16 Ionia Ave SW Unit 3 Grand Rapids, MI 49503
Downtown Grand Rapids NeighborhoodEstimated Value: $296,000 - $413,000
2
Beds
1
Bath
946
Sq Ft
$542/mo
HOA Fee
Highlights
- Fitness Center
- Contemporary Architecture
- Main Floor Bedroom
- Deck
- Wood Flooring
- Home Gym
About This Home
As of May 2024A rare opportunity to own a fabulous Tannery Row condominium nestled in the historic Heartside District in downtown Grand Rapids. Centrally located on Ionia Street just steps to countless restaurants, shops, Van Andel Arena, the Grand Rapids Art Museum, & Rosa Parks Circle. The inviting condo boasts tall ceilings with exposed brick walls and beautifully restored hardwood floors. Living room with an abundance of natural light overlooking the city to the east. Charming kitchen with snack bar, granite counters, and stainless-steel appliances. Two spacious bedrooms plus a full bath. The rooftop deck overlooking downtown Grand Rapids is the perfect place to watch the sunset in the evening. Dedicated secured parking space in gated lot. Fitness facility & gated storage available. Washer & Dryer on the same floor as the unit. This space is perfect as a full-time residence or an investment property. Enjoy sporting events, concerts, festivals, and so much more just steps from your new home!
Last Agent to Sell the Property
Patriot Realty License #6506046050 Listed on: 02/29/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,683
Year Built
- Built in 1885
Lot Details
- 9,975
HOA Fees
- $542 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 946 Sq Ft Home
- 1-Story Property
- Window Treatments
- Living Room
- Home Gym
- Wood Flooring
- Basement Fills Entire Space Under The House
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Snack Bar or Counter
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Laundry in Hall
- Laundry on main level
Accessible Home Design
- Accessible Bedroom
- Halls are 42 inches wide
- Accessible Entrance
- Stepless Entry
Outdoor Features
- Deck
Utilities
- Central Air
- Heating System Uses Natural Gas
- Heat Pump System
- Hot Water Heating System
- Natural Gas Water Heater
- High Speed Internet
- Cable TV Available
Community Details
Overview
- Association fees include water, trash, snow removal, sewer, lawn/yard care, heat
- $1,085 HOA Transfer Fee
- Association Phone (616) 323-1082
- Tannery Row Condos
Amenities
- Laundry Facilities
- Community Storage Space
Recreation
- Fitness Center
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 29, 2024
Closed on
May 28, 2024
Sold by
Vanderlaan Ronald
Bought by
Janssens Derek
Seller's Agent
Kate Bylsma
Patriot Realty
Buyer's Agent
Laura Featherston
Greenridge Realty (Summit)
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Total Days on Market
64
Views
84
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,567
Avg. Annual Appreciation
11.07%
Original Mortgage
$225,000
Outstanding Balance
$215,753
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$117,814
Purchase Details
Listed on
Sep 14, 2021
Closed on
Dec 4, 2021
Sold by
Segard Zachary
Bought by
Vanderlaan Ronald
Seller's Agent
Christopher Billmeier
The Billmeier Group
Buyer's Agent
Jason Pohlonski
Keller Williams GR East
List Price
$325,000
Sold Price
$308,000
Premium/Discount to List
-$17,000
-5.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.06%
Original Mortgage
$277,200
Interest Rate
2.15%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 1, 2019
Sold by
Kondratek Michael
Bought by
Segard Zachary
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,800
Interest Rate
4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 29, 2016
Sold by
Payne William J
Bought by
Kondratek Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 27, 2013
Sold by
Vaneerden Doug
Bought by
Payne William J
Purchase Details
Closed on
Aug 6, 2010
Sold by
Karger Jeff
Bought by
Vaneerden Doug
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,050
Interest Rate
4.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 18, 2005
Sold by
Mills Ted
Bought by
Karger Jeff
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
5.82%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Sep 20, 1999
Sold by
Macroe P
Bought by
Payne Strand D and Payne William J
Similar Homes in Grand Rapids, MI
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Janssens Derek | $300,000 | Sun Title | |
| Vanderlaan Ronald | $308,000 | None Listed On Document | |
| Vanderlaan Ronald | $308,000 | None Listed On Document | |
| Segard Zachary | $261,000 | Lighthouse Ttl Agcy West Sho | |
| Kondratek Michael | $250,000 | Chicago Title Of Michigan In | |
| The William J Payne Trust | -- | Attorney | |
| Payne William J | $184,830 | Chicago Title | |
| Vaneerden Doug | $164,500 | Trans | |
| Karger Jeff | $162,500 | -- | |
| Payne Strand D | $150,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Janssens Derek | $225,000 | |
| Previous Owner | Vanderlaan Ronald | $277,200 | |
| Previous Owner | Segard Zachary | $208,800 | |
| Previous Owner | Kondratek Michael | $225,000 | |
| Previous Owner | Vaneerden Doug | $148,050 | |
| Previous Owner | Karger Jeff | $162,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2024 05/29/24 | Sold | $300,000 | -4.8% | $317 / Sq Ft |
| 05/03/2024 05/03/24 | Pending | -- | -- | -- |
| 04/14/2024 04/14/24 | Price Changed | $315,000 | -3.1% | $333 / Sq Ft |
| 02/29/2024 02/29/24 | For Sale | $325,000 | +5.5% | $344 / Sq Ft |
| 12/06/2021 12/06/21 | Sold | $308,000 | -5.2% | $327 / Sq Ft |
| 11/04/2021 11/04/21 | Pending | -- | -- | -- |
| 09/14/2021 09/14/21 | For Sale | $325,000 | +31.6% | $345 / Sq Ft |
| 05/23/2018 05/23/18 | Sold | $247,000 | -5.0% | $262 / Sq Ft |
| 04/06/2018 04/06/18 | Pending | -- | -- | -- |
| 03/30/2018 03/30/18 | For Sale | $259,900 | +4.0% | $276 / Sq Ft |
| 05/22/2017 05/22/17 | Sold | $250,000 | 0.0% | $265 / Sq Ft |
| 04/05/2017 04/05/17 | Pending | -- | -- | -- |
| 03/23/2017 03/23/17 | For Sale | $250,000 | -- | $265 / Sq Ft |
Source: Southwestern Michigan Association of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $4,226 | $145,900 | $0 | $0 |
| 2023 | $6,367 | $138,800 | $0 | $0 |
| 2022 | $6,269 | $120,900 | $0 | $0 |
| 2021 | $4,152 | $122,300 | $0 | $0 |
| 2020 | $3,969 | $120,400 | $0 | $0 |
| 2019 | $3,390 | $116,700 | $0 | $0 |
| 2018 | $3,274 | $94,100 | $0 | $0 |
| 2017 | $2,759 | $90,300 | $0 | $0 |
| 2016 | $2,793 | $84,700 | $0 | $0 |
| 2015 | $2,597 | $84,700 | $0 | $0 |
| 2013 | -- | $75,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kate Bylsma
Seller's Agent in 2024
Kate Bylsma
Patriot Realty
(616) 822-7843
8 in this area
161 Total Sales
-
Laura Featherston
Buyer's Agent in 2024
Laura Featherston
Greenridge Realty (Summit)
(616) 974-6330
1 in this area
150 Total Sales
-
Christopher Billmeier
C
Seller's Agent in 2021
Christopher Billmeier
The Billmeier Group
(616) 350-2998
25 in this area
62 Total Sales
-
Jason Pohlonski
Buyer's Agent in 2021
Jason Pohlonski
Keller Williams GR East
(616) 916-9770
1 in this area
113 Total Sales
-
Bradley Veneklase
Seller's Agent in 2018
Bradley Veneklase
Urban Soil Realty
(616) 437-1065
7 in this area
109 Total Sales
-
Seller's Agent in 2017
Elly Beal
Greenridge Realty (Cascade)
(616) 633-1072
46 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 24009762
APN: 41-13-25-440-007
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