NOT LISTED FOR SALE

725 Prospect Ave SE Grand Rapids, MI 49503

South Hill Neighborhood

Estimated Value: $353,000 - $404,000

-- Bed
2 Baths
-- Sq Ft
7,231 Sq Ft Lot

Last Sold August 31, 2021

Last sale price $267,000

Est. 34% increase in value since last sale

Current estimated payment $2,365/month

7 Days on Market

Highlights

  • 0.17 Acre Lot
  • High Speed Internet
  • 4-minute walk to Pleasant Park
  • Forced Air Heating System
  • Wood Siding

About This Home

As of August 2021

This one of a kind historic multi-family home is ready for its new owner! The lower unit has so much original character and woodwork as well as modern updates. It has three bedrooms, one bathroom and the entire unit has 9-10' ceilings. The upper unit also has three bedrooms, one bathroom and was recently renovated with new flooring, refinished hardwoods and new paint. Both units have a front and rear entrance, and both have shared access to the basement with coin-op laundry. This home has modern electrical and plumbing installed as well as a new roof in 2020. Unit 2 is on a lease until May 2022. Unit 1 is moving out in September. The exterior features private off-street parking. This would make a great owner occupant or investment property. Property is professionally managed by UPM.

Last Agent to Sell the Property

Jacob Thomas

United Realty Services LLC Listed on: 07/27/2021

Co-Listed By

Brittany Thomas

United Realty Services LLC License #6501407628

Last Buyer's Agent

Brittany Thomas

United Realty Services LLC License #6501407628

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,859

Year Built

  • Built in 1880

Lot Details

  • 7,231

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 7,231 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,859

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1880
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 279900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7231.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1858.79
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2021
Sold by
Andrew Gerdes
Bought by
Gerdes Properties Llc
Current Estimated Value
$357,038

Purchase Details

Listed on
Jul 27, 2021
Closed on
Aug 30, 2021
Sold by
S & T Property Solutions Llc
Bought by
Gerdes Andrew
Seller's Agent
Jacob Thomas
United Realty Services LLC
Buyer's Agent
Brittany Thomas
United Realty Services LLC
List Price
$279,900
Sold Price
$267,000
Premium/Discount to List
-$12,900
-4.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%

Purchase Details

Closed on
Jul 1, 2021
Sold by
Thomas Jake and Thomas Jacob
Bought by
S & T Property Solutions Llc

Purchase Details

Closed on
Dec 15, 2020
Sold by
Mast Myron D and The Mast Family Revocable Livi
Bought by
Thomas Jake

Purchase Details

Closed on
Aug 14, 2007
Sold by
Mast Myron and Mast Willa
Bought by
The Mast Family Revocable Living Trust

Purchase Details

Closed on
Aug 3, 1998

Purchase Details

Closed on
Aug 8, 1996
Bought by
Mast M and Mast Family Living Trust

Purchase Details

Closed on
Aug 11, 1995
Sold by
City Longoria and City Gr
Bought by
City Gr and Mast Family Living Trust

Purchase Details

Closed on
Jun 13, 1994
Sold by
City Dnr and City Gr
Bought by
Mast Family Living Trust

Purchase Details

Closed on
May 5, 1992
Sold by
Cremer Cremer C C and Cremer Dnr
Bought by
Mast Family Living Trust

Purchase Details

Closed on
Feb 19, 1983
Bought by
Mast Family Living Trust

Purchase Details

Closed on
Feb 17, 1983
Bought by
Mast Family Living Trust
Source: Public Records

Range of Values:

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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
Gerdes Properties Llc -- None Listed On Document
Gerdes Andrew $267,000 Bell Ttl Agcy Of Grand Rapid
S & T Property Solutions Llc -- None Available
Thomas Jake $194,340 None Available
The Mast Family Revocable Living Trust -- None Available
-- -- --
Mast M $10,000 --
City Gr -- --
Mast Family Living Trust -- --
Mast Family Living Trust -- --
Mast Family Living Trust $3,300 --
Mast Family Living Trust $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mast Myron $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $267,000 -4.6% --
08/03/2021 08/03/21 Pending -- -- --
07/27/2021 07/27/21 For Sale $279,900 -- --
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 $5,643 $162,200 $0 $0
2024 $5,643 $142,200 $0 $0
2023 $5,598 $123,700 $0 $0
2022 $5,320 $102,600 $0 $0
2021 $4,687 $89,800 $0 $0
2020 $1,789 $78,700 $0 $0
2019 $1,775 $64,800 $0 $0
2018 $1,775 $51,400 $0 $0
2017 $1,732 $43,500 $0 $0
2016 $1,740 $39,000 $0 $0
2015 $1,658 $39,000 $0 $0
2013 -- $39,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jacob Thomas

    Seller's Agent in 2021

    Jacob Thomas

    United Realty Services LLC

    (616) 965-2304

    3 in this area

    158 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Brittany Thomas

    United Realty Services LLC

    (616) 813-3274

    1 in this area

    131 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21096762

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-182-017

Michigan Kent County Grand Rapids 49503 South Hill

725 Prospect Ave SE, Grand Rapids, MI

This home is located at 725 Prospect Ave SE, Grand Rapids, MI 49503 since 27 July 2021 and is currently estimated at $373,474. This property was built in 1880. 725 Prospect Ave SE is a home located in Kent County with nearby schools including Gerald R. Ford Academic Center, 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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