$57,000
SOLD MAY 17, 2013

638 Jefferson Ave SE Grand Rapids, MI 49503

Southeast Community Association Neighborhood
-- Bed
-- Bath
-- Sq Ft
5,720 Sq Ft Lot

Recently Sold

18% Below List Price

64 Days on Market

Highlights

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

About This Home

As of May 2013

Huge 2 Family in wonderful downtown GR area close to everything! Currently rented out to great tenants. Rents are $725 and $725 for a total of $1450/month! Great cash flow. Each unit has 3 bedrooms and is approx 1200 sq Ft with tall ceilings. Loaded with character and charm throughout. Both units were updated last year and have split utilities. Great investment opportunity! Possible land Contract terms!

Last Agent to Sell the Property

Douglas Mekkes

Brooks Real Estate Group - I Listed on: 02/25/2013

Last Buyer's Agent

Timothy VandenToorn

United Properties of W Mich-I

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1905

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

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

Additional Features

  • Michigan Basement
  • 5,720 Sq Ft Lot

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $600
  • Gross Income $18,300

Property Details

Home Type

Apartment

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1905
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 68000.0
  • Number of Buildings: 1
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5720.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 18300.0
  • Insurance Expense: 600.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1728.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2013
Closed on
May 17, 2013
Sold by
Djm Investments Llc
Bought by
Vanwoerden Jeremy John
Seller's Agent
Douglas Mekkes
Brooks Real Estate Group - I
Buyer's Agent
Timothy VandenToorn
United Properties of W Mich-I
List Price
$69,900
Sold Price
$57,000
Premium/Discount to List
-$12,900
-18.45%
Current Estimated Value
$282,904

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,904
Avg. Annual Appreciation
13.66%
Original Mortgage
$43,500
Outstanding Balance
$31,107
Interest Rate
3.38%
Mortgage Type
Commercial
Estimated Equity
$243,512

Purchase Details

Listed on
Jan 18, 2012
Closed on
Mar 22, 2012
Sold by
Summit Investments Of Gr Llc
Bought by
Djm Investments Llc
Seller's Agent
Rochelle Wilkes-Esiline
Independence Realty (Main)
Buyer's Agent
Rochelle Wilkes-Esiline
Independence Realty (Main)
List Price
$28,900
Sold Price
$25,000
Premium/Discount to List
-$3,900
-13.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
103.50%
Original Mortgage
$25,000
Interest Rate
10%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 15, 2009
Sold by
Charter Investments Llc
Bought by
Summit Investments Of Gr Llc

Purchase Details

Closed on
Jan 12, 2009
Sold by
Mortgage Electronic Registration Systems
Bought by
Us Bank National Association

Purchase Details

Closed on
May 22, 2008
Sold by
Mortgage Electronic Registration Systems
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Jan 23, 2008
Sold by
Zolikoff Amy
Bought by
Mortgage Electronic Registration Systems

Purchase Details

Closed on
Oct 11, 2005
Sold by
Berih Alem K and Goitom Tsehainesh
Bought by
Zolikoff Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2003
Sold by
Covenant Investments Llc
Bought by
Berih Alem K and Goitom Tsehainesh

Purchase Details

Closed on
Apr 5, 2003
Sold by
Covenant Investments Llc
Bought by
Barih Alem K and Goitom Tsehainesh T

Purchase Details

Closed on
Nov 22, 2002
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Covenant Investments Llc

Purchase Details

Closed on
Apr 20, 2000
Sold by
Deward Deward D D and Deward Goodwin M
Bought by
Vanwoerden Goodwin M and Vanwoerden Jeremy John

Purchase Details

Closed on
Nov 22, 1999
Sold by
Rogers Rogers J J and Rogers C
Bought by
Vanwoerden Jeremy John

Purchase Details

Closed on
Jun 28, 1999
Sold by
Bland Bland D D and Bland Rogers J
Bought by
Vanwoerden Jeremy John

Purchase Details

Closed on
May 1, 1997
Sold by
Rogers Rogers J J and Rogers C
Bought by
Vanwoerden Bland D and Vanwoerden Jeremy John

Purchase Details

Closed on
Nov 12, 1996
Sold by
Gill Gill T T and Gill Rogers J
Bought by
Vanwoerden Rogers J and Vanwoerden Jeremy John

Purchase Details

Closed on
Aug 6, 1996
Sold by
Riehl Riehl M M and Riehl Yeberahu A
Bought by
Vanwoerden Yeberahu A and Vanwoerden Jeremy John
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 Type Sale Price Title Company
Warranty Deed $58,000 Midstate Title Agency Llc
Warranty Deed $25,000 Chicago Title
Quit Claim Deed -- None Available
Quit Claim Deed -- E Title Agency Inc
Quit Claim Deed -- None Available
Sheriffs Deed $45,600 None Available
Warranty Deed $100,000 Prime Title Services Llc
Warranty Deed $56,500 --
Land Contract -- Metropolitan Title Company
Deed $43,500 Fatic
Warranty Deed $65,000 --
Warranty Deed $19,000 --
Quit Claim Deed -- --
Deed $21,000 --
Warranty Deed $13,000 --
Warranty Deed $67,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $43,500 Commercial
Previous Owner $25,000 Commercial
Previous Owner $20,000 Commercial
Previous Owner $80,000 Commercial
Previous Owner $67,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2013 05/17/13 Sold $57,000 -18.5% --
04/30/2013 04/30/13 Pending -- -- --
02/25/2013 02/25/13 For Sale $69,900 +179.6% --
03/21/2012 03/21/12 Sold $25,000 -13.5% --
01/27/2012 01/27/12 Pending -- -- --
01/18/2012 01/18/12 For Sale $28,900 -- --
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 $1,814 $113,100 $0 $0
2024 $1,814 $103,900 $0 $0
2023 $1,733 $94,300 $0 $0
2022 $1,710 $78,200 $0 $0
2021 $1,666 $70,600 $0 $0
2020 $1,610 $60,300 $0 $0
2019 $1,649 $50,900 $0 $0
2018 $1,598 $39,800 $0 $0
2017 $1,559 $33,300 $0 $0
2016 $1,567 $29,200 $0 $0
2015 $1,493 $29,200 $0 $0
2013 -- $29,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Douglas Mekkes

    Brooks Real Estate Group - I

  • T

    Buyer's Agent in 2013

    Timothy VandenToorn

    United Properties of W Mich-I

  • R

    Seller's Agent in 2012

    Rochelle Wilkes-Esiline

    Independence Realty (Main)

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13010102

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-176-010

Michigan Kent County Grand Rapids 49503 Southeast Community Association

638 Jefferson Ave SE, Grand Rapids, MI

This home is located at 638 Jefferson Ave SE, Grand Rapids, MI 49503 and is currently priced at $57,000. This property was built in 1905. 638 Jefferson Ave SE is a home located in Kent County with nearby schools including Martin Luther King Leadership 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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