J
Seller's Agent in 2018
Jim King
Greenridge Realty (Summit)
(616) 284-1529
43 Total Sales
918 Watson St SW Grand Rapids, MI 49504
SWAN NeighborhoodEstimated Value: $232,879 - $276,000
--
Bed
--
Bath
--
Sq Ft
6,534
Sq Ft Lot
Highlights
- Forced Air Heating System
- Level Lot
- 4-minute walk to Westown Commons Park
- 4 Car Garage
About This Home
As of May 2018If you are looking for a 3 unit multi-family investment property, then look no further. Fully rented, this property is perfect for college students as it is close to downtown and the GVSU campus. Being one bedroom units, these rent easily and have historically had low vacancy rates. It currently carries a city certification that is good until 2023. It also boasts vinyl siding, newer water heater, as well as new pavement on part of the driveway and walkways. All units have been updated slightly each turn. Gross rents are $1,923 per month ($23,076 per year). Landlord covers water and lawn care, as well as gas for unit #2, which includes the water heater for all three units.
Last Agent to Sell the Property
Greenridge Realty (Summit) License #6506045991 Listed on: 03/01/2018
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,554
Year Built
- Built in 1920
Lot Details
- 6,534 Sq Ft Lot
- Level Lot
Parking
- 4 Car Garage
Home Design
- Composition Roof
- Vinyl Siding
Basement
- Michigan Basement
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
- Phone Connected
- Cable TV Available
Community Details
- 3 Units
Listing and Financial Details
- Tenant pays for trash collection, gas
- The owner pays for water, sewer, gas
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 17, 2012
Closed on
Dec 13, 2012
Sold by
Cole Management Group Llc
Bought by
Frantz Jonathan E
Buyer's Agent
Todd Roesler
Greenridge Realty (Summit)
List Price
$67,000
Sold Price
$55,500
Premium/Discount to List
-$11,500
-17.16%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,720
Avg. Annual Appreciation
12.86%
Original Mortgage
$47,362
Interest Rate
3.38%
Mortgage Type
FHA
Purchase Details
Closed on
Feb 20, 2008
Sold by
Cole Kent and Cole Amy
Bought by
Cole Management Group Llc
Purchase Details
Closed on
Oct 25, 2007
Sold by
Freeman Brett and Freeman Sabrina
Bought by
Cole Kent and Cole Amy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,500
Interest Rate
6.45%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 13, 2006
Sold by
Vanportfliet Theresa
Bought by
Freeman Brett
Purchase Details
Closed on
Nov 13, 2006
Sold by
Kudlack Richard L and Kudlack Nadine
Bought by
Freeman Brett
Purchase Details
Closed on
Oct 16, 2006
Sold by
Bohatch Jaroslaw and Bohatch Olga
Bought by
Kudlack Richard L and Kudlack Nadine
Purchase Details
Closed on
Feb 7, 1992
Sold by
Vanportfliet Mark E
Bought by
Vanportfliet Theresa and Frantz Jonathan E
Purchase Details
Closed on
Feb 5, 1992
Sold by
Vanportfliet Mark E Theresa
Bought by
Smitter Scott S Lewis Timothy S and Frantz Jonathan E
Purchase Details
Closed on
May 29, 1990
Sold by
Lewis Timothy
Bought by
Freeman Brett and Frantz Jonathan E
Purchase Details
Closed on
Aug 27, 1987
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Frantz Jonathan E | $55,500 | Chicago Title | |
| Cole Management Group Llc | -- | None Available | |
| Cole Kent | $70,000 | Chicago Title | |
| Freeman Brett | -- | None Available | |
| Freeman Brett | -- | None Available | |
| Kudlack Richard L | -- | None Available | |
| Vanportfliet Theresa | -- | -- | |
| Smitter Scott S Lewis Timothy S | $26,100 | -- | |
| Freeman Brett | -- | -- | |
| -- | $32,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Frantz Jonathan | $0 | |
| Open | Frantz Jonathan E | $74,900 | |
| Closed | Frantz Jonathan E | $47,362 | |
| Previous Owner | Cole Kent | $52,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/22/2018 05/22/18 | Sold | $160,000 | -10.1% | -- |
| 04/05/2018 04/05/18 | Pending | -- | -- | -- |
| 03/01/2018 03/01/18 | For Sale | $178,000 | +220.7% | -- |
| 12/13/2012 12/13/12 | Sold | $55,500 | -17.2% | -- |
| 10/24/2012 10/24/12 | Pending | -- | -- | -- |
| 07/17/2012 07/17/12 | For Sale | $67,000 | -- | -- |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 | $2,783 | $107,700 | $0 | $0 |
| 2024 | $2,783 | $98,000 | $0 | $0 |
| 2023 | $2,760 | $83,100 | $0 | $0 |
| 2022 | $2,623 | $68,300 | $0 | $0 |
| 2021 | $2,556 | $59,900 | $0 | $0 |
| 2020 | $2,470 | $54,400 | $0 | $0 |
| 2019 | $3,014 | $47,400 | $0 | $0 |
| 2018 | $1,593 | $36,700 | $0 | $0 |
| 2017 | $1,554 | $29,200 | $0 | $0 |
| 2016 | $1,387 | $30,200 | $0 | $0 |
| 2015 | $1,332 | $30,200 | $0 | $0 |
| 2013 | -- | $28,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jim King
-
Nicole Zenker
N
Buyer's Agent in 2018
Nicole Zenker
Clarity Realty LLC
(517) 667-1038
1 in this area
16 Total Sales
-
T
Buyer's Agent in 2012
Todd Roesler
Greenridge Realty (Summit)
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 18007272
APN: 41-13-26-435-002
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