NOT LISTED FOR SALE

958 68th St SE Grand Rapids, MI 49508

Estimated Value: $319,000 - $378,171

4 Beds
2 Baths
-- Sq Ft
0.89 Acres

Last Sold January 06, 2014

Last sale price $142,900

Est. 146% increase in value since last sale

Current estimated payment $2,134/month

48 Days on Market

Highlights

  • 0.89 Acre Lot
  • Explorer Elementary School Rated A-
  • Hot Water Heating System

About This Home

As of January 2014

Rarely does an investment property come on the market in an area where it is surrounded by single family homes. Here is a duplex where the owner lived in it for a few years and since has continued to take immaculate care of it. 2 long term tenants that take care of their apartments, have their slider to a deck, garage stall, storage in the garage fow bikes, etc. and their own laundry. Windows, shingles, siding, garage doors and much more are new or newer. You could almost live on one side rent free! See it soon as it won't last long!

Last Agent to Sell the Property

Dan Otten

Five Star Real Estate (M6) License #6502120467 Listed on: 10/04/2013

Five Star Real Estate (M6)

Last Buyer's Agent

Tom Zandee

Five Star Real Estate (M6) License #6501257930

Five Star Real Estate (M6)

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,414

Year Built

  • Built in 1969

Lot Details

  • 0.89

Parking

  • 6 Parking Spaces

Home Design

  • Composition Roof

Additional Features

  • Crawl Space
  • 0.89 Acre Lot
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, gas

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $850
  • Operating Expense $2,946
  • Gross Income $18,000
  • Net Operating Income $15,054

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,414

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1969
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • List Price: 149900.0
  • Lot Features: Wooded
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Topography: {"Level":true}

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Heating: Hot Water
  • Heating: Yes
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.89
  • Lot Size Area: 0.89
  • Lot Size Sq Ft: 38768.0

Rental Info

  • Owner Pays: Water, Gas
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 18000.0
  • Insurance Expense: 850.0
  • Net Operating Income: 15054.0
  • Number of Units Total: 3
  • Operating Expense: 2946.0

Tax Info

  • Tax Annual Amount: 2414.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2015
Sold by
Vanravenswaay Timothy R and Vanravenswaay Laurie L
Bought by
Vanravenswaay Timothy R and Vanravenswaay Laurie L
Current Estimated Value
$351,543

Purchase Details

Closed on
Nov 7, 2014
Sold by
Vanravenswaay Timothy R and Vanravenswaay Laurie
Bought by
Vanravenswaay Timothy R and Vanravenswaay Laurie

Purchase Details

Closed on
Nov 4, 2014
Sold by
Vanravenswaay Timothy R and Vanravenswaay Laurie
Bought by
Druart Ken

Purchase Details

Listed on
Oct 4, 2013
Closed on
Jan 3, 2014
Sold by
Shepard Danielle and Shepard Robert A
Bought by
Vanravenswaay Timothy R
Seller's Agent
Dan Otten
Five Star Real Estate (M6)
Buyer's Agent
Tom Zandee
Five Star Real Estate (M6)
List Price
$149,900
Sold Price
$142,900
Premium/Discount to List
-$7,000
-4.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.10%
Original Mortgage
$107,175
Interest Rate
4.31%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Vanravenswaay Timothy R -- None Available
Vanravenswaay Timothy R -- None Available
Druart Ken $2,500 None Available
Vanravenswaay Timothy R $142,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanravenswaay Timothy R $107,175
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2014 01/06/14 Sold $142,900 -4.7% --
11/21/2013 11/21/13 Pending -- -- --
10/04/2013 10/04/13 For Sale $149,900 -- --
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 $3,242 $112,700 $0 $0
2024 $1,919 $97,700 $0 $0
2022 $1,919 $83,400 $0 $0
2021 $1,919 $81,300 $0 $0
2020 $1,899 $79,300 $0 $0
2019 $2,823 $78,000 $0 $0
2018 $2,823 $72,400 $17,500 $54,900
2017 $0 $67,500 $0 $0
2016 $0 $59,200 $0 $0
2015 -- $59,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Dan Otten

    Five Star Real Estate (M6)

    (616) 257-9500

    2 in this area

    86 Total Sales

    Dan Otten
    Section Image

  • T

    Buyer's Agent in 2014

    Tom Zandee

    Five Star Real Estate (M6)

    (616) 915-8160

    5 in this area

    243 Total Sales

    Tom Zandee
    Section Image

  • T

    Buyer's Agent in 2014

    Thomas Zandee

    Greenridge Realty (Kentwood)

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 13058442

Southwestern Michigan Association of REALTORS®

APN: 41-22-08-103-022

Michigan Kent County Grand Rapids 49508

958 68th St SE, Grand Rapids, MI

This home is located at 958 68th St SE, Grand Rapids, MI 49508 since 04 October 2013 and is currently estimated at $351,543. This property was built in 1969. 958 68th St SE is a home located in Kent County with nearby schools including Explorer Elementary School, Pinewood Middle School, and East Kentwood 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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