NOT LISTED FOR SALE

847 Emerald Ave NE Grand Rapids, MI 49503

Estimated Value: $337,000 - $573,000

-- Bed
-- Bath
-- Sq Ft
0.42 Acres

Last Sold December 14, 2016

Last sale price $112,847

Est. 294% increase in value since last sale

Current estimated payment $2,737/month

20 Days on Market

Highlights

  • Hot Water Heating System
  • 7 Car Garage
  • 4-minute walk to Eastern School Playground

About This Home

As of December 2016

Land Bank Home. All Brick 4-Unit on NE side. Home sits in a residential area. Awesome profit potential on this one! Separate garages. Zoning is LDR. Special Land Use variance may be required to operate as 4-unit. Check with City. Seller will not respond to offers until the home has been on the market for 20 days. Offers must include a written renovation plan, written statement regarding the ability of the buyer to complete the renovations, and POF to complete the purchase and renovation. See attached addendums. These are required to be completely filled out with any offer submitted. POF for purchase and POF for renovation is REQUIRED with ALL OFFERS. See agent remarks for additional restrictions. Any attached code violations must be addressed on renovation plan.

Last Agent to Sell the Property

Randy Charboneau

Independence Realty (RSC) License #6506045903 Listed on: 07/28/2016

Last Buyer's Agent

Keli Bandoske

Yonkers Realty LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 99x185

Parking

  • 7 Car Garage

Home Design

  • Brick Exterior Construction
  • Composition Roof

Basement

  • Natural lighting in basement

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • REO, home is currently bank or lender owned

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1966
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 99x185
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 7020.0
  • Tax Info:Zoning3: LDR
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Heat Type:Hot Water: Yes
  • Substructure:Daylight: Yes
  • Sale Conditions:REOBank Owned: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement, Daylight

Exterior Features

  • Construction Materials: Brick
  • List Price: 100000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 7.0
  • General Property Info:Total Parking Spaces: 7.0
  • Extras:Garages: Yes
  • Unit 1:Garage4: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Hot Water, Natural Gas
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.42
  • Lot Size Area: 0.42
  • Lot Size Sq Ft: 18315.0
  • Zoning Description: LDR
  • ResoLotSizeUnits: Acres

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 7020.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2016
Closed on
Dec 13, 2016
Sold by
Kent County Land Bank Autho0rity
Bought by
Manker Alex and Manker Bernard E
Seller's Agent
Randy Charboneau
Independence Realty (RSC)
Buyer's Agent
Keli Bandoske
Yonkers Realty LLC
List Price
$100,000
Sold Price
$112,847
Premium/Discount to List
$12,847
12.85%
Current Estimated Value
$444,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$331,612
Avg. Annual Appreciation
14.88%

Purchase Details

Closed on
Jul 11, 2016
Sold by
Parrish Kenneth D
Bought by
The City Of Grand Rapids

Purchase Details

Closed on
Jul 6, 2016
Sold by
City Of Grand Rapids
Bought by
Kent County Land Bank Authority

Purchase Details

Closed on
Jul 24, 2006
Sold by
West Michigan Investment Ii Llc
Bought by
King Raymond and King Tammi T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,400
Interest Rate
8.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 4, 2005
Sold by
Smith Tyler
Bought by
West Michigan Investments Ii Llc

Purchase Details

Closed on
Oct 21, 2004
Sold by
West Michigan Investments Ii Llc
Bought by
Smith Tyler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
5.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 2004
Sold by
Smith Tyler L
Bought by
West Michigan Investments Ii Llc

Purchase Details

Closed on
Dec 7, 1995
Sold by
Abid Abid D D and Abid Smith T
Bought by
King Smith T and King Raymond Tammi

Purchase Details

Closed on
Jan 18, 1990
Sold by
Vndrsteen Vndrsteen D D and Vndrsteen J
Bought by
King Raymond Tammi
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
Manker Alex $112,847 None Available
The City Of Grand Rapids $405,636 None Available
Kent County Land Bank Authority $405,636 None Available
King Raymond $193,000 None Available
West Michigan Investments Ii Llc -- --
Smith Tyler -- --
West Michigan Investments Ii Llc -- --
King Smith T $120,500 --
King Raymond Tammi $127,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner King Raymond $154,400
Previous Owner Smith Tyler $106,500
Previous Owner Smith Tyler L $100,000
Previous Owner Smith Tyler L $129,500
Previous Owner Smith Tyler L $114,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2016 12/14/16 Sold $112,847 +12.8% --
08/17/2016 08/17/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $100,000 -- --
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 $3,781 $185,300 $0 $0
2024 $3,781 $126,800 $0 $0
2023 $3,750 $126,800 $0 $0
2022 $3,564 $106,300 $0 $0
2021 $3,473 $96,700 $0 $0
2020 $3,357 $96,700 $0 $0
2019 $3,437 $70,600 $0 $0
2018 $3,332 $65,300 $0 $0
2017 $3,250 $86,400 $0 $0
2016 $3,958 $83,200 $0 $0
2015 $6,845 $83,200 $0 $0
2013 -- $72,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Charboneau

    Seller's Agent in 2016

    Randy Charboneau

    Independence Realty (RSC)

    (616) 262-0001

    96 Total Sales

    Section Image
  • Keli Bandoske

    Buyer's Agent in 2016

    Keli Bandoske

    Yonkers Realty LLC

    (313) 580-1690

    65 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16038750

Southwestern Michigan Association of REALTORS®

APN: 41-14-20-154-009

Michigan Kent County Grand Rapids 49503

847 Emerald Ave NE, Grand Rapids, MI

This home is located at 847 Emerald Ave NE, Grand Rapids, MI 49503 since 28 July 2016 and is currently estimated at $444,459. This property was built in 1966. 847 Emerald Ave NE is a home located in Kent County with nearby schools including East Leonard Elementary School, Riverside 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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