NOT LISTED FOR SALE

743 First St NW Grand Rapids, MI 49504

West Grand Neighborhood

Estimated Value: $211,863 - $242,000

-- Bed
-- Bath
-- Sq Ft
1870 Built

Last Sold October 03, 2019

Last sale price $140,000

Est. 61% increase in value since last sale

Current estimated payment $1,467/month

1 Day on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • 5-minute walk to Douglas Park

About This Home

As of October 2019

STOCKBRIDGE 2 UNIT. Excellent opportunity to own this rehabbed income property in one of Grand Rapids transforming neighborhoods. 2 bedroom units with separate utilities, and in unit laundry. Newer windows. Total market rents of $1800 mo. City Cert 3/2020. Must get in to appreciate!

Last Agent to Sell the Property

Lisa Elburn

616 Realty LLC Listed on: 08/08/2019

616 Realty LLC

Last Buyer's Agent

Kevin Yoder

LPT Realty License #6502401443

LPT Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,538

Year Built

  • Built in 1870

Parking

  • 1 Parking Space

Basement

  • Michigan Basement

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for trash collection, gas
  • The owner pays for water

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,538

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1870
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 134900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 1.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Water Source: Public

Lot Info

  • Lot Size Area: 1.0
  • Lot Size Sq Ft: 1.0
  • Zoning Description: multi
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Trash Collection, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1538.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2019
Closed on
Oct 21, 2019
Sold by
Yoder Kevin M
Bought by
743 1St St Llc
Seller's Agent
Lisa Elburn
616 Realty LLC
Buyer's Agent
Kevin Yoder
LPT Realty
List Price
$134,900
Sold Price
$140,000
Premium/Discount to List
$5,100
3.78%
Current Estimated Value
$226,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,015
Avg. Annual Appreciation
8.41%
Original Mortgage
$105,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 8, 2019
Closed on
Oct 3, 2019
Sold by
Eaton Dustin
Bought by
Yoder Kevin M
Seller's Agent
Lisa Elburn
616 Realty LLC
Buyer's Agent
Kevin Yoder
LPT Realty
List Price
$134,900
Sold Price
$140,000
Premium/Discount to List
$5,100
3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2015
Closed on
Sep 30, 2015
Sold by
Boomer Food Vending Llc
Bought by
Eaton Dustin
Seller's Agent
Jacob Thomas
United Realty Services LLC
Buyer's Agent
Lisa Elburn
616 Realty LLC
List Price
$64,000
Sold Price
$69,001
Premium/Discount to List
$5,001
7.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.30%

Purchase Details

Closed on
Dec 30, 2009
Sold by
Lolordo Joseph
Bought by
Boomer Food Vending Llc

Purchase Details

Closed on
Dec 18, 2009
Sold by
Ravenscrag Properties Llc
Bought by
Lolordo Joseph

Purchase Details

Closed on
Dec 5, 2007
Sold by
Crater Vern J
Bought by
Deutsche Bank Trust Co Americas and Soundview Home Loan Trust 2006-Eq1

Purchase Details

Closed on
Jun 20, 2006
Sold by
Lam Ky Thoai and Huynh Muoi Thi
Bought by
Crater Vern J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,200
Interest Rate
6.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 10, 1992
Sold by
Packowski Packowski I I and Packowski Lam K
Bought by
Boomer Food Vending Llc

Purchase Details

Closed on
Feb 8, 1992
Sold by
Earhart Earhart B B and Earhart Lam K
Bought by
Boomer Food Vending Llc

Purchase Details

Closed on
Jul 28, 1986
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
743 1St St Llc -- None Available
Yoder Kevin M $140,000 Sun Title Agency Of Mi Llc
Eaton Dustin $69,000 Bell Title Agency
Boomer Food Vending Llc -- None Available
Lolordo Joseph -- None Available
Deutsche Bank Trust Co Americas $70,550 None Available
Crater Vern J $132,000 None Available
Boomer Food Vending Llc $19,900 --
Boomer Food Vending Llc -- --
-- $19,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 743 1St St Llc $2,081,716
Closed Yoder Kevin M $105,000
Previous Owner Ravenscrag Properties $100,000
Previous Owner Crater Vern J $112,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2019 10/03/19 Sold $140,000 +3.8% --
08/09/2019 08/09/19 Pending -- -- --
08/08/2019 08/08/19 For Sale $134,900 +95.5% --
10/02/2015 10/02/15 Sold $69,001 +7.8% --
09/19/2015 09/19/15 Pending -- -- --
09/17/2015 09/17/15 For Sale $64,000 -- --
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 $2,754 $91,100 $0 $0
2024 $2,754 $81,100 $0 $0
2023 $2,732 $73,200 $0 $0
2022 $2,596 $60,700 $0 $0
2021 $2,530 $54,100 $0 $0
2020 $2,445 $47,800 $0 $0
2019 $1,490 $37,800 $0 $0
2018 $1,490 $30,100 $0 $0
2017 $1,453 $27,300 $0 $0
2016 $1,460 $24,600 $0 $0
2015 $1,129 $24,600 $0 $0
2013 -- $21,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lisa Elburn

    616 Realty LLC

    (616) 970-5472

    1 in this area

    29 Total Sales

    Section Image
  • Kevin Yoder

    Buyer's Agent in 2019

    Kevin Yoder

    LPT Realty

    (616) 730-8185

    3 in this area

    298 Total Sales

    Section Image
  • Jacob Thomas

    Seller's Agent in 2015

    Jacob Thomas

    United Realty Services LLC

    (616) 965-2304

    17 in this area

    159 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19038057

Southwestern Michigan Association of REALTORS®

APN: 41-13-24-353-005

Michigan Kent County Grand Rapids 49504 West Grand

743 First St NW, Grand Rapids, MI

This home is located at 743 First St NW, Grand Rapids, MI 49504 since 08 August 2019 and is currently estimated at $233,216. This property was built in 1870. 743 First 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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