NOT LISTED FOR SALE

741 3rd St NW Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $271,000 - $354,000

-- Bed
-- Bath
-- Sq Ft
3,726 Sq Ft Lot

Last Sold July 01, 2024

Last sale price $345,000

Est. 8% decrease in value since last sale

Current estimated payment $1,870/month

5 Days on Market

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • High Speed Internet
  • Corner Lot: Yes

About This Home

As of July 2024

Welcome to 741 3rd Street! This one owner multi-unit is located within the thriving northwest side business district. The property boasts of 3 fully occupied leases, two 1 bedroom 1 bathroom units, as well as a spacious 2 bedroom 1 bathroom unit. The basement is a great space for future washer/dryer connection or unit storage. There are 4 off-street parking spots available, and a good size outdoor storage shed. The roof features a metal shingle, and is only a few years in age. This is a great long term investment with the continued growth happening within the City of Grand Rapids. Offer deadline is set for 4/22/2024 at 2pm.

Last Agent to Sell the Property

Jacob Rolf

Kilner Group Realty License #6501385872 Listed on: 04/17/2024

Co-Listed By

John McMahon

Kilner Group Realty License #6506049422

Last Buyer's Agent

John McMahon

Kilner Group Realty License #6506049422

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,805

Year Built

  • Built in 1890

Lot Details

  • 3,726 Sq Ft Lot
  • Corner Lot: Yes

Home Design

  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • High Speed Internet
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, water, trash collection, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,805

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 54*69*56.6*70
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1805.0
  • Tax Info:Zoning3: RES MULTIFAMILY
  • General Property Info:Total _pound_ Units: 3
  • 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
  • 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:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Roofing:Metal: Yes
  • Extras:Sep Gas Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 285000.0
  • Lot Features: Corner Lot
  • Number of Buildings: 1
  • Roof: Metal
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Broadband

Lot Info

  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Dimensions: 54*69*56.6*70
  • Lot Size Sq Ft: 3726.0
  • Zoning Description: RES MULTIFAMILY
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 1805.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
Jul 1, 2024
Sold by
Snarski Francis and Francis Snarski Living Trust
Bought by
Peoples Elbow Llc
Seller's Agent
Jacob Rolf
Kilner Group Realty
Buyer's Agent
John McMahon
Kilner Group Realty
List Price
$285,000
Sold Price
$345,000
Premium/Discount to List
$60,000
21.05%
Views
13
Current Estimated Value
$316,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,355
Avg. Annual Appreciation
-6.18%
Original Mortgage
$273,200
Outstanding Balance
$270,634
Interest Rate
6.94%
Mortgage Type
Credit Line Revolving
Estimated Equity
$50,381

Purchase Details

Closed on
Jul 22, 2022
Sold by
Francis Snarski
Bought by
Francis Snarski Living Trust
Source: Public Records

Range of Values:

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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
Peoples Elbow Llc $345,000 Chicago Title
Francis Snarski Living Trust -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peoples Elbow Llc $273,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2024 07/01/24 Sold $345,000 +21.1% --
04/22/2024 04/22/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $285,000 -- --
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 $1,736 $135,600 $0 $0
2024 $1,736 $120,600 $0 $0
2023 $1,736 $108,400 $0 $0
2022 $1,412 $90,100 $0 $0
2021 $1,378 $80,500 $0 $0
2020 $1,326 $71,400 $0 $0
2019 $1,370 $57,000 $0 $0
2018 $1,326 $46,800 $0 $0
2017 $1,293 $35,900 $0 $0
2016 $1,329 $32,700 $0 $0
2015 $1,254 $32,700 $0 $0
2013 -- $28,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jacob Rolf

    Kilner Group Realty

    (616) 581-6417

    5 in this area

    147 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2024

    John McMahon

    Kilner Group Realty

    (616) 802-7889

    4 in this area

    43 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24018181

Southwestern Michigan Association of REALTORS®

APN: 41-13-23-440-007

Michigan Kent County Grand Rapids 49504 West Grand

741 3rd St NW, Grand Rapids, MI

This home is located at 741 3rd St NW, Grand Rapids, MI 49504 since 17 April 2024 and is currently estimated at $316,645. This property was built in 1890. 741 3rd St NW is a home located in Kent County with nearby schools including Stocking Elementary, 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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