NOT LISTED FOR SALE

139 Pearl St NW Unit 401 Grand Rapids, MI 49503

Downtown Grand Rapids Neighborhood

Estimated Value: $3,295,912

1 Bed
1 Bath
563 Sq Ft
$5,854/Sq Ft Est. Value

Highlights

  • Property is near public transit
  • No Interior Steps
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Restaurant
  • 2-minute walk to Rosa Parks Circle

About This Home

As of December 2016

139 Pearl—aka Flanagan’s—was the first member of the 616 Lofts community, and it will always have a special place in all of our hearts. These beautifully revitalized apartments feature exceptionally high, lofted ceilings and historic window casings, along with a hard-to-beat location.

Residents of 616 Lofts at Pearl enjoy having Rosa Parks Circle—a hub of activity and tasty treats—at their doorstep. Ice skating in the winter, Blues on the Mall in the summer—Pearl residents never lack for things to do.

Last Agent to Rent the Property

Michael VanderWoude

Edison Brokers & Co LLC License #6502399417 Listed on: 11/04/2016

Last Renter's Agent

Jenna Wabeke

616 Places - I

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $56,631

Year Built

  • 1890

Lot Details

  • 563 Sq Ft Lot

Parking

  • Off-Street Parking

Interior Spaces

  • 563 Sq Ft Home
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • No Interior Steps
  • Stepless Entry

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for a/c, cable/satellite, electricitiy, heat, internet access, wifi
  • The owner pays for lawn/yard care, sewer, snow removal, water

Community Details

Overview

  • Property has a Home Owners Association
  • 616 Lofts On Pearl Condos

Amenities

  • Restaurant
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$56,631

Year Built

1890

Lot Details

0

Rental Info

  • Owner Pays: Lawn/Yard Care, Sewer, Snow Removal, Water
  • Tenant Pays: A/C, Cable/Satellite, Electricitiy, Heat, Internet Access, WIFI

Listing Details

  • Property Sub-Type: Apartment
  • Property Type: Residential Lease
  • ArchitecturalStyle: Other
  • ResoPropertyType: ResidentialLease
  • Location Property Info:Property Sub-Type: Apartment
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 563.0
  • General Property Info:Design: Other
  • Heat Type:Forced Air: Yes
  • Location Property Info:Vacation Rental: No
  • Location Property Info:AptCondo Cmplx Name: 616 Lofts on Pearl
  • Air Conditioning:Central Air2: Yes
  • Access Feat Avail:Elevator3: Yes
  • Access Feat Avail:No-Step Entrance: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1890

Interior Features

  • Appliances: Electric Range, Dryer, Disposal, Dishwasher, Microwave, Refrigerator, Washer
  • Accessibility Features: Accessible Elevator Installed, Ground Floor Entrance, No Interior Steps, No-Step Entrance
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 563.0
  • Appliances Provided:Dishwasher2: Yes
  • Appliances Provided:Disposal2: Yes
  • Appliances Provided:Dryer2: Yes
  • Appliances Provided:Electric Range: Yes
  • Appliances Provided:Microwave2: Yes
  • Appliances Provided:Refrigerator2: Yes
  • Appliances Provided:Washer2: Yes
  • Access Feat Avail:No Interior Steps: Yes

Exterior Features

  • List Price: 1200.0
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Garage: No
  • Garage:Garage2: No
  • General Property Info:Parking: Off Street

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Electric
  • Heating: Yes
  • Heat Source:Electric2: Yes

Condo/Co-op/Association

  • Association Amenities: Building Elevator, Cable Hookup, Hardwood Floors, On Bus Line, Restaurant/Bar
  • Association: Yes

Association/Amenities

  • Other Amenities:On Bus Line: Yes
  • Other Amenities:Building Elevator: Yes
  • Other Amenities:Cable Hookup: Yes
  • Other Amenities:Hardwood Floors: Yes
  • Other Amenities:Laundry: Yes
  • Other Amenities:RestaurantBar2: Yes

Lot Info

  • Lot Size Acres: 0.01
  • Lot Size Area: 0.01
  • Lot Size Sq Ft: 563.0
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2021
Sold by
Elm Street Enterprises Llc
Bought by
L Cre Grand Rapids Llc
Current Estimated Value
$3,295,912

Purchase Details

Closed on
Dec 22, 2017
Sold by
Rood Sixty North Llc
Bought by
Elm St Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,895,000
Outstanding Balance
$1,608,683
Interest Rate
3.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$1,587,201
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
L Cre Grand Rapids Llc -- None Available
Elm St Enterprises Llc -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elm St Enterprises Llc $1,895,000
Previous Owner Rood Sixty North Llc $676,000
Closed L Cre Grand Rapids Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2016 12/05/16 Rented -- -- --
12/05/2016 12/05/16 Under Contract -- -- --
11/04/2016 11/04/16 For Rent $1,200 -- --
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 $56,631 $1,341,800 $0 $0
2024 $56,631 $1,340,100 $0 $0
2023 $56,174 $1,201,500 $0 $0
2022 $53,389 $1,029,600 $0 $0
2021 $2,560 $983,800 $0 $0
2020 $43,263 $983,800 $0 $0
2019 $42,941 $939,200 $0 $0
2018 $42,941 $810,600 $0 $0
2017 $38,474 $775,900 $0 $0
2016 $38,662 $775,900 $0 $0
2015 $36,837 $775,900 $0 $0
2013 -- $709,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael VanderWoude

    Landlord's Agent in 2016

    Michael VanderWoude

    Edison Brokers & Co LLC

    (616) 914-1556

    3 in this area

    48 Total Sales

    Section Image

  • J

    Tenant's Agent in 2016

    Jenna Wabeke

    616 Places - I

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 16055684

Southwestern Michigan Association of REALTORS®

APN: 41-13-25-277-030

Michigan Kent County Grand Rapids 49503 Downtown Grand Rapids

139 Pearl St NW Unit 401, Grand Rapids, MI

This home is located at 139 Pearl St NW Unit 401, Grand Rapids, MI 49503 since 04 November 2016 and is currently priced at $3,295,912. This property was built in 1890. 139 Pearl St NW Unit 401 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.
Copyright 2025 MichRIC, LLC. All rights reserved.

Nearby Homes