NOT LISTED FOR SALE

731 Franklin St SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $193,000 - $216,000

3 Beds
1 Bath
1,242 Sq Ft
$162/Sq Ft Est. Value

Last Sold March 27, 2015

Last sale price $20,000 $16 Per Sq Ft

Est. 907% increase in value since last sale

Current estimated payment $1,190/month

26 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Storm Windows
  • Fenced Yard
  • Eat-In Kitchen
  • Living Room

About This Home

As of March 2015

This is a 3 bedroom 1 bath home with large fenced yard, is close to transportation and shopping. Investors, this is currently a rental property with current City of Grand Rapids Certificate. Electrical has been updated, new furnace 2013

Last Agent to Sell the Property

Mark O`Gorman

Greenridge Realty (Kentwood) License #6501339895 Listed on: 02/02/2015

Last Buyer's Agent

Aaron Metaj

Bellabay Realty LLC License #6502419485

Bellabay Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1908

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 33x132
  • Fenced Yard

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,242 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Basement Fills Entire Space Under The House
  • Storm Windows

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Phone Connected
  • Cable TV Available

Home Details

Home Type

Single Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1908
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 33x132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1242.0
  • General Property Info:Design: Traditional
  • Tax Info:Annual Property Tax: 1030.0
  • Tax Info:Zoning3: RES
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Water Heater:Natural Gas4: Yes
  • Windows:Storms: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 1242.0
  • Window Features: Storms
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 594.0
  • Kitchen Features:Eating Area: Yes
  • Appliances Range: Yes
  • Kitchen Features Pantry: Yes

Exterior Features

  • Construction Materials: Vinyl Siding, Wood Siding
  • List Price: 26000.0
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes
  • Exterior Features:Fenced Back: Yes
  • Exterior Features:Porch(es): Yes

Garage/Parking

  • Garage: No
  • Garage:Garage2: No

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Cable Connected

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 33x132
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1030.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2016
Sold by
Jdm Holdings Llc
Bought by
Giant Lions Llc
Total Days on Market
26
Current Estimated Value
$201,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,250
Interest Rate
3.43%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Feb 2, 2015
Closed on
Mar 27, 2015
Sold by
Belay Getahun T and Chkole Webensh T
Bought by
J D M Holdings Llc
Seller's Agent
Mark O`Gorman
Greenridge Realty (Kentwood)
Buyer's Agent
Aaron Metaj
Bellabay Realty LLC
List Price
$26,000
Sold Price
$20,000
Premium/Discount to List
-$6,000
-23.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.75%

Purchase Details

Closed on
Sep 17, 2012
Sold by
Leite Rebecca
Bought by
Belay Getahun T

Purchase Details

Closed on
Aug 1, 2011
Sold by
Coriano Inc
Bought by
Leite Rebecca

Purchase Details

Closed on
Dec 2, 2008
Sold by
Federal Deposit Insurance Corporation
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Nov 12, 2008
Sold by
Jp Morgan Chase Bank National Associatio
Bought by
Coriano Inc

Purchase Details

Closed on
Oct 31, 2007
Sold by
Oral Gokhan
Bought by
Washington Mutual Bank

Purchase Details

Closed on
Nov 17, 2006
Sold by
Fremichael Tewolde and Gebremichael Tsegewoini K
Bought by
Oral Gokhan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
9.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 12, 1997
Sold by
Dnhm Asc
Bought by
Fremchl Fremchl T and Fremchl T

Purchase Details

Closed on
Aug 28, 1997
Bought by
Us Home&Rlt and Belay Getahun T

Purchase Details

Closed on
Sep 7, 1995
Sold by
Ottaco Inc and Ottaco Dunham A
Bought by
Belay Dunham A and Belay Getahun T

Purchase Details

Closed on
Sep 6, 1995

Purchase Details

Closed on
Aug 24, 1995
Sold by
Dunham 131 E and Dunham Ann P
Bought by
Dunham Ann P and Belay Getahun T

Purchase Details

Closed on
Aug 18, 1995
Bought by
Dunham A\ Per Mc and Belay Getahun T

Purchase Details

Closed on
Aug 24, 1993
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
Giant Lions Llc -- Sun Title Agency Of Mi Llc
J D M Holdings Llc $20,000 Sun Title Agency Of Mi Llc
Belay Getahun T $5,000 None Available
Leite Rebecca -- None Available
Jpmorgan Chase Bank National Association -- None Available
Washington Mutual Bank $84,852 None Available
Oral Gokhan $90,000 Land Title
Fremchl Fremchl T -- --
Us Home&Rlt -- --
Belay Dunham A -- --
-- $100 --
Dunham Ann P -- --
Dunham A\ Per Mc -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Giant Lions Llc $432,250
Previous Owner Oral Gokhan $79,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2015 03/27/15 Sold $20,000 -23.1% $16 / Sq Ft
02/28/2015 02/28/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $26,000 -- $21 / Sq Ft
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 $1,522 $77,900 $0 $0
2024 $1,522 $70,400 $0 $0
2023 $1,455 $65,200 $0 $0
2022 $1,435 $56,100 $0 $0
2021 $1,398 $46,100 $0 $0
2020 $1,351 $36,900 $0 $0
2019 $1,764 $31,000 $0 $0
2018 $2,763 $27,000 $0 $0
2017 $1,420 $22,500 $0 $0
2016 $1,223 $22,600 $0 $0
2015 $987 $22,600 $0 $0
2013 -- $18,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Mark O`Gorman

    Greenridge Realty (Kentwood)

    (616) 690-1793

    13 Total Sales

    Mark O`Gorman
    Section Image

  • A

    Buyer's Agent in 2015

    Aaron Metaj

    Bellabay Realty LLC

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15004266

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-283-019

Michigan Kent County Grand Rapids 49503 Madison Area

731 Franklin St SE, Grand Rapids, MI

This home is located at 731 Franklin St SE, Grand Rapids, MI 49507 since 02 February 2015 and is currently estimated at $201,333, approximately $162 per square foot. This property was built in 1908. 731 Franklin St SE is a home located in Kent County with nearby schools including Martin Luther King Leadership 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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