NOT LISTED FOR SALE

40 Monroe Center St NW Unit 311 Grand Rapids, MI 49503

Downtown Grand Rapids Neighborhood

Estimated Value: $353,000 - $470,000

1 Bed
1 Bath
1,158 Sq Ft
$140/mo HOA Fee

Last Sold January 17, 2020

Last sale price $270,000 $233 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,894/month

11 Days on Market

Highlights

  • Contemporary Architecture
  • Central Air
  • High Speed Internet
  • Wood Flooring
  • Ceiling Fan
  • 1-minute walk to Monument Park

About This Home

As of January 2020

Located in the heart of growing Downtown Grand Rapids, and in the desired ''Peck Building commonly known as 40 Monroe'', you will find this Spacious condominium with both historical charm with all of the modern updates you desire. As soon as you enter the door you are surrounded with natural light pouring in from the vaulted glass ceiling accents, as well as the walls of windows. Open Floor plan with Great Room, Kitchen, Dining Area all perfect for entertaining. The kitchen features wood cabinetry, stainless steel appliances, concrete countertops, and a large snack bar island. The accents you'll love-wood ceilings beams, brick walls, hardwood flooring, and amazing City Views. You will enjoy the large full bath, and spacious bedroom. Low HOA of 140$ includes security entrance, trash, snow removal and water. Prime location close to everything Grand Rapids has to offer including restaurants, museums, shopping, and heated sidewalks. Call today to enjoy the city lifestyle from this fabulous condo.

Last Agent to Sell the Property

Sandi Gentry

RE/MAX Lakeshore License #6506045021 Listed on: 11/15/2019

RE/MAX Lakeshore

Last Buyer's Agent

Darryl Matthews, Jr

Keller Williams GR East License #6506047703

Keller Williams GR East

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,539

Year Built

  • Built in 1875

HOA Fees

  • $140 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,158 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Connected
  • High Speed Internet
  • Cable TV Available

Community Details

  • Association fees include water, trash, snow removal

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,539

Year Built

Built in 1875

Lot Details

0

HOA Fees

$140 per month

Listing Details

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

Interior Features

  • Interior Amenities: Ceiling Fans, Wood Floor
  • Fireplace: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • LivingArea: 1158.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Materials: Brick
  • List Price: 284999.0
  • Road Surface Type: Paved

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Natural Gas Connected, Cable Connected, Public Water, Public Sewer, Broadband

Condo/Co-op/Association

  • Association Fee: 140.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Trash, Snow Removal

Lot Info

  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5539.0
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2019
Closed on
Jan 15, 2020
Sold by
Devoursney Michael D
Bought by
Owens Marcus
Seller's Agent
Sandi Gentry
RE/MAX Lakeshore
Buyer's Agent
Darryl Matthews, Jr
Keller Williams GR East
List Price
$299,900
Sold Price
$270,000
Premium/Discount to List
-$29,900
-9.97%
Current Estimated Value
$402,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,860
Avg. Annual Appreciation
6.96%
Original Mortgage
$256,500
Outstanding Balance
$229,094
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$166,656

Purchase Details

Listed on
Aug 20, 2013
Closed on
Sep 13, 2013
Sold by
Peirce Adam J
Bought by
Devoursney Michael D
Seller's Agent
Michael Keller Kooistra
Keller Williams GR East
Buyer's Agent
Steve Merkle
Coldwell Banker Woodland Schmidt
List Price
$229,900
Sold Price
$212,000
Premium/Discount to List
-$17,900
-7.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.89%

Purchase Details

Closed on
Dec 7, 2005
Sold by
Wheeler John J and Wheeler Christine A
Bought by
Vangessel Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2005
Sold by
Peck Building Associates Llc
Bought by
Peirce Adam J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,600
Interest Rate
6%
Mortgage Type
New Conventional
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
Owens Marcus $270,000 Chicago Title Of Mi Inc
Devoursney Michael D $212,000 Grand Rapids Title Agency Ll
Vangessel Gina -- --
Albright Alison -- --
Peirce Adam J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Owens Marcus $256,500
Previous Owner Peirce Adam J $40,000
Previous Owner Peirce Adam J $149,600
Previous Owner Peirce Adam J $18,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2020 01/17/20 Sold $270,000 -10.0% $233 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
11/15/2019 11/15/19 For Sale $299,900 +41.5% $259 / Sq Ft
09/16/2013 09/16/13 Sold $212,000 -7.8% $172 / Sq Ft
09/05/2013 09/05/13 Pending -- -- --
08/20/2013 08/20/13 For Sale $229,900 -- $186 / 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 $7,522 $196,900 $0 $0
2024 $7,522 $158,100 $0 $0
2023 $4,579 $143,600 $0 $0
2022 $4,760 $137,800 $0 $0
2021 $4,826 $141,900 $0 $0
2020 $3,611 $161,100 $0 $0
2019 $5,737 $152,900 $0 $0
2018 $5,561 $147,100 $0 $0
2017 $5,425 $115,300 $0 $0
2016 $5,451 $101,900 $0 $0
2015 $5,194 $101,900 $0 $0
2013 -- $91,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sandi Gentry

    Seller's Agent in 2020

    Sandi Gentry

    RE/MAX Michigan

    (616) 935-1150

    1,343 Total Sales

    Sandi Gentry
    Section Image
  • Darryl Matthews, Jr

    Buyer's Agent in 2020

    Darryl Matthews, Jr

    Keller Williams GR East

    (616) 881-9047

    233 Total Sales

    Darryl Matthews, Jr
    Section Image
  • Lucas Howard

    Buyer Co-Listing Agent in 2020

    Lucas Howard

    Keller Williams GR East

    (616) 893-6478

    1 in this area

    1,230 Total Sales

    Lucas Howard
    Section Image

  • M

    Seller's Agent in 2013

    Michael Keller Kooistra

    Keller Williams GR East

    (616) 633-8846

    66 Total Sales

    Michael Keller Kooistra
    Section Image

  • S

    Buyer's Agent in 2013

    Steve Merkle

    Coldwell Banker Woodland Schmidt

    (616) 460-0108

    18 Total Sales

    Steve Merkle
    Section Image
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Map

Source: Southwestern Michigan Association of REALTORS®

MLS Number: 19038400

Southwestern Michigan Association of REALTORS®

APN: 41-13-25-287-054

Michigan Kent County Grand Rapids 49503 Downtown Grand Rapids

40 Monroe Center St NW Unit 311, Grand Rapids, MI

This home is located at 40 Monroe Center St NW Unit 311, Grand Rapids, MI 49503 since 15 November 2019 and is currently estimated at $402,860, approximately $347 per square foot. This property was built in 1875. 40 Monroe Center St NW Unit 311 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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