NOT LISTED FOR SALE

616 Michigan St NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $628,000 - $852,000

-- Bed
-- Bath
-- Sq Ft
6,011 Sq Ft Lot

Last Sold December 10, 2020

Last sale price $595,000

Est. 24% increase in value since last sale

Current estimated payment $4,504/month

6 Days on Market

About This Home

As of December 2020

Absolutely gorgeous turn of the century brick 4 unit in the heart of it all. Located seconds from the medical mile, this building has a fantastic rental history for obvious reasons. The exterior of this building is in remarkable condition. Beautiful hardwood floors throughout every unit. Large windows, high ceilings, and spacious living areas make these units feel enormous. Recently updated large kitchens add an efficent touch of modern to the historic beauty of the appartments. All four units have individual laundry hookups and large 400 sf storage room downstairs.

Last Agent to Sell the Property

Jason Carlson

Century 21 Affiliated (GR) License #6501387567 Listed on: 10/07/2020

Century 21 Affiliated (GR)

Last Buyer's Agent

Brandon Tironi

616 Realty LLC License #6501405663

616 Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,130

Year Built

  • Built in 1905

Lot Details

  • 6,011 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Rubber Roof
  • Stone

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,130

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Brick, Stone
  • List Price: 599900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6011.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4129.55
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2020
Closed on
Dec 10, 2020
Sold by
Garrett J Stam Revocable Living Trust
Bought by
Tironi Robert J
Seller's Agent
Jason Carlson
Century 21 Affiliated (GR)
Buyer's Agent
Brandon Tironi
616 Realty LLC
List Price
$599,900
Sold Price
$595,000
Premium/Discount to List
-$4,900
-0.82%
Current Estimated Value
$739,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,860
Avg. Annual Appreciation
4.72%
Original Mortgage
$446,250
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2020
Sold by
Tironi Robert J
Bought by
River City Holdings Company Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,180
Interest Rate
2.7%
Mortgage Type
Commercial
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
Tironi Robert J $595,000 First American Title Ins Co
River City Holdings Company Llc $599,430 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tironi Robert J $446,250
Previous Owner River City Holdings Company Llc $153,180
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2020 12/10/20 Sold $595,000 -0.8% --
10/13/2020 10/13/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $599,900 -- --
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 $5,761 $225,200 $0 $0
2024 $5,761 $214,200 $0 $0
2023 $5,715 $214,200 $0 $0
2022 $5,431 $186,200 $0 $0
2021 $5,497 $101,400 $0 $0
2020 $3,975 $101,400 $0 $0
2019 $4,070 $101,400 $0 $0
2018 $3,946 $93,600 $0 $0
2017 $3,849 $93,600 $0 $0
2016 $3,868 $93,600 $0 $0
2015 $3,685 $93,600 $0 $0
2013 -- $93,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jason Carlson

    Century 21 Affiliated (GR)

    (616) 719-9329

    1 in this area

    70 Total Sales

    Jason Carlson
    Section Image
  • Brandon Tironi

    Buyer's Agent in 2020

    Brandon Tironi

    616 Realty LLC

    (616) 843-5050

    2 in this area

    10 Total Sales

    Brandon Tironi
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20029316

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-226-004

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

616 Michigan St NE, Grand Rapids, MI

This home is located at 616 Michigan St NE, Grand Rapids, MI 49503 since 07 October 2020 and is currently estimated at $739,860. This property was built in 1905. 616 Michigan St 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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