NOT LISTED FOR SALE

Estimated Value: $225,340 - $281,000

-- Bed
-- Bath
-- Sq Ft
9,240 Sq Ft Lot

Last Sold October 24, 2014

Last sale price $52,500

Est. 371% increase in value since last sale

Current estimated payment $1,509/month

9 Days on Market

Highlights

  • High Speed Internet
  • Wood Siding
  • Heating System Uses Natural Gas

About This Home

As of October 2014

There's a lot of opportunity with this two family income property in NW Grand Rapids. The downstairs unit (currently vacant) would be great for owner occupant who wants to earn rental income and live in a spacious apartment with character. Both units are 2 bed, 1 bath. Separate gas/electric and heating units. Lower unit features hardwood flooring, original doors and woodwork and a huge kitchen. Ample street parking is available, but really not needed, as you have a 2 stall garage and off street parking behind the home. Newer roof and mechanicals, just needs some exterior cosmetic detail.

Last Agent to Sell the Property

Laura Featherston

Greenridge Realty (Summit) License #6506046903 Listed on: 09/18/2014

Last Buyer's Agent

Michael Balsitis

Bellabay Realty LLC License #6502346774

Bellabay Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1885

Lot Details

  • 9,240 Sq Ft Lot
  • Lot Dimensions are 70 x 132

Home Design

  • Composition Roof
  • Wood Siding

Basement

  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • Unpaved Driveway

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Individual Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • High Speed Internet
  • Phone Connected
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,200

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1885
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:Lot Dimensions: 70 x 132
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1200.0
  • Tax Info:Zoning3: R2
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Driveway:Unpaved: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Heat Type:Radiant: Yes
  • Extras:Sep Gas Meter: Yes
  • Extras:Sep Water Meter: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 55000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Heating: Radiant, Natural Gas
  • Heating: Yes
  • Utilities: Telephone Line, Public Sewer, Cable Connected, Broadband

Lot Info

  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Sq Ft: 9240.0
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1200.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2017
Sold by
Rdg Fund 5 Lth Llc
Bought by
Iccf Homes Llc
Current Estimated Value
$247,335

Purchase Details

Listed on
Sep 18, 2014
Closed on
Oct 24, 2014
Sold by
Bittersweet Properties Group Joann M Kli
Bought by
Rdg Fund 5 Lth Llc
Seller's Agent
Laura Featherston
Greenridge Realty (Summit)
Buyer's Agent
Michael Balsitis
Bellabay Realty LLC
List Price
$55,000
Sold Price
$52,500
Premium/Discount to List
-$2,500
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.98%

Purchase Details

Closed on
Jul 24, 2012
Sold by
Larm Properties Group Llc
Bought by
Bittersweet Properties Group Llc

Purchase Details

Closed on
Jan 7, 2011
Sold by
Secretary Of Housing & Urban Development
Bought by
Larm Properties Group

Purchase Details

Closed on
Mar 3, 2010
Sold by
Chase Home Finance Llc
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Sep 2, 2009
Sold by
Taylor Michael T
Bought by
Chase Home Finance Llc

Purchase Details

Closed on
Apr 4, 2001
Sold by
Hietala Brian and Hietala Hi
Bought by
Taylor Michael T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,440
Interest Rate
7.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 1997

Purchase Details

Closed on
Aug 9, 1993
Sold by
Krueger Krueger D D and Krueger Hi
Bought by
Bittersweet Properties Group Llc
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
Iccf Homes Llc -- First American Title Ins Co
Rdg Fund 5 Lth Llc $52,500 Chicago Title
Bittersweet Properties Group Llc -- None Available
Larm Properties Group $22,000 None Available
The Secretary Of Housing & Urban Develop -- None Available
Chase Home Finance Llc $73,527 None Available
Taylor Michael T $71,000 First American Title Ins Co
-- $47,500 --
Bittersweet Properties Group Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rdg Fund-5 Lth Llc $500,000
Previous Owner Taylor Michael T $10,339
Previous Owner Taylor Michael T $70,440
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2014 10/24/14 Sold $52,500 -4.5% --
09/27/2014 09/27/14 Pending -- -- --
09/18/2014 09/18/14 For Sale $55,000 -- --
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 $2,050 $109,800 $0 $0
2024 $2,050 $92,100 $0 $0
2023 $2,033 $81,200 $0 $0
2022 $1,932 $67,400 $0 $0
2021 $1,883 $59,900 $0 $0
2020 $1,820 $53,500 $0 $0
2019 $1,863 $42,800 $0 $0
2018 $1,806 $34,100 $0 $0
2017 $1,367 $27,800 $0 $0
2016 $1,373 $25,600 $0 $0
2015 $1,309 $25,600 $0 $0
2013 -- $22,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14053593

Southwestern Michigan Association of REALTORS®

APN: 41-13-23-481-005