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1560 Wealthy Street Southeast

1560 Wealthy Street Southeast, Grand Rapids, MI 49506
Multifamily in Eastown
Sold Nov 19, 2021
$335,000
Sold Jan 28, 2021
$285,000
$198,000 by Lendinghome Funding Corp
Mortgage
1560 Wealthy Street Southeast in Grand Rapids, MI was first built in 1900 and is 124 years old. This has been categorized as a residential property type. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1560 Wealthy Street Southeast has 1,876 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 910. In total, the area measurement of the land is 3,659 square feet.

Learn more about the property and building on this page. The home has a gable style roof. As for heating, the home is utilizing a forced air unit and being fueled with gas. The property was last sold in Oct 12, 2021 for $335,000. That's $178.57 per sqft. Prior to that sales transaction, the property was also sold in Jan 21, 2021 for $285,000. 1560 Wealthy Street Southeast was last assessed in 2023. The total value of the property was assessed at $119,300. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $5,012. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Wood Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 938
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,659
  • Lot Size Depth Feet: 910
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,876
  • Building Area: 1,876
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,876
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WURZBURG S ADD
  • Land Acres: 0.084
  • Standard Land Use Code: Single family residential
  • Legal Description 1: N 91 FT OF LOT 4* WURZBURG S ADDITION

Ownership

  • Current Owner : TOLE OLVI
  • Current Owner 2: GOLEMI EDMOND
  • Previous Owner : JA RENOVATIONS INC
  • Owner Before Previous Owner: DOYLE DRAYSON
  • Owner Before Previous Owner 2: DOYLE DOROTHY
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Grand Rapids Public Schools
  • School Tax School District: GRAND RAPIDS
  • Census Tract: 002400

Zoning

  • Zoning: TN-LDR

Geography

  • District: 51
  • Parcel: 41-14-32-230-003
  • Lot: 4
  • Municipality: GRAND RAPIDS CITY
  • Latitude: 42.9553
  • Longitude: -85.6305

    Address

  • Full Address: 1560 Wealthy St Se
  • Address - House Number: 1560
  • Street Segment Direction: SE
  • Address - Street Name: Wealthy
  • Address - Suffix Type: St
  • State: MI
  • City Name: Grand Rapids
  • Carrier Code: C011
  • 4-Digit Zip Code: 2739
  • Zip Code: 49506

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,012
  • Tax Rate Code Area: 51

    Appraisal Valuation

  • Standard Deviation: 0.0926
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 91
  • Final Value: 328,444
  • High Value: 358,870
  • Low Value: 298,019

    Market Valuation

  • Market Total Value: $238,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $119,300

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Transaction ID: 11874879494
  • Current Sale Price: $335,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 126246
  • Previous Sale Recording Date: Jan 28, 2021
  • Previous Sale Contract Date: Jan 21, 2021
  • Previous Sale Amount: $285,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UIF CORPORATION
  • First Mortgage Transaction Date: Nov 19, 2021
  • First Mortgage Loan Amount: $234,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Jan 28, 2021
  • Previous Mortgage Loan Amount: $198,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About Eastown



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Frequently Asked Questions

What neighborhood is 1560 Wealthy Street Southeast located in?
The 1560 Wealthy Street Southeast is a multifamily located in the neighborhood of Eastown in Eastown, Grand Rapids.
What is the average sales price for listings in 1560 Wealthy Street Southeast?
The average sales price for units in 1560 Wealthy Street Southeast is $349,900 currently.

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