8 months on rocket

125 Griggs St SW, Grand Rapids, MI, 49507

$199,900

Home List Price

$2,374*

Closing Credit

0 Baths
Multi

Location

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125 Griggs St SW, Grand Rapids$199,900

Buyer Closing Credits

$2,374*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingConcrete
Year Built1929
HeatingGravity, Natural Gas, Space Heater(s)
BasementYes
MLS #65024015903
Lot Size0.16 Acres
StatusActive

About 125 Griggs St SW

Wow!! Cash flowing investment property for under 200k! 2 Units. Unit 1: Upper: 1 bedroom, 1 bath, current rent is $1,200 per month Unit: 2 Lower: 2 bedrooms, 1 bath current rent is under maket rate at $900 per month. Potential total rents could be well over $2,000 per month. Interiors have cove ceilings, rooms are light & spacious. Large backyard. Separate utility meters. Off street parking and driveway. Located near a major bus lines, US 131, walking distance to Dickinson Elementary School & Hope Academy of West MI, Plaster Creek family park & the Kroc Center. Pre approval or proof of funds required by seller before any showings are approved. Seller has 2 other 2 family units for sale as well. MLS 24015907, & MLS 24015981

Property Details

Property Features

Property Information:

  • Year Built: 1929

Listing Office:

  • Office Name: Five Star Real Estate (Grandv)
  • Office Phone: (616) 257-1500
  • Listing Agent: David VanDam

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Concrete

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Gravity, Natural Gas, Space Heater(s)

Other

Directions Information:

  • Directions: North off Burton on Division, west off Division on Griggs to 125 Griggs SW.

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,900

Tax Information:

  • Annual Amount: $1,468
  • 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

$310K

Med. Price/SqFt

$185

Avg. Days On Market

22

# of Sold Homes

277

125 Griggs St SW vs Grand Rapids

257 DAYS ON ROCKET

+235 Days

$199,900

-$110.1K Less

KEY TAKEAWAY

This property is $110.1K less than the Median Sold Price in Grand Rapids, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Regional Alliance of REALTORS
  • MLS Number: #65024015903

Listing Office:

  • Office Name: Five Star Real Estate (Grandv)
  • Office Phone: (616) 257-1500
  • Listing Agent: David VanDam

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: 12/18/2024, 10:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,468$56,600
2020$1,467$48,200
2019$1,388$40,500
2018$1,395$34,600
2017$1,329$33,200

History based on county public records data.

Payment Calculator

$1,065

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

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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-4491879
2
/10

  • Buchanan Elementary School

  • 1775 Buchanan Ave SW

  • 0.15 miles

  • Public District Grades PK-5

school-card-donut-4491880
4
/10

  • Burton Elementary School

  • 2133 Buchanan Ave SW

  • 0.46 miles

  • Public District Grades PK-5

school-card-donut-4491881
2
/10

  • Cesar E Chavez Elementary School

  • 1205 Grandville Ave SW

  • 0.96 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 $27,308. Most Grand Rapids, MI residents have annual incomes less than $35k. The most common type of family is single, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Michigan›Kent County›Grand Rapids›49507›125 Griggs St SW

This home is located at 125 Griggs St SW in Grand Rapids, MI and zip code 49507 in the Garfield Park neighborhood. This home, which was built in 1929, sits on a 0.16 acre lot. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $199,900.

Grand Rapids, MI housing market in November 2024 saw over 93 listings sold above listed price, more than 62 sold at listed price and over 122 sold below. The number of listings in Grand Rapids, MI decreased by 10.4% between October 2024 and November 2024. While the average time on the market in November 2024 was 22 days, the median list price was $310,027.

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

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