NOT LISTED FOR SALE

808 Veto St NW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $192,000 - $224,000

-- Bed
-- Bath
-- Sq Ft
2,376 Sq Ft Lot

Last Sold May 13, 2016

Last sale price $81,500

Est. 163% increase in value since last sale

Current estimated payment $1,346/month

3 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 3-minute walk to Lexington Park

About This Home

As of May 2016

Nice Starter Investment property on Grand Rapids' West Side. Both apartments are rented for immediate cash flow. Lower is a 1 bedroom, 1 bath unit with a long time tenant. Upper unit is a 2 bedroom 1 bath unit. Both water heaters and one furnace have been replaced within the last 5 years. The exterior was repainted 3 years ago.

Last Agent to Sell the Property

Joshua Heyboer

Keller Williams GR East Listed on: 04/05/2016

Keller Williams GR East

Last Buyer's Agent

Peter Bruinsma

Grand River Realty License #6502402583

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,150

Year Built

  • Built in 1902

Lot Details

  • 2,376 Sq Ft Lot
  • Lot Dimensions are 36x66

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Rubber Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Gas Meter
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $907
  • Maintenance Expense $1,387
  • Manager Expense $1,132
  • Utility Expense $840
  • Operating Expense $5,487
  • Gross Income $10,500
  • Net Operating Income $5,286

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,150

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1902
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 36x66
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1150.0
  • Tax Info:Zoning3: R-2
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: 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
  • Util Avail at Street:Cable2: Yes
  • Extras:Sep Gas Meter: Yes
  • Roofing:Rubber: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 75000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0

Utilities

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

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Area: 0.05
  • Lot Size Sq Ft: 2376.0
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 10500.0
  • Insurance Expense: 907.0
  • Maintenance Expense: 1387.0
  • Manager Expense: 1132.0
  • Net Operating Income: 5286.0
  • Number of Units Total: 2
  • Operating Expense: 5487.0

Tax Info

  • Tax Annual Amount: 1150.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2016
Closed on
May 13, 2016
Sold by
Cielo Group Llc
Bought by
Stieler Ann Marie
Seller's Agent
Joshua Heyboer
Keller Williams GR East
Buyer's Agent
Peter Bruinsma
Grand River Realty
List Price
$75,000
Sold Price
$81,500
Premium/Discount to List
$6,500
8.67%
Current Estimated Value
$214,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,197
Avg. Annual Appreciation
11.15%
Original Mortgage
$61,125
Outstanding Balance
$48,927
Interest Rate
3.58%
Mortgage Type
Commercial
Estimated Equity
$166,099

Purchase Details

Closed on
Sep 9, 2005
Sold by
Thomas Wllyam K and Ly Heather
Bought by
Cielo Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,860
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 2005
Sold by
Beekman Robert C and Beekman Anne C
Bought by
Thomas Willyam K and Ly Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,860
Interest Rate
5.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 1999
Sold by
Dvrmn Dvrmn D D and Dvrmn Beekman R
Bought by
Beekman R and Cielo Group Llc

Purchase Details

Closed on
Mar 18, 1992
Sold by
Thayer Thayer S S and Thayer Deverman D
Bought by
Cielo Group Llc

Purchase Details

Closed on
Dec 29, 1987
Bought by
Cielo Group Llc

Purchase Details

Closed on
Dec 19, 1985
Source: Public Records

Range of Values:

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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
Stieler Ann Marie $81,500 Grand Group Title Co Llc
Cielo Group Llc -- Metropolitan Title Company
Thomas Willyam K $89,500 Metropolitan Title Company
Beekman Robert C $47,000 Metropolitan Title Company
Beekman R -- --
Cielo Group Llc $29,500 --
Cielo Group Llc $37,500 --
-- $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stieler Ann Marie $61,125
Previous Owner Thomas Willyam K $8,860
Previous Owner Thomas Willyam K $71,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2016 05/13/16 Sold $81,500 +8.7% --
04/08/2016 04/08/16 Pending -- -- --
04/05/2016 04/05/16 For Sale $75,000 -- --
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 $1,921 $95,400 $0 $0
2024 $1,921 $85,000 $0 $0
2023 $1,905 $76,600 $0 $0
2022 $1,811 $63,500 $0 $0
2021 $1,764 $56,500 $0 $0
2020 $1,705 $49,900 $0 $0
2019 $1,746 $39,200 $0 $0
2018 $1,693 $33,400 $0 $0
2017 $1,651 $27,900 $0 $0
2016 $1,207 $25,100 $0 $0
2015 $1,150 $25,100 $0 $0
2013 -- $21,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joshua Heyboer

    Seller's Agent in 2016

    Joshua Heyboer

    Keller Williams GR East

    (616) 446-4067

    1 in this area

    144 Total Sales

    Joshua Heyboer
    Section Image
  • Peter Bruinsma

    Buyer's Agent in 2016

    Peter Bruinsma

    Grand River Realty

    (616) 293-5731

    6 in this area

    193 Total Sales

    Peter Bruinsma
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16014548

Southwestern Michigan Association of REALTORS®

APN: 41-13-26-285-009

Michigan Kent County Grand Rapids 49504 SWAN

808 Veto St NW, Grand Rapids, MI

This home is located at 808 Veto St NW, Grand Rapids, MI 49504 since 05 April 2016 and is currently estimated at $214,697. This property was built in 1902. 808 Veto 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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