NOT LISTED FOR SALE

842 Lyon St NE Grand Rapids, MI 49503

Midtown Grand Rapids Neighborhood

Estimated Value: $323,831 - $373,000

4 Beds
2 Baths
-- Sq Ft
5,500 Sq Ft Lot

Last Sold February 28, 2017

Last sale price $143,000

Est. 143% increase in value since last sale

Current estimated payment $2,351/month

8 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • 3 Car Garage
  • 4-minute walk to Midtown Green

About This Home

As of February 2017

INVESTORS take note of this 2 unit property located 1 block South of Medical Mile in the Midtown area. Property features maintenance free vinyl siding and has many vinyl windows (lower unit fitted 2012). 2 bed 1 bath in each unit, with lower unit having an additional room for an office/study.
Lower unit kitchen has newer cabinets and SS Appliances, including a D/W.
Upper bathroom has new flooring and vanity. New water heater 2014, Furnace new in 2007
Newer built 2 car garage is a bonus in the City.
Currently rented for $1455/mo on a month to month basis which is well below market rents.
1 furnace & Water Htr. Split Electric. Owner pays gas, water/sewer. Unit sqfts are approximated based on City website. Buyer to verify

Last Agent to Sell the Property

Paul Leason

Berkshire Hathaway HomeServices Michigan Real Estate (South) License #6501388457 Listed on: 01/20/2017

Berkshire Hathaway HomeServices Michigan Real Estate (South)

Last Buyer's Agent

Paul Leason

Berkshire Hathaway HomeServices Michigan Real Estate (South) License #6501388457 Listed on: 01/20/2017

Berkshire Hathaway HomeServices Michigan Real Estate (South)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,225

Year Built

  • Built in 1954

Lot Details

  • 5,500

Parking

  • 3 Car Garage

Home Design

  • Composition Roof
  • Vinyl Siding

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 5,500 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,225

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1954
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 44*125
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3225.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • List Price: 160000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5500.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3225.0
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2020
Sold by
Amicable 842 Llc
Bought by
Haeffele Hannah and Haeffele Jonathan
Current Estimated Value
$347,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,196
Outstanding Balance
$184,310
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$147,058

Purchase Details

Listed on
Jan 20, 2017
Closed on
Feb 28, 2017
Sold by
Hometown Property Llc
Bought by
Amicable 842 Llc
Seller's Agent
Paul Leason
Berkshire Hathaway HomeServices Michigan Real Estate (South)
Buyer's Agent
Paul Leason
Berkshire Hathaway HomeServices Michigan Real Estate (South)
List Price
$160,000
Sold Price
$143,000
Premium/Discount to List
-$17,000
-10.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.37%

Purchase Details

Closed on
Jun 25, 2014
Sold by
Woudstra Jon
Bought by
Hometown Property Llc

Purchase Details

Closed on
Jan 21, 2014
Sold by
Hometown Property Llc
Bought by
Woudstra Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2011
Sold by
Woudstra Jon and Woudstra Jonathan David
Bought by
Hometown Property Llc

Purchase Details

Closed on
Dec 2, 2010
Sold by
Woudstra Jessica Elaine
Bought by
Woudstra Jonathan David

Purchase Details

Closed on
Oct 10, 2007
Sold by
Schroeder Eric
Bought by
Woudstra Jon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 1999
Sold by
Pawelka Pawelka W W and Pawelka Schroedr E
Bought by
Woudstra Schroedr E and Woudstra Jon

Purchase Details

Closed on
Oct 22, 1992

Purchase Details

Closed on
Jun 4, 1992
Sold by
Siegel Siegel R R and Siegel Haner M
Bought by
Woudstra Jon

Purchase Details

Closed on
Jun 2, 1992

Purchase Details

Closed on
Jun 13, 1990
Sold by
Thompson Thompson S S and Thompson Haner M
Bought by
Woudstra Jon

Purchase Details

Closed on
Dec 7, 1987

Purchase Details

Closed on
Nov 3, 1987

Purchase Details

Closed on
Jun 29, 1982
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
Haeffele Hannah $210,000 Iron Gate Title Agency Llc
Amicable 842 Llc $143,000 None Available
Hometown Property Llc -- None Available
Woudstra Jon -- None Available
Hometown Property Llc -- None Available
Woudstra Jonathan David -- None Available
Woudstra Jon $145,000 None Available
Woudstra Schroedr E $33,000 --
-- $35,300 --
Woudstra Jon $35,300 --
-- -- --
Woudstra Jon -- --
-- $20,500 --
-- $13,900 --
-- $20,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haeffele Hannah $206,196
Previous Owner Woudstra Jon $123,200
Previous Owner Woudstra Jon $130,500
Previous Owner Schroeder Eric D $80,000
Previous Owner Schroeder Eric D $57,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2017 02/28/17 Sold $143,000 -10.6% --
01/28/2017 01/28/17 Pending -- -- --
01/20/2017 01/20/17 For Sale $160,000 -- --
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 $5,530 $133,600 $0 $0
2024 $5,530 $128,000 $0 $0
2023 $5,485 $119,900 $0 $0
2022 $5,213 $108,600 $0 $0
2021 $4,094 $95,000 $0 $0
2020 $3,063 $83,200 $0 $0
2019 $3,814 $74,900 $0 $0
2018 $3,698 $69,800 $0 $0
2017 $3,209 $71,000 $0 $0
2016 $3,225 $60,100 $0 $0
2015 $3,072 $60,100 $0 $0
2013 -- $45,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Paul Leason

    Berkshire Hathaway HomeServices Michigan Real Estate (South)

    (616) 717-1901

    76 Total Sales

    Paul Leason
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17002202

Southwestern Michigan Association of REALTORS®

APN: 41-14-29-152-003

Michigan Kent County Grand Rapids 49503 Midtown Grand Rapids

842 Lyon St NE, Grand Rapids, MI

This home is located at 842 Lyon St NE, Grand Rapids, MI 49503 since 20 January 2017 and is currently estimated at $347,458. This property was built in 1954. 842 Lyon St NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, 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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