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427 Prince Street Southeast

427 Prince Street Southeast, Grand Rapids, MI 49507
Property in Madison Area
Sold Jan 05, 2018
$92,000
$89,240 by Ark-la-tex Finance Services Ll
Mortgage Due Jan 01, 2048
Sold May 03, 2016
$15,067
Local assessors in Grand Rapids, MI have categorized 427 Prince Street Southeast as a residential type of property. The home was built in 1915 and is 109 years old. The property's lot size has been calculated to be 5,968 square feet. The linear feet between the front and back of the lot was measured at 1,190 ft and the front of the lot was measured at 500 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 427 Prince Street Southeast has a total of 1,489 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 1,000 sqft. There are 4 available parking spaces so it's a great situation for those with more than one car. The building has a gable style roof. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 427 Prince Street Southeast sold most recently in Dec 27, 2017 for a total of $92,000. If you work out the math, that's approximately a cost of $61.79 per sqft. Before that, the property was also sold for $15,067 in Apr 27, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,077 in taxes each year. 427 Prince Street Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $81,500. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Roof Shape Type: Gable
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 853
  • Garage Type: Detached
  • Garage Square Area: 1,000
  • Parking Space Count: 4

    Dimensions

  • Lot Size Square Feet: 5,968
  • Lot Size Depth Feet: 1,190
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,489
  • Building Area: 1,489
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,489
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FRALICK S ADD
  • Land Acres: 0.137
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 2003 EXPIRING 12/30/2021.

Ownership

  • Current Owner : ROMERO RACHEL
  • Previous Owner : ICCF NON PROFIT HOUSING CORPORARTION
  • Owner Before Previous Owner: KENT COUNTY LAND BANK AUTHORITY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Grand Rapids Public Schools
  • School Tax School District: GRAND RAPIDS
  • Census Tract: 003100

Zoning

  • Zoning: TN-LDR

Geography

  • District: 51
  • Parcel: 41-14-31-403-023
  • Block: 2
  • Lot: 20
  • Municipality: GRAND RAPIDS CITY
  • Latitude: 42.947
  • Longitude: -85.6579

    Address

  • Full Address: 427 Prince St Se
  • Address - House Number: 427
  • Street Segment Direction: SE
  • Address - Street Name: Prince
  • Address - Suffix Type: St
  • State: MI
  • City Name: Grand Rapids
  • Carrier Code: C097
  • 4-Digit Zip Code: 1268
  • Zip Code: 49507

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,077
  • Tax Rate Code Area: 51

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 75
  • Final Value: 196,617
  • High Value: 232,745
  • Low Value: 160,489

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $90,240
  • First Open Lien Mortgage Lender: ARK-LA-TEX FINANCE SERVICES LL
  • First Open Lien Mortgage Recording Date: Jan 05, 2018
  • First Open Lien Mortgage Loan Amount: $89,240
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2048
  • Second Open Lien Mortgage Lender: CITY OF GRAND RAPIDS
  • Second Open Lien Mortgage Recording Date: Feb 08, 2018
  • Second Open Lien Mortgage Loan Amount: $1,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $163,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $81,500

    Sales

  • Current Sale Contract Date: Dec 27, 2017
  • Current Sale Recording Date: Jan 05, 2018
  • Current Sale Transaction ID: 11358238502
  • Current Sale Price: $92,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20180105-0001845
  • Previous Sale Recording Date: May 03, 2016
  • Previous Sale Contract Date: Apr 27, 2016
  • Previous Sale Amount: $15,067
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARK-LA-TEX FINANCE SERVICES LL
  • First Mortgage Transaction Date: Jan 05, 2018
  • First Mortgage Loan Amount: $89,240
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2048

About Madison Area



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Nearby Rentals

Unit for rent at 338 Brown Street Se, Grand Rapids, MI, 49507

$725 /mo

  • 1 Bed
  • 1 Bath
  • 575 ft²
338 Brown Street Se, Grand Rapids, MI, 49507 Listing by Denise Sherwood

Frequently Asked Questions

What neighborhood is 427 Prince Street Southeast located in?
The 427 Prince Street Southeast is a located in the neighborhood of Madison Area in Madison Area, Grand Rapids.
What is the average sales price for listings in 427 Prince Street Southeast?
The average sales price for units in 427 Prince Street Southeast is $0 currently.

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