NOT LISTED FOR SALE

Estimated Value: $1,130,303

-- Bed
-- Bath
-- Sq Ft
0.5 Acres

Last Sold July 15, 2022

Last sale price $955,000

Est. 18% increase in value since last sale

Current estimated payment $7,078/month

16 Days on Market

Highlights

  • 0.5 Acre Lot
  • High Speed Internet
  • 4-minute walk to Cherry Park
  • Baseboard Heating
  • Wood Siding

About This Home

As of July 2022

Great opportunity to own not one, but two amazing income properties in a fantastic location! Just outside of Grand Rapids prestigious Heritage Hill neighborhood sits these two neighboring income properties! A 4 unit property at 640 Kellogg and a 5 unit property at 636 Kellogg. Joined by a shared driveway and a 10 space parking lot for tenants. With-in walking distance to some of Grand Rapids best restaurants, area entertainment and the medical mile! All showings to be scheduled for Saturday 5/14 between 12-4 PM. The seller has asked that any and all offers be held and presented Tuesday 5/17 at 5 PM

Last Agent to Sell the Property

Douglas Sheneman

City2Shore Gateway Group License #6506048730 Listed on: 05/03/2022

Co-Listed By

Geoff Brown

City2Shore Gateway Group License #6502431397

Last Buyer's Agent

Kevin Knoll

Five Star Real Estate (Grandv) License #6501226121

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,076

Year Built

  • Built in 1890

Lot Details

  • 0.5 Acre Lot

Parking

  • 10 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Baseboard Heating
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,076

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 849900.0
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Baseboard
  • Heating: Yes
  • Utilities: Natural Gas Connected, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Size Sq Ft: 21780.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 4076.0
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2022
Closed on
Jul 15, 2022
Sold by
Parsons Eric J
Bought by
Washington Apartment Homes Llc
Seller's Agent
Douglas Sheneman
City2Shore Gateway Group
Buyer's Agent
Kevin Knoll
Five Star Real Estate (Grandv)
List Price
$849,900
Sold Price
$955,000
Premium/Discount to List
$105,100
12.37%
Current Estimated Value
$1,130,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,303
Avg. Annual Appreciation
5.41%
Original Mortgage
$771,187
Outstanding Balance
$738,846
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$391,457

Purchase Details

Closed on
May 21, 2014
Sold by
Parsons Megen M
Bought by
Parsons Eric J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,200
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 2006
Sold by
Parsons Delbert J and Parsons Sharon M
Bought by
Parsons Eric J and Parsons Megen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 29, 1999
Sold by
Rbski Rbski J J and Rbski A
Bought by
Prsns Ds and Prsns E

Purchase Details

Closed on
May 22, 1996
Sold by
Parks Ts and Parks Rybaski
Bought by
Parsons Rybaski and Parsons Eric J Megen

Purchase Details

Closed on
Sep 30, 1992
Sold by
Parks Helenius S and Parks Tst
Bought by
Parsons Eric J Megen

Purchase Details

Closed on
Sep 29, 1992
Sold by
Collins Collins R R and Collins Helenius S
Bought by
Parsons Eric J Megen

Purchase Details

Closed on
Sep 21, 1992
Sold by
Doyle Doyle S S and Doyle Helenius S
Bought by
Parsons Eric J Megen

Purchase Details

Closed on
Feb 3, 1992
Sold by
Parks Parks E E and Parks Ts
Bought by
Parsons Eric J Megen

Purchase Details

Closed on
Sep 26, 1986
Sold by
Helenius Helenius S S and Helenius Hlnius S
Bought by
Parsons Eric J Megen

Purchase Details

Closed on
Dec 31, 1985

Purchase Details

Closed on
Dec 31, 1984

Purchase Details

Closed on
Feb 10, 1984

Purchase Details

Closed on
Mar 29, 1977
Sold by
Collins Collins P P and Collins R
Bought by
Parsons Eric J Megen
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Washington Apartment Homes Llc -- Chicago Title
Parsons Eric J -- Michigan Bankers Title
Parsons Eric J -- Michigan Bankers Title
Prsns Ds $120,000 --
Parsons Rybaski $59,500 --
Parsons Eric J Megen $50,000 --
Parsons Eric J Megen $26,000 --
Parsons Eric J Megen -- --
Parsons Eric J Megen -- --
Parsons Eric J Megen -- --
-- $57,500 --
-- $57,500 --
-- $60,000 --
Parsons Eric J Megen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington Apartment Homes Llc $771,187
Previous Owner Parsons Eric J $121,200
Previous Owner Parsons Eric J $116,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $955,000 +12.4% --
05/19/2022 05/19/22 Pending -- -- --
05/03/2022 05/03/22 For Sale $849,900 -- --
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 $13,022 $267,800 $0 $0
2024 $13,022 $273,400 $0 $0
2023 $12,607 $248,600 $0 $0
2022 $4,176 $216,300 $0 $0
2021 $4,069 $119,300 $0 $0
2020 $4,483 $119,300 $0 $0
2019 $4,027 $93,300 $0 $0
2018 $3,904 $87,700 $0 $0
2017 $3,808 $75,800 $0 $0
2016 $3,827 $73,700 $0 $0
2015 $3,804 $73,700 $0 $0
2013 -- $70,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22015692

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-432-008