NOT LISTED FOR SALE

724 Michigan St NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $369,954 - $396,000

-- Bed
-- Bath
-- Sq Ft
5,009 Sq Ft Lot

Last Sold June 04, 2021

Last sale price $305,000

Est. 24% increase in value since last sale

Current estimated payment $2,554/month

15 Days on Market

About This Home

As of June 2021

Don't miss this incredible opportunity to own a large fully renovated duplex on Medical Mile walkable to restaurants, downtown, bars and more! Each unit is almost 1200 sqft, both with in-unit washer/dryer. The lower level flat offers 2 bedrooms, 1 bath, with plenty of natural light, newly refinished hardwood floors, fresh paint and stainless appliances. The upper unit includes 2 bedrooms, a remodeled bath and fresh paint. Spacious and level backyard with all new fencing. Other updates include brand new 50 year roof, all new siding, new front porch, and added parking pads in the back. You could easily receive $1300/month rent for each. Cash or commercial lending only. Seller is licensed Realtor in MI.

Last Agent to Sell the Property

Kyle Visser

ReSIDE Grand Rapids License #6502432810 Listed on: 04/08/2021

Last Buyer's Agent

Brian Anderson

Best Homes of Michigan LLC License #6502432102

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,617

Year Built

  • Built in 1900

Lot Details

  • 5,009 Sq Ft Lot
  • Lot Dimensions are 40x125

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,617

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: 40x125
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1617.0
  • Tax Info:Zoning3: TN-TBA
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 319000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Cable Available, Natural Gas Connected

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Dimensions: 40x125
  • Lot Size Sq Ft: 5009.0
  • Zoning Description: TN-TBA
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1617.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2021
Closed on
Jun 4, 2021
Sold by
Kv Real Estate Holdings Llc
Bought by
Briz Holdings Llc
Seller's Agent
Kyle Visser
ReSIDE Grand Rapids
Buyer's Agent
Brian Anderson
Best Homes of Michigan LLC
List Price
$339,000
Sold Price
$305,000
Premium/Discount to List
-$34,000
-10.03%
Current Estimated Value
$379,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,489
Avg. Annual Appreciation
5.49%
Original Mortgage
$228,750
Outstanding Balance
$208,453
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$175,752

Purchase Details

Closed on
May 22, 2020
Sold by
Thomas P & Camille M Mdermott Living Rus
Bought by
Kv Real Estate Holdings Llc

Purchase Details

Closed on
Jun 15, 2007
Sold by
Mcdermott Thomas P and Mcdermott Camille M
Bought by
Thomas P & Camille M Mcdermott Living Tr

Purchase Details

Closed on
Oct 10, 2003
Sold by
Mcdermott Thomas P and Mcdermott Camille M
Bought by
Mcdermott Rentals Llc
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
Briz Holdings Llc $305,000 None Available
Kv Real Estate Holdings Llc $180,000 None Available
Mcdermott Thomas P -- None Available
Thomas P & Camille M Mcdermott Living Tr -- Lawyers Title Insurance Corp
Mcdermott Rentals Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Briz Holdings Llc $228,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $305,000 -10.0% --
04/23/2021 04/23/21 Pending -- -- --
04/08/2021 04/08/21 For Sale $339,000 -- --
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 $6,501 $145,600 $0 $0
2024 $6,501 $139,500 $0 $0
2023 $6,449 $130,600 $0 $0
2022 $6,129 $118,200 $0 $0
2021 $5,532 $106,000 $0 $0
2020 $1,556 $92,800 $0 $0
2019 $1,289 $79,900 $0 $0
2018 $1,250 $74,200 $0 $0
2017 $1,219 $65,700 $0 $0
2016 $1,225 $54,500 $0 $0
2015 $1,167 $54,500 $0 $0
2013 -- $40,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kyle Visser

    Seller's Agent in 2021

    Kyle Visser

    ReSIDE Grand Rapids

    (616) 419-9637

    13 in this area

    533 Total Sales

    Kyle Visser
    Section Image
  • Brian Anderson

    Buyer's Agent in 2021

    Brian Anderson

    Best Homes of Michigan LLC

    (616) 389-7739

    1 in this area

    53 Total Sales

    Brian Anderson
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21011402

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-228-007

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

724 Michigan St NE, Grand Rapids, MI

This home is located at 724 Michigan St NE, Grand Rapids, MI 49503 since 08 April 2021 and is currently estimated at $379,489. This property was built in 1900. 724 Michigan St NE is a home located in Kent County with nearby schools including Grand Rapids Montessori 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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