NOT LISTED FOR SALE

863 Franklin St SE Grand Rapids, MI 49507

Baxter Neighborhood

Estimated Value: $214,000 - $237,000

-- Bed
-- Bath
-- Sq Ft
4,704 Sq Ft Lot

Last Sold November 17, 2017

Last sale price $67,500

Est. 235% increase in value since last sale

Current estimated payment $1,456/month

27 Days on Market

About This Home

As of November 2017

Duplex on the SE side of Grand Rapids. Split utilities. Newer roof, vinyl siding, vinyl windows, and updated electrical. Needs some cosmetics. Both units are 2 bed/1 bath with projected rents of 600 and 650. City Certified through 7/31/2020.

Last Listed By

Allison Koetsier

Compass Realty Services License #6502378425 Listed on: 09/16/2017

Compass Realty Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,373

Year Built

  • Built in 1910

Lot Details

  • 4,704

Home Design

  • Composition Roof
  • Vinyl Siding

Parking

  • 2 Parking Spaces
  • Unpaved Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Shared Gas Meter
  • Cable TV Available

Additional Features

  • Basement Fills Entire Space Under The House
  • 4,704 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,373

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 74900.0
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No

Garage/Parking

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

Utilities

  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Cable Connected

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4704.0
  • Zoning Description: N/A
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1373.42
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2017
Closed on
Nov 21, 2017
Sold by
Harding Uri
Bought by
Berkel Behram
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Thomas Sprich
Keller Williams GR East
List Price
$79,900
Sold Price
$67,500
Premium/Discount to List
-$12,400
-15.52%
Total Days on Market
27
Current Estimated Value
$226,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,769
Avg. Annual Appreciation
17.52%

Purchase Details

Listed on
Sep 16, 2017
Closed on
Nov 15, 2017
Sold by
Harding Uri
Bought by
Berkel Behram
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Thomas Sprich
Keller Williams GR East
List Price
$79,900
Sold Price
$67,500
Premium/Discount to List
-$12,400
-15.52%

Purchase Details

Closed on
May 14, 2010
Sold by
Fannie Mae
Bought by
Hardinga Uri

Purchase Details

Closed on
Jul 8, 2009
Sold by
Talbert Jody A and Talbert Cindy L
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 28, 2003
Sold by
Vanfarowe Brian and Vanfarowe Rajini
Bought by
Talbert Jody A and Talbert Cindy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 26, 1998
Sold by
Littles Littles L L and Littles L
Bought by
Littles Littles L and Littles L

Purchase Details

Closed on
May 15, 1996
Bought by
Harding Littles L and Harding Uri

Purchase Details

Closed on
May 23, 1995
Bought by
Harding Equivest and Harding Uri

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
Berkel Behram -- None Available
Berkel Behram -- None Available
Federal National Mortgage Association $73,780 None Available
Talbert Jody A $67,000 Fatic
Littles Littles L -- --
Harding Littles L -- --
Harding Equivest -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Talbert Jody A $16,000
Previous Owner Talbert Jody A $72,000
Previous Owner Talbert Jody A $69,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2017 11/17/17 Sold $67,500 -15.5% --
10/13/2017 10/13/17 Pending -- -- --
09/16/2017 09/16/17 For Sale $79,900 -- --
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
2024 $2,429 $94,000 $0 $0
2023 $2,051 $82,900 $0 $0
2022 $2,023 $68,800 $0 $0
2021 $1,971 $61,800 $0 $0
2020 $1,905 $52,300 $0 $0
2019 $1,891 $43,000 $0 $0
2018 $1,891 $35,700 $0 $0
2017 $1,367 $30,000 $0 $0
2016 $1,373 $26,600 $0 $0
2015 $1,309 $26,600 $0 $0
2013 -- $24,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    3 in this area

    139 Total Sales

    Allison Koetsier
    Section Image

  • T

    Seller Co-Listing Agent in 2017

    Thomas Koetsier

    Kay Courtney & Associates

  • Thomas Sprich

    Buyer's Agent in 2017

    Thomas Sprich

    Keller Williams GR East

    (616) 485-0952

    59 Total Sales

    Thomas Sprich
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17047180

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-154-033

Michigan Kent County Grand Rapids 49506 Baxter

863 Franklin St SE, Grand Rapids, MI

Homes for Sale in Grand Rapids, MI

This home is located at 863 Franklin St SE, Grand Rapids, MI 49507 since 16 September 2017 and is currently estimated at $226,269. This property was built in 1910. 863 Franklin St SE is a home located in Kent County with nearby schools including Martin Luther King Leadership Academy, 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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