NOT LISTED FOR SALE

Estimated Value: $221,758 - $238,000

-- Bed
-- Bath
-- Sq Ft
5,576 Sq Ft Lot

Last Sold February 10, 2021

Last sale price $151,000

Est. 52% increase in value since last sale

Current estimated payment $1,637/month

12 Days on Market

About This Home

As of February 2021

Great investment opportunity in the City of Grand Rapids!! Duplex features a 3 bedroom with 1 bathroom, and a 1 bedroom with a full bathroom. The rental income generated is $1600 per month with the tenants responsible for their gas and electric. Lower unit recently leased for a year and the upper unit is month to month. Upper unit is the 3 bedroom and it will need some cosmetic love. The property is certified with the City of Grand Rapids through 2026.

Call today for a showing

Last Listed By

Jason Johnston

Compass Realty Services License #6502408828 Listed on: 01/03/2021

Compass Realty Services

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,629

Year Built

  • Built in 1910

Lot Details

  • 5,576

Parking

  • 1 Parking Space

Additional Features

  • 5,576 Sq Ft Lot
  • Forced Air Heating System

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

$1,629

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: 154999.0
  • Number of Buildings: 1

Garage/Parking

  • Total Parking Spaces: 1.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Public Sewer

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5576.0
  • Zoning Description: RMSE2_RES 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: 1629.12
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 17, 2023
Sold by
Venema Andrew P
Bought by
Venema Property Group Llc
Total Days on Market
12
Current Estimated Value
$229,440

Purchase Details

Listed on
Jan 3, 2021
Closed on
Feb 10, 2021
Sold by
Large John
Bought by
Venema Andrew P
Seller's Agent
Jason Johnston
Compass Realty Services
Buyer's Agent
Clay Snider
Compass Realty Services
List Price
$154,999
Sold Price
$151,000
Premium/Discount to List
-$3,999
-2.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.78%
Original Mortgage
$113,250
Interest Rate
2.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2000
Bought by
Large Large J and Large John

Purchase Details

Closed on
Mar 30, 1998
Sold by
Hlwrd Rntl and Hlwrd Rnt
Bought by
Hlwrd Rnt and Large John

Purchase Details

Closed on
Oct 25, 1995
Sold by
Holwerda Holwerda and Holwerda Rn
Bought by
Large John Iii

Purchase Details

Closed on
Jun 8, 1990
Sold by
Lk Osceola Bk and Lk Holwer
Bought by
Large John Iii

Purchase Details

Closed on
Feb 12, 1990
Sold by
Lk-Osceol Tyson J and Lk-Osceol Bk
Bought by
Large John Iii

Purchase Details

Closed on
May 7, 1986
Bought by
Large John Iii

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
Venema Property Group Llc -- --
Venema Andrew P $151,000 None Available
Large Large J $47,000 --
Hlwrd Rnt -- --
Large John Iii -- --
Large John Iii $7,500 --
Large John Iii -- --
Large John Iii $12,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Venema Andrew P $113,250
Previous Owner Large John $75,000
Previous Owner Large John $60,000
Previous Owner Large John $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2021 02/10/21 Sold $151,000 -2.6% --
01/15/2021 01/15/21 Pending -- -- --
01/03/2021 01/03/21 For Sale $154,999 -- --
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 $4,378 $108,800 $0 $0
2023 $4,343 $96,000 $0 $0
2022 $4,128 $79,600 $0 $0
2021 $1,622 $71,500 $0 $0
2020 $1,568 $60,500 $0 $0
2019 $1,605 $49,700 $0 $0
2018 $1,556 $41,000 $0 $0
2017 $1,518 $34,400 $0 $0
2016 $1,525 $30,500 $0 $0
2015 $1,453 $30,500 $0 $0
2013 -- $31,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 20051275

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-154-015