NOT LISTED FOR SALE

71 Banner St SW Grand Rapids, MI 49507

Garfield Park Neighborhood

Estimated Value: $224,000 - $265,336

4 Beds
2.5 Baths
1,511 Sq Ft
$167/Sq Ft Est. Value

Last Sold May 06, 2016

Last sale price $57,125 $38 Per Sq Ft

Est. 341% increase in value since last sale

Current estimated payment $1,437/month

16 Days on Market

Highlights

  • 0.22 Acre Lot
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Traditional Architecture

About This Home

As of May 2016

Great opportunity, handyman special! Near schools,and shopping. Easy access to public transportation and highways.

Last Agent to Sell the Property

David Pena

Homes 28 Listed on: 03/28/2016

Co-Listed By

Daniel Peña

Homes 28 License #6501360510

Last Buyer's Agent

Javier Rodriguez

Lake Michigan Realty Mgmt License #6502394655

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,027

Year Built

  • Built in 1921

Lot Details

  • 9,757 Sq Ft Lot
  • Lot Dimensions are 74x132

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1,511 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,027

Year Built

Built in 1921

Lot Details

0

Parking

2

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1921
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • OfficeContract Info:List PriceSqFt2: 25.08
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 74x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1511.0
  • General Property Info:Main Level Primary: No
  • General Property Info:Main Level Laundry: Yes
  • Tax Info:Annual Property Tax: 1027.0
  • Tax Info:Zoning3: Residential
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1511.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Main Level Bedrooms: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full
  • LivingArea: 1511.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 874.0

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 37900.0
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Dimensions: 74x132
  • Lot Size Sq Ft: 9757.0
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1027.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2022
Sold by
Kai Investments And Real Estate Llc
Bought by
Torres Eduardo and Duran Lucile
Current Estimated Value
$252,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Outstanding Balance
$75,641
Interest Rate
5.7%
Mortgage Type
Balloon
Estimated Equity
$176,443

Purchase Details

Listed on
Mar 28, 2016
Closed on
Jun 29, 2016
Sold by
Kai Investments & Real Estate Llc
Bought by
Torres Eduardo and Duran Lucila
Seller's Agent
David Pena
Homes 28
Buyer's Agent
Javier Rodriguez
Lake Michigan Realty Mgmt
List Price
$37,900
Sold Price
$57,125
Premium/Discount to List
$19,225
50.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.69%

Purchase Details

Listed on
Mar 28, 2016
Closed on
May 5, 2016
Sold by
The Huntington National Bank
Bought by
Kai Investments & Real Estate Llc
Seller's Agent
David Pena
Homes 28
Buyer's Agent
Javier Rodriguez
Lake Michigan Realty Mgmt
List Price
$37,900
Sold Price
$57,125
Premium/Discount to List
$19,225
50.73%

Purchase Details

Closed on
May 20, 2015
Sold by
Duran Maria E and Duran Guadalupe
Bought by
The Huntington National Bank

Purchase Details

Closed on
May 12, 1994
Sold by
Ebels Ebels D D and Ebels Duran G
Bought by
Duran Guadalupe Maria E

Purchase Details

Closed on
Jul 13, 1984
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Torres Eduardo $72,000 None Listed On Document
Torres Eduardo -- None Available
Kai Investments & Real Estate Llc $57,125 Hbi Title Services Inc
The Huntington National Bank $47,700 Attorney
Duran Guadalupe Maria E $40,900 --
-- $33,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Eduardo $79,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2016 05/06/16 Sold $57,125 +50.7% $38 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
03/28/2016 03/28/16 For Sale $37,900 -- $25 / Sq Ft
Source: MichRIC

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 $1,334 $122,600 $0 $0
2024 $1,334 $107,100 $0 $0
2023 $1,354 $93,200 $0 $0
2022 $1,285 $70,700 $0 $0
2021 $1,256 $58,900 $0 $0
2020 $1,201 $53,700 $0 $0
2019 $1,258 $47,400 $0 $0
2018 $1,215 $38,900 $0 $0
2017 $1,183 $31,300 $0 $0
2016 $1,564 $31,500 $0 $0
2015 $960 $31,500 $0 $0
2013 -- $29,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    David Pena

    Homes 28

    (616) 245-7001

    21 in this area

    101 Total Sales

    David Pena
    Section Image

  • D

    Seller Co-Listing Agent in 2016

    Daniel Peña

    Homes 28

    (616) 245-7001

    6 in this area

    28 Total Sales

    Daniel Peña
    Section Image
  • Javier Rodriguez

    Buyer's Agent in 2016

    Javier Rodriguez

    Lake Michigan Realty Mgmt

    (616) 559-7979

    41 in this area

    247 Total Sales

    Javier Rodriguez
    Section Image
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Map

Source: MichRIC

MLS Number: 16013053

MichRIC

APN: 41-17-12-276-037

Michigan Kent County Grand Rapids 49507 Garfield Park

71 Banner St SW, Grand Rapids, MI

Not Listed for Sale

Detached

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