$156,900
SOLD NOV 13, 2024

2048 Palace Ave SW Grand Rapids, MI 49507

Garfield Park Neighborhood
2 Beds
1 Bath
1,088 Sq Ft
4,966 Sq Ft Lot

Recently Sold

$144 Per Sq Ft

2% Below List Price

5 Days on Market

Highlights

  • Corner Lot: Yes
  • Living Room
  • 1-Story Property
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of November 2024

Charming ranch-style home with 2 bedrooms and 1 bathroom, located just 0.4 miles from the highway and close to restaurants and downtown Grand Rapids. The exterior features low-maintenance vinyl siding and a 1-stall garage. The fenced-in backyard provides privacy and space for outdoor activities, while the full basement offers plenty of room for storage or future expansion. Ideal for those seeking a convenient location with easy access to city amenities and a cozy, manageable living space.

Last Agent to Sell the Property

Vito Dolci Jr

Five Star Real Estate (Walker) License #6502367278 Listed on: 10/03/2024

Last Buyer's Agent

Fabiola Cerrato-Jimenez

Success Realty West Michigan License #6501456260

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,158

Year Built

  • Built in 1910

Lot Details

  • 4,966 Sq Ft Lot
  • Lot Dimensions are 40 x 124
  • Corner Lot: Yes

Parking

  • 1 Car Detached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,088 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,158

Year Built

Built in 1910

Lot Details

0

Parking

1

Listing Details

  • Property Sub-Type: Single Family Residence
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Ranch
  • Stories: 1
  • Year Built: 1910
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Single Family Residence
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 40 x 124
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: Yes
  • General Property Info:Total Fin SqFt All Levels: 1088.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 1157.55
  • Tax Info:Zoning3: RES
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Substructure:Full: Yes
  • Heat Source:Natural Gas3: Yes
  • Utilities Attached:Natural Gas: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • Lot Description:Corner Lot: Yes
  • General Property Info:Fireplace: No
  • General Property Info:SqFt Above Grade: 1088.0
  • Laundry Features In Basement: Yes
  • General Property Info Garage YN: Yes
  • Architectural Style:Ranch: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Total Bedrooms: 2
  • Main Level Bedrooms: 2
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Full
  • LivingArea: 1088.0
  • General Property Info:Stories2: 1.0

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 159900.0
  • Lot Features: Corner Lot
  • Road Surface Type: Paved
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No
  • Driveway Paved: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Garage: Yes
  • Parking Features: Detached
  • Parking Features:Detached2: Yes
  • General Property Info:Garage Spaces: 1.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: In Basement
  • Sewer: Public
  • Utilities: Natural Gas Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Dimensions: 40 x 124
  • Lot Size Sq Ft: 4966.0
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1157.55
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Nov 22, 2024
Sold by
Kahsay Afworki
Bought by
Flores Miguel Huerta and Flores Alejandro Huerta
Seller's Agent
Vito Dolci Jr
Five Star Real Estate (Walker)
Buyer's Agent
Fabiola Cerrato-Jimenez
Success Realty West Michigan
List Price
$159,900
Sold Price
$156,900
Premium/Discount to List
-$3,000
-1.88%
Views
32
Current Estimated Value
$172,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,841
Avg. Annual Appreciation
10.54%
Original Mortgage
$147,093
Outstanding Balance
$145,683
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$27,058

Purchase Details

Closed on
Jul 2, 2009
Sold by
Donovan Shaun
Bought by
Kahsay Afworki

Purchase Details

Closed on
Oct 10, 2008
Sold by
Wells Fargo Bank Na
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Apr 9, 2008
Sold by
Buitron Jose Miguel and Buitron Pedro
Bought by
Wells Fargo Bank Na and Wells Fargo Mortgage Corp

Purchase Details

Closed on
Jul 14, 1995
Bought by
Carroll Terry L and Kahsay Afworki

Purchase Details

Closed on
May 19, 1994

Purchase Details

Closed on
Jan 27, 1994
Sold by
Brown Brown C C and Brown Dhud
Bought by
Kahsay Afworki

Purchase Details

Closed on
Jan 1, 1994

Purchase Details

Closed on
Jul 1, 1993

Purchase Details

Closed on
Mar 18, 1991
Sold by
Barton Barton G G and Barton Dunn R
Bought by
Kahsay Afworki

Purchase Details

Closed on
Nov 8, 1985

Purchase Details

Closed on
Oct 9, 1981
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $156,900 Star Title
Deed $10,000 None Available
Warranty Deed -- None Available
Sheriffs Deed $82,084 None Available
Warranty Deed $28,900 --
Quit Claim Deed $13,800 --
Warranty Deed -- --
Deed -- --
Sheriffs Deed $26,200 --
Warranty Deed $25,800 --
Deed $22,900 --
Deed $10,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $147,093 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2024 11/13/24 Sold $156,900 -1.9% $144 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
10/03/2024 10/03/24 For Sale $159,900 -- $147 / Sq Ft
Source: MichRIC

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 $1,115 $88,400 $0 $0
2024 $1,115 $77,900 $0 $0
2023 $1,106 $68,200 $0 $0
2022 $1,052 $52,700 $0 $0
2021 $1,025 $43,700 $0 $0
2020 $990 $40,500 $0 $0
2019 $1,014 $35,700 $0 $0
2018 $983 $25,700 $0 $0
2017 $959 $20,500 $0 $0
2016 $964 $20,700 $0 $0
2015 $918 $20,700 $0 $0
2013 -- $17,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vito Dolci Jr

    Seller's Agent in 2024

    Vito Dolci Jr

    Five Star Real Estate (Walker)

    (616) 791-1010

    1 in this area

    330 Total Sales

    Vito Dolci Jr
    Section Image

  • F

    Buyer's Agent in 2024

    Fabiola Cerrato-Jimenez

    Success Realty West Michigan

    (616) 970-9307

    1 in this area

    5 Total Sales

    Fabiola Cerrato-Jimenez
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 24052039

MichRIC

APN: 41-17-12-203-016

Michigan Kent County Grand Rapids 49507 Garfield Park

2048 Palace Ave SW, Grand Rapids, MI

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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