16 Ionia Ave SW Unit 5 Grand Rapids, MI 49503
Downtown Grand Rapids Neighborhood
2
Beds
1
Bath
955
Sq Ft
$490/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 2024Remarkable 955 SF, 2 BR, 1 BTH brick residence located atop the 5th floor of iconic Tannery Row rich in history nestled in the heart of the historic Heartside District perfect as a personal residence or investment property! You'll truly enjoy the benefits of a more intimate and timeless setting with only 13 thoughtfully designed condominiums. Suite 5A is meticulously restored to reflect the charm of a bygone era with timeless elegance unlike most with soaring-skylit ceilings, rustic rich wood flooring and incredible historic brick detail throughout, oversized windows with fantastic east and north views overlooking a blend of architecture from old to new. Designed with light, space, and functionality in mind, the kitchen features custom cabinetry, hardwood floors, open serving area, and stainless appliances. Charmingly elaborative living and dining areas provide the perfect experience for casual entertaining surrounded in old world charm. Two well-proportioned bedrooms provide versatility as a 1- or 2-bedroom design with plenty of closet area, expansive ceilings, and loads of natural light and convenient bath between with quartz counters and custom tile shower. Additional amenities include an amazing rooftop with spectacular 360-degree views of the city, onsite secured parking, dedicated storage area, washer/dryer on same floor as condo. Association dues include: WIFI, water, sewer, trash, deeded secured parking, snow plowing, window washing, exterior building, common area, and systems maintenance, and additional basement storage. Relish the culture of the city with a myriad of entertainment including wonderful cafés, eateries, fine or casual dining, sporting events, concerts, fitness, festivals, and so much more just beyond your door!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,279
Year Built
- Built in 1885
HOA Fees
- $490 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
- Association Phone (616) 794-6065
- 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
110
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
Map
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $310,000 | First American Title | |
| Warranty Deed | $265,000 | First American Title | |
| Warranty Deed | $205,000 | Bell Title Agency | |
| Warranty Deed | $190,000 | None Available | |
| Corporate Deed | $145,000 | Multiple |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $251,750 | New Conventional | |
| Previous Owner | $116,000 | New Conventional |
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
| 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
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 22031350
APN: 41-13-25-440-013
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.
Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.
Nearby Homes
- 65 Monroe Center St NW Unit 400
- 56 Monroe Center St NW Unit 6
- 60 Monroe Center St NW Unit 8A
- 60 Monroe Center St NW Unit 10
- 144 Oakes St SW Unit 1905
- 144 Oakes St SW Unit 2203
- 144 Oakes St SW Unit 1903
- 144 Oakes St SW Unit 2004
- 144 Oakes St SW Unit 1901
- 144 Oakes St SW Unit 1906
- 143 Campau Cir NW Unit 1616
- 32 Campau Cir NW Unit 2703
- 33 Campau Cir NW Unit 2704
- 43 Campau Cir NW Unit 2506
- 54 Campau Cir NW
- 67 Campau Cir NW Unit 2206
- 73 Campau Cir NW Unit 2102
- 27 Library St NE Unit 301
- 27 Library St NE Unit 601
- 27 Library St NE Unit 508