NOT LISTED FOR SALE

726 5th St NW Unit 3 Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $326,000 - $400,000

-- Bed
-- Bath
-- Sq Ft
8,350 Sq Ft Lot

Last Sold May 14, 2013

Last sale price $49,000

Est. 646% increase in value since last sale

Current estimated payment $2,142/month

7 Days on Market

About This Home

As of May 2013

Two houses on one lot. First house is a 2-Unit with 2 Beds., 1 Bath ea. Second house is 2 Bed., 1 bath also. Furnace and water heater are missing from unit #1 of 2-Unit property. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is approved for HomePath Renovation Mortgage financing.

Last Agent to Sell the Property

Anthony DeBartolo

DeBartolo Realty - I License #6502353236 Listed on: 04/01/2013

Last Buyer's Agent

Linda VanGeest

DeBartolo Realty - I

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1908

Lot Details

  • 8,350

Home Design

  • Composition Roof

Utilities

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

Additional Features

  • Michigan Basement
  • 8,350 Sq Ft Lot

Community Details

  • 2 Buildings
  • 3 Units

Property Details

Home Type

Apartment

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 49400.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Utilities

  • 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: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8350.0
  • Zoning Description: multi

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1415.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2013
Closed on
May 9, 2013
Sold by
Fannie Mae
Bought by
Mcpherson James I and Mcpherson Evan P
Seller's Agent
Anthony DeBartolo
DeBartolo Realty - I
Buyer's Agent
Linda VanGeest
DeBartolo Realty - I
List Price
$49,400
Sold Price
$49,000
Premium/Discount to List
-$400
-0.81%
Current Estimated Value
$365,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$316,693
Avg. Annual Appreciation
17.27%
Original Mortgage
$39,200
Outstanding Balance
$27,827
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$337,866

Purchase Details

Closed on
Aug 24, 2012
Sold by
Jpmorgan Chase Bank National Association
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 13, 2012
Sold by
Aparicio Macedonio and Hernandez Modesta
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Feb 13, 2004
Sold by
Aparicio Macedonio
Bought by
Aparicio Macedonio and Hernandez Modesta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
5.78%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 1999
Sold by
Olnck Etl and Olnck Aparicio M
Bought by
Mcpherson Aparicio M and Mcpherson Evan P James I

Purchase Details

Closed on
Apr 7, 1992

Purchase Details

Closed on
Jul 27, 1983
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcpherson James I $49,000 None Available
Federal National Mortgage Association -- None Available
Jpmorgan Chase Bank National Association $45,530 None Available
Aparicio Macedonio -- --
Mcpherson Aparicio M $64,000 --
-- $31,000 --
-- $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcpherson James I $39,200
Previous Owner Aparicio Macedonio $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2013 05/14/13 Sold $49,000 -0.8% --
04/08/2013 04/08/13 Pending -- -- --
04/01/2013 04/01/13 For Sale $49,400 -- --
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 $2,643 $190,100 $0 $0
2024 $2,643 $169,000 $0 $0
2023 $2,527 $151,900 $0 $0
2022 $2,492 $126,300 $0 $0
2021 $2,428 $112,800 $0 $0
2020 $2,347 $100,000 $0 $0
2019 $2,423 $80,400 $0 $0
2018 $2,329 $66,200 $0 $0
2017 $2,272 $52,500 $0 $0
2016 $2,283 $47,700 $0 $0
2015 $2,415 $47,700 $0 $0
2013 -- $40,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2013

    Anthony DeBartolo

    DeBartolo Realty - I

    Section Image

  • L

    Buyer's Agent in 2013

    Linda VanGeest

    DeBartolo Realty - I

See All Agents

Map

Source: MichRIC

MLS Number: 13016914

MichRIC

APN: 41-13-24-310-006

Michigan Kent County Grand Rapids 49504 West Grand

726 5th St NW Unit 3, Grand Rapids, MI

Not Listed for Sale

MultiFamily

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