NOT LISTED FOR SALE

947 Hovey St SW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $359,000 - $642,337

5 Beds
2 Baths
1,430 Sq Ft
$358/Sq Ft Est. Value

Last Sold January 20, 2016

Last sale price $42,600 $30 Per Sq Ft

Est. 1,101% increase in value since last sale

Current estimated payment $3,333/month

24 Days on Market

Highlights

  • Traditional Architecture
  • Living Room
  • Dining Area
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of January 2016

KCLBA Owned. Former 2 unit. Needs work but has a great lot and loads of potential. Seller will not respond to offers until the home has been on the market for 20 days. Offers must include a written renovation plan, written statement regarding the ability of the buyer to complete the renovations, and proof of financing to complete the purchase and renovation. Buyers cannot be in arrears for property taxes with the local unit of government on any other real estate. Buyers must complete the basic requirements for the Grand Rapids Certificate of Compliance for occupancy. The intent is to ensure public health, safety and welfare of occupants. Sale is subject to seller receiving clear title.

Last Agent to Sell the Property

Randy Charboneau

Independence Realty (RSC) License #6506045903 Listed on: 11/21/2015

Last Buyer's Agent

Lindsay VanDuinen-Scully

RE/MAX Of Grand Rapids License #6501325437

RE/MAX Of Grand Rapids

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1890

Lot Details

  • 6,720 Sq Ft Lot
  • Lot Dimensions are 60x112
  • Property is zoned LDR, LDR

Parking

  • 1 Car Detached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,430 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Dining Area
  • Basement
  • Michigan Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Year Built

Built in 1890

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 2
  • Year Built: 1890
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 60x112
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1430.0
  • General Property Info:Main Level Primary: Yes
  • General Property Info:Main Level Laundry: No
  • Tax Info:Annual Property Tax: 2475.0
  • Tax Info:Zoning3: LDR
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Manufactured:Manufactured YN: No
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Water Heater:Natural Gas4: Yes
  • Substructure:Michigan Basement: Yes
  • Sale Conditions:REOBank Owned: Yes
  • General Property Info:SqFt Above Grade: 1430.0
  • General Property Info Garage YN: Yes
  • Architectural Style:Traditional: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 5
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Michigan Basement
  • LivingArea: 1430.0
  • General Property Info:Stories2: 2.0
  • Basement Rooms:Total Basement SQFT: 877.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 29900.0
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Dimensions: 60x112
  • Lot Size Sq Ft: 6720.0
  • Zoning Description: LDR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2475.0
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2015
Closed on
Jan 21, 2016
Sold by
Kent County Land Bank Authority
Bought by
Jl Equity Group Llc
Seller's Agent
Randy Charboneau
Independence Realty (RSC)
Buyer's Agent
Lindsay VanDuinen-Scully
RE/MAX Of Grand Rapids
List Price
$29,900
Sold Price
$42,600
Premium/Discount to List
$12,700
42.47%
Current Estimated Value
$511,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,846
Avg. Annual Appreciation
30.58%

Purchase Details

Closed on
Jul 16, 2015
Sold by
Kent County Treasurer
Bought by
The City Of Grand Rapids

Purchase Details

Closed on
Jul 14, 2015
Sold by
City Of Grand Rapids
Bought by
Kent County Land Bank Authority

Purchase Details

Closed on
Jul 18, 2012
Sold by
Koetsier Robert L and Koetsier Kathryn K
Bought by
Residential Fund 69 Llc

Purchase Details

Closed on
Sep 28, 2005
Sold by
Cranberry Properties Llc
Bought by
Koetsier Robert L and Koetsier Kathryn F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,250
Interest Rate
5.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 17, 2003
Sold by
Molag Terrance L
Bought by
Koetsier Robert L and Koetsier Kathryn F

Purchase Details

Closed on
Dec 4, 1995

Purchase Details

Closed on
Feb 20, 1987
Sold by
Elzinga Elzinga A A and Elzinga Bergsma R
Bought by
Residential Fund 69 Llc
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
Jl Equity Group Llc $42,600 Sun Title Agency Of Mi Llc
The City Of Grand Rapids $832,610 None Available
Kent County Land Bank Authority $832,610 None Available
Residential Fund 69 Llc $29,000 None Available
Koetsier Robert L $90,000 Fatic
Koetsier Robert L -- --
-- $22,100 --
Residential Fund 69 Llc $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jl Equity Group Llc $408,000
Closed Jl Equity Group Llc $500,000
Previous Owner Koetsier Robert $65,000
Previous Owner Koetsier Robert L $88,500
Previous Owner Koetsier Robert L $89,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2016 01/20/16 Sold $42,600 +42.5% $30 / Sq Ft
12/15/2015 12/15/15 Pending -- -- --
11/21/2015 11/21/15 For Sale $29,900 -- $21 / Sq Ft
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 $6,101 $327,400 $0 $0
2024 $6,101 $296,800 $0 $0
2023 $5,832 $266,000 $0 $0
2022 $5,752 $219,900 $0 $0
2021 $5,605 $194,500 $0 $0
2020 $5,417 $175,800 $0 $0
2019 $5,377 $138,000 $0 $0
2018 $5,377 $106,000 $0 $0
2017 $4,268 $0 $0 $0
2016 -- $31,300 $0 $0
2015 $2,061 $31,300 $0 $0
2013 -- $28,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Randy Charboneau

    Seller's Agent in 2016

    Randy Charboneau

    Independence Realty (RSC)

    (616) 262-0001

    97 Total Sales

    Randy Charboneau
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15060620

Southwestern Michigan Association of REALTORS®

APN: 41-13-26-426-017

Michigan Kent County Grand Rapids 49504 SWAN

947 Hovey St SW, Grand Rapids, MI

This home is located at 947 Hovey St SW, Grand Rapids, MI 49504 since 21 November 2015 and is currently estimated at $511,446, approximately $357 per square foot. This property was built in 1890. 947 Hovey 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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