0
2024 $8,079 $216,500 $0 $0
2023 $8,014 $216,500 $0 $0
2022 $7,617 $149,400 $0 $0
2021 $7,422 $148,500 $0 $0
2020 $7,173 $148,500 $0 $0
2019 $7,344 $148,800 $0 $0
2018 $7,120 $134,400 $0 $0
2017 $7,091 $143,100 $0 $0
2016 $7,655 $116,600 $0 $0
2015 $5,308 $116,600 $0 $0
2013 -- $106,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Patrick Coffin

    Urban Pharm LLC

  • B

    Seller Co-Listing Agent in 2015

    Bethany Reed

    Urban Pharm LLC

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15030626

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-278-008

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

60 Union Ave NE, Grand Rapids, MI

This home is located at 60 Union Ave NE, Grand Rapids, MI 49503 since 12 June 2015 and is currently estimated at $603,682. This property was built in 1890. 60 Union Ave NE is a home located in Kent County with nearby schools including Grand Rapids Montessori 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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