NOT LISTED FOR SALE

716 Lake Dr SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $297,000 - $331,000

4 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold April 16, 2013

Last sale price $40,000

Est. 688% increase in value since last sale

Current estimated payment $2,105/month

12 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Cherry Park
  • High Speed Internet

About This Home

As of April 2013

Check out this 2-Unit Home conveniently located near 131 & 196! Both units offer a living room, kitchen, 2 beds, 1 bath, and basement. Main unit has a formal dining room and beautiful french doors to the side porch. Upper unit has stairs to private entrance. Call today for your showing! All information Represented herein is approximated and individual verification is recommended. Information is not guaranteed. Buyer responsible for any de-winterization and re-winterization fees, if applicable.

Last Agent to Sell the Property

Michael Balsitis

Bellabay Realty LLC License #6502346774 Listed on: 03/15/2013

Bellabay Realty LLC

Last Buyer's Agent

Jason Carpenter

Keller Williams GR East License #6502430921

Keller Williams GR East

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Lot Details

  • 4,356

Parking

  • 1 Parking Space

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Michigan Basement

Utilities

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

Community Details

  • 1,250 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 34000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 1.0

Utilities

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

Lot Info

  • Zoning Description: RES

Rental Info

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

Multi Family

  • Number of Units Total: 1250

Tax Info

  • Tax Annual Amount: 2126.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2020
Sold by
Dempkey Brian and Dempke Brian G
Bought by
Fairmont Square Properties Llc
Current Estimated Value
$315,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$711,700
Outstanding Balance
$633,895
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
-$323,511

Purchase Details

Listed on
Mar 15, 2013
Closed on
Apr 12, 2013
Sold by
Secretary Of Housing & Urban Development
Bought by
Dempkey Brian
Seller's Agent
Michael Balsitis
Bellabay Realty LLC
Buyer's Agent
Jason Carpenter
Keller Williams GR East
List Price
$34,000
Sold Price
$40,000
Premium/Discount to List
$6,000
17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.95%

Purchase Details

Closed on
Sep 24, 2012
Sold by
Us Bank National Association
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Mar 7, 2012
Sold by
Wisz Michael J
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 29, 1994
Sold by
Ratinaud Ratinaud D D and Ratinaud Wisz M
Bought by
Dempkey Brian

Purchase Details

Closed on
Apr 20, 1990
Sold by
Bliss Bliss G G and Bliss Ratlinaud D
Bought by
Dempkey Brian

Purchase Details

Closed on
Dec 13, 1989
Bought by
Dempkey Brian

Purchase Details

Closed on
Feb 11, 1981
Bought by
Dempkey Brian
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
Fairmont Square Properties Llc -- Grand Rapids Title Co Llc
Dempkey Brian $40,000 None Available
Secretary Of Housing & Urban Development -- None Available
Us Bank National Association $54,400 None Available
Dempkey Brian $46,500 --
Dempkey Brian $42,800 --
Dempkey Brian $32,000 --
Dempkey Brian $26,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fairmont Square Properties Llc $711,700
Previous Owner Dempkey Brian $79,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2013 04/16/13 Sold $40,000 +17.6% --
03/27/2013 03/27/13 Pending -- -- --
03/15/2013 03/15/13 For Sale $34,000 -- --
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 $4,804 $125,600 $0 $0
2024 $4,804 $111,900 $0 $0
2023 $4,402 $92,400 $0 $0
2022 $4,183 $83,400 $0 $0
2021 $4,076 $78,100 $0 $0
2020 $2,101 $74,800 $0 $0
2019 $2,151 $67,400 $0 $0
2018 $2,431 $61,800 $0 $0
2017 $2,034 $47,200 $0 $0
2016 $2,044 $41,200 $0 $0
2015 $1,948 $41,200 $0 $0
2013 -- $33,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Balsitis

    Seller's Agent in 2013

    Michael Balsitis

    Bellabay Realty LLC

    (616) 813-5522

    35 Total Sales

    Michael Balsitis
    Section Image
  • Jason Carpenter

    Buyer's Agent in 2013

    Jason Carpenter

    Keller Williams GR East

    (616) 334-2630

    1 in this area

    206 Total Sales

    Jason Carpenter
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13013748

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-431-005

Michigan Kent County Grand Rapids 49503 East Hills

716 Lake Dr SE, Grand Rapids, MI

This home is located at 716 Lake Dr SE, Grand Rapids, MI 49503 since 15 March 2013 and is currently estimated at $315,377. This property was built in 1900. 716 Lake Dr SE is a home located in Kent County with nearby schools including Congress Elementary, 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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