NOT LISTED FOR SALE

41 Prospect Ave NE Grand Rapids, MI 49503

Heritage Hill Neighborhood

Estimated Value: $705,000 - $775,572

5 Beds
4 Baths
2,256 Sq Ft
$329/Sq Ft Est. Value

About This Home

This home is located at 41 Prospect Ave NE, Grand Rapids, MI 49503 and is currently estimated at $741,393, approximately $328 per square foot. 41 Prospect Ave NE is a home located in Kent County with nearby schools including Grand Rapids Montessori Academy, Alger Middle School, and Ottawa Hills High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2021
Sold by
Thomas Watson
Bought by
Watson Thomas and Watson Nicole A
Current Estimated Value
$741,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,800
Outstanding Balance
$324,517
Interest Rate
2.28%
Mortgage Type
New Conventional
Estimated Equity
$371,608

Purchase Details

Closed on
Aug 7, 2020
Sold by
Farratell Rafael R and Farratell Margaret E
Bought by
Watson Thomas and Winnicki Nicole A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2020
Sold by
Farratell Rafael R and Farratell Margaret E
Bought by
Watson Thomas and Winnicki Nicole A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2007
Sold by
Farratell Rafael R and Farratell Margaret E
Bought by
Farratell Rafael R and Farratell Margaret E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,000
Interest Rate
6.2%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 6, 2006
Sold by
Minor John and Minor Elspeth
Bought by
Farratell Rafael R and Farratell Margaret E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.33%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Watson Thomas -- Nations Title
Watson Thomas $450,000 Nations Title
Watson Thomas $450,000 Accommodation
Farratell Rafael R -- None Available
Farratell Rafael R $340,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watson Thomas $412,800
Previous Owner Watson Thomas $420,000
Previous Owner Watson Thomas $420,000
Previous Owner Farratell Rafael R $91,000
Previous Owner Farratell Rafael R $341,000
Previous Owner Farratell Rafael R $160,000
Previous Owner Farratell Rafael R $175,000
Source: Public Records

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 $9,217 $370,400 $0 $0
2024 $9,217 $351,300 $0 $0
2023 $9,351 $307,500 $0 $0
2022 $8,878 $295,600 $0 $0
2021 $8,680 $276,800 $0 $0
2020 $12,874 $251,700 $0 $0
2019 $6,625 $213,200 $0 $0
2018 $6,398 $229,300 $0 $0
2017 $6,228 $215,200 $0 $0
2016 $6,304 $173,000 $0 $0
2015 $5,138 $173,000 $0 $0
2013 -- $151,100 $0 $0
Source: Public Records

Map

Michigan Kent County Grand Rapids 49503 Heritage Hill

41 Prospect Ave NE, Grand Rapids, MI

This home is located at 41 Prospect Ave NE, Grand Rapids, MI 49503 and is currently estimated at $741,393, approximately $328 per square foot. 41 Prospect Ave NE 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.

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