NOT LISTED FOR SALE

615 Ethel Ave SE Grand Rapids, MI 49506

Eastown Neighborhood

Estimated Value: $295,000 - $412,000

-- Bed
-- Bath
-- Sq Ft
5,227 Sq Ft Lot

Last Sold August 13, 2020

Last sale price $215,000

Est. 54% increase in value since last sale

Current estimated payment $2,215/month

3 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • High Speed Internet
  • Wood Siding

About This Home

As of August 2020

2 unit property conveniently located within walking distract to East town. The downstairs unit is a 1 bedroom 1 bath unit that's just over 700 sq feet. Similarly, the upstairs unit is a 1 bedroom 1 bathroom unit. The 2nd unit offers a huge attic area that could be finished off with the potential of adding a 2nd full bedroom and bathroom. Newer furnaces/ac units, updated electrical, newer hot water heater.

Last Agent to Sell the Property

Brenda Pratt

Keller Williams GR North (Main) License #6501394214 Listed on: 06/16/2020

Keller Williams GR North (Main)

Last Buyer's Agent

Peter Cachey

Icon Realty Group LLC License #6501420799

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,200

Year Built

  • Built in 1902

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,200

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1902
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 215000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5227.0
  • Zoning Description: residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 4199.73
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2025
Sold by
Luimes Richard and Summers Christopher
Bought by
615 Ethel Llc
Current Estimated Value
$331,492

Purchase Details

Closed on
Apr 26, 2024
Sold by
Briz Holdings Llc
Bought by
Luimes Richard and Summers Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2020
Closed on
Aug 19, 2020
Sold by
Baker And White Llc
Bought by
Briz Holdings Llc
Seller's Agent
Brenda Pratt
Keller Williams GR North (Main)
Buyer's Agent
Peter Cachey
Icon Realty Group LLC
List Price
$215,000
Sold Price
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.13%
Original Mortgage
$158,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2020
Closed on
Aug 13, 2020
Sold by
Baker And White Llc
Bought by
Briz Holdings Llc
Seller's Agent
Brenda Pratt
Keller Williams GR North (Main)
Buyer's Agent
Peter Cachey
Icon Realty Group LLC
List Price
$215,000
Sold Price
$215,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2018
Closed on
Aug 24, 2018
Sold by
Sherman Wendy Joyce
Bought by
Baker And White Llc
Seller's Agent
Ashleigh VanDuinen-Leistra
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Brenda Pratt
Keller Williams GR North (Main)
List Price
$177,500
Sold Price
$155,000
Premium/Discount to List
-$22,500
-12.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.40%
Original Mortgage
$116,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 15, 2018
Closed on
Jul 31, 2018
Sold by
Kassouni Holdings Llc
Bought by
Sherman Wendy Joyce
Seller's Agent
Ashleigh VanDuinen-Leistra
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Brenda Pratt
Keller Williams GR North (Main)
List Price
$177,500
Sold Price
$155,000
Premium/Discount to List
-$22,500
-12.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2016
Sold by
Kassouni Van
Bought by
Kassouni Holdings Llc

Purchase Details

Closed on
Nov 27, 1996
Sold by
Vanbarness and Vankassouni
Bought by
Kassouni Van and Kassouni Van

Purchase Details

Closed on
Jun 24, 1996
Sold by
Murray Murray W W and Murray Barsness T
Bought by
Kassouni Barsness T and Kassouni Van

Purchase Details

Closed on
Mar 5, 1996
Bought by
Kassouni Barsness T and Kassouni Van

Purchase Details

Closed on
Jun 8, 1995

Purchase Details

Closed on
Dec 17, 1993
Sold by
Barsness Barsness T T and Barsness Murray W
Bought by
Kassouni Van

Purchase Details

Closed on
Jul 6, 1993
Bought by
Kassouni Van

Purchase Details

Closed on
Aug 28, 1987
Bought by
Kassouni Van

Purchase Details

Closed on
May 15, 1985
Bought by
Kassouni Van
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
615 Ethel Llc -- None Listed On Document
Luimes Richard $270,000 Chicago Title
Briz Holdings Llc $215,000 None Listed On Document
Briz Holdings Llc $215,000 None Available
Baker And White Llc -- None Available
Sherman Wendy Joyce $155,000 None Available
Kassouni Holdings Llc -- Attorney
Kassouni Van $31,000 --
Kassouni Barsness T -- --
Kassouni Barsness T -- --
-- -- --
Kassouni Van -- --
Kassouni Van $20,000 --
Kassouni Van $28,000 --
Kassouni Van $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luimes Richard $202,500
Previous Owner Briz Holdings Llc $158,250
Previous Owner Briz Holdings Llc $158,250
Previous Owner Sherman Wendy Joyce $116,250
Previous Owner Kassouni Holdings Llc $210,000
Previous Owner Kassouni Van $410,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2020 08/13/20 Sold $215,000 0.0% --
06/19/2020 06/19/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $215,000 +38.7% --
07/31/2018 07/31/18 Sold $155,000 -12.7% --
06/25/2018 06/25/18 Pending -- -- --
05/15/2018 05/15/18 For Sale $177,500 -- --
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 $5,386 $142,600 $0 $0
2024 $5,386 $128,500 $0 $0
2023 $5,343 $106,900 $0 $0
2022 $5,078 $100,100 $0 $0
2021 $4,948 $94,800 $0 $0
2020 $4,102 $91,700 $0 $0
2019 $4,200 $78,700 $0 $0
2018 $1,873 $70,500 $0 $0
2017 $1,827 $53,000 $0 $0
2016 $1,836 $48,100 $0 $0
2015 $1,750 $48,100 $0 $0
2013 -- $39,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brenda Pratt

    Seller's Agent in 2020

    Brenda Pratt

    Keller Williams GR North (Main)

    (616) 340-8129

    2 in this area

    138 Total Sales

    Brenda Pratt
    Section Image

  • P

    Buyer's Agent in 2020

    Peter Cachey

    Icon Realty Group LLC

    Section Image

  • A

    Seller's Agent in 2018

    Ashleigh VanDuinen-Leistra

    RE/MAX Michigan

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20022121

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-276-022

Michigan Kent County Grand Rapids 49506 Eastown

615 Ethel Ave SE, Grand Rapids, MI

This home is located at 615 Ethel Ave SE, Grand Rapids, MI 49506 since 16 June 2020 and is currently estimated at $331,492. This property was built in 1902. 615 Ethel Ave SE is a home located in Kent County with nearby schools including Campus Elementary School, 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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