NOT LISTED FOR SALE

120 Prospect Ave NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $491,000 - $519,000

-- Bed
-- Bath
-- Sq Ft
0.27 Acres

Last Sold July 09, 2024

Last sale price $485,000

Est. 4% increase in value since last sale

Current estimated payment $3,250/month

Highlights

  • 1 Fireplace
  • Forced Air Heating System
  • Laundry Facilities

About This Home

As of July 2024

Prime address in Heritage Hill. All brick two story colonial with 4 large rental units. Easy walking to downtown and to Corewell Health. Property has been in same family for many years and is currently rented. Large parking area in rear of house.

Last Agent to Sell the Property

Jerry Phillips

Windpoint Realty LLC Listed on: 06/05/2024

Last Buyer's Agent

Jerry Phillips

Windpoint Realty LLC Listed on: 06/05/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,415

Year Built

  • Built in 1922

Lot Details

  • 0.27 Acre Lot

Parking

  • 5 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for trash collection, electricity, water, sewer, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,415

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1922
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: N 60 FT OF LOT 6 BLK 6*
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 5415.0
  • Tax Info:Zoning3: no
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 4
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Substructure:Full: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Laundry Features Common Area: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 560000.0
  • Number of Buildings: 1
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Total Parking Spaces: 5.0
  • General Property Info:Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Phone Available, Water Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer

Lot Info

  • Lot Size Acres: 0.27
  • Lot Size Area: 0.27
  • Lot Dimensions: N 60 FT OF LOT 6 BLK 6*
  • Lot Size Sq Ft: 11761.0
  • Zoning Description: no
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
  • Tenant Pays: None

Multi Family

  • Number of Units Total: 4

Tax Info

  • Tax Annual Amount: 5415.0
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2024
Closed on
Jul 26, 2024
Sold by
John P Devries Trust
Bought by
Devries Family Properties Llc
Seller's Agent
Jerry Phillips
Windpoint Realty LLC
Buyer's Agent
Jerry Phillips
Windpoint Realty LLC
List Price
$560,000
Sold Price
$485,000
Premium/Discount to List
-$75,000
-13.39%
Current Estimated Value
$505,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,483
Avg. Annual Appreciation
4.32%
Original Mortgage
$320,000
Outstanding Balance
$300,970
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$207,364

Purchase Details

Closed on
Feb 13, 1995
Sold by
Devries Devries and Devries Ts
Bought by
Devries John P Trust

Purchase Details

Closed on
Sep 8, 1988
Sold by
Kinsy Kinsy J J and Kinsy E
Bought by
Devries John P Trust
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Devries Family Properties Llc -- Sun Title
Devries John P Trust -- --
Devries John P Trust $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devries Family Properties Llc $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2024 07/09/24 Sold $485,000 -13.4% --
06/05/2024 06/05/24 Pending -- -- --
06/05/2024 06/05/24 For Sale $560,000 -- --
Source: Southwestern Michigan Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,957 $217,800 $0 $0
2024 $5,957 $199,800 $0 $0
2023 $5,694 $171,700 $0 $0
2022 $5,616 $154,800 $0 $0
2021 $5,472 $169,300 $0 $0
2020 $5,289 $149,500 $0 $0
2019 $5,415 $164,200 $0 $0
2018 $5,250 $163,500 $0 $0
2017 $5,121 $134,600 $0 $0
2016 $5,146 $115,700 $0 $0
2015 $4,903 $115,700 $0 $0
2013 -- $107,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jerry Phillips

    Seller's Agent in 2024

    Jerry Phillips

    Windpoint Realty LLC

    (616) 334-1516

    5 in this area

    19 Total Sales

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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24028146

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-181-012

Michigan Kent County Grand Rapids 49503 Heritage Hill

120 Prospect Ave NE, Grand Rapids, MI

This home is located at 120 Prospect Ave NE, Grand Rapids, MI 49503 since 05 June 2024 and is currently estimated at $505,483. This property was built in 1922. 120 Prospect Ave NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, Alger Middle School, and Ottawa Hills High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Southwestern Michigan Association of REALTORS® Information is deemed reliable but not guaranteed.
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