NOT LISTED FOR SALE

604 Windsor Terrace SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $388,000 - $562,000

-- Bed
-- Bath
-- Sq Ft
4,661 Sq Ft Lot

Last Sold August 26, 2019

Last sale price $375,000

Est. 26% increase in value since last sale

Current estimated payment $3,261/month

16 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Wood Siding
  • 2-minute walk to Baldwin Park

About This Home

As of August 2019

Fantastic 3 unit located on Windsor Terrace, a private/public street. Located close to colleges, restaurants, and downtown Grand Rapids it is a wonderful location for tenants or home owner occupant. So great that the current leases have been long term – 3 yrs/5yrs respectively, main is owner occupied. Rents are low due to great tenants. Average potential rents for the area are $1300- 2 bed / $950 – 1 bed, and $850 – studio. A potential gross of $37200/yr on average. Meticulously maintained for easy maintenance with just a 10 year old roof, 12 yr old furnace. First floor Owners unit offers a 2 bed / 1 bath apartment w/ original fireplace, leaded glass window, pocket doors, and loads of character. The upper 1 bed / 1 bath unit has a great flow and space. The upper studio unit is huge & could potentially be expanded into the unfinished attic to raise the rents even higher! Front and back entrances available to all units. Shed and private backyard patio can be shared. Laundry and tons of storage space in the basement. Off street parking and street parking.

Last Agent to Sell the Property

Joshua Heyboer

Keller Williams GR East Listed on: 07/11/2019

Keller Williams GR East

Last Buyer's Agent

John Boggiano

Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6501308156

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,912

Year Built

  • Built in 1900

Lot Details

  • 4,661 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Overview

  • 3 Units

Building Details

  • Maintenance Expense $300
  • Gross Income $17,400

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,912

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 375000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4661.0
  • Zoning Description: NA
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 17400.0
  • Maintenance Expense: 300.0
  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2911.81
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2019
Closed on
Aug 26, 2019
Sold by
Jinkins David L
Bought by
Funk Jason S
Seller's Agent
Joshua Heyboer
Keller Williams GR East
Buyer's Agent
John Boggiano
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$399,900
Sold Price
$375,000
Premium/Discount to List
-$24,900
-6.23%
Total Days on Market
16
Current Estimated Value
$473,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,625
Avg. Annual Appreciation
5.53%
Original Mortgage
$362,484
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 2008
Sold by
Jinkins David L and Frechette Sandra K
Bought by
Jinkins David L and Frechette Sandra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
6.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 1987

Purchase Details

Closed on
Mar 21, 1984
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
Funk Jason S $375,000 Grand Rapids Title Co Llc
Jinkins David L -- None Available
-- $65,000 --
-- $21,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Funk Jason S $363,119
Closed Funk Jason S $363,119
Closed Funk Jason S $362,484
Previous Owner Jinkins David L $134,500
Previous Owner Jinkins David L $137,000
Previous Owner Jinkins David L $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2019 08/26/19 Sold $375,000 -6.2% --
07/27/2019 07/27/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $399,900 -- --
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 $7,460 $226,800 $0 $0
2024 $7,460 $183,400 $0 $0
2023 $5,836 $174,100 $0 $0
2022 $5,800 $177,900 $0 $0
2021 $5,659 $131,300 $0 $0
2020 $5,691 $135,300 $0 $0
2019 $2,914 $114,600 $0 $0
2018 $2,821 $106,400 $0 $0
2017 $2,749 $93,400 $0 $0
2016 $2,771 $84,700 $0 $0
2015 $2,615 $84,700 $0 $0
2013 -- $69,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joshua Heyboer

    Seller's Agent in 2019

    Joshua Heyboer

    Keller Williams GR East

    (616) 446-4067

    154 Total Sales

    Joshua Heyboer
    Section Image

  • J

    Buyer's Agent in 2019

    John Boggiano

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 293-5693

    82 Total Sales

    John Boggiano
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19032280

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-430-002

Michigan Kent County Grand Rapids 49503 East Hills

604 Windsor Terrace SE, Grand Rapids, MI

This home is located at 604 Windsor Terrace SE, Grand Rapids, MI 49503 since 11 July 2019 and is currently estimated at $473,625. This property was built in 1900. 604 Windsor Terrace SE 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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