[Sale Pending] Centrally Located Historic Tudor $179,900

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This wonderful Tudor-style Craftsman at 656 Lake Drive SE marks the entrance of Historic Fitch Place and Windsor Terrace, abutting Heritage Hill. This well-built grand three-story home features site-cut white oak flooring and trim throughout. The main living area has been opened up a bit to create a nice flow from kitchen to dining room to living room for entertaining guests. The luxurious double-sized second floor bedroom used to be two rooms. The third bedroom nestled into the third floor surrounded by a bonus workshop is also quite large and comfortable. Two off-street parking spots and a small garage are a rarity and a special advantage. The current owners will find the tight-knit neighborhood feel and the famed annual Halloween street party tough to leave behind.

 

[Sold] 333 Washington SE, Heritage Hill 4 Unit

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We were able to procure this home for an investor, and Life Cycle Property Management will be in charge of prepping it and leasing it out. Check here for this and other listings for lease!

Life Cycle Property Management provides investment consulting and cash flow analysis services through Pete at Grand River Realty, and full service project management through Kory at Emerald Advantage. We keep our managed properties healthy, clean and aesthetically pleasing for landlords, tenants and the community around them.

Grand Rapids MI: #1 City in the US to Buy Real Estate in 2016

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Forbes Magazine has been keeping the Grand Rapids, MI graphic in their “Frequently Used” cache over the past few years. The latest list may be the best one yet.

If you’d like to invest in Grand Rapids Michigan, please contact me. I can offer guidance on purchases, and Life Cycle Property Management can manage the property in a sustainable and affordable way that also contributes to the wellness of our beloved town.

Click the graphic to read the full story:

Grand Rapids: "Best City to Invest in Housing in 2016"

Grand Rapids: “Best City to Invest in Housing in 2016”

The 10 Least Expensive Homes Sold in 2015 in Kent County

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least-ex

 

In response to Mlive’s Ten Most Expensive Homes in 2015 Sold in Kent County, which was called “Disgusting Wealth Porn” among other things in the comments section, we’ve come to the table with a list of the Ten Least Expensive Homes Sold in Kent County last year. Consider this the fair and balanced sequel for the rest of us.

(1) $7,000 – 1510 Houseman Avenue NE
This 3 Bedroom 1504 square foot home features a rare layout that actually sits inside a 1 Bedroom 545 square foot home. Unsurprisingly sold in less than 1 day on the market.

1510-houseman

Full Article Here

Grand Rapids: Trulia’s Top Market to Watch in 2016

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Grand Rapids, MI topped the December 2015 list from Ralph McLaughlin of Trulia.com (owned by Zillow). On December 9, 2015, Trulia released the list of “10 Hot Real Estate Markets to Watch in 2016.”

trulia

According to the study, “Each city was examined for affordability and strong job growth, plus other factors including vacancy rates, to determine which areas are contenders for growth in the year ahead.”

Full Article Here at Trulia.com, which includes the full list of top 10 markets.

 

West Side Home Prices: Blowing Up, or Recovering?

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Here’s an opinion piece I wrote that was published in the rapidian, in response to the article Just Out of Reach: Housing Prices Climb on Grand Rapids’ West Side

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FULL ARTICLE HERE

Excerpts:

Everyone agrees, 2015 was a crazy year for Real Estate in West Michigan. Why, to what extent, and how that affects our market are questions that are less processed and understood. Here, I’ll share some analysis and interpretation, to add perspective and to assist with drawing some conclusions. I’ll start broad and finish by examining the elusive “West Side” of Grand Rapids.

2006 Sales

2006 Sales

2006
Number of Sales: 83
Average Time on Market: 72 days
Average Sale Price: $92,468
Median Sale Price: $92,900
Low/High: $35,000 – $155,000

2014 Sales

2014 Sales

2014
Number of Sales: 83
Average Time on Market: 35 days
Average Sale Price: $80,876
Median Sale Price: $81,000
Low/High: $13,500 – $233,600

2015 Sales

2015 Sales

2015
Number of Sales: 82 (As of 12/14/15)
Average Time on Market: 36 days
Average Sale Price: $91,873
Median Sale Price: $84,950
Low/High: $19,000 – $325,000

[Sold: $155,000] Just Listed – Fairmount Square Historic District – 321 Diamond, just listed for $147,000.

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Full Listing Here

This beautifully renovated Fairmount Square Historic District home is located in one of the most exciting local districts for both housing and entertainment. Character abounds with original woodwork and beautifully refinished floors, but the real story is the gorgeously redone kitchen outfitted with Ikea soft touch doors and drawers but faced with custom-made cabinet faces. Main floor laundry, plumbing, insulation and electrical is all modern, something you’d only see on this block in a $260,000 condo of the same size. Walk to some of the hottest restaurants and nightlife in town, and just a coast to downtown Grand Rapids. Everything is in excellent shape, come see this unique, maintenance free and affordable home today!

elpelrekit

[Sold: $129,900] Just listed – 1435 Colorado: Beautiful All-Brick Dutch Colonial, $127,000

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Full Listing Here

Grand Rapids Real Estate. This charming Dutch Colonial all brick home sits conveniently near Ottawa Hills but comes without the price tag. You’ll immediately notice the gorgeous freshly refinished hardwood floors and freshly painted main floor. The kitchen was renovated with care, complete with a center island, updated appliances, and a nice powder room for guests. Charm and character abound in this home, from the screened in porch that overlooks a fully fenced back yard, newly refinished hardwood floors upstairs, to a comfortably carpeted master bedroom. This home comes with the convenience of a large 2-stall garage, and an additional finished recreation room in the basement. Schedule your showing today!

elpekitelr

Grand Rapids ranked 11th on Forbes’ “Best Buy Cities: Where to Invest In Housing In 2014”

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Full Story Here at Forbes.com

Forbes recently ranked US cities based on current market prices as compared to what Local Market Monitor deemed an “Equilibrium Price:”

best-buy-cities

“choices were ranked primarily on four factors: population, home prices, and the local jobs economy. Each of our Best Buy Cities have high population and job growth, relatively low home prices, and are still considered under-valued…

“The key to coming up with this list is a proprietary measure that Local Market Monitor dubs the “Equilibrium Home Price.” Basically, it tracks what the average price for a market should be, if speculation, weird distortions in local income, and other factors (like the housing collapse) weren’t present in the market. The measure presumes that prices will eventually return to this level. When homes are far under the equilibrium price, investors are getting a good buy and can expect to make a good return. The other important consideration for investors is, of course, a healthy local economy. After all, there is zero point in purchasing a home in a market where the population is fleeing. That’s why Best Buy Cities are places where opportunities are growing.