NOT LISTED FOR SALE

908 Lake Dr SE Grand Rapids, MI 49506

East Hills Neighborhood

Estimated Value: $276,000 - $341,000

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

Last Sold October 03, 2012

Last sale price $53,500

Est. 473% increase in value since last sale

Current estimated payment $1,747/month

62 Days on Market

About This Home

As of October 2012

Great Investment opportunity close to downtown. Live in one unit and lease the other. Click Homepath.com to check for Special offers and for more details or ask me. Seller will not consider non owner occupant offers until 15 days from MLs date. Property is sold as is and buyer is responsible for all inspections including well and septic where applicable. All information represented herein is approximated and independent verification by buyer is required - information is not guaranteed. It is suggested that all offers include proof of funds, or pre-qual letter. INCLUDE YOUR E-MAIL, E-MAIL OFFERS ONLY. Potential buyers should independently verify all information on listing card for accuracy, Agent for owner. Verify if offer is owner occupant or investor. This property is approved for Homepa

Last Agent to Sell the Property

Tom Dann

Value Point Real Estate License #6502327633 Listed on: 07/13/2012

Co-Listed By

Ken Cleypool

Value Point Real Estate

Last Buyer's Agent

Jeff Boyd

Jaqua, REALTORS License #6501319234

Jaqua, REALTORS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,565

Year Built

  • Built in 1900

Lot Details

  • 4,356

Parking

  • 2 Parking Spaces

Home Design

  • Aluminum Siding

Additional Features

  • 4,356 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, water, trash collection, sewer, gas

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,565

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction Materials: Aluminum Siding
  • List Price: 53500.0
  • Number of Buildings: 1
  • Road Surface Type: Paved

Garage/Parking

  • Total Parking Spaces: 2.0

Utilities

  • Heating: Forced Air
  • Heating: Yes

Lot Info

  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356.0
  • Zoning Description: RES

Rental Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2012
Closed on
Oct 3, 2012
Sold by
Fannie Mae
Bought by
Simons Adam
Seller's Agent
Tom Dann
Value Point Real Estate
Buyer's Agent
Jeff Boyd
Jaqua, REALTORS
List Price
$53,500
Sold Price
$53,500
Current Estimated Value
$306,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,825
Avg. Annual Appreciation
14.30%

Purchase Details

Closed on
Jun 7, 2012
Sold by
Bank Of America Na
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
May 16, 2012
Sold by
Flowers Justin
Bought by
Bank Of Na and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Apr 13, 2007
Sold by
Narrow Gate Ii Llc
Bought by
Flowers Justin

Purchase Details

Closed on
Sep 10, 2004
Sold by
Narrow Gate Investors Llc
Bought by
Narrow Gate Ii Llc

Purchase Details

Closed on
Apr 30, 2003
Sold by
Vision Properties Llc
Bought by
Narrow Gate Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$522,450
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 29, 2002
Sold by
Reimbold Richard and Reimbold Rita
Bought by
Herrema Dan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 1986
Sold by
Brandr Brandr A A and Brandr Reimbold R
Bought by
Simons Adam

Purchase Details

Closed on
Jul 20, 1984

Purchase Details

Closed on
Jul 12, 1984
Sold by
Rsmssn Rsmssn R R and Rsmssn B
Bought by
Simons Adam

Purchase Details

Closed on
Oct 21, 1983

Purchase Details

Closed on
Apr 12, 1983
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
Simons Adam $53,500 Attorneys Title Agency Llc
Fannie Mae -- None Available
Bank Of Na $71,318 None Available
Flowers Justin $90,000 Metropolitan Title Company
Narrow Gate Ii Llc -- --
Narrow Gate Investors Llc $581,000 --
Herrema Dan $65,000 --
Simons Adam $26,000 --
-- $29,900 --
Simons Adam $29,900 --
-- $12,500 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Narrow Gate Investors Llc $522,450
Previous Owner Herrema Dan $380,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2012 10/03/12 Sold $53,500 0.0% --
09/13/2012 09/13/12 Pending -- -- --
07/13/2012 07/13/12 For Sale $53,500 -- --
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 $1,565 $144,400 $0 $0
2024 $1,565 $126,700 $0 $0
2023 $1,499 $104,500 $0 $0
2022 $1,508 $91,700 $0 $0
2021 $1,474 $87,900 $0 $0
2020 $1,409 $81,200 $0 $0
2019 $1,476 $75,300 $0 $0
2018 $1,425 $66,400 $0 $0
2017 $1,765 $48,200 $0 $0
2016 $2,143 $46,600 $0 $0
2015 $2,042 $46,600 $0 $0
2013 -- $38,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Tom Dann

    Value Point Real Estate

    (616) 363-6678

    39 Total Sales

    Tom Dann
    Section Image

  • K

    Seller Co-Listing Agent in 2012

    Ken Cleypool

    Value Point Real Estate

    (616) 299-2987

    55 Total Sales

    Ken Cleypool
    Section Image
  • Jeff Boyd

    Buyer's Agent in 2012

    Jeff Boyd

    Jaqua, REALTORS

    (269) 629-5612

    58 Total Sales

    Jeff Boyd
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 12038900

Southwestern Michigan Association of REALTORS®

APN: 41-14-29-311-005

Michigan Kent County Grand Rapids 49506 East Hills

908 Lake Dr SE, Grand Rapids, MI

This home is located at 908 Lake Dr SE, Grand Rapids, MI 49506 since 13 July 2012 and is currently estimated at $306,325. This property was built in 1900. 908 Lake Dr SE is a home located in Kent County with nearby schools including Congress Elementary, Alger Middle School, and Ottawa Hills 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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