NOT LISTED FOR SALE

Estimated Value: $229,000 - $267,000

3 Beds
3 Baths
-- Sq Ft
2,544 Sq Ft Lot

Last Sold December 23, 2024

Last sale price $253,000

Est. 2% decrease in value since last sale

Current estimated payment $1,687/month

6 Days on Market

Highlights

  • Forced Air Heating System
  • Laundry Facilities
  • High Speed Internet

About This Home

As of December 2024

Discover this fantastic 2-unit multifamily property on the desirable northwest side of Grand Rapids! Just a short stroll from the vibrant Bridge Street scene, you'll find an array of restaurants, breweries, and the Bridge Street Market grocery store, making this location a perfect blend of convenience and urban living.
This well-maintained property features two leased units, offering immediate income potential. The lower unit boasts a spacious 3-bedroom, 1-bath layout, currently leased for $1,700 per month. Recently renovated, it features a modern updated kitchen and updated bathroom with new tub, toilet and vanity. Fresh paint, and new flooring throughout providing a stylish and comfortable living space. The upper unit, a cozy 1-bedroom, 1-bath, is leased for $1,150 per month. Each unit has separate utility meters and furnaces, ensuring easy management for the owner. Located close to Grand Valley State University's downtown campus and conveniently near a bus line to the Allendale campus, this property is ideal for students and young professionals alike. Whether you're an investor seeking a turnkey rental or looking to live in one unit while generating income from the other, this multifamily gem is a must-see. Don't miss your chance to own a piece of this thriving community!

Last Agent to Sell the Property

Casion (SCOTT) Hunt

Weichert REALTORS Plat (Main) License #6501267362 Listed on: 11/27/2024

Weichert REALTORS Plat (Main)

Last Buyer's Agent

Terry Puffer

Legacy Real Estate Partners License #6501424238

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,596

Year Built

  • Built in 1896

Lot Details

  • 2,544 Sq Ft Lot
  • Lot Dimensions are 32 x 79.5

Home Design

  • Composition Roof
  • Aluminum Siding

Basement

  • Michigan Basement
  • Laundry in Basement

Location

  • Mineral Rights Excluded

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,596

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1896
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 32 x 79.5
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: residential
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Mineral Rights:No: Yes
  • Substructure:Michigan Basement: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Common Area: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Cable Available: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Remarks Misc: Public Remarks: Discover this fantastic 2-unit multifamily property on the desirable northwest side of Grand Rapids! Just a short stroll from the vibrant Bridge Street scene, you'll find an array of restaurants, breweries, and the Bridge Street Market grocery store, making this location a perfect blend of convenience and urban living. This well-maintained property features two leased units, offering immediate income potential. The lower unit boasts a spacious 3-bedroom, 1-bath layout, currently leased for $1,700 per month. Recently renovated, it features a modern updated kitchen and updated bathroom with new tub, toilet and vanity. Fresh paint, and new flooring throughout providing a stylish and comfortable living space. The upper unit, a cozy 1-bedroom, 1-bath, is leased for $1,150 per month.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 259000.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Aluminum Siding: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Common Area, In Basement
  • Utilities: Cable Available, Natural Gas Connected, Electricity Connected

Lot Info

  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Dimensions: 32 x 79.5
  • Lot Size Sq Ft: 2544.0
  • Zoning Description: residential

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 3596.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2024
Closed on
Dec 23, 2024
Sold by
Kauth James and Davis Bonnie
Bought by
Nethercott Michael
Seller's Agent
Casion (SCOTT) Hunt
Weichert REALTORS Plat (Main)
Buyer's Agent
Terry Puffer
Legacy Real Estate Partners
List Price
$259,000
Sold Price
$253,000
Premium/Discount to List
-$6,000
-2.32%
Current Estimated Value
$248,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,735
Avg. Annual Appreciation
-1.66%
Original Mortgage
$240,350
Outstanding Balance
$237,803
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$10,462

Purchase Details

Listed on
Feb 2, 2023
Closed on
Mar 7, 2023
Sold by
Fouty Nancy and Fouty Len
Bought by
Kauth James and Davis Bonnie
Seller's Agent
David VanDyke
Short South Realty Group
Buyer's Agent
Casion (SCOTT) Hunt
Weichert REALTORS Plat (Main)
List Price
$214,900
Sold Price
$210,000
Premium/Discount to List
-$4,900
-2.28%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.90%
Original Mortgage
$157,500
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 14, 2019
Closed on
Jan 17, 2020
Sold by
Ja Renovations Inc
Bought by
Fouty Nancy and Fouty Len
Seller's Agent
Neil DeMeester
JA Companies - I
Buyer's Agent
Krista Erickson
Coldwell Banker Anchor-Hart
List Price
$154,900
Sold Price
$138,000
Premium/Discount to List
-$16,900
-10.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.31%

Purchase Details

Closed on
Aug 9, 2019
Sold by
Newsted Benjamin and Newsted Timothy R
Bought by
Ja Renovations Inc

Purchase Details

Listed on
Mar 5, 2018
Closed on
Mar 2, 2018
Sold by
Schmid Mark A
Bought by
Newsted Benjamin and Newsted Timothy R
Seller's Agent
Mark Blashkiw
Blueprint Properties LLC
Buyer's Agent
Mark Blashkiw
Blueprint Properties LLC
List Price
$97,000
Sold Price
$97,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.55%
Original Mortgage
$72,750
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2014
Sold by
Aces Up Properties Llc
Bought by
Schmid Mark A

Purchase Details

Listed on
Feb 4, 2013
Closed on
Mar 19, 2013
Sold by
Fannie Mae
Bought by
Aces Up Properties Llc
Seller's Agent
Anthony DeBartolo
DeBartolo Realty - I
Buyer's Agent
Mark Schmid
Independence Realty (Main)
List Price
$37,750
Sold Price
$32,500
Premium/Discount to List
-$5,250
-13.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.07%

Purchase Details

Closed on
Jan 8, 2013
Sold by
Vandyke Steve and Vandyke Mary E
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 30, 2000
Sold by
Bsrd Bsrd D D and Bsrd Bisard D
Bought by
Schmid Mark A Jr

Purchase Details

Closed on
Aug 1, 1995
Sold by
Bssrd Bssrd D D and Bssrd D
Bought by
Bieber Bieber N and Bieber M

Purchase Details

Closed on
Jan 29, 1993
Sold by
Mienko Mienko C C and Mienko Bissard D
Bought by
Schmid Mark A Jr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nethercott Michael $253,000 None Listed On Document
Kauth James $210,000 Next Door Title Agency
Fouty Nancy $138,000 None Available
Ja Renovations Inc $110,000 Grand Rapids Title Co Llc
Newsted Benjamin $97,000 Ata National Title Group Llc
Schmid Mark A -- None Available
Aces Up Properties Llc $32,000 Parks Title
Federal National Mortgage Association $61,500 None Available
Schmid Mark A Jr -- --
Bieber Bieber N $42,000 --
Schmid Mark A Jr $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nethercott Michael $240,350
Previous Owner Kauth James $157,500
Previous Owner Newsted Benjamin $72,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/23/2024 12/23/24 Sold $253,000 -2.3% --
11/27/2024 11/27/24 For Sale $259,000 0.0% --
10/30/2024 10/30/24 Pending -- -- --
10/29/2024 10/29/24 Pending -- -- --
10/24/2024 10/24/24 Price Changed $259,000 -3.7% --
10/24/2024 10/24/24 For Sale $269,000 +28.1% --
03/07/2023 03/07/23 Sold $210,000 -2.3% -- View Prior Sale
02/02/2023 02/02/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $214,900 +55.7% --
01/17/2020 01/17/20 Sold $138,000 -10.9% -- View Prior Sale
12/10/2019 12/10/19 Pending -- -- --
10/14/2019 10/14/19 For Sale $154,900 +59.7% --
03/05/2018 03/05/18 For Sale $97,000 0.0% --
03/02/2018 03/02/18 Sold $97,000 +198.5% -- View Prior Sale
03/02/2018 03/02/18 Pending -- -- --
03/19/2013 03/19/13 Sold $32,500 -13.9% -- View Prior Sale
03/08/2013 03/08/13 Pending -- -- --
02/04/2013 02/04/13 For Sale $37,750 -- --
Source: MichRIC

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 $4,744 $105,800 $0 $0
2024 $47 $95,100 $0 $0
2023 $3,590 $85,900 $0 $0
2022 $3,412 $71,300 $0 $0
2021 $3,324 $63,700 $0 $0
2020 $2,880 $56,300 $0 $0
2019 $2,353 $44,100 $0 $0
2018 $1,330 $36,200 $0 $0
2017 $1,297 $26,800 $0 $0
2016 $1,304 $24,300 $0 $0
2015 $1,242 $24,300 $0 $0
2013 -- $21,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MichRIC

MLS Number: 24055932

MichRIC

APN: 41-13-23-477-009