NOT LISTED FOR SALE

160 Prospect Ave NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $338,000 - $455,000

-- Bed
-- Bath
-- Sq Ft
4,574 Sq Ft Lot

Last Sold May 31, 2024

Last sale price $364,000

Est. 8% increase in value since last sale

Current estimated payment $2,446/month

Highlights

  • 1 Fireplace
  • High Speed Internet
  • Wood Siding
  • Forced Air Heating System

About This Home

As of May 2024

Beautiful 3 unit in the best part of Heritage Hill. Easy walking to downtown and to Medical Mile. Each apartment is very large. The property has off street parking. This property will be sold in combination with 412 Lyon St. The parking for this house uses the drive on the Lyon St house.

Last Agent to Sell the Property

Jerry Phillips

Windpoint Realty LLC Listed on: 04/17/2024

Last Buyer's Agent

Craig Phillips

Windpoint Realty LLC License #6502344256

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,876

Year Built

  • Built in 1881

Lot Details

  • 4,574 Sq Ft Lot

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1 Fireplace
  • Basement
  • Michigan Basement

Parking

  • 3 Parking Spaces
  • Driveway

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for trash collection
  • The owner pays for electricity, water, gas

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,876

Year Built

Built in 1881

Lot Details

0

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1881
  • Location Property Info:Property Sub-Type: 2 to 4 Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 50
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • Tax Info:Annual Property Tax: 3876.0
  • Tax Info:Zoning3: no
  • Waterfront Options:Water Access YN: No
  • General Property Info:Total _pound_ Units: 3
  • General Property Info:Total _pound_ Bldgs: 1.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Utilities Attached:Electric4: Yes
  • Heat Source:Natural Gas3: Yes
  • Util Avail at Street:Electric: Yes
  • Util Avail at Street:Natural Gas2: Yes
  • Util Avail at Street:Public Sewer: Yes
  • Util Avail at Street:Public Water: Yes
  • Utilities Attached:Cable: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Util Avail at Street:Broadband: Yes
  • Util Avail at Street:Cable2: Yes
  • Util Avail at Street:Telephone Line2: Yes
  • Utilities Attached:Telephone Line: Yes
  • Substructure:Michigan Basement: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplaces: 1
  • Basement: Michigan Basement
  • Basement: Yes

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 400000.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Wood Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway
  • Total Parking Spaces: 3.0
  • General Property Info:Total Parking Spaces: 3.0

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Phone Available, Storm Sewer Available, Public Water Available, Public Sewer Available, Natural Gas Available, Electric Available, Cable Available, Broadband Available, Phone Connected, Natural Gas Connected, Electric Connected, Cable Connected

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 50
  • Lot Size Sq Ft: 4574.0
  • Zoning Description: no
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Water, Gas
  • Tenant Pays: Trash Collection

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3876.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2024
Closed on
May 31, 2024
Sold by
John P Devries Trust
Bought by
Procella Llc
Seller's Agent
Jerry Phillips
Windpoint Realty LLC
Buyer's Agent
Craig Phillips
Windpoint Realty LLC
List Price
$400,000
Sold Price
$364,000
Premium/Discount to List
-$36,000
-9%
Views
2
Current Estimated Value
$392,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,514
Avg. Annual Appreciation
5.97%
Original Mortgage
$278,000
Outstanding Balance
$274,553
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$117,961
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Procella Llc -- Sun Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Procella Llc $278,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $364,000 -9.0% --
04/17/2024 04/17/24 Pending -- -- --
04/17/2024 04/17/24 For Sale $400,000 -- --
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 $4,264 $166,700 $0 $0
2024 $4,264 $153,600 $0 $0
2023 $4,076 $133,100 $0 $0
2022 $4,020 $131,400 $0 $0
2021 $3,917 $117,200 $0 $0
2020 $3,786 $104,700 $0 $0
2019 $3,876 $104,000 $0 $0
2018 $3,758 $105,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jerry Phillips

    Seller's Agent in 2024

    Jerry Phillips

    Windpoint Realty LLC

    (616) 334-1516

    5 in this area

    18 Total Sales

    Jerry Phillips
    Section Image

  • C

    Buyer's Agent in 2024

    Craig Phillips

    Windpoint Realty LLC

    (616) 334-0500

    2 in this area

    17 Total Sales

    Craig Phillips
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24018116

Southwestern Michigan Association of REALTORS®

APN: 41-14-30-181-019

Michigan Kent County Grand Rapids 49503 Heritage Hill

160 Prospect Ave NE, Grand Rapids, MI

This home is located at 160 Prospect Ave NE, Grand Rapids, MI 49503 since 17 April 2024 and is currently estimated at $392,514. This property was built in 1881. 160 Prospect Ave NE 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.
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