NOT LISTED FOR SALE

318 Washington St SE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $362,000 - $494,000

Studio
-- Bath
-- Sq Ft
5,250 Sq Ft Lot Lot

Sale Details

Date Sold: August 21, 2020

Last sale price $255,000

Est. 61% increase in value since last sale

Current estimated payment $2,682 / mo

2 Days on Market

Highlights

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

About This Home

As of August 2020

Turn-key 3 unit in Heritage Hill on a quiet tree shaded street. Wonderful location close to downtown. Each unit is 1 bedroom, 1 bath. Each unit has new carpet and paint and shows great! Two of the units have brand new kitchens and baths. Lots of other newer features too. Awesome wrap around front porch. Appliances stay. Rents are approximate. Owner pays water, gas. Tenant pays electric and trash.

Last Agent to Sell the Property

John Schat

Five Star Real Estate (Grandv) License #6501254085 Listed on: 07/21/2020

Five Star Real Estate (Grandv)

Last Buyer's Agent

Matthew Brase

EXP Realty LLC License #6501361640

EXP Realty LLC

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,373

Year Built

  • Built in 1860

Lot Details

  • 5,250

Home Design

  • Composition Roof
  • Rubber Roof
  • Wood Siding

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Michigan Basement
  • 5,250 Sq Ft Lot

Community Details

  • 3 Units

Listing and Financial Details

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

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,373

Year Built

Built in 1860

Lot Details

5,250 Sq Ft Lot

Listing Details

  • Property Sub-Type: 2 to 4 Units
  • Property Type: Multi-Family
  • New Construction: No
  • Year Built: 1860
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Michigan Basement

Exterior Features

  • Construction Materials: Wood Siding
  • List Price: 259900.0
  • Lot Features: Sidewalk
  • Number of Buildings: 1
  • Road Surface Type: Paved
  • Roof: Composition, Rubber
  • Waterfront: No

Utilities

  • Cooling: None
  • Cooling: No
  • Heating: Natural Gas, Forced Air
  • Heating: Yes
  • Water Source: Public

Lot Info

  • Lot Size Acres: 0.12
  • Lot Size Area: 0.12
  • Lot Size Sq Ft: 5250.0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Rental Info

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

Multi Family

  • Number of Units Total: 3

Tax Info

  • Tax Annual Amount: 3373.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2020
Closed on
Aug 21, 2020
Sold by
Zwiers Marvin W
Bought by
Smith Todd and Brase Matt
Seller's Agent
John Schat
Five Star Real Estate (Grandv)
Buyer's Agent
Matthew Brase
EXP Realty LLC
List Price
$274,900
Sold Price
$255,000
Premium/Discount to List
-$19,900
-7.24%
Current Estimated Value
$411,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,194
Avg. Annual Appreciation
8.81%
Original Mortgage
$191,250
Outstanding Balance
$167,783
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$243,411

Purchase Details

Closed on
Aug 4, 1987
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
Smith Todd $255,000 Star Title
Smith Todd $255,000 Star Title Agency Llc
-- $33,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Todd $191,250
Closed Smith Todd $191,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2020 08/21/20 Sold $255,000 -7.2% --
07/23/2020 07/23/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $274,900 -- --
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 $6,199 $155,400 $0 $0
2024 $62 $142,700 $0 $0
2023 $6,149 $123,500 $0 $0
2022 $5,844 $122,000 $0 $0
2021 $5,694 $109,100 $0 $0
2020 $3,024 $89,600 $0 $0
2019 $3,270 $93,100 $0 $0
2018 $3,270 $93,800 $0 $0
2017 $3,190 $77,800 $0 $0
2016 $3,205 $66,200 $0 $0
2015 $3,054 $66,200 $0 $0
2013 -- $59,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Schat

    Seller's Agent in 2020

    John Schat

    Five Star Real Estate (Grandv)

    (616) 299-7132

    113 Total Sales

    John Schat
    Section Image

  • M

    Buyer's Agent in 2020

    Matthew Brase

    EXP Realty LLC

    Section Image
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Map

Source: MichRIC

MLS Number: 20025742

MichRIC

APN: 41-14-30-330-006

Michigan Kent County Grand Rapids 49503 Heritage Hill

318 Washington St SE, Grand Rapids, MI

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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