NOT LISTED FOR SALE

934 Watson St SW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $249,286 - $283,000

-- Bed
-- Bath
-- Sq Ft
4,264 Sq Ft Lot

Last Sold July 06, 2017

Last sale price $160,000

Est. 70% increase in value since last sale

Current estimated payment $1,730/month

70 Days on Market

Highlights

  • Corner Lot: Yes
  • Forced Air Heating System
  • 4-minute walk to Westown Commons Park

About This Home

As of July 2017

INVESTORS - TURN KEY PROPERTY in a great location with all improvements made and great rental history. Both units have 3 bedrooms, 1 bath. Lower unit also has washer and dryer in unit. Both units are occupied with 12 month leases. Additional storage is in lower level. See agent notes for more details.

Last Agent to Sell the Property

Laura Carr

City2Shore Real Estate Inc. License #6502392768 Listed on: 03/16/2017

Co-Listed By

Chris Carr

City2Shore Real Estate Inc. License #6501394246

Last Buyer's Agent

David Jackson

616 Places - I

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,748

Year Built

  • Built in 1890

Lot Details

  • 4,264 Sq Ft Lot
  • Lot Dimensions are 52 x 82
  • Corner Lot: Yes

Parking

  • 3 Parking Spaces

Home Design

  • Composition Roof
  • Vinyl Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Connected

Additional Features

  • Basement Fills Entire Space Under The House
  • Mineral Rights Excluded

Listing and Financial Details

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

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $714
  • Maintenance Expense $701
  • Manager Expense $2,004
  • Utility Expense $1,930
  • Operating Expense $7,120
  • Gross Income $20,040
  • Net Operating Income $12,920

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,748

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1890
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 52 x 82
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 1747.72
  • Tax Info:Zoning3: RES
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Mineral Rights:No: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 169900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4264.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Gross Income: 20040.0
  • Insurance Expense: 714.0
  • Maintenance Expense: 701.45
  • Manager Expense: 2004.0
  • Net Operating Income: 12920.0
  • Number of Units Total: 2
  • Operating Expense: 7119.68

Tax Info

  • Tax Annual Amount: 1747.72
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2025
Sold by
Coughlin Michael E
Bought by
Coughlin Patrick
Current Estimated Value
$271,572

Purchase Details

Closed on
Nov 7, 2017
Sold by
Coughlin Patrick
Bought by
Coughlin Patrick

Purchase Details

Listed on
Mar 16, 2017
Closed on
Jul 5, 2017
Sold by
Nita Homes Llc
Bought by
Coughlin Patrick
Seller's Agent
Laura Carr
City2Shore Real Estate Inc.
Buyer's Agent
David Jackson
616 Places - I
List Price
$185,900
Sold Price
$160,000
Premium/Discount to List
-$25,900
-13.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Original Mortgage
$120,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 2010
Sold by
Wolverine Property Investments Llc
Bought by
Nita Homes Llc

Purchase Details

Closed on
Jan 7, 2009
Sold by
Polonowski Sandra K
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Nov 7, 2006
Sold by
Hampshire Management Llc
Bought by
Polonowski Sandra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
9.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2003
Sold by
Wallish Joshua and Wallish Amy L
Bought by
Hampshire Management Llc

Purchase Details

Closed on
Aug 18, 2000
Sold by
Mclgn Mclgn C C and Mclgn Mclghln C
Bought by
Nita Homes Llc

Purchase Details

Closed on
Aug 26, 1992
Sold by
Rakoczy Rakoczy J J and Rakoczy Mclghlin M
Bought by
Nita Homes Llc

Purchase Details

Closed on
Aug 28, 1984
Source: Public Records

Range of Values:

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Average Value
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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
Coughlin Patrick $200,000 First American Title
Coughlin Patrick -- Sun Title Agency Of Michigan
Coughlin Patrick $160,000 None Available
Nita Homes Llc $22,000 Triunion Title Agency
Deutsche Bank National Trust Company $25,000 None Available
Polonowski Sandra K $89,900 Beltline Title Agency
Hampshire Management Llc $73,547 --
Nita Homes Llc -- --
Nita Homes Llc $30,900 --
-- $30,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coughlin Patrick $192,400
Previous Owner Coughlin Patrick $137,200
Previous Owner Coughlin Patrick $120,000
Previous Owner Coughlin Patrick Duffy $15,877
Previous Owner Nita Homes Llc $16,000
Previous Owner Polonowski Sandra K $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2017 07/06/17 Sold $160,000 -13.9% --
05/25/2017 05/25/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $185,900 -- --
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 $2,759 $139,800 $0 $0
2024 $2,759 $119,300 $0 $0
2023 $2,637 $104,500 $0 $0
2022 $2,601 $87,900 $0 $0
2021 $2,534 $78,000 $0 $0
2020 $2,450 $69,300 $0 $0
2019 $2,508 $55,700 $0 $0
2018 $2,542 $45,900 $0 $0
2017 $1,762 $37,800 $0 $0
2016 $1,771 $35,900 $0 $0
2015 $1,687 $35,900 $0 $0
2013 -- $30,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Laura Carr

    City2Shore Real Estate Inc.

    (616) 662-9664

    2 in this area

    156 Total Sales

    Laura Carr
    Section Image

  • C

    Seller Co-Listing Agent in 2017

    Chris Carr

    City2Shore Real Estate Inc.

    (616) 340-8811

    2 in this area

    135 Total Sales

    Chris Carr
    Section Image

  • D

    Buyer's Agent in 2017

    David Jackson

    616 Places - I

  • M

    Buyer Co-Listing Agent in 2017

    Michael VanderWoude

    616 Places - I

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 17010438

Southwestern Michigan Association of REALTORS®

APN: 41-13-26-434-006

Michigan Kent County Grand Rapids 49504 SWAN

934 Watson St SW, Grand Rapids, MI

This home is located at 934 Watson St SW, Grand Rapids, MI 49504 since 16 March 2017 and is currently estimated at $271,572. This property was built in 1890. 934 Watson St SW is a home located in Kent County with nearby schools including Shawmut Hills School, Westwood Middle School, and Union 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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