NOT LISTED FOR SALE

850 Lafayette Ave SE Grand Rapids, MI 49507

Southeast Community Association Neighborhood

Estimated Value: $250,000 - $290,344

-- Bed
4 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold January 08, 2021

Last sale price $195,000

Est. 39% increase in value since last sale

Current estimated payment $1,916/month

5 Days on Market

About This Home

As of January 2021

Cash flowing vinyl sided duplex with split utilities in great condition. Replacement windows. Lower unit completely remodeled including new kitchen, flooring, and paint. Both units have in unit laundry and central air. $1950/M in rent. Upper tenant is long term and no rent increases in over 5 years.

Last Agent to Sell the Property

Allison Koetsier

Compass Realty Services License #6502378425 Listed on: 11/28/2020

Compass Realty Services

Last Buyer's Agent

Peter Bruinsma

Grand River Realty License #6502402583

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,415

Year Built

  • Built in 1875

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating and Cooling System
  • High Speed Internet

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water, sewer

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,415

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1875
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 179900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 3.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Broadband

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5227.0
  • Zoning Description: Res Inc
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity, Gas

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 2415.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Hatcher Gregory V and Hatcher Shayna L
Bought by
Cassia Nooks Llc
Current Estimated Value
$270,336

Purchase Details

Listed on
Nov 28, 2020
Closed on
Jan 8, 2021
Sold by
Butch Dog Llc
Bought by
Hatcher Gregory and Hatcher Shayna
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Peter Bruinsma
Grand River Realty
List Price
$179,900
Sold Price
$195,000
Premium/Discount to List
$15,100
8.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%
Original Mortgage
$146,250
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2018
Sold by
Koetsier Properties Llc
Bought by
Butch Dog Llc

Purchase Details

Closed on
Sep 22, 2016
Sold by
Abiathar Management Llc
Bought by
Koetsier Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.45%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 7, 2016
Sold by
Hoeksema Brian and Hoeksema Christine
Bought by
Abiathar Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.45%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 11, 2012
Sold by
Abiathar Management Llc
Bought by
Hoeksema Brian W and Hoeksema Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 3, 2008
Sold by
Livezey James M and Livezey Lori L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 31, 2006
Sold by
Livezey James and Livezey Lori
Bought by
Smelser K David and Lafayette Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2006
Sold by
Live E & Z Housing Solutions Llc
Bought by
Livezey James M and Livezey Lori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2006
Sold by
Live E Z Housing Solutions Llc
Bought by
Livezey James M and Livezey Lori L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Interest Rate
6.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 2005
Sold by
Picket Fence Properties Llc
Bought by
Live Ez Solutions

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
6.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 3, 2004
Sold by
S Ii S Inc
Bought by
Picket Fence Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.91%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 3, 2003
Sold by
Garrett Morris and Garrett Ann
Bought by
S2s Inc
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
Cassia Nooks Llc -- --
Hatcher Gregory $195,000 Pathway Title Agency Llc
Butch Dog Llc -- None Available
Koetsier Properties Llc $300,000 Chicago Title Of Mi Inc
Koetsier Properties Llc $300,000 None Available
Abiathar Management Llc -- None Available
Hoeksema Brian W -- First American Title Ins Co
Federal National Mortgage Association $171,456 None Available
Smelser K David -- None Available
Livezey James M -- Lighthouse Title Inc
Livezey James M -- None Available
Live Ez Solutions $48,000 Unified Title & Settlement L
Picket Fence Properties Llc -- --
S2s Inc $37,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hatcher Gregory $227,500
Previous Owner Hatcher Gregory $146,250
Previous Owner Koetsier Properties Llc $240,000
Previous Owner Hoeksema Brian W $52,500
Previous Owner Hoeksema Brian W $50,000
Previous Owner Livezey James M $156,000
Previous Owner Live E Z Housing Solutions Llc $29,998
Previous Owner Live Ez Solutions $154,000
Previous Owner Picket Fence Properties Llc $95,000
Closed Abiathar Management Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold $195,000 +8.4% --
12/03/2020 12/03/20 Pending -- -- --
11/28/2020 11/28/20 For Sale $179,900 -- --
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 $5,312 $122,900 $0 $0
2024 $5,312 $113,500 $0 $0
2023 $5,444 $101,400 $0 $0
2022 $4,350 $83,900 $0 $0
2021 $2,407 $75,700 $0 $0
2020 $2,327 $65,900 $0 $0
2019 $2,382 $54,400 $0 $0
2018 $2,309 $44,400 $0 $0
2017 $2,253 $37,100 $0 $0
2016 $1,385 $26,900 $0 $0
2015 $1,319 $26,900 $0 $0
2013 -- $25,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    5 in this area

    132 Total Sales

    Allison Koetsier
    Section Image
  • Peter Bruinsma

    Buyer's Agent in 2021

    Peter Bruinsma

    Grand River Realty

    (616) 293-5731

    4 in this area

    192 Total Sales

    Peter Bruinsma
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20048951

Southwestern Michigan Association of REALTORS®

APN: 41-14-31-330-010

Michigan Kent County Grand Rapids 49507 Southeast Community Association

850 Lafayette Ave SE, Grand Rapids, MI

This home is located at 850 Lafayette Ave SE, Grand Rapids, MI 49507 since 28 November 2020 and is currently estimated at $270,336. This property was built in 1875. 850 Lafayette Ave SE is a home located in Kent County with nearby schools including Gerald R. Ford Academic Center, 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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