16 Ionia Ave SW Unit 5 Grand Rapids, MI 49503
Downtown Grand Rapids Neighborhood
1
Bed
1
Bath
727
Sq Ft
$370/mo
HOA Fee
Highlights
- Fitness Center
- Home Gym
- Accessible Entrance
- Traditional Architecture
- Snack Bar or Counter
- 2-minute walk to Oakes Street Park
About This Home
As of May 2024Welcome to Tannery Row! This stylish, modern, one bedroom condo in the heart of downtown Grand Rapids lends itself to working from home, entertaining or simply as a private city retreat. Unit 5B is an upper floor unit featuring hardwoods, exposed brickwork, 10ft ceilings and oversized windows that cast beams of bright light into the immaculately maintained open space. The kitchen features a snack bar, SS appliances, concrete countertops, subway tile backsplash & industrial lighting. The bedroom offers ample closet space and custom built-ins. Additional perks include one deeded parking space in the adjacent gated lot, rooftop deck, fitness center, laundry on each floor & gated storage. Enjoy convenient living in the heart of downtown with restaurants, bars & shops right out your front door.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,316
Year Built
- Built in 1885
HOA Fees
- $370 Monthly HOA Fees
Home Design
- Traditional Architecture
- Brick Exterior Construction
Interior Spaces
- 727 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Window Treatments
- Home Gym
- Basement Fills Entire Space Under The House
- Laundry on main level
Kitchen
- Oven
- Range
- Microwave
- Dishwasher
- Snack Bar or Counter
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Accessible Home Design
- Accessible Entrance
- Stepless Entry
Utilities
- Central Air
- Heating System Uses Steam
Community Details
Overview
- Association fees include water, trash, snow removal, sewer, lawn/yard care
- Association Phone (616) 301-1222
- Tannery Row Condos
Amenities
- Community Storage Space
Recreation
- Fitness Center
Pet Policy
- Pets Allowed
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
1
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
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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: 22002349
APN: 41-13-25-440-013
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