NOT LISTED FOR SALE

961 Chatham St NW Grand Rapids, MI 49504

SWAN Neighborhood

Estimated Value: $288,000 - $327,000

4 Beds
2 Baths
-- Sq Ft
4,182 Sq Ft Lot

Last Sold October 30, 2015

Last sale price $126,000

Est. 147% increase in value since last sale

Current estimated payment $1,931/month

6 Days on Market

Highlights

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

About This Home

As of October 2015

Grand Rapids Real Estate. Embark on this exclusive opportunity to invest in a piece of property in thriving Grand Rapids, flourishing in a community of students, young professionals and growing families. In “Lakertown”, just steps from the beloved John Ball Zoo, stands this duplex property featuring 2 units. One unit holds 3 bedrooms, 1.5 baths, and the other, 2 bedrooms, 1 bath; each unit with their own large front porch. This residence’s infrastructure was updated upon previous purchase with new insulation, 12 gauge wiring and plumbing. Property also features 2 stall garage. Just steps from downtown, come take a look at your next investment!

Last Agent to Sell the Property

Kevin Yoder

Keller Williams GR East Listed on: 08/28/2015

Last Buyer's Agent

Allison Koetsier

Compass Realty Services License #6502378425

Compass Realty Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,781

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 50x84
  • Corner Lot: Yes

Parking

  • 2 Parking Spaces

Home Design

  • Wood Roof
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,781

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50x84
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Annual Property Tax: 1781.0
  • Tax Info:Zoning3: Res
  • General Property Info:Total _pound_ Units: 2
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • Roofing:Wood: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • List Price: 119750.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Wood
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Total Parking Spaces: 2.0
  • General Property Info:Total Parking Spaces: 2.0
  • Unit 1:Garage4: Yes
  • Unit 2:Garage5: Yes

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Utilities: Natural Gas Connected

Lot Info

  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 2

Tax Info

  • Tax Annual Amount: 1781.0
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2015
Closed on
Oct 30, 2015
Sold by
Kapenga Clint and Lathrop Chris
Bought by
Boenzi Frank
Seller's Agent
Kevin Yoder
Keller Williams GR East
Buyer's Agent
Allison Koetsier
Compass Realty Services
List Price
$119,750
Sold Price
$126,000
Premium/Discount to List
$6,250
5.22%
Current Estimated Value
$310,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,983
Avg. Annual Appreciation
9.40%
Original Mortgage
$123,717
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 20, 2004
Sold by
Porter Adrian
Bought by
Abn Amro Mortgage Group Inc

Purchase Details

Closed on
Mar 4, 2003
Sold by
Learned Derrick D and Learned Joanne M
Bought by
Porter Adrian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,470
Interest Rate
5.96%
Mortgage Type
FHA

Purchase Details

Closed on
May 4, 1999
Sold by
Wstrt Wstrt K K and Wstrt Learned D
Bought by
Learned Learned D and Learned J

Purchase Details

Closed on
Aug 12, 1997
Sold by
Mcechrn Mcechrn B B and Mcechrn Wstrate K
Bought by
Kapenga Wstrate K and Kapenga Clinton J Lathrop Chri

Purchase Details

Closed on
Jul 21, 1989
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
Boenzi Frank $126,000 Clearstream Title
Abn Amro Mortgage Group Inc $105,914 --
Porter Adrian $100,000 --
Learned Learned D $54,500 --
Kapenga Wstrate K $39,900 --
-- $39,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boenzi Frank $213,500
Closed Boenzi Frank $123,717
Previous Owner Kapenga Clint $11,550
Previous Owner Kapenga Clint $61,600
Previous Owner Porter Adrian $97,470
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2015 10/30/15 Sold $126,000 +5.2% --
09/03/2015 09/03/15 Pending -- -- --
08/28/2015 08/28/15 For Sale $119,750 -- --
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 $2,731 $153,800 $0 $0
2024 $2,731 $138,900 $0 $0
2023 $2,709 $125,000 $0 $0
2022 $2,575 $103,500 $0 $0
2021 $2,508 $92,100 $0 $0
2020 $1,994 $80,800 $0 $0
2019 $2,407 $63,900 $0 $0
2018 $2,407 $52,500 $0 $0
2017 $1,943 $44,100 $0 $0
2016 $1,958 $39,600 $0 $0
2015 $1,821 $39,600 $0 $0
2013 -- $34,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kevin Yoder

    Keller Williams GR East

  • A

    Buyer's Agent in 2015

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    12 in this area

    136 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 15046880

Southwestern Michigan Association of REALTORS®

APN: 41-13-26-228-025

Michigan Kent County Grand Rapids 49504 SWAN

961 Chatham St NW, Grand Rapids, MI

This home is located at 961 Chatham St NW, Grand Rapids, MI 49504 since 28 August 2015 and is currently estimated at $310,983. This property was built in 1925. 961 Chatham St NW is a home located in Kent County with nearby schools including Sibley 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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