NOT LISTED FOR SALE

Estimated Value: $347,000 - $356,000

-- Bed
-- Bath
-- Sq Ft
7,440 Sq Ft Lot

Last Sold December 28, 2022

Last sale price $287,500

Est. 22% increase in value since last sale

Current estimated payment $2,517/month

2 Days on Market

About This Home

As of December 2022

Opportunity awaits in Grand Rapids! This up and down fully rented duplex is ready for a new owner. Located within walking distance of Medical Mile and GVSU Health campus. Main floor unit has 2 bedrooms, 1 updated bath, large kitchen, living space and refinished floors. Upstairs has 1 bedroom, 1 bath, office, large living/dining rooms, refinished hardwoods and an updated kitchen with new floors and appliances. Roof and gutters new 2010. Separate utilities are tenant paid except water. 2 boilers installed new 2007. One newer water heater 2021, the other 2013. Replacement windows throughout. Siding and insulation in good shape too. Full basement has storage, utilities and shared coin-op laundry. Owner is a Licensed Realtor in the State of Michigan. GR Rental Cert through 2025.

Last Agent to Sell the Property

Steven Elder

Coldwell Banker Schmidt Realtors Listed on: 12/01/2022

Coldwell Banker Schmidt Realtors

Last Buyer's Agent

Rebecca Donald

Novosad Realty Partners License #6501317586

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,018

Year Built

  • Built in 1900

Lot Details

  • 7,440 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,018

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

  • List Price: 288500.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Hot Water
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7440.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4017.78
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2022
Closed on
Jan 13, 2023
Sold by
Elder Jodie and Elder Steven
Bought by
Fridoon And Mahrokh Rahimi Joint Revocable Li
Seller's Agent
Steven Elder
Coldwell Banker Schmidt Realtors
Buyer's Agent
Rebecca Donald
Novosad Realty Partners
List Price
$288,500
Sold Price
$287,500
Premium/Discount to List
-$1,000
-0.35%
Views
6
Current Estimated Value
$350,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,233
Avg. Annual Appreciation
8.73%

Purchase Details

Listed on
Apr 14, 2014
Closed on
Jun 6, 2014
Sold by
Lyman Laurene E
Bought by
Elder Jodie and Elder Steven
Seller's Agent
Beverly Boerman
Five Star Real Estate (Eastown)
Buyer's Agent
Steven Elder
Coldwell Banker Schmidt Realtors
List Price
$129,900
Sold Price
$129,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%
Original Mortgage
$77,940
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 15, 1987

Purchase Details

Closed on
Sep 14, 1987
Bought by
Lyman Laurene E

Purchase Details

Closed on
Sep 23, 1982
Bought by
Lyman Laurene E
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
Fridoon And Mahrokh Rahimi Joint Revocable Li $287,500 Sun Title Agency Of Michigan
Elder Jodie $129,900 None Available
-- $35,500 --
Lyman Laurene E $35,500 --
Lyman Laurene E $35,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elder Jodie $77,940
Previous Owner Lyman Laurene E $40,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2022 12/28/22 Sold $287,500 -0.3% --
12/03/2022 12/03/22 Pending -- -- --
12/01/2022 12/01/22 For Sale $288,500 +122.1% --
06/06/2014 06/06/14 Sold $129,900 0.0% --
04/18/2014 04/18/14 Pending -- -- --
04/14/2014 04/14/14 For Sale $129,900 -- --
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 $7,454 $160,700 $0 $0
2024 $7,454 $153,100 $0 $0
2023 $7,276 $142,300 $0 $0
2022 $3,947 $129,000 $0 $0
2021 $3,939 $115,900 $0 $0
2020 $3,717 $103,700 $0 $0
2019 $3,806 $93,800 $0 $0
2018 $3,689 $81,500 $0 $0
2017 $3,599 $72,600 $0 $0
2016 $3,616 $67,400 $0 $0
2015 $3,446 $67,400 $0 $0
2013 -- $52,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22049547

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-334-031