NOT LISTED FOR SALE

701 Franklin St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $146,000 - $216,000

3 Beds
1 Bath
1,176 Sq Ft
$156/Sq Ft Est. Value

Last Sold August 13, 2013

Last sale price $19,500 $17 Per Sq Ft

Est. 840% increase in value since last sale

Current estimated payment $1,094/month

66 Days on Market

About This Home

As of August 2013

TURNKEY PROPERTY Immediate cash flow, this home features newer windows, roof, water heater, carpet, and flooring. Possesion subject to tenants rights. This home it ready to be rented or would be a great opportunity for a owner/occupant at a reasonable entry level price.

Last Agent to Sell the Property

Christopher Freeman

Clarity Realty LLC License #6501321766 Listed on: 05/29/2013

Clarity Realty LLC

Last Buyer's Agent

Christopher Freeman

Five Star Real Estate (Casc) - I

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,158

Year Built

  • Built in 1890

Lot Details

  • 2,919

Home Design

  • Aluminum Siding

Interior Spaces

  • 1,176 Sq Ft Home
  • Laminate Flooring
  • Michigan Basement
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,158

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1890
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Interior Amenities: Laminate Floor
  • Fireplace: No
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Michigan Basement
  • LivingArea: 1176.0

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 19700.0
  • Road Surface Type: Paved

Garage/Parking

  • Garage: No

Utilities

  • Utilities: Telephone Line, Cable Connected

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2013
Closed on
Aug 13, 2013
Sold by
Waddell William G and Waddell Charise A
Bought by
Stanford Stephen and Sanford Jennifer
Seller's Agent
Christopher Freeman
Clarity Realty LLC
Buyer's Agent
Christopher Freeman
Clarity Realty LLC
List Price
$24,900
Sold Price
$19,500
Premium/Discount to List
-$5,400
-21.69%
Current Estimated Value
$183,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,896
Avg. Annual Appreciation
20.31%

Purchase Details

Closed on
Sep 7, 2011
Sold by
Waddell William G
Bought by
Waddell William G and Waddell Charise A

Purchase Details

Closed on
Jun 21, 2011
Sold by
Waddell William G
Bought by
Waddell William G and Waddell Charise A

Purchase Details

Closed on
May 18, 2011
Sold by
Culver Earl C and 701 Franklin Trust
Bought by
Wadell William G

Purchase Details

Closed on
Oct 19, 2010
Sold by
Parrish Kenneth D
Bought by
Waddell William G

Purchase Details

Closed on
Jan 20, 2005
Sold by
Kaback Leslie
Bought by
701 Franklin Trust

Purchase Details

Closed on
Nov 24, 2004
Sold by
Kaback Leslie and Abn Amro Mortgage Group Inc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Nov 15, 1995
Bought by
Sanford Marquez and Sanford Stephen Jennifer

Purchase Details

Closed on
Dec 9, 1988

Purchase Details

Closed on
May 24, 1988
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
Stanford Stephen $19,500 Midstate Title Agency Llc
Waddell William G -- None Available
Waddell William G -- None Available
Wadell William G -- Chicago Title
Wadell William G -- Chicago Title
Waddell William G $5,600 None Available
701 Franklin Trust $43,000 Fatic
Federal Home Loan Mortgage Corporation $41,400 --
Sanford Marquez -- --
-- $13,900 --
-- $7,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanford Stephen $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2013 08/13/13 Sold $19,500 -21.7% $17 / Sq Ft
08/03/2013 08/03/13 Pending -- -- --
05/29/2013 05/29/13 For Sale $24,900 -- $21 / Sq Ft
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 $1,158 $68,300 $0 $0
2024 $1,158 $61,800 $0 $0
2023 $1,148 $57,300 $0 $0
2022 $1,092 $49,300 $0 $0
2021 $1,064 $40,500 $0 $0
2020 $1,028 $32,400 $0 $0
2019 $1,053 $27,200 $0 $0
2018 $1,020 $22,500 $0 $0
2017 $995 $18,700 $0 $0
2016 $1,000 $18,800 $0 $0
2015 $1,245 $18,800 $0 $0
2013 -- $17,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2013

    Christopher Freeman

    Clarity Realty LLC

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13030392

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-283-004

Michigan Kent County Grand Rapids 49503 Madison Area

701 Franklin St SE, Grand Rapids, MI

This home is located at 701 Franklin St SE, Grand Rapids, MI 49507 since 29 May 2013 and is currently estimated at $183,396, approximately $155 per square foot. This property was built in 1890. 701 Franklin St 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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