$35,500
SOLD NOV 14, 2012

740 Bridge St NW Grand Rapids, MI 49504

SWAN Neighborhood
-- Bed
-- Bath
-- Sq Ft
6,534 Sq Ft Lot

Recently Sold

29% Below List Price

7 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • 4-minute walk to Douglas Park

About This Home

As of June 2015

4 Unit Home in Grand Rapids, Completely Rented. All Have 2 Bedrooms/1 Bath.Can Be Sold As A Bundle With 748 Bridge & 1338 Muskegon.

Last Agent to Sell the Property

Mark Brace

Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6502368851 Listed on: 07/09/2012

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Last Buyer's Agent

David Reierson

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1900

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Aluminum Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 6,534 Sq Ft Lot

Community Details

  • Insurance Expense $658
  • Maintenance Expense $1,375
  • Operating Expense $6,117
  • Gross Income $11,525
  • Net Operating Income $5,407

Listing and Financial Details

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

Property Details

Home Type

Apartment

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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 49900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Telephone Line, Public Water, Public Sewer, Broadband

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Sq Ft: 6534.0
  • Zoning Description: Res

Rental Info

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

Multi Family

  • Gross Income: 11525.0
  • Insurance Expense: 658.0
  • Maintenance Expense: 1375.0
  • Net Operating Income: 5407.0
  • Operating Expense: 6117.0

Tax Info

  • Tax Annual Amount: 1860.0

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
$406,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,563
Avg. Annual Appreciation
14.20%

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 Type Sale Price Title Company
Warranty Deed $169,800 Sun Title Agency Of Mi Llc
Quit Claim Deed -- First American Title Ins Co
Warranty Deed $35,500 Ppr Title Agency
Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $26,625 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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% --
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

    15 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

    87 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

    857 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: 12037876

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 and is currently priced at $35,500. 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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