Seller's Agent in 2025
Emily Anderson
Greenridge Realty South Haven
(313) 550-1794
1 in this area
92 Total Sales
733 Lafayette Ave NE Grand Rapids, MI 49503
Belknap Lookout Neighborhood
--
Bed
--
Bath
--
Sq Ft
6,050
Sq Ft Lot
Highlights
- 1 Fireplace
- High Speed Internet
- 5-minute walk to Coit Park
- Forced Air Heating System
About This Home
As of October 2023With 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
Keller Williams GR North License #6506043034 Listed on: 09/06/2023
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
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
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.22%
Original Mortgage
$205,406
Outstanding Balance
$202,109
Interest Rate
7.12%
Mortgage Type
New Conventional
Estimated Equity
$97,248
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $273,875 | Chicago Title | |
| Warranty Deed | $219,900 | Sun Title | |
| Deed | -- | -- | |
| Deed | $7,400 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $205,406 | New Conventional | |
| Previous Owner | $175,920 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2025 07/16/25 | Price Changed | $294,000 | -1.7% | -- |
| 05/28/2025 05/28/25 | For Sale | $299,000 | +9.2% | -- |
| 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
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
-
Emily Anderson
-
Tammy Jo Budzynski
T
Seller's Agent in 2023
Tammy Jo Budzynski
Keller Williams GR North
(616) 292-4400
8 in this area
511 Total Sales
-
Randy Reeds
Seller's Agent in 2022
Randy Reeds
Reeds Realty
(616) 291-3930
2 in this area
283 Total Sales
-
Darryl Matthews, Jr
Buyer's Agent in 2022
Darryl Matthews, Jr
Keller Williams GR East
(616) 881-9047
5 in this area
235 Total Sales
-
Lucas Howard
Buyer Co-Listing Agent in 2022
Lucas Howard
Keller Williams GR East
(616) 893-6478
4 in this area
1,267 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 23132771
APN: 41-14-19-327-031
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