NOT LISTED FOR SALE

Estimated Value: $254,000 - $281,000

4 Beds
2 Baths
-- Sq Ft
5,358 Sq Ft Lot

Last Sold November 17, 2022

Last sale price $220,000

Est. 20% increase in value since last sale

Current estimated payment $1,776/month

5 Days on Market

Highlights

  • Forced Air Heating System
  • High Speed Internet
  • 3-minute walk to Joe Taylor Park

About This Home

As of November 2022

Great investment opportunity with great cash flow on this 2 unit investment property in downtown Grand Rapids! Both units are occupied with long term tenants. Electric and gas are split for both units and off street parking available. Property is city certified through 6/15/2026. Showings will be held during open house only. Buyer to verify all information. Open house to be held Thursday, 9/29, from 4pm-6pm. No showings prior.

Last Agent to Sell the Property

Gabrielle Kik

United Realty Services LLC License #6501433049 Listed on: 09/26/2022

Last Buyer's Agent

Olvi Tole

Fathom Realty MI LLC License #6501443472

Fathom Realty MI LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,916

Year Built

  • Built in 1900

Lot Details

  • 5,358

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Michigan Basement
  • 5,358 Sq Ft Lot

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

$1,916

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: Michigan Basement

Exterior Features

  • List Price: 229900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5358.0
  • Zoning Description: multi
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1916.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2022
Closed on
Nov 17, 2022
Sold by
Grb Properties Llc
Bought by
Epperla Bharath Kumar
Seller's Agent
Gabrielle Kik
United Realty Services LLC
Buyer's Agent
Olvi Tole
Fathom Realty MI LLC
List Price
$229,900
Sold Price
$220,000
Premium/Discount to List
-$9,900
-4.31%
Views
1
Current Estimated Value
$263,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,416
Avg. Annual Appreciation
6.72%
Original Mortgage
$216,015
Outstanding Balance
$209,748
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$53,668

Purchase Details

Closed on
Mar 7, 2017
Sold by
Duprey Property Majnagement Llc
Bought by
Grb 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
$41,951
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 10, 2014
Sold by
Duprey Jeremy
Bought by
Duprey Property 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
$42,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 2013
Sold by
Fannie Mae
Bought by
Duprey Jeremy

Purchase Details

Closed on
May 1, 2013
Sold by
Anderson Larry and Andesonn Gladys
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Feb 19, 2013
Sold by
Onewest Bank Fsb
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Feb 13, 2013
Sold by
Anderson Larry and Anderson Gladys
Bought by
Onewest Bank Fsb

Purchase Details

Closed on
Apr 20, 2005
Sold by
Anderson Larry and Nelson Sharon
Bought by
Anderson Larry and Anderson Gladys

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
8.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 13, 1997
Sold by
Grttr Ts and Grttr Anderson L
Bought by
Anderson L and Duprey Property Management Llc

Purchase Details

Closed on
Jan 6, 1997
Sold by
Gritter Butcher and Gritter Ts
Bought by
Gritter Ts and Duprey Property Management Llc

Purchase Details

Closed on
Sep 1, 1996
Sold by
Gritter Ts and Gritter Butcher C
Bought by
Butcher C and Duprey Property Management Llc

Purchase Details

Closed on
Aug 28, 1996
Sold by
Gritter Swidwa P and Gritter Ts
Bought by
Gritter Ts and Duprey Property Management Llc

Purchase Details

Closed on
Nov 1, 1995
Sold by
Gritter Gritter M M and Gritter Swidwa P
Bought by
Swidwa P and Duprey Property Management Llc

Purchase Details

Closed on
Oct 16, 1995
Sold by
Enter A and Enter F
Bought by
Gritter M and Duprey Property Management Llc

Purchase Details

Closed on
Jun 29, 1995
Sold by
Gritter Grttr and Gritter Ts
Bought by
Duprey Property Management Llc

Purchase Details

Closed on
Feb 13, 1995
Sold by
Gritter Gritter M M and Gritter A
Bought by
A and Duprey Property Management Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Epperla Bharath Kumar $220,000 Bell Title
Grb Properties Llc -- Sun Title Agency Of Michigan
Duprey Property Management Llc -- None Available
Duprey Jeremy $25,000 None Available
Fannie Mae -- None Available
Fannie Mae -- None Available
Onewest Bank Fsb $67,131 None Available
Anderson Larry -- --
Anderson L $8,000 --
Gritter Ts -- --
Butcher C -- --
Gritter Ts -- --
Swidwa P -- --
Gritter M -- --
Duprey Property Management Llc -- --
A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Epperla Bharath Kumar $216,015
Previous Owner Grb Properties Llc $41,951
Previous Owner Duphrey Jeremy $42,000
Previous Owner Anderson Larry $65,800
Previous Owner Anderson Larry $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Sold $220,000 -4.3% --
10/01/2022 10/01/22 Pending -- -- --
09/26/2022 09/26/22 For Sale $229,900 -- --
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 $4,091 $98,900 $0 $0
2024 $4,091 $88,800 $0 $0
2023 $3,984 $78,100 $0 $0
2022 $1,927 $65,000 $0 $0
2021 $1,877 $58,500 $0 $0
2020 $1,815 $49,500 $0 $0
2019 $1,881 $40,600 $0 $0
2018 $1,881 $34,000 $0 $0
2017 $1,361 $28,700 $0 $0
2016 $1,368 $25,500 $0 $0
2015 $1,304 $25,500 $0 $0
2013 -- $28,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 22041369

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-105-012