NOT LISTED FOR SALE

733 Lake Dr SE Grand Rapids, MI 49503

East Hills Neighborhood

Estimated Value: $354,000 - $426,000

4 Beds
4 Baths
-- Sq Ft
6,011 Sq Ft Lot

Last Sold June 29, 2021

Last sale price $300,000

Est. 28% increase in value since last sale

Current estimated payment $2,611/month

2 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Wood Siding
  • Cooling System Mounted In Outer Wall Opening
  • Level Lot
  • 2-minute walk to Cherry Park

About This Home

As of June 2021

This is an opportunity to own a well maintained 3-unit multi-family property in a prime Grand Rapids location, just blocks to Heritage Hill, Eastown and Downtown. Owner occupy or earn market rents! The 3-bedroom/1 bath unit and upper 1 bedroom/1 bath unit are not occupied and are in move-in-ready condition. Main floor studio unit with a full kitchen is currently occupied. Basement area features the shared laundry area and additional storage space. Ample parking in the back. This home and location must be seen to be appreciated fully!

Last Agent to Sell the Property

Kyle Visser

Reside Grand Rapids License #6502432810 Listed on: 05/06/2021

Last Buyer's Agent

Diane Griffin

Keller Williams GR North License #6502361836

Keller Williams GR North

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,843

Year Built

  • Built in 1875

Lot Details

  • 6,011 Sq Ft Lot
  • Lot Dimensions are 50x120
  • Level Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Parking

  • 4 Parking Spaces
  • Paved Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,843

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement, Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 315000.0
  • Lot Features: Level
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: Wall Unit(s)
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electric Available, Natural Gas Connected

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Dimensions: 50x120
  • Lot Size Sq Ft: 6011.0
  • Zoning Description: TN-LDR
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3843.14
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2021
Sold by
Diane Griffin
Bought by
Griffin Diane and Salmi Ruby Scott
Current Estimated Value
$382,961

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 29, 2021
Sold by
Mfhp Holdings Llc
Bought by
Griffin Diane
Seller's Agent
Kyle Visser
Reside Grand Rapids
Buyer's Agent
Diane Griffin
Keller Williams GR North
List Price
$315,000
Sold Price
$300,000
Premium/Discount to List
-$15,000
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%
Original Mortgage
$222,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2021
Sold by
Blom Corey
Bought by
Mfhp Holdings Llc

Purchase Details

Listed on
Oct 23, 2020
Closed on
Oct 22, 2020
Sold by
Jcn Holdings Llc
Bought by
Blom Corey
Seller's Agent
Meagan Zerfas
Novosad Realty Partners, LLC
Buyer's Agent
Kyle Visser
Reside Grand Rapids
List Price
$249,900
Sold Price
$250,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%
Original Mortgage
$187,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2014
Sold by
Reame Investments Llc
Bought by
Jcn Holdings Llc

Purchase Details

Closed on
May 27, 2011
Sold by
Reame Brandon J and Reame Brent A
Bought by
Reame Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,062
Interest Rate
4.96%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2011
Sold by
Metropolitan Gr Properties Llc
Bought by
Reame Brandon J and Reame Brent A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,062
Interest Rate
4.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2010
Sold by
Holshoe Richard W and Holshoe Jennifer
Bought by
Metropolitan Gr Properties Llc

Purchase Details

Closed on
Jul 7, 2010
Sold by
Holshoe Richard W and Holshoe Jennifer
Bought by
The Huntington National Bank

Purchase Details

Closed on
Apr 29, 1999
Bought by
Rowden D and Reame Investments Llc

Purchase Details

Closed on
Apr 16, 1999
Sold by
Rojac Vndrploeg R and Rojac As
Bought by
Reame Investments Llc

Purchase Details

Closed on
Feb 23, 1999
Sold by
Vnfrw Vnfrw M M and Vnfrw E
Bought by
Glbrt and Reame Investments Llc

Purchase Details

Closed on
Jul 30, 1996
Bought by
Vanfarowe M and Reame Investments Llc

Purchase Details

Closed on
Sep 16, 1991
Sold by
Vanfarowe Vanfarowe M M and Pieksma Vanfarowe
Bought by
Reame Investments Llc

Purchase Details

Closed on
Nov 9, 1990
Sold by
Props Wst and Props Vnfrowe M
Bought by
Reame Investments Llc

Purchase Details

Closed on
Feb 6, 1989
Sold by
Props Boyd K and Props West
Bought by
Reame Investments Llc

Purchase Details

Closed on
Jan 23, 1989

Purchase Details

Closed on
Oct 26, 1978

Purchase Details

Closed on
Apr 6, 1972
Sold by
Boyd Boyd K K and Boyd Vndrploeg R
Bought by
Reame Investments Llc
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
Griffin Diane -- None Listed On Document
Griffin Diane $300,000 None Available
Mfhp Holdings Llc -- None Available
Blom Corey $250,000 None Available
Jcn Holdings Llc -- Lighthouse Title Inc
Reame Investments Llc -- None Available
Reame Brandon J $94,750 None Available
Metropolitan Gr Properties Llc $40,000 Chicago Title
The Huntington National Bank $69,750 None Available
Rowden D $106,000 --
Reame Investments Llc -- --
Glbrt $87,000 --
Vanfarowe M -- --
Reame Investments Llc -- --
Reame Investments Llc -- --
Reame Investments Llc -- --
-- $59,500 --
-- $21,500 --
Reame Investments Llc $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffin Diane $165,310
Previous Owner Griffin Diane $222,750
Previous Owner Blom Corey $187,500
Previous Owner Jcn Holdings Llc $0
Previous Owner Reame Brandon J $71,062
Previous Owner Holshoe Richard W $139,891
Previous Owner Holshoe Richard W $147,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2021 06/29/21 Sold $300,000 -4.8% --
05/08/2021 05/08/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $315,000 +26.1% --
10/23/2020 10/23/20 For Sale $249,900 0.0% --
10/22/2020 10/22/20 Sold $250,000 -- --
09/30/2020 09/30/20 Pending -- -- --
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 $5,736 $197,200 $0 $0
2024 $5,736 $159,100 $0 $0
2023 $5,791 $149,200 $0 $0
2022 $6,034 $151,200 $0 $0
2021 $5,871 $112,500 $0 $0
2020 $3,843 $113,100 $0 $0
2019 $3,935 $96,500 $0 $0
2018 $3,815 $92,000 $0 $0
2017 $3,721 $81,000 $0 $0
2016 $3,739 $66,400 $0 $0
2015 $3,395 $66,400 $0 $0
2013 -- $55,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kyle Visser

    Seller's Agent in 2021

    Kyle Visser

    Reside Grand Rapids

    (616) 419-9637

    11 in this area

    532 Total Sales

    Kyle Visser
    Section Image
  • Diane Griffin

    Buyer's Agent in 2021

    Diane Griffin

    Keller Williams GR North

    (616) 916-5960

    4 in this area

    104 Total Sales

    Diane Griffin
    Section Image

  • M

    Seller's Agent in 2020

    Meagan Zerfas

    Novosad Realty Partners, LLC

    (616) 304-8130

    2 in this area

    46 Total Sales

    Meagan Zerfas
    Section Image

  • S

    Seller Co-Listing Agent in 2020

    Sommer Dockery

    Novosad Realty Partners, LLC

    (773) 329-1734

    2 in this area

    27 Total Sales

    Sommer Dockery
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21015783

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-428-018

Michigan Kent County Grand Rapids 49503 East Hills

733 Lake Dr SE, Grand Rapids, MI

This home is located at 733 Lake Dr SE, Grand Rapids, MI 49503 since 06 May 2021 and is currently estimated at $382,961. This property was built in 1875. 733 Lake Dr SE is a home located in Kent County with nearby schools including Congress Elementary, 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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