NOT LISTED FOR SALE

740 Bridge St NW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $308,000 - $464,000

8 Beds
4 Baths
-- Sq Ft
6,621 Sq Ft Lot

Last Sold June 22, 2015

Last sale price $104,900

Est. 270% increase in value since last sale

Current estimated payment $2,380/month

3 Days on Market

About This Home

As of June 2015

Great location! Excellent investment opportunity! 4 unit with split utilities, vinyl windows, vinyl siding, new roof (4/3/2105) with 15 year transferable warranty and off street parking. Rents bring in $1950/MO. Walking distance to shops and restaurants. Close to public transportation. Located on Bridge Street, only a stone’s throw from the extensive redevelopment. Package deal option for 740 Bridge and 748 Bridge (neighboring property).
All appliances included. Fully rented with strong rental history. City certified. Professionally maintained through management company.

Last Agent to Sell the Property

Beth Leslie

Compass Realty Services License #6501364136 Listed on: 04/07/2015

Co-Listed By

Mark Troy

Compass Realty Services License #6502355827

Last Buyer's Agent

William 'Duke' Gray

EXP Realty (Grand Rapids) License #6506048115

EXP Realty (Grand Rapids)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,291

Year Built

  • Built in 1900

Lot Details

  • 6,621

Parking

  • 4 Parking Spaces

Home Design

  • Rubber Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Michigan Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for gas
  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,291

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: 66*100
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1290.8
  • Tax Info:Zoning3: Res
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Roofing:Rubber: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Michigan Basement

Exterior Features

  • List Price: 104900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

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

Lot Info

  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Gas

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 1290.8
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2015
Closed on
Jun 22, 2015
Sold by
Zinko Enterprises Llc
Bought by
Gr Westside Investments Llc
Seller's Agent
Beth Leslie
Compass Realty Services
Buyer's Agent
William 'Duke' Gray
EXP Realty (Grand Rapids)
List Price
$104,900
Sold Price
$104,900
Current Estimated Value
$388,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,299
Avg. Annual Appreciation
13.52%

Purchase Details

Listed on
Jul 9, 2012
Closed on
Nov 16, 2012
Sold by
Siminski Daniel and Siminski Natalie
Bought by
Zinko Enterprises Llc
Seller's Agent
Mark Brace
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Buyer's Agent
David Reierson
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$49,900
Sold Price
$35,500
Premium/Discount to List
-$14,400
-28.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.70%
Original Mortgage
$26,625
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 9, 2012
Closed on
Nov 14, 2012
Sold by
The Estate Of Ann R Mickel
Bought by
Siminski Daniel
Seller's Agent
Mark Brace
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
Buyer's Agent
David Reierson
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$49,900
Sold Price
$35,500
Premium/Discount to List
-$14,400
-28.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,625
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 1985
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
Gr Westside Investments Llc $169,800 Sun Title Agency Of Mi Llc
Zinko Enterprises Llc -- First American Title Ins Co
Siminski Daniel $35,500 Ppr Title Agency
-- $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Siminski Daniel $26,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2015 06/22/15 Sold $104,900 0.0% --
04/10/2015 04/10/15 Pending -- -- --
04/07/2015 04/07/15 For Sale $104,900 +195.5% --
11/14/2012 11/14/12 Sold $35,500 -28.9% -- View Prior Sale
07/16/2012 07/16/12 Pending -- -- --
07/09/2012 07/09/12 For Sale $49,900 -- --
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 $3,867 $198,700 $0 $0
2024 $3,867 $171,300 $0 $0
2023 $3,696 $147,700 $0 $0
2022 $3,645 $137,900 $0 $0
2021 $3,552 $103,500 $0 $0
2020 $3,433 $101,100 $0 $0
2019 $3,515 $81,500 $0 $0
2018 $3,407 $64,700 $0 $0
2017 $3,324 $62,800 $0 $0
2016 $3,359 $29,100 $0 $0
2015 $1,319 $29,100 $0 $0
2013 -- $25,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Beth Leslie

    Compass Realty Services

  • Mark Troy

    Seller Co-Listing Agent in 2015

    Mark Troy

    Compass Realty Services

    (616) 452-4200

    13 Total Sales

    Mark Troy
    Section Image
  • William 'Duke' Gray

    Buyer's Agent in 2015

    William 'Duke' Gray

    EXP Realty (Grand Rapids)

    (616) 862-1713

    1 in this area

    86 Total Sales

    William 'Duke' Gray
    Section Image
  • Mark Brace

    Seller's Agent in 2012

    Mark Brace

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 447-7025

    835 Total Sales

    Mark Brace
    Section Image

  • D

    Buyer's Agent in 2012

    David Reierson

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15015138

Southwestern Michigan Association of REALTORS®

APN: 41-13-25-101-004

Michigan Kent County Grand Rapids 49504 SWAN

740 Bridge St NW, Grand Rapids, MI

This home is located at 740 Bridge St NW, Grand Rapids, MI 49504 since 07 April 2015 and is currently estimated at $388,199. This property was built in 1900. 740 Bridge St NW is a home located in Kent County with nearby schools including Sibley School, Westwood 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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