NOT LISTED FOR SALE

733 Lafayette Ave NE Grand Rapids, MI 49503

Belknap Lookout Neighborhood

Estimated Value: $278,000 - $297,000

-- Bed
-- Bath
-- Sq Ft
6,050 Sq Ft Lot

Last Sold October 18, 2023

Last sale price $273,875

Est. 4% increase in value since last sale

Current estimated payment $2,015/month

6 Days on Market

Highlights

  • 1 Fireplace
  • High Speed Internet
  • 5-minute walk to Coit Park
  • Forced Air Heating System

About This Home

As of October 2023

With both units fully rented, this is your dream investment opportunity! This remarkable duplex offers an excellent chance to expand your portfolio immediately while already making money. Located in a desirable neighborhood and within minutes of the hospital, this property features two separate units, each with its own unique charm and functionality. The upper unit of this duplex is a spacious and inviting living space and is rented until March of 2024. Boasting 3 bedrooms and 1 bathroom, this unit provides ample room for a growing family or the potential to convert one of the bedrooms into a home office or study. The well-appointed kitchen is perfect for culinary adventures, while the comfortable living room offers a cozy retreat. The lower unit is a long time tenant and is rented month to month. Providing you as the owner the opportunity to keep as a fully functioning income property, OR move into the lower unit and have your other tenant help pay your mortgage! The opportunities are endless. The 2 bed, 1 bath unit provides the perfect amount of space. Add a splash of color, and update the floors, to make it your own, OR to increase your rental income even more.

Last Agent to Sell the Property

Tammy Jo Budzynski

Keller Williams GR North (Main) License #6506043034 Listed on: 09/06/2023

Keller Williams GR North (Main)

Last Buyer's Agent

Emily Anderson

Greenridge Realty South Haven License #6501420468

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,616

Year Built

  • Built in 1900

Lot Details

  • 6,050 Sq Ft Lot
  • Lot Dimensions are 50 x 121

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Walk-Out Basement

Parking

  • 1 Parking Space
  • Paved Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • 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

$1,616

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: 50 x 121
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1616.19
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Walk Out: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Walk Out

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 279900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 1.0
  • General Property Info:Total Parking Spaces: 1.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 50 x 121
  • Lot Size Sq Ft: 6050.0
  • Zoning Description: Res
  • 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: 1616.19
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Oct 17, 2023
Sold by
Lafayette Avenue Llc
Bought by
Lutz Kent
Seller's Agent
Tammy Jo Budzynski
Keller Williams GR North (Main)
Buyer's Agent
Emily Anderson
Greenridge Realty South Haven
List Price
$279,900
Sold Price
$273,875
Premium/Discount to List
-$6,025
-2.15%
Views
5
Current Estimated Value
$286,039

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,164
Avg. Annual Appreciation
2.25%
Original Mortgage
$205,406
Outstanding Balance
$201,740
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$84,299

Purchase Details

Listed on
Oct 11, 2021
Closed on
Jan 13, 2022
Sold by
Tew Stephen B
Bought by
Lafayette Avenue Llc
Seller's Agent
Randy Reeds
Reeds Realty
Buyer's Agent
Darryl Matthews, Jr
Keller Williams GR East
Sold Price
$219,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.28%
Original Mortgage
$175,920
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 1995
Sold by
Tew Tew D D and Tew S
Bought by
Tew Tew S and Tew Stephen B

Purchase Details

Closed on
Dec 1, 1986
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
Lutz Kent $273,875 Chicago Title
Lafayette Avenue Llc $219,900 Sun Title
Tew Tew S -- --
-- $7,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lutz Kent $205,406
Previous Owner Lafayette Avenue Llc $175,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $273,875 -2.2% --
09/12/2023 09/12/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $279,900 +27.3% --
01/13/2022 01/13/22 Sold $219,900 0.0% --
10/29/2021 10/29/21 Pending -- -- --
10/11/2021 10/11/21 For Sale -- -- --
07/19/2021 07/19/21 Pending -- -- --
07/19/2021 07/19/21 For Sale -- -- --
07/14/2021 07/14/21 Off Market $219,900 -- --
07/02/2021 07/02/21 For Sale $219,900 -- --
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 $5,992 $126,700 $0 $0
2024 $5,992 $120,100 $0 $0
2023 $5,630 $111,200 $0 $0
2022 $1,616 $100,800 $0 $0
2021 $1,575 $90,400 $0 $0
2020 $1,522 $80,700 $0 $0
2019 $1,558 $72,600 $0 $0
2018 $1,511 $62,500 $0 $0
2017 $1,474 $55,100 $0 $0
2016 $1,481 $48,200 $0 $0
2015 $1,447 $48,200 $0 $0
2013 -- $37,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tammy Jo Budzynski

    Keller Williams GR North (Main)

    (616) 292-4400

    8 in this area

    512 Total Sales

    Tammy Jo Budzynski
    Section Image
  • Emily Anderson

    Buyer's Agent in 2023

    Emily Anderson

    Greenridge Realty South Haven

    (313) 550-1794

    1 in this area

    96 Total Sales

    Emily Anderson
    Section Image
  • Randy Reeds

    Seller's Agent in 2022

    Randy Reeds

    Reeds Realty

    (616) 291-3930

    2 in this area

    273 Total Sales

    Randy Reeds
    Section Image
  • Darryl Matthews, Jr

    Buyer's Agent in 2022

    Darryl Matthews, Jr

    Keller Williams GR East

    (616) 881-9047

    5 in this area

    233 Total Sales

    Darryl Matthews, Jr
    Section Image
  • Lucas Howard

    Buyer Co-Listing Agent in 2022

    Lucas Howard

    Keller Williams GR East

    (616) 893-6478

    4 in this area

    1,228 Total Sales

    Lucas Howard
    Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 23132771

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-327-031

Michigan Kent County Grand Rapids 49503 Belknap Lookout

733 Lafayette Ave NE, Grand Rapids, MI

This home is located at 733 Lafayette Ave NE, Grand Rapids, MI 49503 since 06 September 2023 and is currently estimated at $286,039. This property was built in 1900. 733 Lafayette Ave NE is a home located in Kent County with nearby schools including Coit Creative Arts Academy, Riverside Middle School, and Union 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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