NOT LISTED FOR SALE

314 Cherry St SE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $651,485

Studio
7 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold August 29, 2013

Last sale price $250,000

Est. 161% increase in value since last sale

Current estimated payment $4,252/month

336 Days on Market

Highlights

  • Accessible Ramps
  • Wood Siding
  • 2-minute walk to Foster Park
  • Forced Air Heating System

About This Home

As of August 2013

Herritage Hill 9 unit property in 2 houses. The main house has 7 apartments and the rear house has 2 units. Large wrap around front porch. Basement windows have glass block. Lots of character and original woodwork. Coin op laundry in basement. Furnace in main house is only 5 years old and roof is newer. Most electric is split. House in rear has 1 furnace that is 4 yrs old and one that is older. Fully rented with potential of over $62000 in yearly rents. Close to St. Marys Hospital and colleges.

Last Agent to Sell the Property

Allison Koetsier

Compass Realty Services License #6502378425 Listed on: 08/30/2012

Compass Realty Services

Co-Listed By

Thomas Koetsier

Kay Courtney & Associates

Last Buyer's Agent

Patrick Coffin

Urban Pharm LLC License #6502366822

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $5,600

Year Built

  • Built in 1885

Lot Details

  • 8,712

Parking

  • 4 Parking Spaces

Home Design

  • Composition Roof
  • Wood Siding

Utilities

  • Forced Air Heating System
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Michigan Basement
  • Accessible Ramps
  • 8,712 Sq Ft Lot

Community Details

  • 2 Buildings

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$5,600

Year Built

Built in 1885

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1885
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Accessibility Features: Ramped Entrance
  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 259900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 2
  • Road Surface Type: Paved
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 4.0

Utilities

  • Heating: Forced Air
  • Heating: Yes
  • Utilities: Telephone Line, Natural Gas Connected, Public Water, Public Sewer, Cable Connected
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Area: 0.2
  • Lot Size Sq Ft: 8712.0
  • Zoning Description: RES

Rental Info

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

Tax Info

  • Tax Annual Amount: 5600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 2, 2017
Sold by
Pamela S Gordon
Bought by
Gibson Matthew
Current Estimated Value
$651,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,844
Outstanding Balance
$96,680
Interest Rate
3.83%
Estimated Equity
$554,805

Purchase Details

Listed on
Aug 30, 2012
Closed on
Aug 29, 2013
Sold by
Bissard David and Bissard Danne Mae
Bought by
Mikjan Properties Llc
Seller's Agent
Allison Koetsier
Compass Realty Services
Buyer's Agent
Patrick Coffin
Urban Pharm LLC
List Price
$329,900
Sold Price
$250,000
Premium/Discount to List
-$79,900
-24.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.91%

Purchase Details

Closed on
May 30, 2000
Sold by
Bsrd Bsrd D D and Bsrd D
Bought by
Mikjan Properties Llc

Purchase Details

Closed on
Jun 16, 1997
Sold by
Crdnl Ts and Crdnl Bissard D
Bought by
Mikjan Properties Llc

Purchase Details

Closed on
May 19, 1997
Sold by
Cardinal Cardinal and Cardinal Ts
Bought by
Cardinal Ts and Mikjan Properties Llc

Purchase Details

Closed on
Apr 13, 1987
Bought by
Mikjan Properties Llc

Purchase Details

Closed on
Dec 12, 1983
Bought by
Mikjan Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gibson Matthew $119,000 --
Mikjan Properties Llc $250,000 None Available
Mikjan Properties Llc -- --
Mikjan Properties Llc $90,000 --
Cardinal Ts -- --
Mikjan Properties Llc $48,000 --
Mikjan Properties Llc $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibson Matthew $116,844
Closed Gibson Matthew --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2013 08/29/13 Sold $250,000 -24.2% --
08/01/2013 08/01/13 Pending -- -- --
08/30/2012 08/30/12 For Sale $329,900 -- --
Source: MichRIC

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 $9,252 $529,800 $0 $0
2024 $93 $501,900 $0 $0
2023 $9,177 $455,500 $0 $0
2022 $8,722 $396,900 $0 $0
2021 $8,498 $335,000 $0 $0
2020 $8,214 $297,000 $0 $0
2019 $8,410 $258,800 $0 $0
2018 $8,153 $237,500 $0 $0
2017 $7,953 $179,600 $0 $0
2016 $7,992 $159,400 $0 $0
2015 $7,615 $159,400 $0 $0
2013 -- $142,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Allison Koetsier

    Seller's Agent in 2013

    Allison Koetsier

    Compass Realty Services

    (616) 633-9445

    3 in this area

    102 Total Sales

    Allison Koetsier
    Section Image

  • T

    Seller Co-Listing Agent in 2013

    Thomas Koetsier

    Kay Courtney & Associates

  • P

    Buyer's Agent in 2013

    Patrick Coffin

    Urban Pharm LLC

See All Agents

Map

Source: MichRIC

MLS Number: 12047369

MichRIC

APN: 41-14-30-377-002

Michigan Kent County Grand Rapids 49503 Heritage Hill

314 Cherry St SE, Grand Rapids, MI

Not Listed for Sale

MultiFamily

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.

MichRIC Information is deemed reliable but not guaranteed.
Copyright 2026 MichRIC, LLC. All rights reserved.

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