201 Lafayette Ave NE Grand Rapids, MI 49503
Downtown Grand Rapids NeighborhoodHighlights
- Corner Lot: Yes
- 2 Car Garage
- Wood Siding
- Forced Air Heating System
- Laundry Facilities
About This Home
As of July 2021Location, Location, Location! A fantastic opportunity to own a Heritage Hill duplex as an investment or owner occupied residence just a minutes’ walk to CC and downtown. The lower 4 bed, 1 ½ bath unit will generate $2000-$2200/mo in rent. Beautiful woodwork throughout including a stunning green glazed fireplace – all original - in the living room, oak floors, a set of pocket doors, leaded glass windows, a bay window in the dining room & a fantastic oak panty. Enjoy fall on the front porch. A small foyer with 2 beveled glass doors open up to the living room, a study area and ½ bath. Off the kitchen, a mud room & access to a private patio & 2 stall garage. This unit’s double stair case from the kitchen and living room lead up to the 2nd floor offering 3 generous sized bedrooms, a smaller 4th, & a full bath. The 2nd unit is on the third floor accessed from a outside staircase with small deck half way up. Large size makes it very rentable! Full size basement provides laundry and storage. Newer water heater and furnace in unit one . This house could also be owner occupied with the 2nd unit supplementing your house payment!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,658
Year Built
- Built in 1910
Lot Details
- 3,312 Sq Ft Lot
- Lot Dimensions are 48 x 69
- Corner Lot: Yes
Parking
- 2 Car Garage
Home Design
- Composition Roof
- Rubber Roof
- Wood Siding
Basement
- Basement Fills Entire Space Under The House
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Natural Gas
Listing and Financial Details
- Tenant pays for water, trash collection, sewer, gas
- The owner pays for water, sewer, gas
Community Details
Building Details
- Insurance Expense $1,300
- Maintenance Expense $500
- Utility Expense $600
- Gross Income $32,100
Additional Features
- 2 Units
- Laundry Facilities
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Purchase Details
Purchase Details
Purchase Details
Purchase Details
Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $372,500 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $275,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $114,000 | -- | |
| Warranty Deed | $91,000 | -- | |
| Deed | $74,000 | -- | |
| Deed | $62,900 | -- | |
| Deed | $62,900 | -- | |
| Deed | $5,300 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $214,800 | New Conventional | |
| Previous Owner | $416,000 | Unknown | |
| Previous Owner | $164,000 | New Conventional | |
| Previous Owner | $90,000 | Credit Line Revolving |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/16/2021 07/16/21 | Sold | $372,500 | -6.9% | -- |
| 06/05/2021 06/05/21 | Pending | -- | -- | -- |
| 04/14/2021 04/14/21 | For Sale | $400,000 | +45.5% | -- |
| 11/22/2017 11/22/17 | Sold | $275,000 | -8.3% | -- |
| 10/13/2017 10/13/17 | Pending | -- | -- | -- |
| 08/30/2017 08/30/17 | For Sale | $299,900 | -- | -- |
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 | $7,508 | $180,800 | $0 | $0 |
| 2023 | $7,447 | $159,900 | $0 | $0 |
| 2022 | $7,078 | $136,500 | $0 | $0 |
| 2021 | $7,046 | $135,000 | $0 | $0 |
| 2020 | $5,262 | $124,000 | $0 | $0 |
| 2019 | $5,388 | $114,900 | $0 | $0 |
| 2018 | $5,223 | $98,600 | $0 | $0 |
| 2017 | $3,776 | $90,200 | $0 | $0 |
| 2016 | $3,794 | $77,800 | $0 | $0 |
| 2015 | $3,615 | $77,800 | $0 | $0 |
| 2013 | -- | $70,200 | $0 | $0 |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 17044127
APN: 41-14-30-130-014
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.
- 253 Prospect Ave NE Unit 105
- 44 Lafayette Ave NE Unit 6
- 318 College Ave NE
- 27 Library St NE Unit 601
- 27 Library St NE Unit 508
- 27 Library St NE Unit 605
- 529 Fountain St NE
- 509 Coit Ave NE
- 22 Jefferson Ave SE
- 117 Hastings St NE
- 201 Michigan St NW Unit 1001
- 201 Michigan St NW Unit 1004
- 460 Fulton St E Unit 3
- 56 Monroe Center St NW Unit 6
- 60 Monroe Center St NW Unit 8A
- 60 Monroe Center St NW Unit 10
- 506 Fairview Ave NE
- 65 Monroe Center St NW Unit 400
- 430 Union Ave NE Unit 303
- 430 Union Ave NE