NOT LISTED FOR SALE

745 Oakdale St SE Unit 11 Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $212,274 - $276,000

-- Bed
-- Bath
-- Sq Ft
6,251 Sq Ft Lot

Last Sold May 17, 2019

Last sale price $126,500

Est. 77% increase in value since last sale

Current estimated payment $1,446/month

7 Days on Market

Highlights

  • Cooling Available
  • High Speed Internet
  • Wood Siding
  • Forced Air Heating System

About This Home

As of May 2019

**Seller is licensed realtor** Recent appraisal is attached and valued this property at $144,000. Completely updated, tenant occupied, and certified 2 unit in Oakdale neighborhood. Street dead ends into Madison Square Church. This property has it all. New roof in 2017, professionally painted siding in 2016. Unit 1 is leased through Oct 2019. Unit 2 is leased through Jan 2022. City cert was updated in Oct 2018 and valid through 2022! Gross rents total $1,350.00

Last Agent to Sell the Property

Shantae Waldner

Bellabay Realty LLC License #6501417484 Listed on: 04/09/2019

Bellabay Realty LLC

Co-Listed By

Joseph Waldner

Bellabay Realty LLC License #6501329370

Last Buyer's Agent

Drew Denham

Keller Williams GR North (Main) License #6506047679

Keller Williams GR North (Main)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1916

Lot Details

  • 6,251 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $850
  • Maintenance Expense $500
  • Manager Expense $810
  • Operating Expense $2,810
  • Gross Income $16,200
  • Net Operating Income $13,390

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,100

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1916
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 129900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.14
  • Lot Size Area: 0.14
  • Lot Size Sq Ft: 6251.0
  • Zoning Description: Multifamily
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 16200.0
  • Insurance Expense: 850.0
  • Maintenance Expense: 500.0
  • Manager Expense: 810.0
  • Net Operating Income: 13390.0
  • Number of Units Total: 2
  • Operating Expense: 2810.0

Tax Info

  • Tax Annual Amount: 1100.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2019
Closed on
May 17, 2019
Sold by
Waldner Investments Llc
Bought by
Degroot Mandi
Seller's Agent
Shantae Waldner
Bellabay Realty LLC
Buyer's Agent
Drew Denham
Keller Williams GR North (Main)
List Price
$129,900
Sold Price
$126,500
Premium/Discount to List
-$3,400
-2.62%
Current Estimated Value
$224,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,958
Avg. Annual Appreciation
11.29%
Original Mortgage
$107,525
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2018
Closed on
Sep 26, 2018
Sold by
Barnsdale Ronald C
Bought by
Waldner Investments Llc
Seller's Agent
Anthony DeBartolo
DeBartolo Realty - I
Buyer's Agent
Nancy Martinez
Bellabay Realty LLC
List Price
$109,900
Sold Price
$94,900
Premium/Discount to List
-$15,000
-13.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.69%
Original Mortgage
$1,000,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 10, 2007
Sold by
Barnsdale Patricia
Bought by
Barnsdale Ronald

Purchase Details

Closed on
Jan 13, 2003
Sold by
Driggers Charles I and Driggers Mary Ann
Bought by
Barnsdale Ronald C

Purchase Details

Closed on
Jan 4, 2003
Sold by
Matthews Eddie J and Matthews Cora M
Bought by
Barnsdale Ronald C

Purchase Details

Closed on
Jan 3, 2001
Sold by
Mooring Tax Asset Group Llc
Bought by
Barnsdale Ronald C

Purchase Details

Closed on
Sep 15, 2000

Purchase Details

Closed on
Oct 15, 1999
Sold by
Murray Mark A and Willard Thomas E
Bought by
Mooring Tax Asset Group I

Purchase Details

Closed on
Apr 16, 1991

Purchase Details

Closed on
Oct 30, 1990
Sold by
City Matthews C and City Gr
Bought by
Barnsdale Ronald
Source: Public Records

Range of Values:

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Average Value
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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
Degroot Mandi $126,500 Nations Title Agency
Waldner Investments Llc $109,900 None Available
Barnsdale Ronald -- None Available
Barnsdale Ronald C -- --
Barnsdale Ronald C -- --
Barnsdale Ronald C $959 --
-- -- --
Mooring Tax Asset Group I $959 --
-- $5,000 --
Barnsdale Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Degroot Mandi $113,000
Closed Degroot Mandi $107,525
Previous Owner Waldner Investments Llc $1,000,000
Previous Owner Barnsdale Ronald C $29,496
Previous Owner Barnsdale Ronald C $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2019 05/17/19 Sold $126,500 -2.6% --
04/16/2019 04/16/19 Pending -- -- --
04/09/2019 04/09/19 For Sale $129,900 +36.9% --
09/26/2018 09/26/18 Sold $94,900 -13.6% --
08/24/2018 08/24/18 Pending -- -- --
08/20/2018 08/20/18 For Sale $109,900 -- --
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 $2,679 $89,700 $0 $0
2024 $2,679 $81,800 $0 $0
2023 $2,717 $71,500 $0 $0
2022 $2,585 $59,800 $0 $0
2021 $2,461 $54,300 $0 $0
2020 $2,378 $46,500 $0 $0
2019 $2,113 $39,600 $0 $0
2018 $1,258 $33,600 $0 $0
2017 $1,227 $28,300 $0 $0
2016 $1,233 $25,300 $0 $0
2015 $1,175 $25,300 $0 $0
2013 -- $25,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Shantae Waldner

    Bellabay Realty LLC

    Section Image

  • J

    Seller Co-Listing Agent in 2019

    Joseph Waldner

    Bellabay Realty LLC

    Section Image
  • Drew Denham

    Buyer's Agent in 2019

    Drew Denham

    Keller Williams GR North (Main)

    (989) 213-7217

    135 Total Sales

    Section Image

  • A

    Seller's Agent in 2018

    Anthony DeBartolo

    DeBartolo Realty - I

    Section Image
  • Nancy Martinez

    Buyer's Agent in 2018

    Nancy Martinez

    Bellabay Realty LLC

    (616) 204-1432

    62 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19013270

Southwestern Michigan Association of REALTORS®

APN: 41-18-06-277-020

Michigan Kent County Grand Rapids 49507 Madison Area

745 Oakdale St SE Unit 11, Grand Rapids, MI

This home is located at 745 Oakdale St SE Unit 11, Grand Rapids, MI 49507 since 09 April 2019 and is currently estimated at $247,319. This property was built in 1916. 745 Oakdale St SE Unit 11 is a home located in Kent County with nearby schools including Campus Elementary School, 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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