NOT LISTED FOR SALE

703 Lafayette Ave NE Grand Rapids, MI 49503

Belknap Lookout Neighborhood

Estimated Value: $313,000 - $410,000

-- Bed
-- Bath
-- Sq Ft
2,309 Sq Ft Lot

Last Sold October 18, 2021

Last sale price $250,000

Est. 39% increase in value since last sale

Current estimated payment $2,315/month

104 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • 3-minute walk to Coit Park

About This Home

As of October 2021

This 3 unit is a great opportunity for a investor or owner occupant. Perfectly located on the NE side of Grand Rapids just a few blocks away from the Medical Mile. Each unit is rented monthly and they are currently rented below the current rent rates. Don't miss out on this great opportunity. Schedule your showing today.

Last Agent to Sell the Property

Travis McIntyre

Bellabay Realty (North) License #6501403146 Listed on: 09/10/2021

Bellabay Realty (North)

Last Buyer's Agent

Charles Kao

Keller Williams GR East License #6501425592

Keller Williams GR East

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,300

Year Built

  • Built in 1900

Lot Details

  • 2,309 Sq Ft Lot
  • Lot Dimensions are 31 x 75

Home Design

  • Brick Exterior Construction
  • Shingle Siding

Interior Spaces

  • 1 Fireplace
  • Partial Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,300

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: 31 x 75
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 2300.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Substructure:Partial: Yes
  • Util Avail at Street:Public Water: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Radiant: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Partial
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick, Shingle Siding
  • List Price: 259900.0
  • Number of Buildings: 1
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes
  • Exterior Material:Shingle Siding: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Radiant
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Cable Available, Natural Gas Connected, Electricity Connected, Water Available

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Dimensions: 31 x 75
  • Lot Size Sq Ft: 2309.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 2300.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Oct 18, 2021
Sold by
Buiten Jack W and Buiten Ann Cynthia
Bought by
Petrous Jeremy
Seller's Agent
Travis McIntyre
Bellabay Realty (North)
Buyer's Agent
Charles Kao
Keller Williams GR East
Sold Price
$250,000
Current Estimated Value
$348,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,108
Avg. Annual Appreciation
8.39%
Original Mortgage
$187,500
Outstanding Balance
$172,460
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$169,875

Purchase Details

Closed on
Mar 20, 2018
Sold by
Buiten Jack W
Bought by
Buiten Jack W and Matiula Buiten Cynthia Ann

Purchase Details

Closed on
Oct 7, 2009
Sold by
Arnold Leon L and Arnold Patricia A
Bought by
Buiten Jack W and Buiten Jody A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,000
Interest Rate
5.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 29, 1996
Sold by
Dehaas Dehaas B B and Dehaas Arnold L
Bought by
Buiten Arnold L and Buiten Jack W Jody A
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
Petrous Jeremy $250,000 Essential Title
Buiten Jack W -- None Available
Buiten Jack W $60,000 Lakeland Title Of Mecosta Co
Buiten Arnold L $18,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrous Jeremy $187,500
Previous Owner Buiten Jack W $63,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2021 10/18/21 Sold $250,000 -3.8% --
09/16/2021 09/16/21 Pending -- -- --
09/10/2021 09/10/21 For Sale -- -- --
08/26/2021 08/26/21 Pending -- -- --
07/27/2021 07/27/21 For Sale -- -- --
06/24/2021 06/24/21 Pending -- -- --
06/21/2021 06/21/21 For Sale -- -- --
06/07/2021 06/07/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $259,900 -- --
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 $5,522 $141,600 $0 $0
2024 $5,522 $138,000 $0 $0
2023 $5,478 $124,400 $0 $0
2022 $5,206 $100,400 $0 $0
2021 $2,289 $109,800 $0 $0
2020 $2,212 $87,200 $0 $0
2019 $2,265 $79,300 $0 $0
2018 $2,196 $74,300 $0 $0
2017 $2,142 $60,600 $0 $0
2016 $2,153 $64,700 $0 $0
2015 $2,051 $64,700 $0 $0
2013 -- $47,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Travis McIntyre

    Seller's Agent in 2021

    Travis McIntyre

    Bellabay Realty (North)

    (616) 450-5100

    3 in this area

    236 Total Sales

    Travis McIntyre
    Section Image

  • C

    Buyer's Agent in 2021

    Charles Kao

    Keller Williams GR East

    (616) 871-9200

    2 in this area

    27 Total Sales

    Charles Kao
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21020762

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-327-039

Michigan Kent County Grand Rapids 49503 Belknap Lookout

703 Lafayette Ave NE, Grand Rapids, MI

This home is located at 703 Lafayette Ave NE, Grand Rapids, MI 49503 since 10 September 2021 and is currently estimated at $348,108. This property was built in 1900. 703 Lafayette Ave NE is a home located in Kent County with nearby schools including Coit Creative Arts Academy, Riverside Middle School, and Union 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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