3 months on rocket

1038 Lafayette Ave SE, Grand Rapids, MI, 49507

$239,000

Home List Price

$2,838*

Closing Credit

2 Full Baths
2,140 SqFt
$112/SqFt
Multi

Location

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1038 Lafayette Ave SE, Grand Rapids$239,000

Buyer Closing Credits

$2,838*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Year Built1915
HeatingNatural Gas, Forced Air
BasementYes
MLS #20240057854
Lot Size0.10 Acres
StatusActive

About 1038 Lafayette Ave SE

Huge Price reduction on this great investment opportunity! This is your opportunity to own your very own income producing duplex! Both units are 2 bed, 1 bath, with over 1000 square feet each. One unit is tenant occupied and leased for $1400 per month. The other unit is owner occupied and can easily be leases for the same or even more! There is off-street parking and a garage. Split utilities. Both furnaces and both water heaters are newer. Electrical has been redone. Spacious basement with laundry. City certified. Pictures are from prior to tenants' move in. Hurry and take a look as it won't last long!

Property Details

Property Features

Property Information:

  • Architectural Style: Duplex
  • Year Built: 1915
  • Stories: 2
  • Living Area: 2,140 SqFt

Listing Office:

  • Office Name: The Virtual Realty Group
  • Office Phone: (313) 525-7751
  • Listing Agent: Dwala Burk

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air

Other

Directions Information:

  • Directions: Right on Madison Ave SE, Left on Hall St. SE Right on Lafayette Ave. SE

Price Information

Listing Price Info

Price Summary:

  • List Price: $239,000
  • Price Per SqFt: $112/SqFt

Tax Information:

  • Annual Amount: $1,945
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Grand Rapids, MI.

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Grand Rapids, MI

City

Med. Sold Price

$309.8K

Med. Price/SqFt

$232

Avg. Days On Market

20

# of Sold Homes

301

1038 Lafayette Ave SE vs Grand Rapids

102 DAYS ON ROCKET

+82 Days

$239,000

-$70.8K Less

$112/SqFt

-$121 Less

KEY TAKEAWAY

This property is $70.8K less than the Median Sold Price and $121/SqFt less than other homes in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240057854

Listing Office:

  • Office Name: The Virtual Realty Group
  • Office Phone: (313) 525-7751
  • Listing Agent: Dwala Burk

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 29, 2020Home Sold
$157,000
Dec 06, 2017Home Sold
$131,000
Oct 23, 2012Home Sold
$27,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,945$72,300
2020$1,944$61,500
2019$1,653$51,400
2018$1,661$42,900
2017$1,583$41,400

History based on county public records data.

Payment Calculator

$1,260

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$783

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-426274
8
/10

  • Grand Rapids Child Discovery Center

  • 409 Lafayette Ave SE

  • 0.73 miles

  • Public Charter Grades KG-5

school-card-donut-426275
4
/10

  • Southwest Community Campus School

  • 801 Oakland Ave SW

  • 1.01 miles

  • Public District Grades PK-6

school-card-donut-426276
2
/10

  • Buchanan Elementary School

  • 1775 Buchanan Ave SW

  • 1.09 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,125. Residents of Grand Rapids, MI typically earn less than $35k each year. Residents typically live in single, with kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kent County›Grand Rapids›49507›1038 Lafayette Ave SE

This home is located at 1038 Lafayette Ave SE in Grand Rapids, MI and zip code 49507 in the South East Community Association neighborhood. This 2,140 square foot home, which was built in 1915, sits on a 0.10 acre lot. Features: 2 bathrooms. It has been listed on Rocket Homes since August 07, 2024 and is currently priced at $239,000.

In October 2024 more than 114 listings in Grand Rapids, MI were sold above the asking price. During the same period more than 62 listings were sold at asking price, while more than 124 were sold below. The number of homes for sale in Grand Rapids, MI increased by 8.6% between September 2024 and October 2024. The median list price of listings available in October 2024 was $309,869, while the average time on the real estate market was 20 days.

From Rocket Homes Real Estate and based on county public records data.

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