$600,000
$50K PRICE DROP

Estimated payment $3,786/month

Total Views 29,170
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Laundry Facilities
  • Corner Lot: Yes
  • Baseboard Heating
  • 1-minute walk to Cherry Park

About This Home

This home is located at 125 Eastern Ave SE, Grand Rapids, MI 49503 and is currently priced at $600,000. This property was built in 1878. 125 Eastern Ave SE is a home located in Kent County with nearby schools including Congress Elementary, Alger Middle School, and Ottawa Hills High School.

Listing Agent

Mike Smallegan

Keller Williams GR North (Downtown) License #6506048009 Listed on: 11/21/2024

Keller Williams GR North (Downtown)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,400

Year Built

  • Built in 1878

Lot Details

  • 4,443 Sq Ft Lot
  • Lot Dimensions are 54 x 82
  • Corner Lot: Yes

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace

Basement

  • Michigan Basement
  • Laundry in Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Individual Gas Meter
  • Separate Water Meter
  • Shared Water Meter
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities
  • Gross Income $59,400

Listing and Financial Details

  • The owner pays for water, sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,400

Year Built

Built in 1878

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1878
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 54 x 82
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Zoning3: Residential
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Lot Description:Corner Lot: Yes
  • Substructure:Michigan Basement: Yes
  • Heat Type:Baseboard: Yes
  • Extras:Laundry Facility: Yes
  • Extras:Sep Gas Meter: Yes
  • Extras:Sep Water Meter: Yes
  • Laundry Features In Basement: Yes
  • Laundry Features Common Area: Yes
  • Util Avail at Street Electricity Available: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Util Avail at Street Natural Gas Available: Yes
  • Util Avail at Street Cable Available: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes
  • Laundry Features:In Unit: Yes

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 600000.0
  • Lot Features: Sidewalk, Corner Lot
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Baseboard, Forced Air
  • Heating: Yes
  • Laundry Features: Common Area, In Basement, In Unit
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
  • Heat Source:Electric2: Yes

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Dimensions: 54 x 82
  • Lot Size Sq Ft: 4443.0
  • Zoning Description: Residential

Rental Info

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

Multi Family

  • Gross Income: 59400.0
  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 7399.65
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $7,119 $216,700 $0 $0
2024 $7,119 $175,200 $0 $0
2023 $6,805 $166,100 $0 $0
2022 $6,712 $169,700 $0 $0
2021 $7,053 $125,300 $0 $0
2020 $5,030 $119,700 $0 $0
2019 $5,150 $108,000 $0 $0
2018 $4,993 $96,800 $0 $0
2017 $4,569 $73,400 $0 $0
2016 $3,394 $58,000 $0 $0
2015 $2,965 $58,000 $0 $0
2013 -- $48,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Price Changed $600,000 -4.0% --
03/11/2025 03/11/25 Price Changed $624,900 -3.8% --
11/21/2024 11/21/24 For Sale $649,900 +12.1% --
12/31/2020 12/31/20 Sold $580,000 -3.3% --
12/12/2020 12/12/20 Pending -- -- --
12/09/2020 12/09/20 For Sale $599,900 +195.5% --
11/18/2016 11/18/16 Sold $203,000 +1.5% --
10/26/2016 10/26/16 Pending -- -- --
10/24/2016 10/24/16 For Sale $200,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $580,000 Grand Rapids Title
Warranty Deed $203,000 Chicago Title Of Michigan
Warranty Deed -- Sun Title Agency Of Mi Llc
Quit Claim Deed -- Sun Title Agency Of Mi Llc
Quit Claim Deed -- Ppr Title Agency
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Deed $54,000 None Available
Warranty Deed -- None Available
Trustee Deed $196,070 None Available
Quit Claim Deed -- --
Warranty Deed $190,000 --
Quit Claim Deed -- --
Warranty Deed $126,000 --
Warranty Deed $25,000 --
Quit Claim Deed -- --
Deed -- --
Deed $47,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $385,000 New Conventional
Previous Owner $281,250 Future Advance Clause Open End Mortgage
Previous Owner $188,510 FHA
Source: Public Records

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24059658

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-433-014