NOT LISTED FOR SALE

40 Monroe Center St NW Unit 301 Grand Rapids, MI 49503

Downtown Grand Rapids Neighborhood

Estimated Value: $232,000 - $246,000

1 Bed
1 Bath
667 Sq Ft
$189/mo HOA Fee

Last Sold February 16, 2024

Last sale price $220,000 $330 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,654/month

27 Days on Market

Highlights

  • Traditional Architecture
  • Storm Windows
  • Snack Bar or Counter
  • Eat-In Kitchen
  • Living Room
  • 1-minute walk to Monument Park

About This Home

As of February 2024

Welcome to the epitome of urban living at the Peck Building in downtown Grand Rapids! This condo presents an ideal blend of modern comfort and historic charm, offering a lifestyle that seamlessly integrates with the vibrant energy of the city. The kitchen is a true highlight of this unit, boasting recent upgrades that include new countertops and a new undermount sink, and an eating area overlooking Monroe Center. The living room has tall ceilings, and showcases the true character of the building with exposed brickwork. There's an updated bathroom, and the bedroom has high ceilings with a large closet (available washer/dryer hookup) and convenient loft storage. The low HOA fees include a basement storage unit & security entrance. A gated, covered parking space is an option for $150/month Also, short term rentals are not allowed, promoting a closer-knit community feel in the building. The minimum length to lease a unit is 1 year.

Last Agent to Sell the Property

Hope Kolker

Five Star Real Estate (Ada) License #6506046107 Listed on: 01/11/2024

Last Buyer's Agent

Chad Akers

Berkshire Hathaway HomeServices Michigan Real Estate (Main) License #6501374819

Berkshire Hathaway HomeServices Michigan Real Estate (Main)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,756

Year Built

  • Built in 1875

Lot Details

  • 0.32

HOA Fees

  • $189 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 667 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Snack Bar or Counter
  • Disposal

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer Hookup

Home Security

Utilities

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

Community Details

Overview

  • Association fees include water, trash, sewer
  • Association Phone (616) 432-6458
  • Peck Building Condominiums

Pet Policy

  • Pets Allowed

Additional Features

  • Community Storage Space
  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,756

Year Built

Built in 1875

Lot Details

0

HOA Fees

$189 per month

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Traditional
  • Stories: 1
  • Year Built: 1875
  • ResoPropertyType: Residential
  • Location Property Info:Property Sub-Type: Condominium
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 0
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • General Property Info:Total Fin SqFt All Levels: 667.0
  • General Property Info:Main Level Primary: Yes
  • Tax Info:Annual Property Tax: 2756.0
  • Tax Info:Zoning3: res
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Manufactured:Manufactured YN: No
  • Appliances Refrigerators: Yes
  • Heat Source:Natural Gas3: Yes
  • Sewer:Public: Yes
  • Water:Public2: Yes
  • General Property Info:Fireplace: No
  • Additional Items:Ceiling Fans: Yes
  • Appliances Microwave: Yes
  • General Property Info:Condo Proj Name: Peck Building Condominiums
  • General Property Info:Entry Type: Security
  • General Property Info:Pets YN: Yes
  • Windows:Storms: Yes
  • General Property Info:SqFt Above Grade: 667.0
  • Laundry Features Washer Hookup: Yes
  • General Property Info Garage YN: No
  • Architectural Style:Traditional: Yes
  • Flooring:Ceramic Floor: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Flooring: Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen
  • Fireplace: No
  • Total Bedrooms: 1
  • Main Level Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Other
  • LivingArea: 667.0
  • Window Features: Storms
  • General Property Info:Stories2: 1.0
  • Kitchen Features:Eating Area: Yes
  • Appliances Range: Yes
  • Appliances Dishwasher: Yes
  • Kitchen Features:Snack Bar: Yes

Exterior Features

  • Construction Materials: Brick
  • List Price: 250000.0
  • Waterfront: No
  • Access Feat:Accessibility Features2: No
  • Exterior Material:Brick: Yes

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: See Remarks, Washer Hookup
  • Sewer: Public
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Pets Allowed, Storage
  • Association Fee: 189.0
  • Association Fee Frequency: Monthly
  • Association Phone: 616-432-6458
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • Association Info:Approx Assoc Fee2: 189.0
  • Association Info:Assoc Buy in Fee: ask HOA
  • Association Info:Assoc Fee Payable: Monthly
  • General Property Info:Association Contact: Rockford Constructn
  • Assoc Amenities:Pets Allowed2: Yes
  • Assoc Amenities:Storage: Yes
  • Association Info:Association Phone: 616.432.6458

Fee Information

  • Association Fee Includes: Water, Trash, Sewer

Lot Info

  • Lot Dimensions: 0
  • Zoning Description: res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2756.0
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2024
Sold by
Dillon Andrew and Dillon Andy
Bought by
Dillon Austin
Current Estimated Value
$238,017

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Outstanding Balance
$175,312
Interest Rate
9%
Mortgage Type
New Conventional
Estimated Equity
$64,755

Purchase Details

Listed on
Jan 11, 2024
Closed on
Feb 22, 2024
Sold by
Sorensen Alison A
Bought by
Dillon Andy and Dillon Austin
Seller's Agent
Hope Kolker
Five Star Real Estate (Ada)
Buyer's Agent
Chad Akers
Berkshire Hathaway HomeServices Michigan Real Estate (Main)
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%
Views
145

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.34%

Purchase Details

Closed on
Apr 12, 2006
Sold by
Wheeler John J and Wheeler Christine A
Bought by
Albright Allison A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,000
Interest Rate
6.37%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 7, 2005
Sold by
Peck Building Associates Llc
Bought by
Wheeler John J
Source: Public Records

Range of Values:

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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
Dillon Austin -- Sun Title
Dillon Austin -- Sun Title
Dillon Andy $220,000 Star Title
Albright Allison A $76,000 None Available
Wheeler John J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dillon Austin $176,000
Closed Dillon Austin $176,000
Previous Owner Gilbert Timothy Arthur $161,600
Previous Owner Albright Allison A $55,000
Previous Owner Sorensen Alison A $85,821
Previous Owner Albright Alison A $9,000
Previous Owner Albright Allison A $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $220,000 -12.0% $330 / Sq Ft
02/07/2024 02/07/24 Pending -- -- --
01/11/2024 01/11/24 For Sale $250,000 -- $375 / Sq Ft
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 $1,763 $113,400 $0 $0
2024 $1,763 $91,000 $0 $0
2023 $2,872 $82,700 $0 $0
2022 $2,736 $79,400 $0 $0
2021 $2,549 $81,700 $0 $0
2020 $2,463 $84,400 $0 $0
2019 $2,522 $80,000 $0 $0
2018 $2,445 $77,000 $0 $0
2017 $2,385 $60,400 $0 $0
2016 $2,397 $53,400 $0 $0
2015 $2,284 $53,400 $0 $0
2013 -- $52,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2024

    Hope Kolker

    Five Star Real Estate (Ada)

    (616) 262-7923

    1 in this area

    83 Total Sales

    Hope Kolker
    Section Image
  • Chad Akers

    Buyer's Agent in 2024

    Chad Akers

    Berkshire Hathaway HomeServices Michigan Real Estate (Main)

    (616) 318-5505

    1 in this area

    159 Total Sales

    Chad Akers
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 24002921

Southwestern Michigan Association of REALTORS®

APN: 41-13-25-287-056

Michigan Kent County Grand Rapids 49503 Downtown Grand Rapids

40 Monroe Center St NW Unit 301, Grand Rapids, MI

This home is located at 40 Monroe Center St NW Unit 301, Grand Rapids, MI 49503 since 11 January 2024 and is currently estimated at $238,017, approximately $356 per square foot. This property was built in 1875. 40 Monroe Center St NW Unit 301 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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