NOT LISTED FOR SALE

624 Lamberton St NE Grand Rapids, MI 49505

Creston Neighborhood

Estimated Value: $315,000 - $374,000

-- Bed
-- Bath
-- Sq Ft
7,231 Sq Ft Lot

Last Sold January 15, 2021

Last sale price $210,000

Est. 63% increase in value since last sale

Current estimated payment $2,327/month

14 Days on Market

Highlights

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

About This Home

As of January 2021

4 unit investment opportunity hits the market for the first time since 1993. Located NE Grand Rapids, this property is tucked back on a quiet dead end street. Featuring 4, 1 bed, 1 bath apartments. Large bedrooms with huge closets in each unit. Off street parking available for tenants and plenty of extra street parking. With some updating and TLC, this property would be a great addition to any rental portfolio or owner occupant. Long term tenants currently occupy the property. Each tenant is month to month and rents currently well below market rent. Scheduled your showing today. Buyer to verify square footage. *Showings to begin Sat Dec, 19th 1-6pm. Sun Dec 20th, 1-6pm. Schedule your showings today. square footage.

Last Agent to Sell the Property

Josh May

RE/MAX of Grand Rapids (FH) License #6501301200 Listed on: 12/17/2020

RE/MAX of Grand Rapids (FH)

Co-Listed By

Ross Bacon

RE/MAX of Grand Rapids (FH) License #6501381489

Last Buyer's Agent

Kyle Naumann

Edison Brokers & Co LLC License #6502426806

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,964

Year Built

  • Built in 1900

Lot Details

  • 7,231 Sq Ft Lot

Parking

  • 4 Parking Spaces

Home Design

  • Rubber Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,964

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: 260000.0
  • Number of Buildings: 1
  • Roof: Rubber
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Natural Gas, Wall Furnace, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7231.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 2964.36
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2024
Sold by
Naumann Kyle
Bought by
Naumann Group Llc
Current Estimated Value
$341,834

Purchase Details

Listed on
Dec 17, 2020
Closed on
Jan 15, 2021
Sold by
Guelzo Meredith
Bought by
624 Lamberton Llc
Seller's Agent
Josh May
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Kyle Naumann
Edison Brokers & Co LLC
List Price
$260,000
Sold Price
$210,000
Premium/Discount to List
-$50,000
-19.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.87%

Purchase Details

Closed on
Sep 30, 1993
Sold by
Stursma Stursma T T and Stursma Guelzo M
Bought by
Guelzo Meredith

Purchase Details

Closed on
Jul 24, 1992
Bought by
Guelzo Meredith

Purchase Details

Closed on
May 26, 1972
Bought by
Guelzo Meredith
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
Naumann Group Llc -- None Listed On Document
Naumann Kyle -- None Listed On Document
624 Lamberton Llc $210,000 First American Title
Guelzo Meredith $21,500 --
Guelzo Meredith $16,000 --
Guelzo Meredith -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2021 01/15/21 Sold $210,000 -19.2% --
12/31/2020 12/31/20 Pending -- -- --
12/17/2020 12/17/20 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 $6,082 $156,400 $0 $0
2024 $6,082 $135,600 $0 $0
2023 $5,813 $116,100 $0 $0
2022 $6,119 $118,000 $0 $0
2021 $3,015 $104,200 $0 $0
2020 $2,723 $98,800 $0 $0
2019 $2,788 $81,800 $0 $0
2018 $2,703 $67,300 $0 $0
2017 $2,636 $56,500 $0 $0
2016 $2,649 $51,300 $0 $0
2015 $2,524 $51,300 $0 $0
2013 -- $53,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Josh May

    Seller's Agent in 2021

    Josh May

    RE/MAX Michigan

    (616) 318-0924

    19 in this area

    319 Total Sales

    Josh May
    Section Image
  • Ross Bacon

    Seller Co-Listing Agent in 2021

    Ross Bacon

    RE/MAX Michigan

    (616) 633-6619

    13 in this area

    130 Total Sales

    Ross Bacon
    Section Image

  • K

    Buyer's Agent in 2021

    Kyle Naumann

    Edison Brokers & Co LLC

    (616) 581-1433

    16 in this area

    97 Total Sales

    Kyle Naumann
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20050996

Southwestern Michigan Association of REALTORS®

APN: 41-14-06-429-026

Michigan Kent County Grand Rapids 49505 Creston

624 Lamberton St NE, Grand Rapids, MI

This home is located at 624 Lamberton St NE, Grand Rapids, MI 49505 since 17 December 2020 and is currently estimated at $341,834. This property was built in 1900. 624 Lamberton St NE is a home located in Kent County with nearby schools including Riverside Middle School, Union High School, and ISJ Academy.

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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