NOT LISTED FOR SALE

852 College Ave NE Unit 1-2 Grand Rapids, MI 49503

Estimated Value: $241,000 - $273,000

-- Bed
-- Bath
-- Sq Ft
7,000 Sq Ft Lot

Last Sold May 02, 2016

Last sale price $116,000

Est. 121% increase in value since last sale

Current estimated payment $1,661/month

6 Days on Market

Highlights

  • Corner Lot: Yes
  • Forced Air Heating System
  • High Speed Internet

About This Home

As of May 2016

Nice 2-family rental with newer maintenance fee vinyl siding and windows. Excellent rental history. Upper 2 bedroom unit recently updated with new carpet/paint. Upper rents for $700/mo. Wood floors in the lower unit. Lower is 2 bedrooms currently rented for $700/mo. Tenants pay gas, landlord pays electric (electric is not split) and water. Great tenants and immediate cash flow potential. Professionally managed by Qwest Property Management!

Last Agent to Sell the Property

Kevin Wright

Qwest Realty Consultants License #6502338611 Listed on: 03/04/2016

Last Buyer's Agent

Monte Baker

Five Star Real Estate (Grandv) License #6501237677

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,715

Year Built

  • Built in 1900

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Corner Lot: Yes

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,715

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Basement

Exterior Features

  • List Price: 125000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 4.0
  • General Property Info:Total Parking Spaces: 4.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected, Telephone Line, Public Water, Public Sewer, Cable Connected, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.16
  • Lot Size Area: 0.16
  • Lot Size Sq Ft: 7000.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1715.22
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2016
Sold by
Szymanski Edward and Szymanski Tricia
Bought by
Szymanski Rental Properties Llc
Total Days on Market
6
Current Estimated Value
$256,444

Purchase Details

Listed on
Mar 4, 2016
Closed on
May 16, 2016
Sold by
Nielsen Michael and Nielsen Kelly
Bought by
Szymanski Edward and Szymanski Tricia
Seller's Agent
Kevin Wright
Qwest Realty Consultants
Buyer's Agent
Monte Baker
Five Star Real Estate (Grandv)
List Price
$125,000
Sold Price
$116,000
Premium/Discount to List
-$9,000
-7.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$87,000
Outstanding Balance
$42,677
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$215,637

Purchase Details

Closed on
May 22, 1985

Purchase Details

Closed on
Aug 7, 1980
Bought by
Nielsen Michael Kelly
Source: Public Records

Range of Values:

Collateral Analytics

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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
Szymanski Rental Properties Llc -- None Available
Szymanski Edward $116,000 Star Title Agency Llc
-- $38,500 --
Nielsen Michael Kelly $34,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Szymanski Edward $87,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2016 05/02/16 Sold $116,000 -7.2% --
03/10/2016 03/10/16 Pending -- -- --
03/04/2016 03/04/16 For Sale $125,000 -- --
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
2024 $2,651 $107,800 $0 $0
2023 $2,630 $93,600 $0 $0
2022 $2,500 $82,200 $0 $0
2021 $2,435 $73,600 $0 $0
2020 $2,354 $66,300 $0 $0
2019 $2,410 $56,800 $0 $0
2018 $2,336 $47,000 $0 $0
2017 $2,279 $37,900 $0 $0
2016 $1,783 $34,400 $0 $0
2015 $1,698 $34,400 $0 $0
2013 -- $36,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kevin Wright

    Qwest Realty Consultants

    (616) 954-5900

    24 Total Sales

    Kevin Wright
    Section Image

  • M

    Buyer's Agent in 2016

    Monte Baker

    Five Star Real Estate (Grandv)

    41 Total Sales

    Monte Baker
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16009008

Southwestern Michigan Association of REALTORS®

APN: 41-14-19-256-001

Michigan Kent County Grand Rapids 49503

852 College Ave NE Unit 1-2, Grand Rapids, MI

This home is located at 852 College Ave NE Unit 1-2, Grand Rapids, MI 49503 since 04 March 2016 and is currently estimated at $256,444. This property was built in 1900. 852 College Ave NE Unit 1-2 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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