16 Ionia Ave SW Unit 5 Grand Rapids, MI 49503
Downtown Grand Rapids NeighborhoodEstimated Value: $290,000 - $319,000
2
Beds
1
Bath
955
Sq Ft
$551/mo
HOA Fee
Highlights
- Fitness Center
- Wood Flooring
- Skylights
- Deck
- Home Gym
- 2-minute walk to Oakes Street Park
About This Home
As of May 2024Living downtown Grand Rapids at its best! Recently updated 2-bedroom condo hits the market! Located within walking distance of Van Andel Arena and popular restaurants like HopCat, Divani, Scholar, San Chez Bistro, and the list goes on! This condo is located on the 5th floor and brings in a ton of natural light through the skylight window. You can walk up one flight of stairs to the rooftop deck! Other features include a gated parking lot for easy access to the building, updated appliances, granite countertops, and a stunning completely remodeled full bath. Need more storage? We've got you covered with storage located in the basement along with a small gym. The building was built in 1885, and there are 14 condos in the building. Pets are allowed. Make this incredible condo yours today!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,462
Year Built
- Built in 1885
Lot Details
- 9,975
HOA Fees
- $551 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Rubber Roof
Interior Spaces
- 955 Sq Ft Home
- 1-Story Property
- Skylights
- Window Treatments
- Living Room
- Dining Area
- Home Gym
- Basement Fills Entire Space Under The House
- Home Security System
- Laundry on main level
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Snack Bar or Counter
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
Outdoor Features
- Deck
Utilities
- Central Air
- Heat Pump System
- Phone Available
- Cable TV Available
Community Details
Overview
- Association fees include water, trash, snow removal, sewer
- $150 HOA Transfer Fee
- Association Phone (616) 323-1082
- Tannery Row Condos
- Tannery Row Subdivision
Recreation
- Fitness Center
Pet Policy
- Pets Allowed
Additional Features
- Community Storage Space
- Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 17, 2024
Closed on
May 10, 2024
Sold by
Chene Stephen
Bought by
Angela B Reed Trust and Reed
Seller's Agent
Scott Bradford
RE/MAX of Grand Rapids (FH)
Buyer's Agent
Tyler Johnson
Clear Realty Group
List Price
$315,000
Sold Price
$310,000
Premium/Discount to List
-$5,000
-1.59%
Total Days on Market
13
Views
35
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
-$1,625
Avg. Annual Appreciation
-0.50%
Purchase Details
Listed on
Jul 24, 2022
Closed on
Dec 2, 2022
Sold by
Hoek James Vanden and Hoek Cindy Vanden
Bought by
Chene Stephen
Seller's Agent
Arija Wilcox
Keller Williams GR North
Buyer's Agent
Abby Cribbs
RE/MAX of Grand Rapids (FH)
List Price
$304,900
Sold Price
$265,000
Premium/Discount to List
-$39,900
-13.09%
Views
17
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.51%
Original Mortgage
$251,750
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 28, 2015
Closed on
Jan 8, 2016
Sold by
Braaten Jeffrey A and Braaten Susan R
Bought by
Vanden Hoek James and Vanden Hoek Cindy
Seller's Agent
Jeffrey Northouse
Greenridge Realty (Kentwood)
Buyer's Agent
Michael Basinski
Icon Realty Group LLC
List Price
$214,900
Sold Price
$205,000
Premium/Discount to List
-$9,900
-4.61%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Purchase Details
Listed on
Oct 27, 2014
Closed on
Nov 21, 2014
Sold by
Penzien Christopher L
Bought by
Braaten Jeffrey M and Braaten Susan R
Seller's Agent
Cathy Sherman Bittrick
RE/MAX SunQuest Realty
Buyer's Agent
Jeff Northouse
42 North Realty Group
List Price
$194,900
Sold Price
$190,000
Premium/Discount to List
-$4,900
-2.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.96%
Purchase Details
Closed on
Jul 15, 2010
Sold by
Macroe Properties Inc
Bought by
Penzien Christopher L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
4.74%
Mortgage Type
New Conventional
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
Similar Homes in Grand Rapids, MI
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Angela B Reed Trust | $310,000 | First American Title | |
| Chene Stephen | $265,000 | First American Title | |
| Vanden Hoek James | $205,000 | Bell Title Agency | |
| Braaten Jeffrey M | $190,000 | None Available | |
| Penzien Christopher L | $145,000 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Chene Stephen | $251,750 | |
| Previous Owner | Penzien Christopher L | $116,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/10/2024 05/10/24 | Sold | $310,000 | -1.6% | $325 / Sq Ft |
| 04/30/2024 04/30/24 | Pending | -- | -- | -- |
| 04/17/2024 04/17/24 | For Sale | $315,000 | +18.9% | $330 / Sq Ft |
| 12/02/2022 12/02/22 | Sold | $265,000 | -5.3% | $277 / Sq Ft |
| 11/11/2022 11/11/22 | Pending | -- | -- | -- |
| 11/03/2022 11/03/22 | Price Changed | $279,900 | -3.4% | $293 / Sq Ft |
| 10/11/2022 10/11/22 | Price Changed | $289,900 | -1.7% | $304 / Sq Ft |
| 10/04/2022 10/04/22 | Price Changed | $294,900 | -1.7% | $309 / Sq Ft |
| 10/04/2022 10/04/22 | Price Changed | $299,900 | +1.7% | $314 / Sq Ft |
| 09/16/2022 09/16/22 | Price Changed | $294,900 | -1.7% | $309 / Sq Ft |
| 08/18/2022 08/18/22 | Price Changed | $299,900 | -1.6% | $314 / Sq Ft |
| 07/24/2022 07/24/22 | For Sale | $304,900 | +22.4% | $319 / Sq Ft |
| 02/09/2022 02/09/22 | Sold | $249,000 | 0.0% | $343 / Sq Ft |
| 01/26/2022 01/26/22 | Pending | -- | -- | -- |
| 01/25/2022 01/25/22 | For Sale | $249,000 | +21.5% | $343 / Sq Ft |
| 01/08/2016 01/08/16 | Sold | $205,000 | -4.6% | $215 / Sq Ft |
| 12/21/2015 12/21/15 | Pending | -- | -- | -- |
| 10/28/2015 10/28/15 | For Sale | $214,900 | +13.1% | $225 / Sq Ft |
| 11/21/2014 11/21/14 | Sold | $190,000 | -2.5% | $199 / Sq Ft |
| 11/11/2014 11/11/14 | Pending | -- | -- | -- |
| 10/27/2014 10/27/14 | For Sale | $194,900 | -- | $204 / 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 | $7,386 | $148,200 | $0 | $0 |
| 2023 | $7,060 | $141,000 | $0 | $0 |
| 2022 | $5,418 | $122,800 | $0 | $0 |
| 2021 | $5,279 | $124,300 | $0 | $0 |
| 2020 | $5,102 | $122,400 | $0 | $0 |
| 2019 | $5,224 | $118,500 | $0 | $0 |
| 2018 | $5,064 | $95,600 | $0 | $0 |
| 2017 | $5,044 | $91,800 | $0 | $0 |
| 2016 | $3,046 | $86,000 | $0 | $0 |
| 2015 | $2,833 | $86,000 | $0 | $0 |
| 2013 | -- | $77,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Bradford
Seller's Agent in 2024
Scott Bradford
RE/MAX Michigan
(616) 551-9735
2 in this area
184 Total Sales
-
Josh May
Seller Co-Listing Agent in 2024
Josh May
RE/MAX Michigan
(616) 318-0924
3 in this area
324 Total Sales
-
Tyler Johnson
T
Buyer's Agent in 2024
Tyler Johnson
Clear Realty Group
(616) 799-2903
1 in this area
83 Total Sales
-
Arija Wilcox
A
Seller's Agent in 2022
Arija Wilcox
Keller Williams GR North
(616) 293-9261
2 in this area
199 Total Sales
-
Kyle Visser
Seller's Agent in 2022
Kyle Visser
Reside Grand Rapids
(616) 419-9637
4 in this area
527 Total Sales
-
Abby Cribbs
A
Buyer's Agent in 2022
Abby Cribbs
RE/MAX Michigan
(231) 313-4420
4 in this area
98 Total Sales
Map
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 24018201
APN: 41-13-25-440-013
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