NOT LISTED FOR SALE

711 Chatham St NW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $271,995 - $290,000

-- Bed
-- Bath
-- Sq Ft
3,564 Sq Ft Lot

Last Sold August 01, 2018

Last sale price $153,700

Est. 85% increase in value since last sale

Current estimated payment $1,829/month

4 Days on Market

Highlights

  • Forced Air Heating System
  • 2 Car Garage
  • 2-minute walk to Douglas Park

About This Home

As of August 2018

Great 3 Unit in Downtown Grand Rapids, the popular JBAN/SWAN neighborhood, just south off of Bridge Street. Currently professionally managed with compliance through 2021, the upper unit has just been fully remodeled with new kitchen and bath. Two new heaters just installed with chimney liner. Water is the only utility bill paid by landlord, which was $735 over last 4 quarters. Fully occupied with $1770 in monthly rents with room for improvement down the line. This asset is all ready to go for an investor or owner-occupant to take it and run with it.

Last Agent to Sell the Property

Peter Bruinsma

Grand River Realty License #6502402583 Listed on: 05/31/2018

Last Buyer's Agent

Jason Downing

The Local Element License #6501410180

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,809

Year Built

  • Built in 1900

Lot Details

  • 3,564 Sq Ft Lot
  • Lot Dimensions are 54x66

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Garage
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 2 Buildings
  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,809

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: 54x66
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1809.0
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 2.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Heat Type:Space Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 159900.0
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Extras:Garages: Yes

Utilities

  • Heating: Natural Gas, Space Heater, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3564.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1809.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2018
Closed on
Aug 1, 2018
Sold by
West Grand Properties Llc
Bought by
Downing Jason and Downing Mikaela
Seller's Agent
Peter Bruinsma
Grand River Realty
Buyer's Agent
Jason Downing
The Local Element
List Price
$159,900
Sold Price
$153,700
Premium/Discount to List
-$6,200
-3.88%
Current Estimated Value
$283,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,299
Avg. Annual Appreciation
9.14%
Original Mortgage
$115,275
Outstanding Balance
$100,320
Interest Rate
4.5%
Mortgage Type
Seller Take Back
Estimated Equity
$183,679

Purchase Details

Closed on
Apr 27, 2017
Sold by
Matthysse Lawerence D and Matthysse Ardith K
Bought by
The Lester M And Maxine M Matthysse Trus

Purchase Details

Closed on
Apr 15, 2017
Sold by
Lester M And Maxine M Matthysse Trust
Bought by
West Grand Properties Llc

Purchase Details

Closed on
Mar 7, 2017
Sold by
Matthysse Lawrence D
Bought by
Matthysse Lester M and Matthysse Maxine M

Purchase Details

Closed on
Feb 23, 2017
Sold by
Mat Thysee Jeffrey G and Mat Thysee Sytephanie F
Bought by
Mayttthysee Lestar M and Mayttthysee Maxsine M

Purchase Details

Closed on
Jun 17, 1999
Sold by
Mathys Mathys L L and Mathys Mathyse J
Bought by
Matthysse Mathyse J and Matthysse Jeffrey

Purchase Details

Closed on
Oct 15, 1984
Bought by
Matthysse Jeffrey
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 Buyer Sale Price Title Company
Downing Jason $153,700 Sun Title Agency Of Michigan
West Grand Proeprties Llc $35,406 Sun Title Agency Of Michigan
The Lester M And Maxine M Matthysse Trus -- None Available
West Grand Properties Llc -- None Available
Matthysse Lester M -- None Available
Mayttthysee Lestar M -- None Available
Matthysse Mathyse J $47,600 --
Matthysse Jeffrey $8,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downing Jason $115,275
Closed West Grand Properties Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2018 08/01/18 Sold $153,700 -3.9% --
06/04/2018 06/04/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $159,900 -- --
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 $3,293 $121,100 $0 $0
2024 $3,293 $116,000 $0 $0
2023 $3,148 $100,400 $0 $0
2022 $3,105 $81,100 $0 $0
2021 $3,025 $71,200 $0 $0
2020 $2,924 $64,500 $0 $0
2019 $3,061 $56,100 $0 $0
2018 $2,283 $43,100 $0 $0
2017 $1,791 $39,000 $0 $0
2016 $1,800 $34,600 $0 $0
2015 $1,715 $34,600 $0 $0
2013 -- $32,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Peter Bruinsma

    Seller's Agent in 2018

    Peter Bruinsma

    Grand River Realty

    (616) 293-5731

    6 in this area

    192 Total Sales

    Section Image

  • J

    Buyer's Agent in 2018

    Jason Downing

    The Local Element

    (616) 232-0853

    15 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18024182

Southwestern Michigan Association of REALTORS®

APN: 41-13-25-106-015

Michigan Kent County Grand Rapids 49504 SWAN

711 Chatham St NW, Grand Rapids, MI

This home is located at 711 Chatham St NW, Grand Rapids, MI 49504 since 31 May 2018 and is currently estimated at $283,999. This property was built in 1900. 711 Chatham St NW is a home located in Kent County with nearby schools including Sibley School, Westwood 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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