NOT LISTED FOR SALE

629 Cherry St SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $367,000 - $431,000

-- Bed
-- Bath
-- Sq Ft
0.27 Acres

Last Sold August 31, 2017

Last sale price $305,000

Est. 31% increase in value since last sale

Current estimated payment $2,610/month

1 Day on Market

Highlights

  • 0.27 Acre Lot
  • Laundry Facilities
  • Wood Siding
  • Forced Air Heating and Cooling System
  • High Speed Internet
  • 2-minute walk to Cherry Park

About This Home

As of August 2017

Cherry Street 3-Unit located in the Historic Cherry Hill area. Walking distance to Cherry Street shopping
and restaurants and local park.
Minutes to downtown and freeways. A large lot with off-street parking for tenants. Beautifully updated and maintained with new Jeld-Wen windows throughout, new electrical panels (3 separate panels), new water heater, new plumbing, many new fixtures throughout all three apartments, new appliances, etc. Owner pays all utilities. All apartments are rented into spring and summer 2018 with solid tenants. City inspections just completed and transferable within 6 months. This is not a paint and carpet rehab. Care was taken every step of the way. Whether this is your first investment property or tenth, you will want to see the ease of ownership on this.

Last Agent to Sell the Property

Jason Carpenter

Keller Williams GR East License #6502430921 Listed on: 08/07/2017

Keller Williams GR East

Co-Listed By

Candice Strehl

Keller Williams GR East License #6506048218

Last Buyer's Agent

Greg Williamson

Greenridge Realty (Cascade) License #6502380598

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,366

Year Built

  • Built in 1900

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 71x165

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Unpaved Driveway

Utilities

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

Listing and Financial Details

  • The owner pays for water, sewer, gas

Community Details

Building Details

  • Insurance Expense $1,658
  • Utility Expense $3,320
  • Operating Expense $8,000
  • Gross Income $33,900
  • Net Operating Income $25,900

Additional Features

  • 3 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,366

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
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 71x165
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2366.21
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Extras:Laundry Facility: Yes
  • Driveway:Shared Unpaved: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 300000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, 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: 0.27
  • Lot Size Area: 0.27
  • Lot Size Sq Ft: 11715.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer, Gas

Multi Family

  • Gross Income: 33900.0
  • Insurance Expense: 1658.0
  • Net Operating Income: 25900.0
  • Number of Units Total: 3
  • Operating Expense: 8000.0

Tax Info

  • Tax Annual Amount: 2366.21
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2017
Closed on
Aug 31, 2017
Sold by
Boos Joseph B and Boos Mandy V
Bought by
Willcherr Llc
Seller's Agent
Jason Carpenter
Keller Williams GR East
Buyer's Agent
Greg Williamson
Greenridge Realty (Cascade)
List Price
$300,000
Sold Price
$305,000
Premium/Discount to List
$5,000
1.67%
Current Estimated Value
$399,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,579
Avg. Annual Appreciation
3.08%

Purchase Details

Closed on
Feb 7, 2001
Sold by
Nixon Mandy V and Zanke Mandy V
Bought by
Nixon Mandy V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,500
Interest Rate
7.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 2000
Sold by
Zanke Zanke E E and Zanke M
Bought by
Boos Joseph B Mandy V

Purchase Details

Closed on
Apr 27, 1995
Sold by
Beck Beck D D and Beck Zanke E
Bought by
Boos Zanke E and Boos Joseph B Mandy

Purchase Details

Closed on
Apr 25, 1995
Bought by
Smith Smith M and Smith 39

Purchase Details

Closed on
Apr 21, 1995
Sold by
Smith Smith M M and Smith Beck D
Bought by
Boos Beck D and Boos Joseph B Mandy
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
Willcherr Llc $305,000 Grand Rapids Title Co Llc
Nixon Mandy V -- First American Title Ins Co
Boos Joseph B Mandy V -- --
Boos Zanke E $62,000 --
Smith Smith M $24,000 --
Boos Beck D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nixon Mandy $83,500
Previous Owner Nixon Mandy V $81,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2017 08/31/17 Sold $305,000 +1.7% --
08/08/2017 08/08/17 Pending -- -- --
08/07/2017 08/07/17 For Sale $300,000 -- --
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 $5,404 $218,400 $0 $0
2024 $5,404 $170,300 $0 $0
2023 $5,361 $156,000 $0 $0
2022 $5,095 $154,600 $0 $0
2021 $190 $116,900 $0 $0
2020 $4,798 $116,400 $0 $0
2019 $4,913 $98,300 $0 $0
2018 $4,762 $89,900 $0 $0
2017 $2,355 $79,200 $0 $0
2016 $2,366 $64,400 $0 $0
2015 $2,255 $64,400 $0 $0
2013 -- $54,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jason Carpenter

    Seller's Agent in 2017

    Jason Carpenter

    Keller Williams GR East

    (616) 334-2630

    1 in this area

    206 Total Sales

    Jason Carpenter
    Section Image
  • Candice Strehl

    Seller Co-Listing Agent in 2017

    Candice Strehl

    Keller Williams GR East

    (616) 219-5599

    1 in this area

    127 Total Sales

    Candice Strehl
    Section Image

  • G

    Buyer's Agent in 2017

    Greg Williamson

    Greenridge Realty (Cascade)

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17039595

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-432-040

Michigan Kent County Grand Rapids 49503 East Hills

629 Cherry St SE, Grand Rapids, MI

This home is located at 629 Cherry St SE, Grand Rapids, MI 49503 since 07 August 2017 and is currently estimated at $399,579. This property was built in 1900. 629 Cherry St 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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