$105,000
SOLD APR 23, 2021

931 Alexander St SE Unit 933 Grand Rapids, MI 49507

South East End Neighborhood
-- Bed
-- Bath
-- Sq Ft
4,454 Sq Ft Lot

Recently Sold

12% Below List Price

177 Days on Market

About This Home

As of July 2022

Investment property on Grand Rapids southeast side. Currently BOTH sides are rented. Pretty much BOTH sides are identical with 2 bedrooms, 1 bath, Living room, dining room and a full bath. There is hardwood floors in all areas but not in the bathroom(s) and kitchen(s). There is a full basement(separate furnaces and electric) and a detached 2 stall garage to go with the property. Tenants pay their own utilities. There are front and rear entrances for both units. At this price point it should go rather quickly. Bring your investor(s) so as to add this property to their portfolio.

Last Agent to Sell the Property

Robert Brown

Bellabay Realty LLC License #6502377287 Listed on: 03/31/2020

Bellabay Realty LLC

Last Buyer's Agent

Joshua Williams

Bellabay Realty LLC License #6501417137

Bellabay Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,926

Year Built

  • Built in 1924

Lot Details

  • 4,454 Sq Ft Lot

Parking

  • 2 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Gravity Heating System
  • Natural Gas Connected
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, trash collection, gas
  • The owner pays for water, sewer

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $350
  • Gross Income $9,900

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,926

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 120000.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Gravity
  • Heating: Yes
  • Utilities: Natural Gas Connected, Cable Connected, Public Water, Public Sewer

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4454.0
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 9900.0
  • Insurance Expense: 350.0
  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1926.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2022
Closed on
Jul 19, 2022
Sold by
Jw Remodeling Llc
Bought by
Benes Group Holdings Llc
Seller's Agent
Joshua Williams
Bellabay Realty LLC
Buyer's Agent
Steven Buck
Greenridge Realty (Cascade)
List Price
$269,900
Sold Price
$264,900
Premium/Discount to List
-$5,000
-1.85%
Current Estimated Value
$273,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,639
Avg. Annual Appreciation
0.14%

Purchase Details

Listed on
Mar 31, 2020
Closed on
Apr 28, 2021
Sold by
Imperial Valley Properties Llc
Bought by
Jw Remodeling Llc
Seller's Agent
Robert Brown
Bellabay Realty LLC
Buyer's Agent
Joshua Williams
Bellabay Realty LLC
List Price
$120,000
Sold Price
$105,000
Premium/Discount to List
-$15,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
110.91%
Original Mortgage
$94,500
Interest Rate
3.1%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 14, 2018
Sold by
Akaazua Denis
Bought by
Imperial Valley Properties Llc

Purchase Details

Closed on
Mar 6, 2006
Sold by
Akaazua Denis
Bought by
Akaazua Denis and Muemue Akaazua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
7.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2000
Bought by
Akaazua D

Purchase Details

Closed on
Feb 10, 1999
Bought by
Garcia C

Purchase Details

Closed on
Feb 20, 1997
Sold by
Post Post T T and Post M
Bought by
Orange D

Purchase Details

Closed on
Jan 10, 1997
Sold by
Post Post T T and Post M
Bought by
Orange D

Purchase Details

Closed on
Dec 27, 1996
Bought by
Orange D
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $264,900 None Listed On Document
Warranty Deed $105,000 Lighthouse Title Inc
Sheriffs Deed $79,000 None Available
Interfamily Deed Transfer -- Sun Title Agency Llc
Warranty Deed $78,000 --
Warranty Deed $43,500 --
Warranty Deed $25,000 --
Deed $30,000 --
Deed $25,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $94,500 Construction
Previous Owner $108,750 Commercial
Previous Owner $87,750 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2022 07/19/22 Sold $264,900 -1.9% --
05/26/2022 05/26/22 Pending -- -- --
05/19/2022 05/19/22 For Sale $269,900 +157.0% --
04/23/2021 04/23/21 Sold $105,000 -12.5% --
09/24/2020 09/24/20 Pending -- -- --
03/31/2020 03/31/20 For Sale $120,000 -- --
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
2025 $5,170 $122,800 $0 $0
2024 $5,170 $113,800 $0 $0
2023 $4,942 $98,700 $0 $0
2022 $4,555 $74,500 $0 $0
2021 $1,571 $67,400 $0 $0
2020 $1,518 $57,700 $0 $0
2019 $2,140 $49,200 $0 $0
2018 $1,910 $41,100 $0 $0
2017 $1,788 $34,600 $0 $0
2016 $2,383 $30,600 $0 $0
2015 $2,152 $30,600 $0 $0
2013 -- $30,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joshua Williams

    Bellabay Realty LLC

    (616) 871-9200

    11 in this area

    140 Total Sales

    Section Image

  • S

    Buyer's Agent in 2022

    Steven Buck

    Greenridge Realty (Cascade)

    (616) 288-3244

    3 in this area

    38 Total Sales

    Section Image
  • Robert Brown

    Seller's Agent in 2021

    Robert Brown

    Bellabay Realty LLC

    (616) 871-1309

    6 in this area

    72 Total Sales

    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 18057468

Southwestern Michigan Association of REALTORS®

APN: 41-14-32-309-023

Michigan Kent County Grand Rapids 49507 South East End

931 Alexander St SE Unit 933, Grand Rapids, MI

This home is located at 931 Alexander St SE Unit 933, Grand Rapids, MI 49507 and is currently priced at $105,000. This property was built in 1924. 931 Alexander St SE Unit 933 is a home located in Kent County with nearby schools including Campus Elementary School, 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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