NOT LISTED FOR SALE

Estimated Value: $222,000 - $255,000

-- Bed
-- Bath
-- Sq Ft
2,880 Sq Ft Lot

Last Sold January 28, 2022

Last sale price $207,000

Est. 17% increase in value since last sale

Current estimated payment $1,558/month

6 Days on Market

Highlights

  • Wooded Lot
  • Forced Air Heating System
  • Wood Siding
  • 1 Fireplace
  • Level Lot

About This Home

As of January 2022

Great opportunity to own a well maintained 2 unit multi-family investment property with good rental history. Located in the NW area of US-131 and 196 interchange. Just minutes from highways, downtown, entertainment, night life, medical mile, Bridge Street eateries, etc...Property within walking distance to downtown Grand Rapids. Close to Stocking Elementary School. Upgrades include: New roof shingles in 2021; house repainted in 2020; lower unit remodeled in 2021 along with vinyl plank flooring; upper unit deck reroofed with new spindles and interior upgrades. You won't want to miss out on this ideal turnkey property!

Last Agent to Sell the Property

Janice VandenBerg

Coldwell Banker Woodland Schmidt License #6506043736 Listed on: 12/16/2021

Coldwell Banker Woodland Schmidt

Last Buyer's Agent

Todd Fencil

RE/MAX of Grand Rapids (Stndl) License #6501288439

RE/MAX of Grand Rapids (Stndl)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,136

Year Built

  • Built in 1880

Lot Details

  • 2,880 Sq Ft Lot
  • Lot Dimensions are 32 x 90
  • Level Lot
  • Wooded Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 1 Parking Space
  • Paved Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Space Heater
  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,169
  • Gross Income $18,923

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,136

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1880
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 32 x 90
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1135.92
  • General Property Info:Total _pound_ Units: 2
  • Lot Description:Wooded: Yes
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Level: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Substructure:Michigan Basement: Yes
  • Extras:Sep Gas Meter: Yes
  • Heat Type:Space Heater: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Util Avail at Street Phone Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 189900.0
  • Lot Features: Level, Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Paved
  • Total Parking Spaces: 1.0
  • General Property Info:Total Parking Spaces: 1.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Space Heater
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Electricity Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Dimensions: 32 x 90
  • Lot Size Sq Ft: 2880.0
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 18923.0
  • Insurance Expense: 1169.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1135.92
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2022
Sold by
Dutta Ayon Bandhan
Bought by
829 Ninth St Llc
Current Estimated Value
$241,709

Purchase Details

Listed on
Dec 16, 2021
Closed on
Jan 26, 2022
Sold by
River Valley Management Llc
Bought by
Ayon Bandhan Dutta and Binoy Talk
Seller's Agent
Janice VandenBerg
Coldwell Banker Woodland Schmidt
Buyer's Agent
Todd Fencil
RE/MAX of Grand Rapids (Stndl)
List Price
$189,900
Sold Price
$207,000
Premium/Discount to List
$17,100
9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$155,250
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 1999
Sold by
Rvr Girod S and Rvr Vly Mgmt
Bought by
Rvr Vly Mgmt and River Valley Management Llc

Purchase Details

Closed on
Dec 11, 1992
Sold by
Eaton Eaton N N and Eaton Gibson C
Bought by
River Valley Management Llc

Purchase Details

Closed on
Feb 12, 1987
Sold by
Rvr Gibson S and Mn Rvr Valy
Bought by
River Valley Management Llc

Purchase Details

Closed on
May 5, 1981
Bought by
River Valley Management Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
829 Ninth St Llc -- Chicago Title
Ayon Bandhan Dutta $207,000 Chicago Title
Rvr Vly Mgmt -- --
River Valley Management Llc $30,000 --
River Valley Management Llc $35,000 --
River Valley Management Llc $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ayon Bandhan Dutta $155,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $207,000 +9.0% --
12/22/2021 12/22/21 Pending -- -- --
12/16/2021 12/16/21 For Sale $189,900 -- --
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 $3,310 $81,600 $0 $0
2024 $3,310 $73,700 $0 $0
2023 $3,354 $66,100 $0 $0
2022 $45 $53,500 $0 $0
2021 $1,136 $47,900 $0 $0
2020 $1,098 $42,300 $0 $0
2019 $1,124 $33,600 $0 $0
2018 $1,090 $28,400 $0 $0
2017 $1,063 $24,000 $0 $0
2016 $1,068 $21,800 $0 $0
2015 $1,018 $21,800 $0 $0
2013 -- $20,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 21118492

Southwestern Michigan Association of REALTORS®

APN: 41-13-23-281-010