NOT LISTED FOR SALE

848 Union Ave SE Grand Rapids, MI 49507

Madison Area Neighborhood

Estimated Value: $227,463 - $257,000

-- Bed
-- Bath
-- Sq Ft
4,660 Sq Ft Lot

Last Sold February 12, 2018

Last sale price $125,000

Est. 90% increase in value since last sale

Current estimated payment $1,484/month

9 Days on Market

Highlights

  • Forced Air Heating System
  • Wood Siding
  • 4-minute walk to Alexander Park

About This Home

As of February 2018

Incredible investment opportunity in the desirable southeast side of Grand Rapids. Side by side duplex with separate utilities and city rental compliance certificate good through 2023. New roof(tear-off), new water heaters, fresh outside paint, new basement windows, and off street parking. The covered front porch leads to a living room with wood floors, eating area, and kitchen with pantry. The upper level has two bedrooms and a full bath. The lower level has plenty of storage and a laundry area. The second unit is almost identical. Both units are occupied by long standing month to month tenants so you could start generating rental income at closing. Bring your investors today!

Last Agent to Sell the Property

Jordan Nemmers

Cascade Properties Rlty LLC License #6506042764 Listed on: 12/20/2017

Last Buyer's Agent

Joshua Shaub

Icon Realty Group LLC License #6502398672

Icon Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,134

Year Built

  • Built in 1922

Lot Details

  • 4,660 Sq Ft Lot
  • Lot Dimensions are 40x117

Parking

  • 2 Parking Spaces

Home Design

  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,134

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1922
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40X117
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1134.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 149000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

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

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4660.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1134.0
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2017
Closed on
Feb 12, 2018
Sold by
Jackson Dennis
Bought by
Scoles Jeremy
Seller's Agent
Jordan Nemmers
Cascade Properties Rlty LLC
Buyer's Agent
Joshua Shaub
Icon Realty Group LLC
List Price
$149,000
Sold Price
$125,000
Premium/Discount to List
-$24,000
-16.11%
Current Estimated Value
$238,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,116
Avg. Annual Appreciation
7.64%
Original Mortgage
$127,687
Interest Rate
3.95%
Mortgage Type
VA

Purchase Details

Closed on
Oct 27, 1994
Sold by
Cross Cross T T and Cross Jackson D
Bought by
Jackson Dennis

Purchase Details

Closed on
Jun 6, 1990
Sold by
Cross Debow
Bought by
Jackson Dennis

Purchase Details

Closed on
Jul 1, 1983
Bought by
Jackson Dennis

Purchase Details

Closed on
Oct 19, 1979
Sold by
Bos Bos L L and Bos Debow D
Bought by
Jackson Dennis
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
Scoles Jeremy $125,000 Next Door Title Agency Llc
Jackson Dennis -- --
Jackson Dennis $24,700 --
Jackson Dennis $24,700 --
Jackson Dennis $12,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scoles Jeremy $127,687
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2018 02/12/18 Sold $125,000 -16.1% --
12/29/2017 12/29/17 Pending -- -- --
12/20/2017 12/20/17 For Sale $149,000 -- --
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 $2,665 $108,900 $0 $0
2024 $2,665 $101,200 $0 $0
2023 $2,644 $83,700 $0 $0
2022 $2,513 $69,500 $0 $0
2021 $2,448 $62,900 $0 $0
2020 $2,366 $53,700 $0 $0
2019 $2,010 $45,400 $0 $0
2018 $963 $37,700 $0 $0
2017 $1,134 $31,600 $0 $0
2016 $1,139 $28,000 $0 $0
2015 $1,086 $28,000 $0 $0
2013 -- $29,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jordan Nemmers

    Seller's Agent in 2018

    Jordan Nemmers

    Cascade Properties Rlty LLC

    (616) 745-5062

    49 Total Sales

    Jordan Nemmers
    Section Image

  • J

    Buyer's Agent in 2018

    Joshua Shaub

    Icon Realty Group LLC

    (616) 216-2000

    72 Total Sales

    Joshua Shaub
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17059604

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-428-015

Michigan Kent County Grand Rapids 49507 Madison Area

848 Union Ave SE, Grand Rapids, MI

This home is located at 848 Union Ave SE, Grand Rapids, MI 49507 since 20 December 2017 and is currently estimated at $238,116. This property was built in 1922. 848 Union Ave SE 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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