NOT LISTED FOR SALE

40 Monroe Center St NW Unit 306 Grand Rapids, MI 49503

Downtown Grand Rapids Neighborhood

Estimated Value: $274,785 - $302,000

1 Bed
1 Bath
809 Sq Ft
1875 Built

Last Sold August 21, 2014

Last sale price $120,000 $148 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $1,783/month

139 Days on Market

Highlights

  • Living Room
  • Central Air
  • Dining Area
  • Security Service
  • Ceiling Fan
  • 1-minute walk to Monument Park

About This Home

As of August 2014

Short Sale opportunity!!! Third party negotiator handling transaction has solid record of closing deals quickly. Handsome 1 bedroom, 1 bath condo is located in the heart of downtown Grand Rapids near the Police station. The Peck Building, built in 1875 underwent a major historic renovation in 2005 with careful attention to saving much of the Historical Essence of the building including arched window casings and high beamed ceilings. This condo offers a spacious great room with lots of light. Kitchen with snack bar, large bath and bedroom . Building amenities include laundry, secured entry and storage. Buyer to pay third party negotiation fee of $2900.

Last Agent to Sell the Property

Cheryl Grant

RE/MAX SunQuest Realty Listed on: 01/30/2014

Last Buyer's Agent

Lisa Baars

Starner Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,994

Year Built

  • Built in 1875

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 809 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room
  • Dining Area

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include water, trash, snow removal, sewer

Pet Policy

  • Pets Allowed

Additional Features

  • Community Storage Space
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,994

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Sub-Type: Condominium
  • Property Type: Residential
  • New Construction: No
  • ArchitecturalStyle: Other
  • Stories: 1
  • Year Built: 1875
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Disposal, Dishwasher, Microwave, Oven, Range, Refrigerator
  • Interior Amenities: Ceiling Fans
  • Fireplace: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 809.0

Exterior Features

  • Construction Materials: Brick
  • List Price: 129900.0
  • Lot Features: Sidewalk
  • Road Surface Type: Paved

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Cable Connected

Condo/Co-op/Association

  • Association Amenities: Pets Allowed, Security, Storage
  • Association Fee: 137.0
  • Association: Yes

Fee Information

  • Association Fee Includes: Water, Trash, Snow Removal, Sewer

Lot Info

  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1994.0
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2014
Closed on
Aug 6, 2014
Sold by
Big Wave Properties Llc
Bought by
Starkey William J and Zache Maria C
Seller's Agent
Cheryl Grant
RE/MAX SunQuest Realty
Buyer's Agent
Lisa Baars
Starner Realty
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%
Current Estimated Value
$285,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,196
Avg. Annual Appreciation
8.20%
Original Mortgage
$60,000
Outstanding Balance
$33,640
Interest Rate
4.14%
Mortgage Type
New Conventional
Estimated Equity
$251,556

Purchase Details

Closed on
Jun 15, 2013
Sold by
Mckay Lisa M
Bought by
Big Wave Properties Llc

Purchase Details

Closed on
Jun 10, 2013
Sold by
Mckay David C
Bought by
Big Wave Properties Llc

Purchase Details

Closed on
Jul 28, 2008
Sold by
Bauman Katie L
Bought by
Mckay David C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,042
Interest Rate
6.39%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 18, 2005
Sold by
Peck Building Associates Llc
Bought by
Bauman Katie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.87%
Mortgage Type
Fannie Mae Freddie Mac
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
Starkey William J $120,000 Stewart Title Agency
Big Wave Properties Llc -- None Available
Big Wave Properties Llc -- None Available
Mckay David C $158,675 Grand Rapids Title
Bauman Katie L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Starkey William J $30,000
Open Starkey William J $60,000
Previous Owner Mckay David C $152,690
Previous Owner Mckay David C $157,042
Previous Owner Bauman Katie L $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2014 08/21/14 Sold $120,000 -7.6% $148 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
01/30/2014 01/30/14 For Sale $129,900 -- $161 / 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 $2,652 $140,000 $0 $0
2024 $2,652 $112,900 $0 $0
2023 $2,690 $102,800 $0 $0
2022 $2,554 $98,800 $0 $0
2021 $2,497 $101,600 $0 $0
2020 $2,388 $104,800 $0 $0
2019 $2,500 $99,600 $0 $0
2018 $2,415 $95,900 $0 $0
2017 $2,351 $73,200 $0 $0
2016 $2,292 $64,700 $0 $0
2015 $2,131 $64,700 $0 $0
2013 -- $63,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2014

    Cheryl Grant

    RE/MAX Michigan

  • L

    Buyer's Agent in 2014

    Lisa Baars

    Starner Realty

See All Agents

Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 14004853

Southwestern Michigan Association of REALTORS®

APN: 41-13-25-287-049

Michigan Kent County Grand Rapids 49503 Downtown Grand Rapids

40 Monroe Center St NW Unit 306, Grand Rapids, MI

This home is located at 40 Monroe Center St NW Unit 306, Grand Rapids, MI 49503 since 30 January 2014 and is currently estimated at $285,196, approximately $352 per square foot. This property was built in 1875. 40 Monroe Center St NW Unit 306 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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